180 Wealth Advisors LLC Has $6.77 Million Stock Holdings in Alphabet Inc. $GOOG

180 Wealth Advisors LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 38,157 shares of the information services provider’s stock after buying an additional 691 shares during the quarter. Alphabet makes up approximately 0.9% of 180 Wealth Advisors LLC’s holdings, making the stock its 19th largest holding. 180 Wealth Advisors LLC’s holdings in Alphabet were worth $6,769,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of GOOG. Kingstone Capital Partners Texas LLC lifted its holdings in Alphabet by 580,897.4% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 135,087,705 shares of the information services provider’s stock worth $23,963,208,000 after buying an additional 135,064,454 shares in the last quarter. Nuveen LLC acquired a new position in shares of Alphabet in the 1st quarter valued at $2,622,943,000. Vanguard Group Inc. lifted its stake in shares of Alphabet by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 411,570,922 shares of the information services provider’s stock valued at $64,299,725,000 after purchasing an additional 9,687,855 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Alphabet by 9.9% in the 1st quarter. JPMorgan Chase & Co. now owns 102,232,997 shares of the information services provider’s stock valued at $15,971,861,000 after purchasing an additional 9,243,959 shares during the period. Finally, Strs Ohio acquired a new position in shares of Alphabet in the 1st quarter valued at $369,713,000. Institutional investors and hedge funds own 27.26% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on GOOG shares. Cowen reissued a “buy” rating on shares of Alphabet in a research note on Wednesday, October 8th. Mizuho raised Alphabet to a “strong-buy” rating in a research note on Monday, September 29th. Hsbc Global Res upgraded shares of Alphabet to a “strong-buy” rating in a research report on Tuesday, October 7th. Scotiabank restated an “outperform” rating and issued a $310.00 price objective on shares of Alphabet in a research report on Thursday, October 16th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a research report on Friday. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and an average price target of $249.68.

Alphabet Price Performance

GOOG stock opened at $260.51 on Monday. The stock has a 50-day moving average price of $237.33 and a two-hundred day moving average price of $196.91. The stock has a market cap of $3.15 trillion, a PE ratio of 27.74, a price-to-earnings-growth ratio of 1.76 and a beta of 1.00. 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 1 year low of $142.66 and a 1 year high of $262.51.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 2,778 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $245.00, for a total value of $680,610.00. Following the completion of the transaction, the chief accounting officer owned 17,293 shares in the company, valued at $4,236,785. This trade represents a 13.84% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Kent Walker sold 23,820 shares of the firm’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $194.70, for a total value of $4,637,754.00. Following the completion of the transaction, the insider owned 42,999 shares of the company’s stock, valued at $8,371,905.30. The trade was a 35.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold 246,150 shares of company stock worth $55,805,379 in the last quarter. Corporate 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.