Jackson Thornton Wealth Management LLC Purchases 265 Shares of Alphabet Inc. $GOOGL

Jackson Thornton Wealth Management LLC boosted its position in Alphabet Inc. (NASDAQ:GOOGL) by 6.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,363 shares of the information services provider’s stock after purchasing an additional 265 shares during the quarter. Jackson Thornton Wealth Management LLC’s holdings in Alphabet were worth $761,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. DecisionMap Wealth Management LLC raised its holdings in Alphabet by 7.1% in the second quarter. DecisionMap Wealth Management LLC now owns 7,827 shares of the information services provider’s stock worth $1,379,000 after purchasing an additional 516 shares in the last quarter. Divergent Planning LLC bought a new position in Alphabet in the second quarter worth about $6,906,000. Syntegra Private Wealth Group LLC grew its stake in Alphabet by 40.1% during the 2nd quarter. Syntegra Private Wealth Group LLC now owns 7,166 shares of the information services provider’s stock worth $1,263,000 after buying an additional 2,052 shares during the last quarter. Probity Advisors Inc. grew its stake in Alphabet by 5.9% during the 2nd quarter. Probity Advisors Inc. now owns 9,100 shares of the information services provider’s stock worth $1,604,000 after buying an additional 505 shares during the last quarter. Finally, Mid American Wealth Advisory Group Inc. purchased a new position in Alphabet during the 2nd quarter worth $221,000. 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 company’s 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 sale, the chief accounting officer owned 14,516 shares in the company, valued at $3,629,725.80. This represents a 16.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer owned 2,369,619 shares in the company, valued at $592,760,192.85. The trade was a 1.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 246,150 shares of company stock valued at $55,805,379. 11.64% of the stock is owned by insiders.

Alphabet Price Performance

Shares of NASDAQ:GOOGL opened at $281.31 on Friday. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $291.59. The company’s 50 day moving average is $244.00 and its 200 day moving average is $199.68. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. The company has a market cap of $3.40 trillion, a PE ratio of 27.74, a price-to-earnings-growth ratio of 1.86 and a beta of 1.00.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, topping 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 company had revenue of $102.35 billion for the quarter, compared to the consensus estimate of $99.90 billion. On average, sell-side analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Oppenheimer boosted their target price on Alphabet from $270.00 to $300.00 and gave the stock an “outperform” rating in a research note on Monday, October 20th. Rosenblatt Securities boosted their target price on Alphabet from $224.00 to $279.00 and gave the stock a “neutral” rating in a research note on Thursday. Barclays restated an “overweight” rating and set a $315.00 target price (up from $250.00) on shares of Alphabet in a research note on Thursday. Citizens Jmp raised their price target on shares of Alphabet from $250.00 to $290.00 and gave the stock an “outperform” rating in a report on Friday, September 19th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $330.00 price target (up previously from $285.00) on shares of Alphabet in a report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price 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.