Rational Advisors Inc. Invests $632,000 in Alphabet Inc. $GOOG

Rational Advisors Inc. purchased a new stake in shares of Alphabet Inc. (NASDAQ:GOOG) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 3,564 shares of the information services provider’s stock, valued at approximately $632,000.

A number of other hedge funds have also added to or reduced their stakes in GOOG. MorganRosel Wealth Management LLC acquired a new position in Alphabet during the 1st quarter valued at about $26,000. IFS Advisors LLC boosted its stake in Alphabet by 400.0% during the 2nd quarter. IFS Advisors LLC now owns 150 shares of the information services provider’s stock valued at $27,000 after purchasing an additional 120 shares during the last quarter. Robbins Farley boosted its stake in Alphabet by 60.0% during the 2nd quarter. Robbins Farley now owns 160 shares of the information services provider’s stock valued at $28,000 after purchasing an additional 60 shares during the last quarter. WestEnd Advisors LLC boosted its stake in Alphabet by 58.7% during the 2nd quarter. WestEnd Advisors LLC now owns 165 shares of the information services provider’s stock valued at $29,000 after purchasing an additional 61 shares during the last quarter. Finally, Fairman Group LLC boosted its stake in Alphabet by 121.3% during the 2nd quarter. Fairman Group LLC now owns 177 shares of the information services provider’s stock valued at $31,000 after purchasing an additional 97 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Alphabet Trading Up 3.6%

Shares of GOOG stock opened at $269.93 on Tuesday. The company’s fifty day simple moving average is $238.65 and its two-hundred day simple moving average is $197.67. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.90 and a quick ratio of 1.90. Alphabet Inc. has a 1 year low of $142.66 and a 1 year high of $270.80. The stock has a market capitalization of $3.26 trillion, a price-to-earnings ratio of 28.75, a PEG ratio of 1.76 and a beta of 1.00.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director John L. Hennessy sold 600 shares of the business’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $242.92, for a total transaction of $145,752.00. Following the sale, the director owned 5,116 shares of the company’s stock, valued at $1,242,778.72. The trade was a 10.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider John Kent Walker sold 17,816 shares of the business’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $247.42, for a total transaction of $4,408,034.72. Following the sale, the insider directly owned 42,985 shares in the company, valued at $10,635,348.70. The trade was a 29.30% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 246,150 shares of company stock worth $55,805,379. Company insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Morgan Stanley boosted their target price on Alphabet from $210.00 to $270.00 and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Barclays restated a “buy” rating on shares of Alphabet in a research note on Wednesday, July 9th. KeyCorp set a $265.00 target price on Alphabet in a research note on Wednesday, September 3rd. Lake Street Capital restated a “buy” rating on shares of Alphabet in a research note on Wednesday, July 9th. Finally, Mizuho upgraded Alphabet to a “strong-buy” rating in a research note on Monday, September 29th. Six equities research 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $280.45.

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.