CRA Financial Services LLC Has $3.34 Million Stock Position in Alphabet Inc. (NASDAQ:GOOG)

CRA Financial Services LLC lessened its stake in Alphabet Inc. (NASDAQ:GOOG) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,610 shares of the information services provider’s stock after selling 250 shares during the quarter. Alphabet makes up 0.9% of CRA Financial Services LLC’s holdings, making the stock its 24th biggest position. CRA Financial Services LLC’s holdings in Alphabet were worth $3,340,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mark Sheptoff Financial Planning LLC increased its position in Alphabet by 142.9% during the first quarter. Mark Sheptoff Financial Planning LLC now owns 340 shares of the information services provider’s stock worth $35,000 after buying an additional 200 shares during the last quarter. Milestone Wealth LLC boosted its stake in shares of Alphabet by 1,900.0% during the 3rd quarter. Milestone Wealth LLC now owns 380 shares of the information services provider’s stock worth $37,000 after acquiring an additional 361 shares during the period. Bbjs Financial Advisors LLC acquired a new position in shares of Alphabet during the 4th quarter worth approximately $48,000. GW&K Investment Management LLC bought a new stake in Alphabet in the 1st quarter valued at $50,000. Finally, Schubert & Co lifted its holdings in Alphabet by 54.7% during the 1st quarter. Schubert & Co now owns 498 shares of the information services provider’s stock valued at $52,000 after purchasing an additional 176 shares during the last quarter. 27.13% of the stock is owned by institutional investors.

Alphabet Trading Up 0.5 %

GOOG opened at $138.96 on Tuesday. The stock has a market capitalization of $1.75 trillion, a price-to-earnings ratio of 29.44, a P/E/G ratio of 1.59 and a beta of 1.06. The company has a quick ratio of 2.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a twelve month low of $83.45 and a twelve month high of $139.93. The company has a 50-day simple moving average of $130.22 and a 200 day simple moving average of $118.50.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Tuesday, July 25th. The information services provider reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.12. The company had revenue of $74.60 billion during the quarter, compared to the consensus estimate of $72.85 billion. Alphabet had a net margin of 21.05% and a return on equity of 23.49%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.21 EPS. Analysts predict that Alphabet Inc. will post 5.68 EPS for the current fiscal year.

Insider Buying and Selling at Alphabet

In other news, Director Ann Mather sold 380 shares of the business’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $121.42, for a total transaction of $46,139.60. Following the completion of the transaction, the director now owns 4,700 shares of the company’s stock, valued at approximately $570,674. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider John Kent Walker sold 42,900 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $136.51, for a total value of $5,856,279.00. Following the sale, the insider now directly owns 10,383 shares of the company’s stock, valued at approximately $1,417,383.33. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ann Mather sold 380 shares of the stock in a transaction on Monday, June 26th. The stock was sold at an average price of $121.42, for a total transaction of $46,139.60. Following the sale, the director now owns 4,700 shares of the company’s stock, valued at $570,674. The disclosure for this sale can be found here. In the last quarter, insiders have sold 96,092 shares of company stock valued at $12,221,941. 12.99% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on GOOG. Wedbush assumed coverage on shares of Alphabet in a report on Monday, August 21st. They issued an “outperform” rating on the stock. Susquehanna increased their price target on shares of Alphabet from $120.00 to $150.00 in a report on Wednesday, July 26th. Robert W. Baird raised their price objective on shares of Alphabet from $123.00 to $140.00 in a research report on Wednesday, July 26th. Finally, Oppenheimer upped their target price on Alphabet from $145.00 to $160.00 in a research report on Wednesday, July 26th. Thirteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Alphabet currently has an average rating of “Buy” and a consensus price target of $130.94.

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.