Tlwm Raises Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Tlwm boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 520 shares of the information services provider’s stock after buying an additional 17 shares during the quarter. Alphabet makes up approximately 0.5% of Tlwm’s investment portfolio, making the stock its 19th biggest holding. Tlwm’s holdings in Alphabet were worth $1,264,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of GOOGL. Brighton Jones LLC grew its holdings in Alphabet by 18.2% in the second quarter. Brighton Jones LLC now owns 2,420 shares of the information services provider’s stock worth $5,909,000 after purchasing an additional 373 shares during the last quarter. TMD Wealth Management LLC lifted its stake in shares of Alphabet by 45.0% during the second quarter. TMD Wealth Management LLC now owns 190 shares of the information services provider’s stock worth $464,000 after buying an additional 59 shares during the period. Inverness Counsel LLC NY lifted its stake in shares of Alphabet by 1.7% during the second quarter. Inverness Counsel LLC NY now owns 36,380 shares of the information services provider’s stock worth $88,832,000 after buying an additional 622 shares during the period. Larson Financial Group LLC lifted its stake in shares of Alphabet by 15.8% during the second quarter. Larson Financial Group LLC now owns 205 shares of the information services provider’s stock worth $501,000 after buying an additional 28 shares during the period. Finally, Wealthquest Corp lifted its stake in shares of Alphabet by 9.5% during the second quarter. Wealthquest Corp now owns 266 shares of the information services provider’s stock worth $649,000 after buying an additional 23 shares during the period. 34.43% of the stock is currently owned by institutional investors.

A number of research firms recently issued reports on GOOGL. Truist boosted their target price on shares of Alphabet from $2,800.00 to $3,100.00 and gave the company a “buy” rating in a research report on Wednesday, July 28th. Wedbush boosted their target price on shares of Alphabet from $3,127.00 to $3,424.00 and gave the company an “outperform” rating in a research report on Wednesday, July 28th. Canaccord Genuity boosted their target price on shares of Alphabet from $2,800.00 to $3,100.00 and gave the company a “buy” rating in a research report on Wednesday, July 28th. Needham & Company LLC lifted their price objective on shares of Alphabet from $2,700.00 to $3,200.00 and gave the company a “buy” rating in a report on Wednesday, July 28th. Finally, Mizuho lifted their price objective on shares of Alphabet from $2,800.00 to $3,000.00 and gave the company a “buy” rating in a report on Wednesday, July 28th. Three equities research analysts have rated the stock with a hold rating and thirty-nine have given a buy rating to the company. Based on data from MarketBeat.com, Alphabet currently has an average rating of “Buy” and an average price target of $2,841.72.

Alphabet stock traded down $3.20 during mid-day trading on Wednesday, reaching $2,847.69. 30,579 shares of the company’s stock were exchanged, compared to its average volume of 1,521,662. The company has a market cap of $1.90 trillion, a P/E ratio of 30.76, a P/E/G ratio of 1.83 and a beta of 1.00. Alphabet Inc. has a twelve month low of $1,402.15 and a twelve month high of $2,925.07. The company has a quick ratio of 3.14, a current ratio of 3.15 and a debt-to-equity ratio of 0.06. The company has a fifty day moving average of $2,721.31 and a 200-day moving average of $2,428.14.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Monday, July 26th. The information services provider reported $27.26 EPS for the quarter, beating the Zacks’ consensus estimate of $19.89 by $7.37. Alphabet had a net margin of 28.57% and a return on equity of 27.87%. The company had revenue of $50.95 billion for the quarter, compared to the consensus estimate of $46.07 billion. During the same period in the prior year, the firm posted $10.13 EPS. Equities research analysts expect that Alphabet Inc. will post 101.86 earnings per share for the current fiscal year.

Alphabet Company Profile

Alphabet, Inc is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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