Alphabet Inc. $GOOGL Shares Bought by White Lighthouse Investment Management Inc.

White Lighthouse Investment Management Inc. grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 5.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 8,483 shares of the information services provider’s stock after acquiring an additional 461 shares during the period. White Lighthouse Investment Management Inc.’s holdings in Alphabet were worth $1,495,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Guardian Wealth Management Inc. lifted its holdings 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 valued at $26,000 after purchasing an additional 119 shares in the last quarter. IMA Advisory Services Inc. bought a new position in Alphabet during the first quarter valued at about $28,000. von Borstel & Associates Inc. bought a new position in Alphabet during the first quarter valued at about $28,000. NBZ Investment Advisors LLC raised its holdings in Alphabet by 85.7% during the first quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider’s stock valued at $30,000 after buying an additional 90 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. grew its position in shares of Alphabet by 36.4% in the second quarter. CarsonAllaria Wealth Management Ltd. now owns 251 shares of the information services provider’s stock valued at $44,000 after purchasing an additional 67 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Activity

In other news, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $250.15, for a total value of $8,129,875.00. Following the transaction, the chief executive officer directly owned 2,369,619 shares of the company’s stock, valued at $592,760,192.85. This represents a 1.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frances Arnold sold 103 shares of the stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $243.13, for a total transaction of $25,042.39. Following the completion of the transaction, the director directly owned 17,284 shares in the company, valued at $4,202,258.92. The trade was a 0.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 222,330 shares of company stock valued at $51,167,625. 11.64% of the stock is owned by corporate insiders.

Alphabet Stock Performance

Shares of GOOGL stock opened at $281.31 on Monday. The company’s fifty day simple moving average is $244.00 and its 200-day simple moving average is $200.31. 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 firm has a market cap of $3.40 trillion, a PE ratio of 27.74, a P/E/G ratio of 1.86 and a beta of 1.00. Alphabet Inc. has a 12 month low of $140.53 and a 12 month high of $291.59.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Wednesday, October 29th. The information services provider reported $2.87 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.58. The business had revenue of $102.35 billion for the quarter, compared to analyst estimates of $99.90 billion. Alphabet had a net margin of 32.23% and a return on equity of 36.08%. Equities research analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Hsbc Global Res upgraded shares of Alphabet to a “strong-buy” rating in a research note on Tuesday, October 7th. China Renaissance upped their target price on shares of Alphabet from $207.00 to $330.00 and gave the stock a “buy” rating in a report on Friday. The Goldman Sachs Group upped their price objective on Alphabet from $288.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday. Evercore ISI lifted their price target on shares of Alphabet from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Rosenblatt Securities lifted their price target on shares of Alphabet from $224.00 to $279.00 and gave the stock a “neutral” rating in a research report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $302.20.

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.