V Wealth Advisors LLC Purchases 521 Shares of Alphabet Inc (NASDAQ:GOOGL)

V Wealth Advisors LLC grew its position in shares of Alphabet Inc (NASDAQ:GOOGL) by 18.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,330 shares of the information services provider’s stock after buying an additional 521 shares during the quarter. Alphabet accounts for approximately 1.2% of V Wealth Advisors LLC’s holdings, making the stock its 12th largest position. V Wealth Advisors LLC’s holdings in Alphabet were worth $4,722,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Spence Asset Management increased its stake in shares of Alphabet by 45.5% in the 1st quarter. Spence Asset Management now owns 32 shares of the information services provider’s stock worth $37,000 after purchasing an additional 10 shares in the last quarter. OmniStar Financial Group Inc. purchased a new stake in shares of Alphabet in the 1st quarter worth $44,000. Cedar Mountain Advisors LLC increased its stake in Alphabet by 26.9% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 33 shares of the information services provider’s stock worth $47,000 after buying an additional 7 shares in the last quarter. Center for Financial Planning Inc. increased its stake in Alphabet by 35.5% in the 1st quarter. Center for Financial Planning Inc. now owns 42 shares of the information services provider’s stock worth $49,000 after buying an additional 11 shares in the last quarter. Finally, Danda Trouve Investment Management Inc. increased its stake in Alphabet by 42.9% in the 1st quarter. Danda Trouve Investment Management Inc. now owns 50 shares of the information services provider’s stock worth $58,000 after buying an additional 15 shares in the last quarter. 34.14% of the stock is currently owned by hedge funds and other institutional investors.

GOOGL has been the subject of a number of analyst reports. MKM Partners increased their price target on Alphabet from $1,500.00 to $1,700.00 in a research note on Monday, July 27th. Jefferies Financial Group raised shares of Alphabet to a “buy” rating in a research report on Monday, July 13th. Credit Suisse Group lifted their price objective on shares of Alphabet from $1,600.00 to $1,850.00 and gave the company an “outperform” rating in a report on Monday, July 20th. Goldman Sachs Group lifted their price objective on shares of Alphabet from $1,425.00 to $1,775.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. They noted that the move was a valuation call. Finally, Societe Generale cut their price objective on shares of Alphabet from $1,555.00 to $1,420.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and forty have issued a buy rating to the company’s stock. Alphabet currently has an average rating of “Buy” and an average price target of $1,657.51.

GOOGL stock opened at $1,487.95 on Friday. The stock has a market capitalization of $1,050.12 billion, a P/E ratio of 32.72, a P/E/G ratio of 2.35 and a beta of 1.06. The firm has a 50-day simple moving average of $1,473.93 and a 200-day simple moving average of $1,375.65. The company has a quick ratio of 3.64, a current ratio of 3.66 and a debt-to-equity ratio of 0.08. Alphabet Inc has a 52 week low of $1,008.87 and a 52 week high of $1,587.05.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Thursday, July 30th. The information services provider reported $10.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.43 by $1.70. Alphabet had a net margin of 18.99% and a return on equity of 15.77%. The company had revenue of $31.60 billion during the quarter, compared to analysts’ expectations of $30.58 billion. On average, analysts expect that Alphabet Inc will post 42.07 earnings per share for the current year.

Alphabet 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:GOOGL)

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