Compass Ion Advisors LLC Has $2.27 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

Compass Ion Advisors LLC raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 8.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 13,658 shares of the information services provider’s stock after buying an additional 1,044 shares during the period. Compass Ion Advisors LLC’s holdings in Alphabet were worth $2,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vest Financial LLC raised its holdings in Alphabet by 192.2% in the 3rd quarter. Vest Financial LLC now owns 21,869 shares of the information services provider’s stock valued at $3,627,000 after acquiring an additional 14,384 shares during the period. Lee Johnson Capital Management LLC bought a new stake in shares of Alphabet during the third quarter worth approximately $4,056,000. Stegent Equity Advisors Inc. grew its position in shares of Alphabet by 2.2% in the third quarter. Stegent Equity Advisors Inc. now owns 9,355 shares of the information services provider’s stock valued at $1,552,000 after purchasing an additional 204 shares during the last quarter. West Branch Capital LLC increased its stake in shares of Alphabet by 1.4% during the third quarter. West Branch Capital LLC now owns 84,752 shares of the information services provider’s stock worth $14,056,000 after purchasing an additional 1,161 shares during the period. Finally, Cyndeo Wealth Partners LLC lifted its holdings in Alphabet by 18.8% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 105,949 shares of the information services provider’s stock worth $17,572,000 after purchasing an additional 16,758 shares during the last quarter. 40.03% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $166.30, for a total value of $3,741,750.00. Following the sale, the chief executive officer now owns 2,106,806 shares of the company’s stock, valued at $350,361,837.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now owns 31,334 shares in the company, valued at approximately $5,264,112. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $166.30, for a total transaction of $3,741,750.00. Following the completion of the sale, the chief executive officer now directly owns 2,106,806 shares in the company, valued at approximately $350,361,837.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 220,426 shares of company stock valued at $35,993,340. Insiders own 11.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GOOGL. The Goldman Sachs Group lowered their price objective on Alphabet from $217.00 to $208.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. BMO Capital Markets restated an “outperform” rating and issued a $217.00 price target (up from $215.00) on shares of Alphabet in a research note on Wednesday. Morgan Stanley lifted their price objective on shares of Alphabet from $190.00 to $205.00 and gave the stock an “overweight” rating in a research note on Wednesday. Jefferies Financial Group increased their target price on shares of Alphabet from $215.00 to $220.00 in a research report on Tuesday, July 9th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 target price on shares of Alphabet in a report on Wednesday. Seven investment analysts have rated the stock with a hold rating, thirty have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and a consensus target price of $205.51.

Alphabet Price Performance

Alphabet stock opened at $174.46 on Thursday. The stock has a 50-day moving average price of $162.17 and a two-hundred day moving average price of $168.78. Alphabet Inc. has a 12 month low of $122.68 and a 12 month high of $191.75. The company has a market capitalization of $2.16 trillion, a PE ratio of 26.76, a P/E/G ratio of 1.27 and a beta of 1.04. 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 issued its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The business had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. During the same quarter last year, the business earned $1.55 EPS. Analysts expect that Alphabet Inc. will post 7.65 EPS for the current 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.