Wealthstream Advisors Inc. Has $2.25 Million Stock Position in Alphabet Inc. $GOOGL

Wealthstream Advisors Inc. raised its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,786 shares of the information services provider’s stock after buying an additional 375 shares during the period. Alphabet accounts for approximately 0.4% of Wealthstream Advisors Inc.’s portfolio, making the stock its 29th biggest holding. Wealthstream Advisors Inc.’s holdings in Alphabet were worth $2,253,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of GOOGL. Brighton Jones LLC lifted its holdings in Alphabet by 3.9% during the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock worth $20,886,000 after buying an additional 4,110 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in Alphabet by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock worth $2,826,000 after buying an additional 506 shares in the last quarter. Goldstein Advisors LLC lifted its holdings in Alphabet by 23.0% during the 1st quarter. Goldstein Advisors LLC now owns 13,194 shares of the information services provider’s stock worth $2,040,000 after buying an additional 2,469 shares in the last quarter. KPP Advisory Services LLC lifted its holdings in Alphabet by 38.7% during the 1st quarter. KPP Advisory Services LLC now owns 19,011 shares of the information services provider’s stock worth $2,940,000 after buying an additional 5,307 shares in the last quarter. Finally, KG&L Capital Management LLC lifted its holdings in Alphabet by 11.0% during the 1st quarter. KG&L Capital Management LLC now owns 82,739 shares of the information services provider’s stock worth $12,795,000 after buying an additional 8,229 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 2,778 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $245.00, for a total transaction of $680,610.00. Following the completion of the transaction, the chief accounting officer directly owned 17,293 shares in the company, valued at $4,236,785. This represents a 13.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $249.50, for a total transaction of $8,108,750.00. Following the transaction, the chief executive officer owned 2,397,392 shares of the company’s stock, valued at approximately $598,149,304. This represents a 1.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 246,150 shares of company stock worth $55,805,379 in the last three months. Insiders own 11.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on GOOGL shares. Phillip Securities cut shares of Alphabet from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, September 8th. The Goldman Sachs Group reiterated a “buy” rating and set a $288.00 target price on shares of Alphabet in a research report on Tuesday, October 14th. Mizuho set a $295.00 target price on shares of Alphabet and gave the company an “outperform” rating in a research report on Monday, September 29th. Wall Street Zen cut shares of Alphabet from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Finally, Wolfe Research upped their price objective on shares of Alphabet from $220.00 to $290.00 in a research report on Tuesday, September 30th. Three analysts have rated the stock with a Strong Buy rating, thirty-two have given a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $266.69.

Alphabet Price Performance

GOOGL stock opened at $274.57 on Thursday. The stock has a 50-day moving average price of $240.86 and a two-hundred day moving average price of $198.25. The stock has a market cap of $3.32 trillion, a PE ratio of 29.24, a price-to-earnings-growth ratio of 1.81 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 1 year low of $140.53 and a 1 year high of $275.34.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Wednesday, October 29th. The information services provider reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.58. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. Equities analysts forecast that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Alphabet Company Profile

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.