CRA Financial Services LLC trimmed its stake in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 0.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,610 shares of the information services provider’s stock after selling 250 shares during the quarter. Alphabet accounts for about 0.9% of CRA Financial Services LLC’s holdings, making the stock its 24th largest position. CRA Financial Services LLC’s holdings in Alphabet were worth $3,340,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in GOOG. Mark Sheptoff Financial Planning LLC boosted its position in shares of Alphabet by 142.9% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 340 shares of the information services provider’s stock valued at $35,000 after acquiring an additional 200 shares during the period. Milestone Wealth LLC lifted its stake in Alphabet by 1,900.0% in the 3rd quarter. Milestone Wealth LLC now owns 380 shares of the information services provider’s stock worth $37,000 after purchasing an additional 361 shares in the last quarter. Bbjs Financial Advisors LLC bought a new position in Alphabet in the 4th quarter valued at $48,000. GW&K Investment Management LLC purchased a new position in shares of Alphabet during the 1st quarter valued at $50,000. Finally, Schubert & Co increased its holdings in shares of Alphabet by 54.7% in the first quarter. Schubert & Co now owns 498 shares of the information services provider’s stock worth $52,000 after purchasing an additional 176 shares during the period. Institutional investors own 27.13% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on GOOG shares. Susquehanna lifted their price objective on Alphabet from $120.00 to $150.00 in a research note on Wednesday, July 26th. Wedbush assumed coverage on Alphabet in a report on Monday, August 21st. They set an “outperform” rating for the company. Robert W. Baird raised their target price on shares of Alphabet from $123.00 to $140.00 in a research note on Wednesday, July 26th. Finally, Oppenheimer boosted their price target on shares of Alphabet from $145.00 to $160.00 in a research note on Wednesday, July 26th. Thirteen analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $130.94.
Insiders Place Their Bets
In other news, Director Ann Mather sold 380 shares of the stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $121.42, for a total transaction of $46,139.60. Following the completion of the sale, the director now owns 4,700 shares of the company’s stock, valued at $570,674. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Alphabet news, Director Ann Mather sold 380 shares of the business’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $121.42, for a total value of $46,139.60. Following the transaction, the director now owns 4,700 shares in the company, valued at $570,674. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John L. Hennessy sold 200 shares of the stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $137.30, for a total transaction of $27,460.00. Following the sale, the director now owns 7,584 shares of the company’s stock, valued at $1,041,283.20. The disclosure for this sale can be found here. Insiders have sold 96,092 shares of company stock valued at $12,221,941 in the last ninety days. Company insiders own 12.99% of the company’s stock.
Alphabet Price Performance
Shares of Alphabet stock opened at $138.96 on Tuesday. The stock has a market capitalization of $1.75 trillion, a price-to-earnings ratio of 29.44, a price-to-earnings-growth ratio of 1.59 and a beta of 1.06. The company has a fifty day moving average of $130.22 and a 200-day moving average of $118.50. Alphabet Inc. has a 52-week low of $83.45 and a 52-week high of $139.93. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.14 and a current ratio of 2.17.
Alphabet (NASDAQ:GOOG – Get Free Report) last announced its quarterly earnings data on Tuesday, July 25th. The information services provider reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.12. Alphabet had a return on equity of 23.49% and a net margin of 21.05%. The firm had revenue of $74.60 billion for the quarter, compared to analysts’ expectations of $72.85 billion. During the same period last year, the firm earned $1.21 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. Equities research analysts expect that Alphabet Inc. will post 5.68 EPS for the current year.
Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
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