Mycio Wealth Partners LLC Sells 97 Shares of Alphabet Inc (NASDAQ:GOOG)

Mycio Wealth Partners LLC cut its holdings in Alphabet Inc (NASDAQ:GOOG) by 9.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 888 shares of the information services provider’s stock after selling 97 shares during the period. Mycio Wealth Partners LLC’s holdings in Alphabet were worth $960,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Alpine Woods Capital Investors LLC increased its stake in Alphabet by 0.3% during the second quarter. Alpine Woods Capital Investors LLC now owns 10,564 shares of the information services provider’s stock valued at $11,419,000 after acquiring an additional 28 shares during the period. Teacher Retirement System of Texas increased its stake in Alphabet by 15.2% during the second quarter. Teacher Retirement System of Texas now owns 155,483 shares of the information services provider’s stock valued at $168,063,000 after acquiring an additional 20,489 shares during the period. Investment Counselors of Maryland LLC increased its stake in Alphabet by 4.5% during the second quarter. Investment Counselors of Maryland LLC now owns 1,752 shares of the information services provider’s stock valued at $1,894,000 after acquiring an additional 75 shares during the period. PFG Advisors increased its stake in Alphabet by 4.4% during the second quarter. PFG Advisors now owns 493 shares of the information services provider’s stock valued at $617,000 after acquiring an additional 21 shares during the period. Finally, Hamel Associates Inc. increased its stake in Alphabet by 7.2% during the second quarter. Hamel Associates Inc. now owns 3,884 shares of the information services provider’s stock valued at $4,198,000 after acquiring an additional 260 shares during the period. Institutional investors and hedge funds own 34.00% of the company’s stock.

Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Alphabet from a “hold” rating to a “buy” rating and set a $1,372.00 price target on the stock in a research note on Wednesday, July 31st. Deutsche Bank boosted their price target on Alphabet from $1,400.00 to $1,475.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Credit Suisse Group boosted their price target on Alphabet from $1,400.00 to $1,500.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Alphabet in a report on Tuesday, April 30th. Finally, Cowen lifted their price objective on Alphabet from $1,400.00 to $1,500.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. Alphabet currently has a consensus rating of “Buy” and a consensus target price of $1,378.93.

Shares of GOOG traded up $10.63 during trading hours on Wednesday, reaching $1,193.32. The stock had a trading volume of 33,260 shares, compared to its average volume of 1,725,303. The company has a quick ratio of 3.96, a current ratio of 3.98 and a debt-to-equity ratio of 0.07. Alphabet Inc has a 52 week low of $970.11 and a 52 week high of $1,289.27. The firm has a 50-day moving average of $1,167.06 and a 200 day moving average of $1,155.12. The company has a market cap of $820.08 billion, a P/E ratio of 25.09, a P/E/G ratio of 1.29 and a beta of 0.96.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, July 25th. The information services provider reported $14.21 EPS for the quarter, beating the Zacks’ consensus estimate of $11.49 by $2.72. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. The business had revenue of $38.94 billion during the quarter, compared to analysts’ expectations of $38.21 billion. During the same quarter in the prior year, the company earned $11.75 EPS. The firm’s quarterly revenue was up 19.3% on a year-over-year basis. As a group, equities analysts expect that Alphabet Inc will post 52.1 earnings per share for the current year.

In other Alphabet news, VP Amie Thuener O’toole sold 55 shares of the stock in a transaction dated 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 owns 388 shares in the company, valued at approximately $465,887.12. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John L. Hennessy sold 75 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $1,238.57, for a total value of $92,892.75. Following the transaction, the director now owns 276 shares of the company’s stock, valued at approximately $341,845.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,123 shares of company stock valued at $2,553,758. Corporate insiders own 12.99% of the company’s stock.

Alphabet Profile

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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