Alphabet Inc. $GOOG Shares Sold by Boyd Watterson Asset Management LLC OH

Boyd Watterson Asset Management LLC OH trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 16,820 shares of the information services provider’s stock after selling 60 shares during the period. Alphabet accounts for approximately 0.9% of Boyd Watterson Asset Management LLC OH’s holdings, making the stock its 28th largest holding. Boyd Watterson Asset Management LLC OH’s holdings in Alphabet were worth $2,984,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. IFS Advisors LLC raised its stake in shares of Alphabet by 400.0% during the 2nd quarter. IFS Advisors LLC now owns 150 shares of the information services provider’s stock worth $27,000 after buying an additional 120 shares during the period. Robbins Farley raised its stake in shares of Alphabet by 60.0% during the 2nd quarter. Robbins Farley now owns 160 shares of the information services provider’s stock worth $28,000 after buying an additional 60 shares during the period. WestEnd Advisors LLC raised its stake in shares of Alphabet by 58.7% during the 2nd quarter. WestEnd Advisors LLC now owns 165 shares of the information services provider’s stock worth $29,000 after buying an additional 61 shares during the period. Fairman Group LLC raised its stake in shares of Alphabet by 121.3% during the 2nd quarter. Fairman Group LLC now owns 177 shares of the information services provider’s stock worth $31,000 after buying an additional 97 shares during the period. Finally, Greykasell Wealth Strategies Inc. acquired a new position in shares of Alphabet during the 1st quarter worth approximately $32,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Alphabet Trading Up 2.4%

Shares of GOOG stock opened at $281.90 on Friday. 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 $291.93. The company’s 50-day moving average price is $243.09 and its 200-day moving average price is $199.85. The stock has a market cap of $3.41 trillion, a price-to-earnings ratio of 27.80, a PEG ratio of 1.86 and a beta of 1.00.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Wednesday, October 29th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.58. Alphabet had a net margin of 32.23% and a return on equity of 36.08%. The firm had revenue of $102.35 billion during the quarter, compared to analysts’ expectations of $99.90 billion. During the same period last year, the business earned $2.12 earnings per share. Alphabet’s revenue was up 15.9% compared to the same quarter last year. As a group, equities analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on GOOG shares. TD Cowen upped their target price on Alphabet from $270.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. BMO Capital Markets reissued an “outperform” rating and issued a $340.00 price objective on shares of Alphabet in a research note on Thursday. Piper Sandler increased their price objective on Alphabet from $285.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday. HSBC reissued a “buy” rating and issued a $335.00 price objective on shares of Alphabet in a research note on Thursday. Finally, Phillip Securities downgraded Alphabet from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, September 8th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and a consensus target price of $324.81.

Insider Buying and Selling at Alphabet

In other news, insider John Kent Walker sold 17,816 shares of Alphabet stock in a transaction that occurred 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 owned 42,985 shares of the company’s stock, valued at approximately $10,635,348.70. The trade was a 29.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John L. Hennessy sold 600 shares of the company’s stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $242.92, for a total value of $145,752.00. Following the completion of the transaction, the director owned 5,116 shares in the company, valued at $1,242,778.72. This represents a 10.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 246,150 shares of company stock worth $55,805,379. Insiders own 12.99% of the company’s stock.

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.