Syntegra Private Wealth Group LLC Purchases 2,052 Shares of Alphabet Inc. $GOOGL

Syntegra Private Wealth Group LLC grew its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 40.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,166 shares of the information services provider’s stock after buying an additional 2,052 shares during the period. Syntegra Private Wealth Group LLC’s holdings in Alphabet were worth $1,263,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Guardian Wealth Management Inc. increased its position in shares of Alphabet by 242.9% in the first quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider’s stock worth $26,000 after purchasing an additional 119 shares during the period. von Borstel & Associates Inc. bought a new position in shares of Alphabet in the first quarter worth $28,000. IMA Advisory Services Inc. bought a new position in shares of Alphabet in the first quarter worth $28,000. NBZ Investment Advisors LLC increased its position in shares of Alphabet by 85.7% in the first quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider’s stock worth $30,000 after purchasing an additional 90 shares during the period. Finally, Financial Gravity Asset Management Inc. bought a new position in shares of Alphabet in the first quarter worth $39,000. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Performance

Shares of GOOGL stock opened at $281.31 on Friday. The business’s 50-day moving average price is $244.00 and its 200-day moving average price is $199.68. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $291.59. The firm has a market capitalization of $3.40 trillion, a price-to-earnings ratio of 27.74, a PEG ratio of 1.86 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 (NASDAQ:GOOGL) last announced its quarterly earnings results on Wednesday, October 29th. The information services provider reported $2.87 EPS 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 for the quarter, compared to analyst estimates of $99.90 billion. Equities research analysts forecast that Alphabet Inc. will post 8.9 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GOOGL. CICC Research lifted their price objective on shares of Alphabet from $240.00 to $303.00 and gave the company an “outperform” rating in a research note on Friday. Phillip Securities cut shares of Alphabet from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, September 8th. Cantor Fitzgerald lifted their price objective on shares of Alphabet from $265.00 to $310.00 and gave the company a “neutral” rating in a research note on Thursday. CIBC lifted their price objective on shares of Alphabet to $315.00 in a research note on Monday, October 20th. Finally, New Street Research lifted their target price on Alphabet from $275.00 to $295.00 in a research report on Friday, October 24th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $301.98.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 2,778 shares of Alphabet stock in a transaction on Monday, September 15th. The shares were sold at an average price of $245.00, for a total transaction of $680,610.00. Following the transaction, the chief accounting officer owned 17,293 shares in the company, valued at approximately $4,236,785. The trade was a 13.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Kent Walker sold 23,820 shares of Alphabet stock in a transaction on Monday, August 4th. The stock was sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the transaction, the insider owned 42,999 shares in the company, valued at approximately $8,371,905.30. This trade represents a 35.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 246,150 shares of company stock worth $55,805,379. Company 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.