West Coast Financial LLC Purchases 786 Shares of Alphabet Inc. (NASDAQ:GOOGL)

West Coast Financial LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 135,287 shares of the information services provider’s stock after buying an additional 786 shares during the period. Alphabet accounts for approximately 2.5% of West Coast Financial LLC’s portfolio, making the stock its 8th biggest holding. West Coast Financial LLC’s holdings in Alphabet were worth $22,437,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in GOOGL. BCS Wealth Management increased its holdings in shares of Alphabet by 13.5% in the first quarter. BCS Wealth Management now owns 2,892 shares of the information services provider’s stock valued at $436,000 after purchasing an additional 344 shares during the period. Apella Capital LLC increased its holdings in shares of Alphabet by 9.0% in the first quarter. Apella Capital LLC now owns 7,247 shares of the information services provider’s stock valued at $1,135,000 after purchasing an additional 599 shares during the period. McLean Asset Management Corp increased its holdings in shares of Alphabet by 1.1% in the first quarter. McLean Asset Management Corp now owns 8,395 shares of the information services provider’s stock valued at $1,315,000 after purchasing an additional 90 shares during the period. M. Kraus & Co increased its holdings in shares of Alphabet by 1.1% in the first quarter. M. Kraus & Co now owns 6,267 shares of the information services provider’s stock valued at $946,000 after purchasing an additional 66 shares during the period. Finally, Park Avenue Securities LLC increased its holdings in shares of Alphabet by 3.9% in the first quarter. Park Avenue Securities LLC now owns 190,234 shares of the information services provider’s stock valued at $28,712,000 after purchasing an additional 7,148 shares during the period. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Transactions at Alphabet

In other news, SVP Prabhakar Raghavan sold 34,257 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $162.60, for a total value of $5,570,188.20. Following the completion of the sale, the senior vice president now owns 312,210 shares of the company’s stock, valued at $50,765,346. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Prabhakar Raghavan sold 34,257 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the completion of the sale, the senior vice president now directly owns 312,210 shares of the company’s stock, valued at approximately $50,765,346. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $168.00, for a total transaction of $114,576.00. Following the sale, the chief accounting officer now directly owns 31,334 shares of the company’s stock, valued at approximately $5,264,112. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 220,426 shares of company stock valued at $35,993,340 over the last 90 days. Corporate insiders own 11.55% of the company’s stock.

Alphabet Stock Performance

Alphabet stock opened at $163.42 on Friday. The firm has a market capitalization of $2.02 trillion, a P/E ratio of 25.06, a PEG ratio of 1.21 and a beta of 1.04. The stock has a fifty day moving average price of $161.77 and a 200 day moving average price of $168.16. Alphabet Inc. has a 52 week low of $120.21 and a 52 week high of $191.75. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.04. The company had revenue of $84.74 billion for the quarter, compared to the consensus estimate of $70.60 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. During the same period last year, the business posted $1.44 EPS. Equities research analysts anticipate that Alphabet Inc. will post 7.64 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on GOOGL. UBS Group boosted their target price on Alphabet from $200.00 to $204.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Loop Capital restated a “hold” rating and issued a $170.00 price target on shares of Alphabet in a research note on Wednesday, July 3rd. Scotiabank upgraded Alphabet to a “strong-buy” rating in a research note on Friday, October 11th. DA Davidson initiated coverage on Alphabet in a research note on Tuesday, September 10th. They issued a “neutral” rating and a $170.00 price target on the stock. Finally, Jefferies Financial Group lifted their price target on Alphabet from $215.00 to $220.00 in a research note on Tuesday, July 9th. Eight investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $201.76.

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.