Total Clarity Wealth Management Inc. Grows Stock Holdings in Alphabet Inc. (NASDAQ:GOOGL)

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Total Clarity Wealth Management Inc. increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 16.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,243 shares of the information services provider’s stock after buying an additional 174 shares during the period. Alphabet comprises about 1.9% of Total Clarity Wealth Management Inc.’s holdings, making the stock its 8th biggest position. Total Clarity Wealth Management Inc.’s holdings in Alphabet were worth $3,458,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. State Street Corp increased its holdings in Alphabet by 1.4% during the fourth quarter. State Street Corp now owns 11,252,792 shares of the information services provider’s stock worth $32,599,789,000 after buying an additional 157,280 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Alphabet by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 5,322,633 shares of the information services provider’s stock worth $15,381,257,000 after purchasing an additional 116,084 shares in the last quarter. Norges Bank purchased a new position in shares of Alphabet in the fourth quarter worth about $14,477,662,000. Massachusetts Financial Services Co. MA increased its stake in shares of Alphabet by 0.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,825,959 shares of the information services provider’s stock worth $8,186,916,000 after purchasing an additional 20,120 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Alphabet by 14.1% in the fourth quarter. Invesco Ltd. now owns 2,292,059 shares of the information services provider’s stock worth $6,640,190,000 after purchasing an additional 283,907 shares in the last quarter. Hedge funds and other institutional investors own 41.70% of the company’s stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Ann Mather sold 20 shares of the company’s stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $2,383.32, for a total transaction of $47,666.40. Following the transaction, the director now owns 565 shares in the company, valued at approximately $1,346,575.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Ann Mather sold 20 shares of the stock in a transaction that occurred on Monday, June 27th. The shares were sold at an average price of $2,383.32, for a total value of $47,666.40. Following the transaction, the director now owns 565 shares in the company, valued at approximately $1,346,575.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 42 shares of the stock in a transaction that occurred on Tuesday, May 3rd. The stock was sold at an average price of $2,335.30, for a total transaction of $98,082.60. Following the completion of the transaction, the chief accounting officer now owns 1,170 shares in the company, valued at approximately $2,732,301. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,739 shares of company stock worth $12,616,323. Company insiders own 11.44% of the company’s stock.

Wall Street Analyst Weigh In

GOOGL has been the subject of several recent research reports. Mizuho reduced their target price on shares of Alphabet from $175.00 to $150.00 and set a “buy” rating for the company in a research note on Friday. Stifel Nicolaus set a $155.00 target price on shares of Alphabet in a research note on Monday, July 18th. Wells Fargo & Company reduced their target price on shares of Alphabet from $180.00 to $170.00 in a research note on Wednesday, April 27th. JMP Securities reduced their price objective on shares of Alphabet from $165.00 to $160.00 and set a “market outperform” rating for the company in a research note on Thursday, June 30th. Finally, Morgan Stanley reduced their price objective on shares of Alphabet to $150.00 and set an “overweight” rating for the company in a research note on Monday, July 18th. Three investment analysts have rated the stock with a hold rating, thirty-four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and an average price target of $158.36.

Alphabet Stock Down 5.6 %

NASDAQ:GOOGL opened at $107.90 on Monday. The company has a market capitalization of $71.05 billion, a PE ratio of 19.52, a P/E/G ratio of 1.12 and a beta of 1.10. The firm’s 50-day moving average price is $154.58 and its 200-day moving average price is $139.70. Alphabet Inc. has a 1-year low of $101.88 and a 1-year high of $151.55. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.87 and a quick ratio of 2.85.

Alphabet (NASDAQ:GOOGLGet Rating) last announced its quarterly earnings results on Tuesday, April 26th. The information services provider reported $1.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.05). The firm had revenue of $56.02 billion during the quarter, compared to the consensus estimate of $56.17 billion. Alphabet had a return on equity of 30.18% and a net margin of 27.57%. During the same quarter in the previous year, the firm earned $1.31 EPS. On average, equities analysts predict that Alphabet Inc. will post 5.37 EPS for the current fiscal year.

Alphabet Company Profile

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Alphabet Inc provides 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 offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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