TMD Wealth Management LLC Has $464,000 Position in Alphabet Inc. (NASDAQ:GOOGL)

TMD Wealth Management LLC lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 45.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 190 shares of the information services provider’s stock after buying an additional 59 shares during the period. Alphabet comprises about 0.2% of TMD Wealth Management LLC’s investment portfolio, making the stock its 27th largest holding. TMD Wealth Management LLC’s holdings in Alphabet were worth $464,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of GOOGL. Laurel Wealth Planning LLC acquired a new position in Alphabet during the second quarter valued at approximately $27,000. Sage Financial Management Group Inc. acquired a new position in Alphabet during the first quarter valued at approximately $56,000. Harvest Group Wealth Management LLC acquired a new position in Alphabet during the second quarter valued at approximately $66,000. DB Wealth Management Group LLC boosted its position in Alphabet by 18.9% during the first quarter. DB Wealth Management Group LLC now owns 44 shares of the information services provider’s stock valued at $91,000 after purchasing an additional 7 shares during the last quarter. Finally, BigSur Wealth Management LLC boosted its position in Alphabet by 80.0% during the first quarter. BigSur Wealth Management LLC now owns 45 shares of the information services provider’s stock valued at $93,000 after purchasing an additional 20 shares during the last quarter. 34.43% of the stock is owned by institutional investors.

Shares of GOOGL stock traded down $7.66 during mid-day trading on Wednesday, hitting $2,843.23. The company’s stock had a trading volume of 25,222 shares, compared to its average volume of 1,521,662. The company’s fifty day simple moving average is $2,721.31 and its 200-day simple moving average is $2,428.14. Alphabet Inc. has a 52 week low of $1,402.15 and a 52 week high of $2,925.07. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.14 and a current ratio of 3.15. The company has a market cap of $1.90 trillion, a PE ratio of 30.76, a P/E/G ratio of 1.83 and a beta of 1.00.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Monday, July 26th. The information services provider reported $27.26 EPS for the quarter, beating analysts’ consensus estimates of $19.89 by $7.37. Alphabet had a return on equity of 27.87% and a net margin of 28.57%. The business had revenue of $50.95 billion during the quarter, compared to analyst estimates of $46.07 billion. During the same period in the previous year, the company posted $10.13 EPS. On average, equities analysts anticipate that Alphabet Inc. will post 101.86 earnings per share for the current year.

A number of analysts have recently issued reports on GOOGL shares. Stifel Nicolaus raised their price objective on Alphabet from $2,700.00 to $3,000.00 and gave the company a “buy” rating in a research report on Wednesday, July 28th. Mizuho raised their price objective on Alphabet from $2,800.00 to $3,000.00 and gave the company a “buy” rating in a research report on Wednesday, July 28th. KGI Securities began coverage on Alphabet in a research report on Wednesday, June 2nd. They issued an “outperform” rating and a $3,000.00 price objective for the company. Truist increased their target price on Alphabet from $2,800.00 to $3,100.00 and gave the stock a “buy” rating in a research note on Wednesday, July 28th. Finally, Canaccord Genuity increased their target price on Alphabet from $2,800.00 to $3,100.00 and gave the stock a “buy” rating in a research note on Wednesday, July 28th. Three investment analysts have rated the stock with a hold rating and thirty-nine have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $2,841.72.

About Alphabet

Alphabet, Inc is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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