Taylor Financial Group Inc. Grows Position in Alphabet Inc. $GOOG

Taylor Financial Group Inc. grew its holdings in Alphabet Inc. (NASDAQ:GOOG) by 4.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 2,225 shares of the information services provider’s stock after buying an additional 100 shares during the quarter. Taylor Financial Group Inc.’s holdings in Alphabet were worth $395,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its stake in Alphabet by 40.6% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 13,030 shares of the information services provider’s stock valued at $2,311,000 after acquiring an additional 3,760 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in Alphabet by 20.4% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 938,973 shares of the information services provider’s stock worth $166,564,000 after purchasing an additional 159,100 shares in the last quarter. Advisory Alpha LLC boosted its holdings in shares of Alphabet by 13.0% during the 2nd quarter. Advisory Alpha LLC now owns 29,374 shares of the information services provider’s stock worth $5,211,000 after purchasing an additional 3,384 shares during the last quarter. Rossby Financial LCC grew its position in shares of Alphabet by 4.7% in the second quarter. Rossby Financial LCC now owns 12,051 shares of the information services provider’s stock valued at $2,138,000 after purchasing an additional 538 shares in the last quarter. Finally, SYM FINANCIAL Corp grew its position in shares of Alphabet by 91.2% in the second quarter. SYM FINANCIAL Corp now owns 3,872 shares of the information services provider’s stock valued at $687,000 after purchasing an additional 1,847 shares in the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wells Fargo & Company reiterated an “equal weight” rating on shares of Alphabet in a research report on Wednesday, July 9th. KeyCorp set a $265.00 price target on Alphabet in a report on Wednesday, September 3rd. Phillip Securities cut shares of Alphabet from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, September 8th. DA Davidson set a $825.00 price objective on shares of Alphabet in a research report on Monday. Finally, Cowen reaffirmed a “buy” rating on shares of Alphabet in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $297.56.

Alphabet Stock Up 2.5%

Shares of GOOG opened at $275.17 on Thursday. The company’s 50-day moving average price is $241.46 and its 200 day moving average price is $199.27. Alphabet Inc. has a 12-month low of $142.66 and a 12-month high of $275.97. 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 firm has a market cap of $3.33 trillion, a P/E ratio of 29.30, a price-to-earnings-growth ratio of 1.81 and a beta of 1.00.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.58. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.12 earnings per share. On average, sell-side analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current year.

Insider Transactions at Alphabet

In other Alphabet news, insider John Kent Walker sold 17,816 shares of the business’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 sale, the insider owned 42,985 shares of the company’s stock, valued at $10,635,348.70. The trade was a 29.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sundar Pichai sold 32,500 shares of the firm’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $250.15, for a total value of $8,129,875.00. Following the transaction, the chief executive officer owned 2,369,619 shares of the company’s stock, valued at approximately $592,760,192.85. This represents a 1.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 246,150 shares of company stock worth $55,805,379 in the last three months. Company insiders own 12.99% of the company’s stock.

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.