Alphabet Inc (NASDAQ:GOOG) Shares Sold by TLW Wealth Management LLC

TLW Wealth Management LLC lessened its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 1.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 5,219 shares of the information services provider’s stock after selling 58 shares during the period. Alphabet comprises about 5.9% of TLW Wealth Management LLC’s portfolio, making the stock its 6th largest holding. TLW Wealth Management LLC’s holdings in Alphabet were worth $5,641,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the company. BKD Wealth Advisors LLC grew its stake in Alphabet by 13.9% in the fourth quarter. BKD Wealth Advisors LLC now owns 1,428 shares of the information services provider’s stock valued at $1,479,000 after purchasing an additional 174 shares during the last quarter. Stonebridge Capital Management Inc. grew its stake in Alphabet by 1.6% in the fourth quarter. Stonebridge Capital Management Inc. now owns 3,780 shares of the information services provider’s stock valued at $3,914,000 after purchasing an additional 60 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Alphabet by 1.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 119,860 shares of the information services provider’s stock valued at $124,128,000 after purchasing an additional 2,252 shares during the last quarter. MCF Advisors LLC grew its stake in Alphabet by 8.1% in the fourth quarter. MCF Advisors LLC now owns 173 shares of the information services provider’s stock valued at $179,000 after purchasing an additional 13 shares during the last quarter. Finally, Ellevest Inc. purchased a new position in Alphabet in the fourth quarter valued at about $474,000. Institutional investors own 34.02% of the company’s stock.

Shares of Alphabet stock traded down $0.50 on Wednesday, reaching $1,169.45. 544,932 shares of the stock were exchanged, compared to its average volume of 1,591,709. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.98 and a quick ratio of 3.96. Alphabet Inc has a twelve month low of $970.11 and a twelve month high of $1,289.27. The company has a market capitalization of $813.31 billion, a price-to-earnings ratio of 24.61, a price-to-earnings-growth ratio of 1.31 and a beta of 0.96. The company has a 50 day simple moving average of $1,143.21.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, July 25th. The information services provider reported $14.21 EPS for the quarter, topping the Zacks’ consensus estimate of $11.49 by $2.72. Alphabet had a return on equity of 20.15% and a net margin of 23.43%. The firm had revenue of $38.94 billion during the quarter, compared to the consensus estimate of $38.21 billion. During the same quarter in the previous year, the company posted $11.75 earnings per share. The company’s revenue was up 19.3% compared to the same quarter last year. On average, research analysts predict that Alphabet Inc will post 52.1 earnings per share for the current fiscal year.

GOOG has been the topic of several analyst reports. Zacks Investment Research upgraded Alphabet from a “hold” rating to a “buy” rating and set a $1,372.00 target price on the stock in a research note on Wednesday, July 31st. Pivotal Research initiated coverage on Alphabet in a report on Wednesday, May 29th. They issued a “hold” rating for the company. Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a report on Tuesday, July 23rd. UBS Group reissued a “buy” rating on shares of Alphabet in a report on Friday, July 26th. Finally, Wedbush raised their price target on Alphabet from $1,350.00 to $1,500.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Three analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $1,373.93.

In related news, VP Amie Thuener O’toole sold 55 shares of Alphabet stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $1,200.74, for a total transaction of $66,040.70. Following the completion of the transaction, the vice president now directly owns 388 shares in the company, valued at $465,887.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ann Mather sold 27 shares of Alphabet stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $1,213.14, for a total value of $32,754.78. Following the transaction, the director now owns 1,803 shares of the company’s stock, valued at $2,187,291.42. The disclosure for this sale can be found here. Insiders have sold 2,123 shares of company stock valued at $2,553,758 in the last ninety days. Corporate insiders own 12.99% of the company’s stock.

About Alphabet

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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