Enzi Wealth Acquires Shares of 1,173 Alphabet Inc. (NASDAQ:GOOG)

Enzi Wealth bought a new position in Alphabet Inc. (NASDAQ:GOOG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,173 shares of the information services provider’s stock, valued at approximately $235,000.

A number of other large investors have also modified their holdings of GOOG. Czech National Bank grew its position in shares of Alphabet by 5.1% in the 3rd quarter. Czech National Bank now owns 978,396 shares of the information services provider’s stock worth $163,578,000 after acquiring an additional 47,171 shares in the last quarter. GAMMA Investing LLC increased its position in Alphabet by 22.7% in the 3rd quarter. GAMMA Investing LLC now owns 66,213 shares of the information services provider’s stock valued at $11,070,000 after acquiring an additional 12,237 shares during the period. Diversified Trust Co raised its stake in Alphabet by 3.5% during the 3rd quarter. Diversified Trust Co now owns 113,498 shares of the information services provider’s stock valued at $18,976,000 after acquiring an additional 3,837 shares in the last quarter. Smith Anglin Financial LLC boosted its position in Alphabet by 68.0% during the 3rd quarter. Smith Anglin Financial LLC now owns 4,929 shares of the information services provider’s stock worth $824,000 after acquiring an additional 1,995 shares during the period. Finally, Chemistry Wealth Management LLC grew its stake in shares of Alphabet by 0.5% in the third quarter. Chemistry Wealth Management LLC now owns 104,739 shares of the information services provider’s stock worth $17,511,000 after purchasing an additional 526 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Wall Street Analyst Weigh In

GOOG has been the subject of a number of research reports. Canaccord Genuity Group increased their price target on Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Seaport Res Ptn upgraded shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. lifted their price objective on shares of Alphabet from $208.00 to $212.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Phillip Securities raised shares of Alphabet to a “strong-buy” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company upped their price target on Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $209.13.

Insider Activity

In related news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $177.36, for a total value of $3,990,600.00. Following the sale, the chief executive officer now owns 2,084,306 shares in the company, valued at approximately $369,672,512.16. This represents a 1.07 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kavitark Ram Shriram sold 37,134 shares of the stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the completion of the transaction, the director now directly owns 282,832 shares in the company, valued at $52,329,576.64. The trade was a 11.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 121,189 shares of company stock valued at $22,182,696. 12.99% of the stock is owned by insiders.

Alphabet Price Performance

NASDAQ:GOOG opened at $205.60 on Monday. The stock’s 50-day simple moving average is $190.48 and its 200 day simple moving average is $175.60. Alphabet Inc. has a 52-week low of $131.55 and a 52-week high of $207.08. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The company has a market cap of $2.52 trillion, a P/E ratio of 27.27, a P/E/G ratio of 1.27 and a beta of 0.99.

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, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.