Alphabet Inc. $GOOG Shares Purchased by Yukon Wealth Management Inc.

Yukon Wealth Management Inc. raised its stake in Alphabet Inc. (NASDAQ:GOOG) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,660 shares of the information services provider’s stock after purchasing an additional 164 shares during the period. Alphabet comprises 1.4% of Yukon Wealth Management Inc.’s investment portfolio, making the stock its 17th biggest position. Yukon Wealth Management Inc.’s holdings in Alphabet were worth $3,842,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of GOOG. Brighton Jones LLC raised its position in Alphabet by 5.6% in the 4th 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 raised its position in Alphabet by 107.9% in the 1st 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. Golden State Wealth Management LLC raised its position in 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 valued at $1,587,000 after purchasing an additional 594 shares in the last quarter. Waterfront Wealth Inc. raised its position in Alphabet by 1.9% in the 1st quarter. Waterfront Wealth Inc. now owns 4,695 shares of the information services provider’s stock valued at $734,000 after purchasing an additional 89 shares in the last quarter. Finally, Crown Wealth Group LLC raised its position in Alphabet by 1.5% in the 1st quarter. Crown Wealth Group LLC now owns 5,595 shares of the information services provider’s stock valued at $874,000 after purchasing an additional 82 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 2,778 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $250.05, for a total value of $694,638.90. Following the completion of 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Kent Walker sold 17,816 shares of the business’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 of the company’s stock, valued at approximately $10,635,348.70. This represents a 29.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 246,150 shares of company stock valued at $55,805,379 in the last 90 days. Company insiders own 12.99% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $268.43 on Wednesday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $271.38. The stock has a 50 day moving average of $239.97 and a two-hundred day moving average of $198.46. The stock has a market cap of $3.25 trillion, a P/E ratio of 28.59, a P/E/G ratio of 1.82 and a beta of 1.00.

Analyst Ratings Changes

A number of research analysts have recently commented on GOOG shares. JPMorgan Chase & Co. increased their price objective on Alphabet from $260.00 to $300.00 and gave the company an “overweight” rating in a report on Monday. Wells Fargo & Company reiterated an “equal weight” rating on shares of Alphabet in a report on Wednesday, July 9th. Pivotal Research increased their price objective on Alphabet from $245.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, September 3rd. Phillip Securities downgraded Alphabet from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, September 8th. Finally, Oppenheimer set a $300.00 price objective on Alphabet and gave the company an “outperform” rating in a report on Monday, October 20th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and a consensus 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.