David J Yvars Group Has $452,000 Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

David J Yvars Group lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 22.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,780 shares of the information services provider’s stock after purchasing an additional 700 shares during the quarter. David J Yvars Group’s holdings in Alphabet were worth $452,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of GOOGL. Czech National Bank boosted its holdings in shares of Alphabet by 0.3% during the 2nd quarter. Czech National Bank now owns 703,296 shares of the information services provider’s stock worth $84,185,000 after buying an additional 1,785 shares during the period. Level Four Advisory Services LLC boosted its holdings in shares of Alphabet by 3.9% during the 2nd quarter. Level Four Advisory Services LLC now owns 128,341 shares of the information services provider’s stock worth $15,362,000 after buying an additional 4,849 shares during the period. First Affirmative Financial Network boosted its holdings in shares of Alphabet by 15.5% during the 2nd quarter. First Affirmative Financial Network now owns 8,103 shares of the information services provider’s stock worth $970,000 after buying an additional 1,090 shares during the period. Pure Financial Advisors LLC grew its position in Alphabet by 2.9% in the 2nd quarter. Pure Financial Advisors LLC now owns 9,416 shares of the information services provider’s stock worth $1,127,000 after purchasing an additional 265 shares during the last quarter. Finally, Financial Management Professionals Inc. grew its position in Alphabet by 5.0% in the 2nd quarter. Financial Management Professionals Inc. now owns 4,811 shares of the information services provider’s stock worth $576,000 after purchasing an additional 227 shares during the last quarter. Institutional investors and hedge funds own 35.08% of the company’s stock.

Alphabet Stock Up 0.6 %

Alphabet stock opened at $138.21 on Tuesday. The firm has a 50 day moving average price of $129.60 and a two-hundred day moving average price of $117.88. The firm has a market cap of $1.74 trillion, a price-to-earnings ratio of 29.28, a PEG ratio of 1.59 and a beta of 1.06. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.14 and a current ratio of 2.17. Alphabet Inc. has a 52-week low of $83.34 and a 52-week high of $139.16.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, July 25th. The information services provider reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.12. Alphabet had a net margin of 21.05% and a return on equity of 23.49%. The company had revenue of $74.60 billion during the quarter, compared to analyst estimates of $60.24 billion. During the same quarter in the previous year, the business posted $1.21 EPS. Equities analysts predict that Alphabet Inc. will post 5.68 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Loop Capital raised their price target on shares of Alphabet from $125.00 to $140.00 and gave the stock a “hold” rating in a research report on Friday, August 18th. Mizuho lifted their target price on shares of Alphabet from $135.00 to $155.00 in a research report on Wednesday, July 26th. Credit Suisse Group lifted their target price on shares of Alphabet from $135.00 to $150.00 and gave the company an “outperform” rating in a research report on Monday, July 17th. Barclays lifted their target price on shares of Alphabet from $160.00 to $200.00 in a research report on Wednesday, July 26th. Finally, TD Cowen lifted their target price on shares of Alphabet from $130.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday, July 13th. Four investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.89.

Insider Activity at Alphabet

In related news, SVP Prabhakar Raghavan sold 16,083 shares of Alphabet stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $120.31, for a total value of $1,934,945.73. Following the completion of the sale, the senior vice president now owns 127,028 shares of the company’s stock, valued at approximately $15,282,738.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Alphabet news, Director Ann Mather sold 380 shares of Alphabet stock in a transaction on Monday, June 26th. The shares were sold at an average price of $121.42, for a total transaction of $46,139.60. Following the transaction, the director now directly 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 hyperlink. Also, SVP Prabhakar Raghavan sold 16,083 shares of Alphabet stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $120.31, for a total transaction of $1,934,945.73. Following the transaction, the senior vice president now directly owns 127,028 shares in the company, valued at $15,282,738.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 96,092 shares of company stock valued at $12,221,941. 0.88% of the stock is owned by company insiders.

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.