Stratos Wealth Partners LTD. Acquires 15,320 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Stratos Wealth Partners LTD. increased its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 4.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 334,330 shares of the information services provider’s stock after buying an additional 15,320 shares during the period. Alphabet comprises approximately 0.8% of Stratos Wealth Partners LTD.’s investment portfolio, making the stock its 20th biggest holding. Stratos Wealth Partners LTD.’s holdings in Alphabet were worth $55,449,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Howard Financial Services LTD. boosted its stake in Alphabet by 7.4% in the first quarter. Howard Financial Services LTD. now owns 7,080 shares of the information services provider’s stock valued at $1,069,000 after acquiring an additional 489 shares in the last quarter. Indiana Trust & Investment Management CO boosted its position in shares of Alphabet by 0.5% in the 1st quarter. Indiana Trust & Investment Management CO now owns 48,914 shares of the information services provider’s stock worth $7,383,000 after purchasing an additional 261 shares in the last quarter. Capital Asset Advisory Services LLC grew its stake in Alphabet by 7.1% during the 1st quarter. Capital Asset Advisory Services LLC now owns 55,493 shares of the information services provider’s stock worth $8,463,000 after buying an additional 3,672 shares during the last quarter. Register Financial Advisors LLC increased its position in Alphabet by 19.8% during the 1st quarter. Register Financial Advisors LLC now owns 2,422 shares of the information services provider’s stock valued at $366,000 after buying an additional 400 shares in the last quarter. Finally, LongView Wealth Management raised its stake in Alphabet by 2.6% in the first quarter. LongView Wealth Management now owns 6,192 shares of the information services provider’s stock valued at $935,000 after buying an additional 157 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Analysts Set New Price Targets

GOOGL has been the topic of a number of research analyst reports. Wells Fargo & Company dropped their price target on Alphabet from $190.00 to $182.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 2nd. Wedbush reissued an “outperform” rating and set a $205.00 target price on shares of Alphabet in a research report on Thursday, October 24th. Citigroup raised their price target on shares of Alphabet from $190.00 to $212.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Cantor Fitzgerald reissued a “neutral” rating and set a $190.00 price objective on shares of Alphabet in a report on Monday, October 7th. Finally, Pivotal Research raised Alphabet to a “strong-buy” rating in a research report on Tuesday, October 1st. Seven research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and a consensus price target of $201.76.

Alphabet Stock Up 0.9 %

Shares of NASDAQ GOOGL opened at $166.72 on Tuesday. Alphabet Inc. has a 52-week low of $122.68 and a 52-week high of $191.75. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. The company’s 50-day simple moving average is $161.95 and its 200-day simple moving average is $168.65. The firm has a market cap of $2.06 trillion, a price-to-earnings ratio of 25.57, a price-to-earnings-growth ratio of 1.27 and a beta of 1.04.

Insiders Place Their Bets

In other news, SVP Prabhakar Raghavan sold 34,257 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $162.60, for a total value of $5,570,188.20. Following the transaction, the senior vice president now owns 312,210 shares in the company, valued at $50,765,346. This trade represents 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 link. In other Alphabet news, CAO Amie Thuener O’toole sold 2,835 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $151.53, for a total value of $429,587.55. Following the transaction, the chief accounting officer now directly owns 29,182 shares of the company’s stock, valued at $4,421,948.46. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Prabhakar Raghavan sold 34,257 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the senior vice president now owns 312,210 shares of the company’s stock, valued at $50,765,346. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 220,426 shares of company stock worth $35,993,340. Corporate insiders own 11.55% of the company’s stock.

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.