SS&H Financial Advisors Inc. Has $4.54 Million Position in Alphabet Inc. $GOOG

SS&H Financial Advisors Inc. reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 16.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 25,585 shares of the information services provider’s stock after selling 4,950 shares during the quarter. Alphabet comprises about 1.5% of SS&H Financial Advisors Inc.’s investment portfolio, making the stock its 14th largest position. SS&H Financial Advisors Inc.’s holdings in Alphabet were worth $4,539,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. REDW Wealth LLC grew its position in shares of Alphabet by 2.3% during the 2nd quarter. REDW Wealth LLC now owns 2,410 shares of the information services provider’s stock worth $428,000 after buying an additional 54 shares during the period. ACT Advisors LLC. grew its position in shares of Alphabet by 3.5% during the 2nd quarter. ACT Advisors LLC. now owns 1,625 shares of the information services provider’s stock worth $288,000 after buying an additional 55 shares during the period. Moser Wealth Advisors LLC grew its position in shares of Alphabet by 2.2% during the 2nd quarter. Moser Wealth Advisors LLC now owns 2,545 shares of the information services provider’s stock worth $451,000 after buying an additional 55 shares during the period. LongView Wealth Management grew its position in shares of Alphabet by 1.1% in the 2nd quarter. LongView Wealth Management now owns 5,126 shares of the information services provider’s stock valued at $909,000 after purchasing an additional 56 shares during the period. Finally, Kooman & Associates increased its stake in Alphabet by 1.4% during the 2nd quarter. Kooman & Associates now owns 4,127 shares of the information services provider’s stock worth $732,000 after purchasing an additional 56 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was 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 owned 2,429,892 shares of the company’s stock, valued at $558,219,089.16. This represents a 1.32% decrease in their position. The transaction 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 company’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $247.42, for a total value of $4,408,034.72. Following the transaction, the insider directly owned 42,985 shares of the company’s stock, valued at approximately $10,635,348.70. This trade represents a 29.30% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 222,442 shares of company stock worth $51,200,307. Insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

GOOG has been the subject of a number of research reports. Raymond James Financial set a $275.00 target price on Alphabet and gave the stock an “outperform” rating in a research note on Friday, October 24th. Robert W. Baird increased their target price on Alphabet from $215.00 to $275.00 and gave the stock an “outperform” rating in a research note on Monday, September 22nd. HSBC reaffirmed a “buy” rating and issued a $335.00 target price on shares of Alphabet in a research note on Thursday. Mizuho set a $325.00 target price on shares of Alphabet in a research note on Thursday. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $340.00 target price on shares of Alphabet in a research note on Thursday. Five 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 stock. According to data from MarketBeat.com, the stock 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. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $291.93. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. The business has a 50 day moving average price of $246.09 and a two-hundred day moving average price of $202.22. The company has a market cap of $3.44 trillion, a P/E ratio of 28.02, a price-to-earnings-growth ratio of 1.86 and a beta of 1.00.

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

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.