Sebold Capital Management Inc. Increases Stake in Alphabet Inc. $GOOG

Sebold Capital Management Inc. increased its holdings in Alphabet Inc. (NASDAQ:GOOG) by 9.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,818 shares of the information services provider’s stock after purchasing an additional 248 shares during the period. Sebold Capital Management Inc.’s holdings in Alphabet were worth $500,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Regal Partners Ltd boosted its stake in shares of Alphabet by 6,670.0% in the 2nd quarter. Regal Partners Ltd now owns 246,158 shares of the information services provider’s stock valued at $43,666,000 after purchasing an additional 242,522 shares in the last quarter. Plato Investment Management Ltd boosted its stake in shares of Alphabet by 1.4% in the 2nd quarter. Plato Investment Management Ltd now owns 120,309 shares of the information services provider’s stock valued at $21,263,000 after purchasing an additional 1,679 shares in the last quarter. Atlas Private Wealth Advisors boosted its position in Alphabet by 1.6% during the 2nd quarter. Atlas Private Wealth Advisors now owns 20,395 shares of the information services provider’s stock valued at $3,619,000 after buying an additional 329 shares during the period. Aviance Capital Partners LLC boosted its position in Alphabet by 0.5% during the 2nd quarter. Aviance Capital Partners LLC now owns 17,822 shares of the information services provider’s stock valued at $3,162,000 after buying an additional 86 shares during the period. Finally, Lifeworks Advisors LLC boosted its position in Alphabet by 6.0% during the 2nd quarter. Lifeworks Advisors LLC now owns 1,673 shares of the information services provider’s stock valued at $297,000 after buying an additional 95 shares during the period. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $229.73, for a total transaction of $7,466,225.00. Following the completion of the transaction, the chief executive officer directly owned 2,429,892 shares of the company’s stock, valued at $558,219,089.16. This trade represents a 1.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 2,778 shares of Alphabet stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $245.00, for a total transaction of $680,610.00. Following the transaction, the chief accounting officer directly owned 17,293 shares of the company’s stock, valued at approximately $4,236,785. This trade represents a 13.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 222,442 shares of company stock valued at $51,200,307. Insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on GOOG shares. Canaccord Genuity Group reissued a “buy” rating and set a $330.00 price target on shares of Alphabet in a research report on Thursday. BMO Capital Markets reissued an “outperform” rating and set a $340.00 price target on shares of Alphabet in a research report on Thursday. Cowen reissued a “buy” rating on shares of Alphabet in a research report on Thursday. Pivotal Research increased their price target on shares of Alphabet from $300.00 to $350.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Finally, Mizuho set a $325.00 price target on shares of Alphabet in a research report on Thursday. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $324.81.

Alphabet Trading Up 0.8%

NASDAQ:GOOG opened at $284.12 on Tuesday. The company has a 50-day moving average price of $246.09 and a 200-day moving average price of $202.22. Alphabet Inc. has a 12 month low of $142.66 and a 12 month high of $291.93. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. The stock has a market cap of $3.44 trillion, a price-to-earnings ratio of 28.02, a P/E/G ratio of 1.86 and a beta of 1.00.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Wednesday, October 29th. The information services provider reported $2.87 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 company posted $2.12 EPS. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. Equities analysts predict that Alphabet Inc. will post 8.89 EPS for the current year.

Alphabet 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.