Moser Wealth Advisors LLC Has $2.09 Million Holdings in Alphabet Inc. $GOOGL

Moser Wealth Advisors LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 8.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,839 shares of the information services provider’s stock after purchasing an additional 884 shares during the period. Alphabet accounts for 1.0% of Moser Wealth Advisors LLC’s holdings, making the stock its 24th biggest holding. Moser Wealth Advisors LLC’s holdings in Alphabet were worth $2,086,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of GOOGL. Guardian Wealth Management Inc. lifted its holdings in 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 buying an additional 119 shares during the period. von Borstel & Associates Inc. acquired a new position in Alphabet in the first quarter valued at $28,000. IMA Advisory Services Inc. acquired a new position in Alphabet in the first quarter valued at $28,000. NBZ Investment Advisors LLC lifted its holdings in Alphabet by 85.7% in 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 during the period. Finally, Financial Gravity Asset Management Inc. acquired a new position in Alphabet in the first quarter valued at $39,000. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, insider John Kent Walker sold 17,816 shares of the company’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $247.42, for a total value of $4,408,034.72. Following the completion of the sale, the insider directly owned 42,985 shares of the company’s stock, valued at approximately $10,635,348.70. This represents a 29.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $229.73, for a total transaction of $7,466,225.00. Following the completion of the sale, the chief executive officer directly owned 2,429,892 shares of the company’s stock, valued at $558,219,089.16. The trade was a 1.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 222,442 shares of company stock worth $51,200,307 in the last quarter. 11.64% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. DA Davidson boosted their target price on shares of Alphabet from $190.00 to $300.00 and gave the company a “neutral” rating in a report on Thursday, October 30th. JMP Securities reiterated a “market outperform” rating and set a $290.00 target price on shares of Alphabet in a research report on Wednesday, October 22nd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Alphabet from $260.00 to $340.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. BMO Capital Markets set a $294.00 target price on shares of Alphabet and gave the company an “outperform” rating in a research report on Thursday, October 9th. Finally, Wall Street Zen upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a report on Saturday. Three research 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $302.20.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $283.72 on Tuesday. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $291.59. The stock has a market cap of $3.43 trillion, a price-to-earnings ratio of 27.98, 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. The firm’s 50-day simple moving average is $245.50 and its 200 day simple moving average is $201.24.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, beating 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 business had revenue of $102.35 billion for the quarter, compared to analysts’ expectations of $99.90 billion. As a group, research analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Alphabet Profile

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.