Alphabet Inc. $GOOG Shares Acquired by Crux Wealth Advisors

Key Points

• Crux Wealth Advisors increased its holdings in Alphabet Inc. by 37.2% during the second quarter, now owning 11,540 shares valued at approximately $2,047,000.
• CEO Sundar Pichai sold 32,500 shares of the company's stock for about $8.1 million, representing a 1.34% decrease in his position.
• Alphabet's stock has a consensus rating of "Moderate Buy" with an average target price of $246.26, as analyzed by various Wall Street firms.

Crux Wealth Advisors increased its holdings in Alphabet Inc. (NASDAQ:GOOG - Free Report) by 37.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,540 shares of the information services provider's stock after acquiring an additional 3,128 shares during the quarter. Crux Wealth Advisors' holdings in Alphabet were worth $2,047,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of GOOG. Brighton Jones LLC increased its holdings in shares of Alphabet by 5.6% in the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider's stock valued at $22,901,000 after acquiring an additional 6,410 shares during the period. Revisor Wealth Management LLC increased its holdings in shares of Alphabet by 107.9% in the 1st quarter. Revisor Wealth Management LLC now owns 3,659 shares of the information services provider's stock valued at $572,000 after acquiring an additional 1,899 shares during the period. GAMMA Investing LLC increased its holdings in shares of Alphabet by 19.5% in the 1st quarter. GAMMA Investing LLC now owns 91,681 shares of the information services provider's stock valued at $14,323,000 after acquiring an additional 14,931 shares during the period. Spinnaker Investment Group LLC increased its holdings in shares of Alphabet by 14.6% in the 1st quarter. Spinnaker Investment Group LLC now owns 2,588 shares of the information services provider's stock valued at $404,000 after acquiring an additional 329 shares during the period. Finally, Brown Lisle Cummings Inc. increased its holdings in shares of Alphabet by 14.7% in the 1st quarter. Brown Lisle Cummings Inc. now owns 31,634 shares of the information services provider's stock valued at $4,942,000 after acquiring an additional 4,062 shares during the period. 27.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GOOG has been the topic of several recent research reports. Raymond James Financial reissued an "outperform" rating and issued a $210.00 price objective (up from $185.00) on shares of Alphabet in a research note on Thursday, July 24th. Phillip Securities cut shares of Alphabet from a "strong-buy" rating to a "moderate buy" rating in a research note on Monday, September 8th. Weiss Ratings reissued a "buy (b)" rating on shares of Alphabet in a research note on Wednesday, October 8th. Wells Fargo & Company reissued an "equal weight" rating on shares of Alphabet in a research note on Wednesday, July 9th. Finally, KeyCorp set a $265.00 price objective on shares of Alphabet in a research note on Wednesday, September 3rd. Six analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $246.26.

Insider Activity

In other news, CEO Sundar Pichai sold 32,500 shares of the company's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $249.50, for a total transaction of $8,108,750.00. Following the completion of the transaction, the chief executive officer owned 2,397,392 shares of the company's stock, valued at $598,149,304. This represents a 1.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Amie Thuener O'toole sold 2,778 shares of the company's 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 represents a 13.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 246,150 shares of company stock valued at $55,805,379 in the last 90 days. 12.99% of the stock is currently owned by insiders.

Alphabet Price Performance

Alphabet stock opened at $251.34 on Wednesday. The firm has a market capitalization of $3.04 trillion, a PE ratio of 26.77, a P/E/G ratio of 1.74 and a beta of 1.00. 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 firm's 50-day simple moving average is $234.23 and its 200 day simple moving average is $194.41. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $257.88.

Alphabet (NASDAQ:GOOG - Get Free Report) last released its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.12 by $0.19. The company had revenue of $96.43 billion for the quarter, compared to analyst estimates of $93.67 billion. Alphabet had a net margin of 31.12% and a return on equity of 34.31%. The firm's quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.89 EPS. On average, equities research analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal 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.

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