Alphabet Inc. (NASDAQ:GOOG) Holdings Trimmed by CFM Wealth Partners LLC

CFM Wealth Partners LLC trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 45,655 shares of the information services provider’s stock after selling 86 shares during the period. Alphabet accounts for 1.4% of CFM Wealth Partners LLC’s investment portfolio, making the stock its 20th biggest holding. CFM Wealth Partners LLC’s holdings in Alphabet were worth $6,951,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOG. Richardson Financial Services Inc. purchased a new position in Alphabet during the 4th quarter worth approximately $34,000. Duncan Williams Asset Management LLC acquired a new stake in shares of Alphabet during the 1st quarter valued at $289,000. Trust Co. of Toledo NA OH boosted its stake in shares of Alphabet by 2.8% during the 1st quarter. Trust Co. of Toledo NA OH now owns 38,318 shares of the information services provider’s stock valued at $5,834,000 after buying an additional 1,043 shares during the period. Advance Capital Management Inc. boosted its stake in shares of Alphabet by 58.7% during the 1st quarter. Advance Capital Management Inc. now owns 6,299 shares of the information services provider’s stock valued at $959,000 after buying an additional 2,330 shares during the period. Finally, Moody National Bank Trust Division boosted its stake in shares of Alphabet by 1.0% during the 1st quarter. Moody National Bank Trust Division now owns 41,187 shares of the information services provider’s stock valued at $6,271,000 after buying an additional 395 shares during the period. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on GOOG shares. Wolfe Research raised shares of Alphabet to a “strong-buy” rating in a research note on Tuesday, July 16th. Cantor Fitzgerald raised shares of Alphabet to a “hold” rating in a research note on Thursday, September 5th. Oppenheimer reduced their price objective on shares of Alphabet from $210.00 to $185.00 and set an “outperform” rating for the company in a research note on Wednesday, September 25th. Pivotal Research began coverage on shares of Alphabet in a research note on Tuesday, October 1st. They issued a “buy” rating and a $215.00 price objective for the company. Finally, DA Davidson raised shares of Alphabet to a “hold” rating in a research note on Tuesday, September 10th. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $186.90.

Insider Transactions at Alphabet

In other news, SVP Prabhakar Raghavan sold 34,257 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the transaction, the senior vice president now owns 312,210 shares in the company, valued at approximately $50,765,346. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, SVP Prabhakar Raghavan sold 34,257 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $162.60, for a total value of $5,570,188.20. Following the sale, the senior vice president now owns 312,210 shares of the company’s stock, valued at $50,765,346. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $168.00, for a total transaction of $114,576.00. Following the completion of the sale, the chief accounting officer now directly owns 31,334 shares in the company, valued at approximately $5,264,112. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 197,926 shares of company stock worth $32,251,590. 12.99% of the stock is currently owned by company insiders.

Alphabet Stock Performance

Shares of GOOG opened at $166.90 on Wednesday. The company’s fifty day moving average price is $163.05 and its 200 day moving average price is $169.57. Alphabet Inc. has a one year low of $121.46 and a one year high of $193.31. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08. The company has a market capitalization of $2.06 trillion, a PE ratio of 25.60, a price-to-earnings-growth ratio of 1.21 and a beta of 1.04.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.04. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The company had revenue of $84.74 billion for the quarter, compared to the consensus estimate of $84.22 billion. During the same quarter in the previous year, the firm posted $1.44 EPS. The business’s revenue was up 13.6% compared to the same quarter last year. As a group, analysts expect that Alphabet Inc. will post 7.64 earnings per share for the current year.

Alphabet Company 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, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.