DecisionMap Wealth Management LLC Has $1.38 Million Position in Alphabet Inc. $GOOGL

DecisionMap Wealth Management LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 7.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,827 shares of the information services provider’s stock after purchasing an additional 516 shares during the quarter. Alphabet accounts for about 0.9% of DecisionMap Wealth Management LLC’s portfolio, making the stock its 28th biggest position. DecisionMap Wealth Management LLC’s holdings in Alphabet were worth $1,379,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Divergent Planning LLC acquired a new stake in shares of Alphabet during the second quarter worth about $6,906,000. Syntegra Private Wealth Group LLC raised its position in shares of Alphabet by 40.1% during the second quarter. Syntegra Private Wealth Group LLC now owns 7,166 shares of the information services provider’s stock worth $1,263,000 after purchasing an additional 2,052 shares during the period. Probity Advisors Inc. raised its position in shares of Alphabet by 5.9% during the second quarter. Probity Advisors Inc. now owns 9,100 shares of the information services provider’s stock worth $1,604,000 after purchasing an additional 505 shares during the period. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Alphabet during the second quarter worth about $221,000. Finally, LGT Financial Advisors LLC grew its holdings in shares of Alphabet by 6.5% during the second quarter. LGT Financial Advisors LLC now owns 1,079 shares of the information services provider’s stock worth $190,000 after buying an additional 66 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Alphabet Stock Down 0.1%

GOOGL stock opened at $281.31 on Friday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. The business has a 50 day moving average price of $244.00 and a two-hundred day moving average price of $199.68. The company has a market cap of $3.40 trillion, a price-to-earnings ratio of 27.74, a P/E/G ratio of 1.86 and a beta of 1.00. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $291.59.

Alphabet (NASDAQ:GOOGL) last posted its quarterly 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. The firm had revenue of $102.35 billion during the quarter, compared to the consensus estimate of $99.90 billion. Alphabet had a return on equity of 36.08% and a net margin of 32.23%. Analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Insider Transactions at Alphabet

In other news, CEO Sundar Pichai sold 32,500 shares of Alphabet 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. The trade was a 1.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider John Kent Walker sold 23,820 shares of Alphabet stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $194.70, for a total value of $4,637,754.00. Following the transaction, the insider owned 42,999 shares of the company’s stock, valued at $8,371,905.30. This represents a 35.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 246,150 shares of company stock worth $55,805,379. 11.64% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on GOOGL. DA Davidson increased their price objective on Alphabet from $190.00 to $300.00 and gave the stock a “neutral” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft increased their price objective on Alphabet from $260.00 to $340.00 and gave the stock a “buy” rating in a report on Thursday. BMO Capital Markets set a $294.00 price objective on Alphabet and gave the stock an “outperform” rating in a report on Thursday, October 9th. Citigroup reiterated a “buy” rating and set a $343.00 price objective (up from $280.00) on shares of Alphabet in a report on Thursday. Finally, The Goldman Sachs Group increased their price objective on Alphabet from $288.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $301.98.

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.