Schnieders Capital Management LLC Purchases 3,696 Shares of Alphabet Inc. $GOOGL

Schnieders Capital Management LLC boosted its position in Alphabet Inc. (NASDAQ:GOOGL) by 3.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 110,124 shares of the information services provider’s stock after buying an additional 3,696 shares during the quarter. Alphabet makes up about 3.4% of Schnieders Capital Management LLC’s portfolio, making the stock its 6th biggest position. Schnieders Capital Management LLC’s holdings in Alphabet were worth $19,407,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. 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 worth $20,886,000 after purchasing an additional 4,110 shares during the last quarter. Revolve Wealth Partners LLC increased its position in shares of 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 purchasing an additional 506 shares during the last quarter. Diversified Trust Co increased its position in shares of Alphabet by 2.0% during the 1st quarter. Diversified Trust Co now owns 305,027 shares of the information services provider’s stock worth $47,169,000 after purchasing an additional 5,892 shares during the last quarter. Victrix Investment Advisors increased its position in shares of Alphabet by 2.9% during 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 during the last quarter. Finally, Transcend Capital Advisors LLC increased its position in shares of Alphabet by 17.8% during the 1st quarter. Transcend Capital Advisors LLC now owns 63,325 shares of the information services provider’s stock worth $9,793,000 after purchasing an additional 9,549 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $281.48 on Friday. The stock has a fifty day moving average price of $242.49 and a 200-day moving average price of $198.83. The company has a market cap of $3.40 trillion, a price-to-earnings ratio of 27.76, a PEG ratio of 1.86 and a beta of 1.00. 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 Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $291.59.

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

Insider Buying and Selling at Alphabet

In related news, Director Frances Arnold sold 103 shares of the company’s stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $243.13, for a total transaction of $25,042.39. Following the completion of the sale, the director directly owned 17,284 shares in the company, valued at $4,202,258.92. This represents a 0.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $250.15, for a total value of $8,129,875.00. Following the sale, the chief executive officer owned 2,369,619 shares of the company’s stock, valued at approximately $592,760,192.85. This represents a 1.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 246,150 shares of company stock worth $55,805,379 over the last quarter. 11.64% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Citigroup reissued a “buy” rating and set a $343.00 target price (up from $280.00) on shares of Alphabet in a report on Thursday. Guggenheim boosted their target price on Alphabet from $280.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday. Barclays reissued an “overweight” rating and set a $315.00 target price (up from $250.00) on shares of Alphabet in a report on Thursday. Mizuho set a $325.00 target price on Alphabet in a report on Thursday. Finally, UBS Group reissued a “neutral” rating and set a $306.00 target price (up from $255.00) on shares of Alphabet in a report on Thursday. Three equities research 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 stock. According to data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and a consensus price target of $301.32.

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.