Darden Wealth Group Inc Has $2.54 Million Holdings in Alphabet Inc. $GOOG

Darden Wealth Group Inc lowered its stake in Alphabet Inc. (NASDAQ:GOOG) by 2.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,318 shares of the information services provider’s stock after selling 390 shares during the period. Alphabet makes up approximately 1.5% of Darden Wealth Group Inc’s holdings, making the stock its 12th biggest position. Darden Wealth Group Inc’s holdings in Alphabet were worth $2,540,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in shares of Alphabet by 5.6% during the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock valued at $22,901,000 after acquiring an additional 6,410 shares in the last quarter. Revisor Wealth Management LLC boosted its holdings in shares of Alphabet by 107.9% in the 1st quarter. Revisor Wealth Management LLC now owns 3,659 shares of the information services provider’s stock worth $572,000 after acquiring an additional 1,899 shares in the last quarter. Golden State Wealth Management LLC boosted its holdings in shares of Alphabet by 6.2% in the 1st quarter. Golden State Wealth Management LLC now owns 10,160 shares of the information services provider’s stock worth $1,587,000 after acquiring an additional 594 shares in the last quarter. Guardian Asset Advisors LLC boosted its holdings in shares of Alphabet by 7.5% in the 1st quarter. Guardian Asset Advisors LLC now owns 14,525 shares of the information services provider’s stock worth $2,272,000 after acquiring an additional 1,009 shares in the last quarter. Finally, Westfuller Advisors LLC boosted its holdings in shares of Alphabet by 50.2% in the 1st quarter. Westfuller Advisors LLC now owns 4,303 shares of the information services provider’s stock worth $672,000 after acquiring an additional 1,439 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Activity at Alphabet

In related news, Director Frances Arnold sold 103 shares of the firm’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $243.13, for a total transaction of $25,042.39. Following the sale, the director directly owned 17,284 shares in the company, valued at $4,202,258.92. This trade represents a 0.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John Kent Walker sold 17,816 shares of the firm’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $247.42, for a total transaction of $4,408,034.72. Following the sale, the insider owned 42,985 shares in the company, valued at approximately $10,635,348.70. The trade was a 29.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 246,150 shares of company stock valued at $55,805,379 over the last 90 days. Insiders own 12.99% of the company’s stock.

Alphabet Trading Up 3.6%

NASDAQ GOOG opened at $269.93 on Tuesday. The firm has a market cap of $3.26 trillion, a P/E ratio of 28.75, a P/E/G ratio of 1.76 and a beta of 1.00. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. The stock’s 50-day moving average is $238.65 and its 200-day moving average is $197.67. Alphabet Inc. has a one year low of $142.66 and a one year high of $270.80.

Analysts Set New Price Targets

GOOG has been the topic of several recent analyst reports. DA Davidson set a $825.00 target price on Alphabet in a report on Monday. Barclays reissued a “buy” rating on shares of Alphabet in a report on Wednesday, July 9th. Scotiabank restated an “outperform” rating and issued a $310.00 price objective on shares of Alphabet in a research report on Thursday, October 16th. Raymond James Financial set a $275.00 price objective on shares of Alphabet and gave the stock an “outperform” rating in a research report on Friday. Finally, Robert W. Baird boosted their price objective on shares of Alphabet from $215.00 to $275.00 and gave the stock an “outperform” rating in a research report on Monday, September 22nd. Six analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $280.45.

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.