3,564 Shares in Alphabet Inc. $GOOG Bought by Rational Advisors Inc.

Rational Advisors Inc. acquired a new position in shares of Alphabet Inc. (NASDAQ:GOOG) in the 2nd quarter, Holdings Channel reports. The fund acquired 3,564 shares of the information services provider’s stock, valued at approximately $632,000.

Several other hedge funds and other institutional investors also recently modified their holdings of GOOG. IFS Advisors LLC increased its stake in Alphabet by 400.0% in the second quarter. IFS Advisors LLC now owns 150 shares of the information services provider’s stock valued at $27,000 after acquiring an additional 120 shares during the last quarter. Robbins Farley increased its stake in Alphabet by 60.0% in the second quarter. Robbins Farley now owns 160 shares of the information services provider’s stock valued at $28,000 after acquiring an additional 60 shares during the last quarter. WestEnd Advisors LLC increased its stake in Alphabet by 58.7% in the second quarter. WestEnd Advisors LLC now owns 165 shares of the information services provider’s stock valued at $29,000 after acquiring an additional 61 shares during the last quarter. MorganRosel Wealth Management LLC bought a new position in Alphabet in the first quarter valued at $26,000. Finally, Fairman Group LLC increased its stake in Alphabet by 121.3% in the second quarter. Fairman Group LLC now owns 177 shares of the information services provider’s stock valued at $31,000 after acquiring an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insiders Place Their Bets

In other Alphabet news, insider John Kent Walker sold 17,816 shares of the firm’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $247.42, for a total value of $4,408,034.72. Following the completion of the sale, the insider directly owned 42,985 shares in the company, valued at $10,635,348.70. This trade represents a 29.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Frances Arnold sold 103 shares of the firm’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $243.13, for a total transaction of $25,042.39. Following the completion of the sale, the director owned 17,284 shares of the company’s stock, valued at $4,202,258.92. This trade represents a 0.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 246,150 shares of company stock valued at $55,805,379 over the last ninety days. 12.99% of the stock is owned by corporate insiders.

Analyst Ratings Changes

GOOG has been the topic of a number of research analyst reports. Barclays reissued a “buy” rating on shares of Alphabet in a research note on Wednesday, July 9th. Cowen restated a “buy” rating on shares of Alphabet in a research report on Wednesday, October 8th. Jefferies Financial Group upped their price target on shares of Alphabet from $230.00 to $285.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Lake Street Capital restated a “buy” rating on shares of Alphabet in a research report on Wednesday, July 9th. Finally, KeyCorp set a $265.00 price target on shares of Alphabet in a research report on Wednesday, September 3rd. Six investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and an average price target of $280.45.

Alphabet Stock Performance

Alphabet stock opened at $269.93 on Tuesday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. The firm has a 50-day moving average of $238.65 and a 200-day moving average of $197.67. The firm has a market cap of $3.26 trillion, a P/E ratio of 28.75, a P/E/G ratio of 1.76 and a beta of 1.00. Alphabet Inc. has a 1-year low of $142.66 and a 1-year high of $270.80.

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.