Tempus Wealth Planning LLC Has $536,000 Position in Alphabet Inc. (NASDAQ:GOOG)

Tempus Wealth Planning LLC raised its stake in Alphabet Inc. (NASDAQ:GOOG) by 2.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,432 shares of the information services provider’s stock after purchasing an additional 95 shares during the period. Tempus Wealth Planning LLC’s holdings in Alphabet were worth $536,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Concentrum Wealth Management lifted its stake in shares of Alphabet by 0.3% during the 4th quarter. Concentrum Wealth Management now owns 17,328 shares of the information services provider’s stock worth $3,300,000 after purchasing an additional 57 shares during the last quarter. JDM Financial Group LLC lifted its stake in shares of Alphabet by 10.6% during the 4th quarter. JDM Financial Group LLC now owns 593 shares of the information services provider’s stock worth $113,000 after purchasing an additional 57 shares during the last quarter. Kidder Stephen W raised its stake in Alphabet by 1.6% in the fourth quarter. Kidder Stephen W now owns 3,608 shares of the information services provider’s stock valued at $687,000 after buying an additional 58 shares during the last quarter. Providence Wealth Advisors LLC raised its stake in Alphabet by 0.6% in the fourth quarter. Providence Wealth Advisors LLC now owns 10,102 shares of the information services provider’s stock valued at $1,992,000 after buying an additional 60 shares during the last quarter. Finally, Objectivity Squared LLC raised its stake in Alphabet by 0.4% in the first quarter. Objectivity Squared LLC now owns 16,342 shares of the information services provider’s stock valued at $2,605,000 after buying an additional 62 shares during the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Up 0.9%

Alphabet stock opened at $193.20 on Friday. The firm has a market cap of $2.34 trillion, a price-to-earnings ratio of 20.58, a price-to-earnings-growth ratio of 1.33 and a beta of 1.01. Alphabet Inc. has a 52 week low of $142.66 and a 52 week high of $208.70. The business’s 50-day moving average price is $176.33 and its 200 day moving average price is $174.69. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, topping the consensus estimate of $2.12 by $0.19. The firm had revenue of $96.43 billion for the quarter, compared to analyst estimates of $93.67 billion. Alphabet had a return on equity of 35.22% and a net margin of 31.12%. Alphabet’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period last year, the company earned $1.89 earnings per share. As a group, sell-side analysts anticipate that Alphabet Inc. will post 8.89 earnings per share for the current year.

Insider Buying and Selling

In related news, Director John L. Hennessy sold 400 shares of the firm’s stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $181.98, for a total transaction of $72,792.00. Following the sale, the director directly owned 6,013 shares of the company’s stock, valued at $1,094,245.74. This trade represents a 6.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kavitark Ram Shriram sold 18,566 shares of the firm’s stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $185.76, for a total value of $3,448,820.16. Following the sale, the director directly owned 243,400 shares in the company, valued at approximately $45,213,984. This trade represents a 7.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 249,409 shares of company stock valued at $43,523,710 over the last ninety days. Company insiders own 12.99% of the company’s stock.

Analyst Upgrades and Downgrades

GOOG has been the subject of a number of research analyst reports. Lake Street Capital reiterated a “buy” rating on shares of Alphabet in a research note on Wednesday, July 9th. Raymond James Financial reiterated an “outperform” rating and issued a $210.00 price target (up from $185.00) on shares of Alphabet in a research note on Thursday. Pivotal Research increased their price target on Alphabet from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Thursday. BNP Paribas cut Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 26th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $171.00 price target on shares of Alphabet in a research note on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, seventeen have assigned a buy rating and five have assigned a strong buy rating to the stock. According to MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and an average target price of $215.19.

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.