Werba Rubin Papier Wealth Management Buys 1,327 Shares of Alphabet Inc. $GOOGL

Werba Rubin Papier Wealth Management increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 11.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,706 shares of the information services provider’s stock after acquiring an additional 1,327 shares during the quarter. Werba Rubin Papier Wealth Management’s holdings in Alphabet were worth $2,239,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Guardian Wealth Management Inc. boosted its position in shares of Alphabet by 242.9% during the first quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider’s stock worth $26,000 after acquiring an additional 119 shares during the last quarter. IMA Advisory Services Inc. bought a new position in shares of Alphabet during the first quarter worth $28,000. von Borstel & Associates Inc. bought a new position in shares of Alphabet during the first quarter worth $28,000. NBZ Investment Advisors LLC boosted its position in shares of Alphabet by 85.7% during the first quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider’s stock worth $30,000 after acquiring an additional 90 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. raised its stake in Alphabet by 36.4% during the second quarter. CarsonAllaria Wealth Management Ltd. now owns 251 shares of the information services provider’s stock valued at $44,000 after purchasing an additional 67 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Loop Capital upped their price target on shares of Alphabet from $190.00 to $260.00 and gave the company a “hold” rating in a research note on Friday. Needham & Company LLC upped their price target on shares of Alphabet from $220.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, September 3rd. KeyCorp upped their price target on shares of Alphabet from $230.00 to $265.00 and gave the company an “overweight” rating in a research note on Wednesday, September 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alphabet in a research note on Friday. Finally, Stifel Nicolaus upped their price target on shares of Alphabet from $222.00 to $292.00 and gave the company a “buy” rating in a research note on Friday. Four analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and a consensus target price of $263.55.

Insider Transactions at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $250.15, for a total value of $8,129,875.00. Following the completion of the sale, the chief executive officer owned 2,369,619 shares in the company, valued at approximately $592,760,192.85. This trade represents a 1.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 600 shares of the firm’s stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $242.92, for a total transaction of $145,752.00. Following the completion of the transaction, the director directly owned 5,116 shares in the company, valued at $1,242,778.72. This represents a 10.50% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 246,150 shares of company stock worth $55,805,379. 11.55% of the stock is currently owned by insiders.

Alphabet Price Performance

Alphabet stock opened at $259.92 on Monday. The firm has a 50-day moving average price of $236.72 and a 200-day moving average price of $195.85. The firm has a market capitalization of $3.14 trillion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 1.75 and a beta of 1.00. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $261.68.

About Alphabet

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.