180 Wealth Advisors LLC Takes $347,000 Position in Alphabet Inc. (GOOG)

180 Wealth Advisors LLC bought a new position in Alphabet Inc. (NASDAQ:GOOG) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 332 shares of the information services provider’s stock, valued at approximately $347,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. FDx Advisors Inc. raised its holdings in shares of Alphabet by 9.5% during the third quarter. FDx Advisors Inc. now owns 11,214 shares of the information services provider’s stock worth $10,755,000 after acquiring an additional 973 shares during the period. Courier Capital LLC raised its holdings in shares of Alphabet by 1,137.9% during the third quarter. Courier Capital LLC now owns 7,551 shares of the information services provider’s stock worth $7,242,000 after acquiring an additional 6,941 shares during the period. HL Financial Services LLC raised its holdings in shares of Alphabet by 0.9% during the third quarter. HL Financial Services LLC now owns 121,193 shares of the information services provider’s stock worth $116,237,000 after acquiring an additional 1,103 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Alphabet by 18.8% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 49,624 shares of the information services provider’s stock worth $47,594,000 after acquiring an additional 7,846 shares during the period. Finally, Gainplan LLC acquired a new stake in shares of Alphabet during the third quarter worth $288,000. Institutional investors own 34.78% of the company’s stock.

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Several equities research analysts have issued reports on the stock. Deutsche Bank reiterated a “buy” rating on shares of Alphabet in a research note on Monday, January 29th. Morgan Stanley reiterated a “buy” rating on shares of Alphabet in a research note on Friday, January 26th. Atlantic Securities reiterated a “buy” rating on shares of Alphabet in a research note on Friday, February 2nd. Jefferies Group reiterated a “buy” rating on shares of Alphabet in a research note on Friday, February 2nd. Finally, JPMorgan Chase reiterated a “buy” rating on shares of Alphabet in a research note on Friday, February 2nd. Five analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $1,130.86.

Shares of GOOG stock opened at $1,066.36 on Friday. The stock has a market cap of $749.56 billion, a P/E ratio of 33.27 and a beta of 1.09. The company has a quick ratio of 4.85, a current ratio of 4.87 and a debt-to-equity ratio of 0.02. Alphabet Inc. has a 52 week low of $894.79 and a 52 week high of $1,186.89.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Monday, April 23rd. The information services provider reported $9.93 EPS for the quarter, topping the consensus estimate of $9.28 by $0.65. The business had revenue of $31.15 billion during the quarter, compared to the consensus estimate of $30.28 billion. Alphabet had a net margin of 14.19% and a return on equity of 15.58%. Alphabet’s revenue was up 25.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $7.73 EPS.

Alphabet announced that its Board of Directors has approved a stock repurchase program on Thursday, February 1st that authorizes the company to buyback $8.59 billion in shares. This buyback authorization authorizes the information services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

In related news, Director Ann Mather sold 37 shares of Alphabet stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $1,107.87, for a total transaction of $40,991.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $1,106.68, for a total transaction of $4,426,720.00. Following the sale, the chief executive officer now directly owns 642 shares of the company’s stock, valued at approximately $710,488.56. The disclosure for this sale can be found here. Insiders have sold a total of 57,211 shares of company stock valued at $61,748,995 in the last ninety days. 13.92% of the stock is currently owned by insiders.

Alphabet Company Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)