Frazier Financial Advisors LLC Purchases 117 Shares of Alphabet Inc. $GOOGL

Frazier Financial Advisors LLC lifted its position in Alphabet Inc. (NASDAQ:GOOGL) by 8.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,560 shares of the information services provider’s stock after acquiring an additional 117 shares during the quarter. Frazier Financial Advisors LLC’s holdings in Alphabet were worth $275,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in GOOGL. Guardian Wealth Management Inc. raised 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 acquiring an additional 119 shares in the last quarter. von Borstel & Associates Inc. bought a new stake in shares of Alphabet in the first quarter valued at about $28,000. IMA Advisory Services Inc. bought a new position in Alphabet in the first quarter worth about $28,000. NBZ Investment Advisors LLC raised 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 worth $30,000 after purchasing an additional 90 shares in the last quarter. Finally, Financial Gravity Asset Management Inc. purchased a new stake in shares of Alphabet during the first quarter valued at about $39,000. 40.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GOOGL has been the topic of a number of analyst reports. Piper Sandler lifted their price objective on shares of Alphabet from $220.00 to $285.00 and gave the stock an “overweight” rating in a research report on Thursday, September 18th. Sanford C. Bernstein lifted their price objective on shares of Alphabet from $210.00 to $260.00 and gave the stock a “market perform” rating in a research report on Wednesday. Guggenheim reaffirmed a “buy” rating and issued a $280.00 price objective (up previously from $210.00) on shares of Alphabet in a research report on Friday, October 17th. Cantor Fitzgerald lifted their price objective on shares of Alphabet from $201.00 to $265.00 and gave the stock a “neutral” rating in a research report on Monday, October 13th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Alphabet in a research report on Tuesday, October 14th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and a consensus price target of $263.20.

Insider Buying and Selling 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 stock was sold at an average price of $250.05, for a total transaction of $694,638.90. Following the sale, the chief accounting officer owned 14,516 shares in the company, valued at approximately $3,629,725.80. The trade was a 16.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Kent Walker sold 17,816 shares of the company’s stock in a transaction that occurred on 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 owned 42,985 shares in the company, valued at approximately $10,635,348.70. This represents a 29.30% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 246,150 shares of company stock valued at $55,805,379. Insiders own 11.64% of the company’s stock.

Alphabet Price Performance

Shares of GOOGL stock opened at $259.92 on Friday. Alphabet Inc. has a fifty-two week low of $140.53 and a fifty-two week high of $261.68. The firm has a market capitalization of $3.14 trillion, a price-to-earnings ratio of 27.68, a PEG ratio of 1.71 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 stock’s 50-day simple moving average is $236.72 and its 200-day simple moving average is $195.25.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.16. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.The business had revenue of $96.43 billion for the quarter, compared to analyst estimates of $93.60 billion. As a group, equities analysts forecast that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

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.