Alphabet Inc. (NASDAQ:GOOG) Shares Bought by Mayfair Advisory Group LLC

Mayfair Advisory Group LLC increased its stake in Alphabet Inc. (NASDAQ:GOOG) by 15.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,992 shares of the information services provider’s stock after buying an additional 410 shares during the quarter. Mayfair Advisory Group LLC’s holdings in Alphabet were worth $504,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Firethorn Wealth Partners LLC grew its stake in shares of Alphabet by 51.2% during the first quarter. Firethorn Wealth Partners LLC now owns 3,371 shares of the information services provider’s stock valued at $513,000 after acquiring an additional 1,142 shares in the last quarter. Asio Capital LLC grew its stake in Alphabet by 1.9% during the 1st quarter. Asio Capital LLC now owns 81,229 shares of the information services provider’s stock valued at $12,368,000 after purchasing an additional 1,526 shares in the last quarter. Kathmere Capital Management LLC raised its position in shares of Alphabet by 28.4% in the 1st quarter. Kathmere Capital Management LLC now owns 15,521 shares of the information services provider’s stock valued at $2,363,000 after purchasing an additional 3,434 shares in the last quarter. Silverleafe Capital Partners LLC boosted its stake in shares of Alphabet by 184.6% during the 1st quarter. Silverleafe Capital Partners LLC now owns 9,387 shares of the information services provider’s stock valued at $1,429,000 after buying an additional 6,089 shares during the last quarter. Finally, OneAscent Wealth Management LLC acquired a new stake in shares of Alphabet during the first quarter worth approximately $289,000. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GOOG has been the topic of several recent analyst reports. Wolfe Research raised shares of Alphabet to a “strong-buy” rating in a report on Tuesday, July 16th. Pivotal Research assumed coverage on shares of Alphabet in a research report on Tuesday, October 1st. They set a “buy” rating and a $215.00 price target on the stock. Oppenheimer lowered their price objective on Alphabet from $210.00 to $185.00 and set an “outperform” rating for the company in a report on Wednesday, September 25th. Cantor Fitzgerald raised Alphabet to a “hold” rating in a report on Thursday, September 5th. Finally, TD Cowen boosted their price target on Alphabet from $200.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Four analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $186.90.

Alphabet Price Performance

Shares of GOOG opened at $166.99 on Friday. Alphabet Inc. has a 12 month low of $121.46 and a 12 month high of $193.31. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08. The stock has a fifty day moving average price of $163.35 and a 200 day moving average price of $170.04. The company has a market cap of $2.06 trillion, a P/E ratio of 23.96, a PEG ratio of 1.27 and a beta of 1.04.

Insider Activity

In related news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $168.00, for a total value of $114,576.00. Following the sale, the chief accounting officer now owns 31,334 shares of the company’s stock, valued at $5,264,112. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $168.00, for a total value of $114,576.00. Following the completion of the transaction, the chief accounting officer now directly owns 31,334 shares of the company’s stock, valued at $5,264,112. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John Kent Walker sold 21,467 shares of Alphabet stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $160.35, for a total value of $3,442,233.45. Following the sale, the insider now directly owns 39,334 shares in the company, valued at $6,307,206.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 220,426 shares of company stock valued at $35,993,340. 12.99% of the stock is currently owned by company insiders.

About Alphabet

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.