SilverOak Wealth Management LLC Has $748,000 Position in Alphabet Inc. $GOOGL

SilverOak Wealth Management LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 10.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,244 shares of the information services provider’s stock after acquiring an additional 401 shares during the quarter. SilverOak Wealth Management LLC’s holdings in Alphabet were worth $748,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Master S Wealth Management Inc. acquired a new position in shares of Alphabet during the second quarter valued at $204,000. Nordea Investment Management AB lifted its stake in shares of Alphabet by 3.0% during the second quarter. Nordea Investment Management AB now owns 12,905,704 shares of the information services provider’s stock valued at $2,282,245,000 after acquiring an additional 376,441 shares during the period. Empirical Asset Management LLC lifted its stake in shares of Alphabet by 1.8% during the second quarter. Empirical Asset Management LLC now owns 7,320 shares of the information services provider’s stock valued at $1,290,000 after acquiring an additional 126 shares during the period. Consilio Wealth Advisors LLC boosted its stake in Alphabet by 2.6% in the second quarter. Consilio Wealth Advisors LLC now owns 9,911 shares of the information services provider’s stock valued at $1,769,000 after acquiring an additional 250 shares during the last quarter. Finally, Commons Capital LLC boosted its stake in Alphabet by 2.5% in the second quarter. Commons Capital LLC now owns 29,020 shares of the information services provider’s stock valued at $5,114,000 after acquiring an additional 700 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Up 3.6%

Shares of Alphabet stock opened at $269.27 on Tuesday. Alphabet Inc. has a 1 year low of $140.53 and a 1 year high of $270.14. The business has a 50-day moving average of $238.03 and a two-hundred day moving average of $196.63. The company has a market capitalization of $3.26 trillion, a P/E ratio of 28.68, a price-to-earnings-growth ratio of 1.75 and a beta of 1.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90.

Analysts Set New Price Targets

A number of equities research analysts recently commented on GOOGL shares. Susquehanna upped their price objective on Alphabet from $220.00 to $225.00 and gave the company a “positive” rating in a report on Thursday, July 24th. Phillip Securities downgraded Alphabet from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, September 8th. Truist Financial upped their price objective on Alphabet from $225.00 to $285.00 and gave the company a “buy” rating in a report on Monday, September 22nd. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Alphabet in a report on Monday. Finally, Barclays upped their price objective on Alphabet from $235.00 to $250.00 and gave the company an “overweight” rating in a report on Wednesday, September 3rd. Four investment 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $264.34.

Insider Buying and Selling

In related news, Director John L. Hennessy sold 600 shares of the 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 approximately $1,242,778.72. This trade represents a 10.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 2,778 shares of the stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $250.05, for a total value of $694,638.90. Following the transaction, the chief accounting officer owned 14,516 shares of the company’s stock, valued at approximately $3,629,725.80. The trade was a 16.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 246,150 shares of company stock valued at $55,805,379. 11.64% of the stock is owned by company insiders.

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.