JFS Wealth Advisors LLC Sells 20 Shares of Alphabet Inc (NASDAQ:GOOG)

JFS Wealth Advisors LLC lowered its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 7.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 232 shares of the information services provider’s stock after selling 20 shares during the period. JFS Wealth Advisors LLC’s holdings in Alphabet were worth $251,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. 1 North Wealth Services LLC acquired a new stake in Alphabet in the 4th quarter valued at approximately $34,000. HMS Capital Management LLC acquired a new stake in Alphabet in the 2nd quarter valued at approximately $38,000. TD Capital Management LLC raised its position in Alphabet by 38.5% in the 4th quarter. TD Capital Management LLC now owns 36 shares of the information services provider’s stock valued at $37,000 after buying an additional 10 shares during the last quarter. Truehand Inc acquired a new stake in Alphabet in the 4th quarter valued at approximately $38,000. Finally, Thor Advisors LLC acquired a new stake in Alphabet in the 1st quarter valued at approximately $56,000. Hedge funds and other institutional investors own 34.00% of the company’s stock.

A number of equities research analysts recently issued reports on the company. Credit Suisse Group lifted their target price on Alphabet from $1,400.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Bank of America reissued a “buy” rating and issued a $1,450.00 target price (up previously from $1,350.00) on shares of Alphabet in a research report on Friday, July 26th. BidaskClub raised Alphabet from a “hold” rating to a “buy” rating in a research report on Saturday, July 13th. Oppenheimer lifted their target price on Alphabet from $1,342.00 to $1,370.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Finally, Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a research report on Tuesday, July 23rd. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $1,378.93.

In related news, CAO Amie Thuener O’toole sold 69 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $1,042.90, for a total value of $71,960.10. Following the completion of the sale, the chief accounting officer now directly owns 388 shares in the company, valued at approximately $404,645.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Capitalg Lp purchased 140,000 shares of Alphabet stock in a transaction that occurred on Friday, June 14th. The stock was purchased at an average price of $34.00 per share, with a total value of $4,760,000.00. The disclosure for this purchase can be found here. Insiders have sold a total of 2,123 shares of company stock valued at $2,553,758 over the last quarter. 12.99% of the stock is currently owned by corporate insiders.

Shares of NASDAQ GOOG traded down $3.04 during midday trading on Thursday, hitting $1,188.21. 36,196 shares of the company’s stock were exchanged, compared to its average volume of 1,721,836. 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 12 month low of $970.11 and a 12 month high of $1,289.27. The company’s 50 day moving average price is $1,168.86 and its 200 day moving average price is $1,155.54. The firm has a market capitalization of $831.00 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 1.31 and a beta of 0.96.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, July 25th. The information services provider reported $14.21 EPS for the quarter, topping the Thomson Reuters’ 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 company had revenue of $38.94 billion during the quarter, compared to the consensus estimate of $38.21 billion. During the same period in the previous year, the company posted $11.75 EPS. The firm’s revenue for the quarter was up 19.3% compared to the same quarter last year. On average, equities research analysts anticipate that Alphabet Inc will post 52.1 EPS for the current year.

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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