Alphabet Inc. $GOOGL Stock Holdings Lifted by Stiles Financial Services Inc

Key Points

• Stiles Financial Services Inc boosted its holdings in Alphabet Inc. by 4.5% in Q2, now owning 28,496 shares valued at approximately $5.02 million.
• Alphabet reported $2.31 earnings per share for the last quarter, surpassing expectations and generating revenues of $96.43 billion.
• Several analysts have recently increased their price targets for Alphabet shares, with BMO Capital Markets setting a target of $294.00 and Jefferies Financial Group raising theirs to $285.00.

Stiles Financial Services Inc raised its position in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 28,496 shares of the information services provider's stock after buying an additional 1,218 shares during the period. Alphabet comprises about 1.7% of Stiles Financial Services Inc's investment portfolio, making the stock its 8th biggest holding. Stiles Financial Services Inc's holdings in Alphabet were worth $5,022,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Guardian Wealth Management Inc. lifted its holdings in Alphabet by 242.9% in the 1st quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider's stock worth $26,000 after buying an additional 119 shares during the period. IMA Advisory Services Inc. bought a new position in shares of Alphabet during the first quarter valued at approximately $28,000. von Borstel & Associates Inc. purchased a new stake in Alphabet in the first quarter worth $28,000. NBZ Investment Advisors LLC boosted its holdings in Alphabet by 85.7% in the first quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider's stock valued at $30,000 after acquiring an additional 90 shares in the last quarter. Finally, CarsonAllaria Wealth Management Ltd. boosted its holdings in Alphabet by 36.4% in the second quarter. CarsonAllaria Wealth Management Ltd. now owns 251 shares of the information services provider's stock valued at $44,000 after acquiring an additional 67 shares in the last quarter. Institutional investors own 40.03% of the company's stock.

Alphabet Price Performance

Shares of GOOGL opened at $253.30 on Monday. Alphabet Inc. has a twelve month low of $140.53 and a twelve month high of $256.96. The company has a market capitalization of $3.06 trillion, a P/E ratio of 26.98, a price-to-earnings-growth ratio of 1.71 and a beta of 1.00. The firm has a 50 day moving average of $231.55 and a 200 day moving average of $192.14. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.16. The business had revenue of $96.43 billion for the quarter, compared to analysts' expectations of $93.60 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. As a group, equities research analysts anticipate that Alphabet Inc. will post 8.9 earnings per share for the current fiscal year.

Insider Activity at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 2,369,619 shares in the company, valued at approximately $592,760,192.85. This trade represents a 1.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frances Arnold sold 103 shares of the company's stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $243.13, for a total transaction of $25,042.39. Following the transaction, the director owned 17,284 shares in the company, valued at $4,202,258.92. This represents a 0.59% 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 over the last three months. 11.55% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently commented on GOOGL. BMO Capital Markets set a $294.00 target price on shares of Alphabet and gave the stock an "outperform" rating in a research report on Thursday, October 9th. Jefferies Financial Group increased their price target on shares of Alphabet from $230.00 to $285.00 and gave the stock a "buy" rating in a research note on Thursday, October 2nd. Wells Fargo & Company set a $236.00 price objective on Alphabet and gave the company an "equal weight" rating in a research report on Tuesday, October 7th. Moffett Nathanson upped their target price on Alphabet from $230.00 to $295.00 and gave the stock a "buy" rating in a report on Thursday, September 25th. Finally, Morgan Stanley set a $270.00 target price on Alphabet and gave the company an "overweight" rating in a research note on Thursday, October 2nd. Four investment analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $252.24.

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.

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