One Degree Advisors Inc Acquires 1,069 Shares of Alphabet Inc. $GOOGL

Key Points

• One Degree Advisors Inc increased its holdings in Alphabet Inc. by 28.5%, acquiring an additional 1,069 shares during the second quarter, bringing its total to 4,820 shares worth approximately $849,000.
• A majority of equity analysts have rated Alphabet shares positively, with 34 analysts issuing a Buy rating and a consensus target price of $257.60.
• Insider trading activity included John Kent Walker selling 23,820 shares at an average price of $194.70, resulting in a significant decrease in ownership.

One Degree Advisors Inc increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 28.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,820 shares of the information services provider's stock after acquiring an additional 1,069 shares during the period. One Degree Advisors Inc's holdings in Alphabet were worth $849,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Guardian Wealth Management Inc. raised its stake in shares of Alphabet by 242.9% in the first quarter. Guardian Wealth Management Inc. now owns 168 shares of the information services provider's stock worth $26,000 after acquiring an additional 119 shares during the last quarter. IMA Advisory Services Inc. bought a new position in shares of Alphabet in the first quarter worth about $28,000. von Borstel & Associates Inc. bought a new position in shares of Alphabet in the first quarter worth about $28,000. NBZ Investment Advisors LLC raised its stake in shares of Alphabet by 85.7% in the first quarter. NBZ Investment Advisors LLC now owns 195 shares of the information services provider's stock worth $30,000 after acquiring an additional 90 shares during the last quarter. Finally, CarsonAllaria Wealth Management Ltd. raised its stake in shares of Alphabet by 36.4% in the second quarter. CarsonAllaria Wealth Management Ltd. now owns 251 shares of the information services provider's stock worth $44,000 after acquiring an additional 67 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on GOOGL shares. Jefferies Financial Group boosted their target price 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. Stifel Nicolaus boosted their target price on shares of Alphabet from $200.00 to $218.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Robert W. Baird boosted their target price on shares of Alphabet from $215.00 to $275.00 and gave the stock an "outperform" rating in a research note on Monday, September 22nd. Melius Research lifted their price target on shares of Alphabet from $220.00 to $255.00 in a research report on Thursday, September 25th. Finally, Moffett Nathanson lifted their price target on shares of Alphabet from $230.00 to $295.00 and gave the stock a "buy" rating in a research report on Thursday, September 25th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $257.60.

Insider Activity at Alphabet

In related news, insider John Kent Walker sold 23,820 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the completion of the transaction, the insider owned 42,999 shares in the company, valued at approximately $8,371,905.30. The trade was a 35.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Amie Thuener O'toole sold 2,778 shares of the business's stock in a transaction that occurred on 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 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. Over the last 90 days, insiders sold 246,150 shares of company stock worth $55,805,379. 11.55% of the stock is currently owned by company insiders.

Alphabet Stock Down 2.4%

Shares of NASDAQ GOOGL opened at $250.46 on Wednesday. The stock has a market cap of $3.03 trillion, a P/E ratio of 26.67, a P/E/G ratio of 1.74 and a beta of 1.00. The firm has a 50 day moving average price of $233.60 and a 200 day moving average price of $193.31. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. Alphabet Inc. has a 52-week low of $140.53 and a 52-week high of $257.33.

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

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.

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