Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Evanson Asset Management LLC

Evanson Asset Management LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 2.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 217,333 shares of the information services provider’s stock after purchasing an additional 5,359 shares during the quarter. Alphabet makes up about 2.4% of Evanson Asset Management LLC’s holdings, making the stock its 12th biggest position. Evanson Asset Management LLC’s holdings in Alphabet were worth $26,015,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GOOGL. Hyperion Partners LLC purchased a new position in shares of Alphabet during the second quarter worth approximately $210,000. David J Yvars Group grew its position in shares of Alphabet by 22.7% during the second quarter. David J Yvars Group now owns 3,780 shares of the information services provider’s stock worth $452,000 after acquiring an additional 700 shares during the last quarter. Czech National Bank grew its position in shares of Alphabet by 0.3% during the second quarter. Czech National Bank now owns 703,296 shares of the information services provider’s stock worth $84,185,000 after acquiring an additional 1,785 shares during the last quarter. Level Four Advisory Services LLC grew its position in shares of Alphabet by 3.9% during the second quarter. Level Four Advisory Services LLC now owns 128,341 shares of the information services provider’s stock worth $15,362,000 after acquiring an additional 4,849 shares during the last quarter. Finally, First Affirmative Financial Network grew its position in shares of Alphabet by 15.5% during the second quarter. First Affirmative Financial Network now owns 8,103 shares of the information services provider’s stock worth $970,000 after acquiring an additional 1,090 shares during the last quarter. Institutional investors and hedge funds own 35.08% of the company’s stock.

Insider Transactions at Alphabet

In other Alphabet news, Director Ann Mather sold 380 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $121.42, for a total value of $46,139.60. Following the completion of the transaction, the director now owns 4,700 shares in the company, valued at approximately $570,674. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Alphabet news, SVP Prabhakar Raghavan sold 16,083 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $120.31, for a total value of $1,934,945.73. Following the transaction, the senior vice president now directly owns 127,028 shares of the company’s stock, valued at approximately $15,282,738.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ann Mather sold 380 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $121.42, for a total value of $46,139.60. Following the completion of the transaction, the director now directly owns 4,700 shares in the company, valued at $570,674. The disclosure for this sale can be found here. In the last quarter, insiders sold 96,092 shares of company stock worth $12,221,941. 0.88% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GOOGL. StockNews.com assumed coverage on shares of Alphabet in a research report on Thursday, August 17th. They set a “buy” rating on the stock. Stifel Nicolaus lifted their price objective on shares of Alphabet from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, July 21st. 51job reiterated a “downgrade” rating on shares of Alphabet in a research report on Tuesday, June 27th. JMP Securities reiterated a “market outperform” rating and issued a $138.00 price objective on shares of Alphabet in a research report on Wednesday, August 30th. Finally, Evercore ISI lifted their price objective on shares of Alphabet from $130.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, July 26th. Four investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and a consensus price target of $143.89.

Alphabet Stock Up 0.6 %

GOOGL opened at $138.21 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.17 and a quick ratio of 2.14. The stock has a market capitalization of $1.74 trillion, a price-to-earnings ratio of 29.28, a price-to-earnings-growth ratio of 1.59 and a beta of 1.06. The business has a 50-day moving average of $129.60 and a two-hundred day moving average of $117.88. Alphabet Inc. has a 12 month low of $83.34 and a 12 month high of $139.16.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Tuesday, July 25th. The information services provider reported $1.44 earnings per share (EPS) for the quarter, topping 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 business had revenue of $74.60 billion during the quarter, compared to analysts’ expectations of $60.24 billion. During the same quarter in the previous year, the business earned $1.21 EPS. On average, research analysts expect that Alphabet Inc. will post 5.68 earnings per share for the current year.

Alphabet Profile

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.