Accretive Wealth Partners LLC Has $1.08 Million Stock Holdings in Alphabet Inc. $GOOGL

Accretive Wealth Partners LLC boosted its position in Alphabet Inc. (NASDAQ:GOOGL) by 1.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,116 shares of the information services provider’s stock after buying an additional 106 shares during the period. Accretive Wealth Partners LLC’s holdings in Alphabet were worth $1,078,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Brighton Jones LLC increased its position in shares of Alphabet by 3.9% during the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock valued at $20,886,000 after purchasing an additional 4,110 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Alphabet by 3.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider’s stock worth $2,826,000 after purchasing an additional 506 shares during the period. Diversified Trust Co grew its stake in Alphabet by 2.0% in the 1st quarter. Diversified Trust Co now owns 305,027 shares of the information services provider’s stock worth $47,169,000 after buying an additional 5,892 shares in the last quarter. Victrix Investment Advisors boosted its holdings in shares of Alphabet by 2.9% in the 1st quarter. Victrix Investment Advisors now owns 45,301 shares of the information services provider’s stock worth $6,849,000 after purchasing an additional 1,270 shares in the last quarter. Finally, Transcend Capital Advisors LLC lifted its holdings in shares of Alphabet by 17.8% in the 1st quarter. Transcend Capital Advisors LLC now owns 63,325 shares of the information services provider’s stock worth $9,793,000 after acquiring an additional 9,549 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $281.48 on Friday. The firm has a market cap of $3.40 trillion, a price-to-earnings ratio of 27.76, a P/E/G ratio of 1.86 and a beta of 1.00. The firm has a fifty day moving average price of $242.49 and a 200 day moving average price of $198.83. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $291.59. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Wednesday, October 29th. The information services provider reported $2.87 EPS for the quarter, beating the consensus estimate of $2.29 by $0.58. Alphabet had a net margin of 32.23% and a return on equity of 36.08%. The business had revenue of $102.35 billion during the quarter, compared to the consensus estimate of $99.90 billion. As a group, sell-side analysts expect that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on GOOGL. KeyCorp restated an “overweight” rating and issued a $300.00 price objective (up previously from $265.00) on shares of Alphabet in a research report on Monday. Barclays reaffirmed an “overweight” rating and set a $315.00 price objective (up previously from $250.00) on shares of Alphabet in a research report on Thursday. Morgan Stanley upped their target price on shares of Alphabet from $270.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday. CIBC upped their target price on shares of Alphabet to $315.00 in a research note on Monday, October 20th. Finally, The Goldman Sachs Group boosted their target price on shares of Alphabet from $288.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and a consensus price target of $301.32.

Insider Activity at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 2,397,392 shares in the company, valued at approximately $598,149,304. This represents a 1.34% 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, CAO Amie Thuener O’toole sold 2,778 shares of the business’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $245.00, for a total transaction of $680,610.00. Following the completion of the sale, the chief accounting officer owned 17,293 shares in the company, valued at $4,236,785. This represents a 13.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 246,150 shares of company stock valued at $55,805,379. Insiders own 11.64% of the company’s stock.

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.