Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Octavia Wealth Advisors LLC

Octavia Wealth Advisors LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.5% in the third quarter, HoldingsChannel.com reports. The firm owned 111,324 shares of the information services provider’s stock after acquiring an additional 554 shares during the quarter. Alphabet comprises 2.3% of Octavia Wealth Advisors LLC’s holdings, making the stock its 13th largest position. Octavia Wealth Advisors LLC’s holdings in Alphabet were worth $18,463,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Christopher J. Hasenberg Inc boosted its holdings in shares of Alphabet by 75.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock valued at $26,000 after buying an additional 60 shares in the last quarter. Tributary Capital Management LLC acquired a new position in Alphabet in the first quarter valued at $30,000. Kings Path Partners LLC acquired a new stake in shares of Alphabet during the second quarter worth about $36,000. Denver PWM LLC purchased a new stake in shares of Alphabet in the 2nd quarter valued at about $41,000. Finally, CarsonAllaria Wealth Management Ltd. boosted its position in shares of Alphabet by 59.2% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 293 shares of the information services provider’s stock valued at $44,000 after purchasing an additional 109 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on GOOGL shares. Pivotal Research raised Alphabet to a “strong-buy” rating in a research report on Tuesday, October 1st. Roth Mkm reiterated a “buy” rating and issued a $206.00 price target on shares of Alphabet in a research report on Thursday, August 29th. Jefferies Financial Group increased their price target on shares of Alphabet from $215.00 to $220.00 in a research note on Tuesday, July 9th. Wells Fargo & Company reduced their target price on shares of Alphabet from $190.00 to $182.00 and set an “equal weight” rating for the company in a report on Wednesday, October 2nd. Finally, Mizuho increased their price target on Alphabet from $205.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Eight analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and an average target price of $201.76.

Insider Buying and Selling

In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $166.30, for a total value of $3,741,750.00. Following the transaction, the chief executive officer now owns 2,106,806 shares in the company, valued at approximately $350,361,837.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $166.30, for a total value of $3,741,750.00. Following the transaction, the chief executive officer now directly owns 2,106,806 shares of the company’s stock, valued at $350,361,837.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $168.00, for a total transaction of $114,576.00. Following the sale, the chief accounting officer now owns 31,334 shares of the company’s stock, valued at approximately $5,264,112. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 220,426 shares of company stock valued at $35,993,340. Insiders own 11.55% of the company’s stock.

Alphabet Stock Up 0.3 %

GOOGL stock opened at $163.42 on Monday. Alphabet Inc. has a one year low of $120.21 and a one year high of $191.75. The stock has a market capitalization of $2.02 trillion, a P/E ratio of 25.06, a PEG ratio of 1.21 and a beta of 1.04. The company has a 50 day moving average price of $161.77 and a two-hundred day moving average price of $168.25. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.04. The firm had revenue of $84.74 billion for the quarter, compared to the consensus estimate of $70.60 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. During the same period in the prior year, the business posted $1.44 earnings per share. As a group, sell-side analysts expect that Alphabet Inc. will post 7.64 EPS 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.