Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by Leo Wealth LLC

Leo Wealth LLC boosted its holdings in Alphabet Inc. (NASDAQ:GOOG) by 14.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 22,217 shares of the information services provider’s stock after purchasing an additional 2,782 shares during the quarter. Leo Wealth LLC’s holdings in Alphabet were worth $3,714,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of GOOG. Eastern Bank raised its holdings in shares of Alphabet by 401.8% in the 3rd quarter. Eastern Bank now owns 80,674 shares of the information services provider’s stock worth $13,488,000 after purchasing an additional 64,597 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in Alphabet by 4.5% in the third quarter. Sequoia Financial Advisors LLC now owns 525,718 shares of the information services provider’s stock worth $87,895,000 after buying an additional 22,695 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Alphabet in the third quarter valued at $14,741,000. Sweeney & Michel LLC lifted its position in shares of Alphabet by 0.5% during the 3rd quarter. Sweeney & Michel LLC now owns 66,623 shares of the information services provider’s stock valued at $10,996,000 after acquiring an additional 340 shares during the last quarter. Finally, Moneywise Inc. acquired a new position in shares of Alphabet in the 3rd quarter worth $845,000. 27.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Alphabet

In other news, CEO Sundar Pichai sold 22,500 shares of the 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 transaction, the chief executive officer now owns 2,106,806 shares in the company, valued at $350,361,837.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the 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 transaction, the chief executive officer now directly owns 2,106,806 shares of the company’s stock, valued at $350,361,837.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 2,834 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $167.23, for a total value of $473,929.82. Following the completion of the sale, the chief accounting officer now directly owns 26,349 shares of the company’s stock, valued at $4,406,343.27. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 220,426 shares of company stock worth $35,993,340 over the last ninety days. 12.99% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on GOOG. UBS Group decreased their price target on Alphabet from $204.00 to $187.00 and set a “neutral” rating for the company in a research report on Monday, October 7th. Rosenblatt Securities lowered shares of Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 price target on the stock. in a report on Friday, June 28th. Wolfe Research raised shares of Alphabet to a “strong-buy” rating in a research note on Tuesday, July 16th. Oppenheimer lowered their price objective on shares of Alphabet from $210.00 to $185.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 25th. Finally, Cantor Fitzgerald raised Alphabet to a “hold” rating in a research report on Thursday, September 5th. Four investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and a consensus target price of $186.90.

Alphabet Stock Performance

Shares of NASDAQ GOOG opened at $164.48 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08. Alphabet Inc. has a one year low of $121.46 and a one year high of $193.31. The business’s 50-day moving average price is $163.28 and its two-hundred day moving average price is $169.92. The company has a market capitalization of $2.03 trillion, a P/E ratio of 25.23, a price-to-earnings-growth ratio of 1.21 and a beta of 1.04.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, beating the consensus estimate of $1.85 by $0.04. The business had revenue of $84.74 billion during the quarter, compared to analysts’ expectations of $84.22 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.44 EPS. Analysts anticipate that Alphabet Inc. will post 7.64 earnings per share for the current fiscal 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.