Syntegra Private Wealth Group LLC Has $508,000 Holdings in Alphabet Inc. $GOOG

Syntegra Private Wealth Group LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,866 shares of the information services provider’s stock after purchasing an additional 66 shares during the period. Syntegra Private Wealth Group LLC’s holdings in Alphabet were worth $508,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of GOOG. MorganRosel Wealth Management LLC acquired a new position in shares of Alphabet during the first quarter worth $26,000. IFS Advisors LLC lifted its holdings in Alphabet by 400.0% in the second quarter. IFS Advisors LLC now owns 150 shares of the information services provider’s stock valued at $27,000 after buying an additional 120 shares during the period. Robbins Farley lifted its holdings in Alphabet by 60.0% in the second quarter. Robbins Farley now owns 160 shares of the information services provider’s stock valued at $28,000 after buying an additional 60 shares during the period. WestEnd Advisors LLC lifted its holdings in Alphabet by 58.7% in the second quarter. WestEnd Advisors LLC now owns 165 shares of the information services provider’s stock valued at $29,000 after buying an additional 61 shares during the period. Finally, Fairman Group LLC lifted its holdings in Alphabet by 121.3% in the second quarter. Fairman Group LLC now owns 177 shares of the information services provider’s stock valued at $31,000 after buying an additional 97 shares during the period. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Trading Up 0.5%

GOOG opened at $253.73 on Friday. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $257.88. 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 $3.07 trillion, a P/E ratio of 27.02, a price-to-earnings-growth ratio of 1.70 and a beta of 1.00. The company has a fifty day moving average price of $236.22 and a two-hundred day moving average price of $195.53.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.19. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The firm had revenue of $96.43 billion during the quarter, compared to the consensus estimate of $93.67 billion. During the same period in the previous year, the firm posted $1.89 earnings per share. The business’s revenue was up 13.8% compared to the same quarter last year. Analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on GOOG shares. Scotiabank restated an “outperform” rating and issued a $310.00 target price on shares of Alphabet in a report on Thursday, October 16th. TD Cowen boosted their target price on shares of Alphabet from $270.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Lake Street Capital restated a “buy” rating on shares of Alphabet in a report on Wednesday, July 9th. Citizens Jmp upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 26th. Finally, Cowen restated a “buy” rating on shares of Alphabet in a report on Wednesday, October 8th. Six investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus target price of $246.26.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 2,778 shares of the business’s stock in a transaction dated Wednesday, October 15th. The shares were sold at an average price of $250.05, for a total transaction of $694,638.90. Following the completion of the sale, the chief accounting officer directly owned 14,516 shares of the company’s stock, valued at $3,629,725.80. The trade was a 16.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Sundar Pichai sold 32,500 shares of the business’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $250.15, for a total transaction of $8,129,875.00. Following the sale, the chief executive officer directly owned 2,369,619 shares of the company’s stock, valued at approximately $592,760,192.85. The trade was a 1.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 246,150 shares of company stock valued at $55,805,379. 12.99% of the stock is owned by insiders.

Alphabet Company 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.