Warburton Capital Management LLC Buys 832 Shares of Alphabet Inc. $GOOG

Warburton Capital Management LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 25.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,044 shares of the information services provider’s stock after purchasing an additional 832 shares during the quarter. Alphabet comprises 0.5% of Warburton Capital Management LLC’s holdings, making the stock its 19th largest holding. Warburton Capital Management LLC’s holdings in Alphabet were worth $794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in GOOG. Brighton Jones LLC boosted its position in Alphabet by 5.6% during the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock valued at $22,901,000 after purchasing an additional 6,410 shares in the last quarter. Revisor Wealth Management LLC boosted its position in Alphabet by 107.9% during the first quarter. Revisor Wealth Management LLC now owns 3,659 shares of the information services provider’s stock valued at $572,000 after purchasing an additional 1,899 shares in the last quarter. GAMMA Investing LLC boosted its position in Alphabet by 19.5% during the first quarter. GAMMA Investing LLC now owns 91,681 shares of the information services provider’s stock valued at $14,323,000 after purchasing an additional 14,931 shares in the last quarter. Primoris Wealth Advisors LLC boosted its holdings in Alphabet by 0.4% in the first quarter. Primoris Wealth Advisors LLC now owns 16,800 shares of the information services provider’s stock worth $2,625,000 after acquiring an additional 75 shares in the last quarter. Finally, Tranquility Partners LLC boosted its holdings in Alphabet by 0.4% in the first quarter. Tranquility Partners LLC now owns 14,488 shares of the information services provider’s stock worth $2,263,000 after acquiring an additional 63 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Alphabet Trading Up 2.7%

Shares of NASDAQ:GOOG opened at $260.51 on Friday. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $262.51. The stock has a market cap of $3.15 trillion, a price-to-earnings ratio of 27.74, a PEG ratio of 1.76 and a beta of 1.00. 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 business has a 50-day moving average price of $237.33 and a 200-day moving average price of $196.66.

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Barclays reissued a “buy” rating on shares of Alphabet in a report on Wednesday, July 9th. Oppenheimer set a $300.00 price target on Alphabet and gave the stock an “outperform” rating in a report on Monday, October 20th. Wells Fargo & Company reissued an “equal weight” rating on shares of Alphabet in a report on Wednesday, July 9th. Morgan Stanley raised their price target on Alphabet from $210.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a report on Friday. Six research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $249.68.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 2,778 shares of Alphabet stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $245.00, for a total transaction of $680,610.00. Following the completion of the transaction, the chief accounting officer directly owned 17,293 shares in the company, valued at approximately $4,236,785. This trade represents a 13.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Kent Walker sold 23,820 shares of Alphabet stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $194.70, for a total value of $4,637,754.00. Following the transaction, the insider owned 42,999 shares of the company’s stock, valued at approximately $8,371,905.30. This represents a 35.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 246,150 shares of company stock worth $55,805,379. 12.99% of the stock is owned by corporate 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.