TMD Wealth Management LLC Purchases 59 Shares of Alphabet Inc. (NASDAQ:GOOGL)

TMD Wealth Management LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 45.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 190 shares of the information services provider’s stock after purchasing an additional 59 shares during the period. Alphabet comprises 0.2% of TMD Wealth Management LLC’s holdings, making the stock its 27th biggest holding. TMD Wealth Management LLC’s holdings in Alphabet were worth $464,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Inverness Counsel LLC NY grew its holdings in Alphabet by 1.7% during the 2nd quarter. Inverness Counsel LLC NY now owns 36,380 shares of the information services provider’s stock valued at $88,832,000 after purchasing an additional 622 shares during the last quarter. Larson Financial Group LLC boosted its position in Alphabet by 15.8% in the 2nd quarter. Larson Financial Group LLC now owns 205 shares of the information services provider’s stock valued at $501,000 after buying an additional 28 shares during the period. Wealthquest Corp boosted its position in Alphabet by 9.5% in the 2nd quarter. Wealthquest Corp now owns 266 shares of the information services provider’s stock valued at $649,000 after buying an additional 23 shares during the period. National Asset Management Inc. boosted its position in Alphabet by 1.1% in the 2nd quarter. National Asset Management Inc. now owns 13,032 shares of the information services provider’s stock valued at $30,821,000 after buying an additional 137 shares during the period. Finally, One Charles Private Wealth Services LLC purchased a new stake in Alphabet in the 2nd quarter valued at about $742,000. Institutional investors own 34.43% of the company’s stock.

NASDAQ GOOGL traded down $7.66 during mid-day trading on Wednesday, reaching $2,843.23. 25,222 shares of the stock were exchanged, compared to its average volume of 1,521,662. The business’s 50 day moving average is $2,721.31 and its 200-day moving average is $2,428.14. Alphabet Inc. has a 1 year low of $1,402.15 and a 1 year high of $2,925.07. The company has a market capitalization 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. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.14 and a current ratio of 3.15.

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

GOOGL has been the subject of several research reports. Truist boosted their price objective 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. Stifel Nicolaus upped their price target on shares of Alphabet from $2,700.00 to $3,000.00 and gave the stock a “buy” rating in a research report on Wednesday, July 28th. Canaccord Genuity upped their price target on shares of Alphabet from $2,800.00 to $3,100.00 and gave the stock a “buy” rating in a research report on Wednesday, July 28th. BMO Capital Markets upped their price target on shares of Alphabet from $2,700.00 to $3,000.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 28th. Finally, Mizuho upped their price target on shares of Alphabet from $2,800.00 to $3,000.00 and gave the stock a “buy” rating in a research report on Wednesday, July 28th. Three research analysts have rated the stock with a hold rating and thirty-nine have assigned a buy rating to the company’s stock. According to MarketBeat, Alphabet presently has an average rating of “Buy” and an average price target of $2,841.72.

About Alphabet

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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