Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. grew its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 22.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,283 shares of the information services provider’s stock after acquiring an additional 7,880 shares during the period. Geneos Wealth Management Inc.’s holdings in Alphabet were worth $5,061,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of GOOGL. Modera Wealth Management LLC raised its holdings in shares of Alphabet by 11.4% in the 1st quarter. Modera Wealth Management LLC now owns 43,230 shares of the information services provider’s stock valued at $4,484,000 after purchasing an additional 4,420 shares in the last quarter. Atria Investments Inc increased its holdings in Alphabet by 7.4% in the first quarter. Atria Investments Inc now owns 316,800 shares of the information services provider’s stock valued at $32,918,000 after buying an additional 21,907 shares during the last quarter. Cadent Capital Advisors LLC raised its stake in Alphabet by 3.4% in the second quarter. Cadent Capital Advisors LLC now owns 4,158 shares of the information services provider’s stock valued at $498,000 after buying an additional 136 shares in the last quarter. Hallmark Capital Management Inc. boosted its position in shares of Alphabet by 8.9% during the 1st quarter. Hallmark Capital Management Inc. now owns 167,148 shares of the information services provider’s stock worth $17,338,000 after acquiring an additional 13,605 shares in the last quarter. Finally, Soltis Investment Advisors LLC increased its holdings in shares of Alphabet by 17.1% in the 1st quarter. Soltis Investment Advisors LLC now owns 46,675 shares of the information services provider’s stock valued at $4,842,000 after acquiring an additional 6,825 shares during the last quarter. Hedge funds and other institutional investors own 35.08% of the company’s stock.

Insider Buying and Selling at Alphabet

In related news, Director Frances Arnold sold 250 shares of Alphabet stock in a transaction on Monday, October 30th. The stock was sold at an average price of $124.36, for a total transaction of $31,090.00. Following the completion of the transaction, the director now directly owns 14,226 shares of the company’s stock, valued at $1,769,145.36. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Alphabet news, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $132.92, for a total transaction of $26,584.00. Following the completion of the transaction, the director now owns 7,184 shares in the company, valued at $954,897.28. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Frances Arnold sold 250 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $124.36, for a total transaction of $31,090.00. Following the completion of the sale, the director now owns 14,226 shares in the company, valued at $1,769,145.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 176,576 shares of company stock valued at $23,425,367. Corporate insiders own 0.88% of the company’s stock.

Alphabet Price Performance

Alphabet stock opened at $135.31 on Monday. The company has a market cap of $1.69 trillion, a P/E ratio of 25.97, a price-to-earnings-growth ratio of 1.51 and a beta of 1.05. Alphabet Inc. has a one year low of $84.86 and a one year high of $141.22. The business has a fifty day moving average of $133.44 and a two-hundred day moving average of $127.65. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.01 and a current ratio of 2.04.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Tuesday, October 24th. The information services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.45 by $0.10. The firm had revenue of $64.05 billion during the quarter, compared to analysts’ expectations of $63.13 billion. Alphabet had a net margin of 22.46% and a return on equity of 25.24%. As a group, analysts predict that Alphabet Inc. will post 5.74 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on GOOGL shares. JPMorgan Chase & Co. boosted their target price on Alphabet from $121.00 to $150.00 in a research note on Wednesday, July 26th. Piper Sandler increased their target price on shares of Alphabet from $147.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, October 25th. Royal Bank of Canada reissued an “outperform” rating and issued a $155.00 price target on shares of Alphabet in a research report on Wednesday, October 25th. Evercore ISI raised their price objective on Alphabet from $130.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, July 26th. Finally, StockNews.com downgraded Alphabet from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 14th. Five analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $147.00.

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.