Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Independent Investors Inc.

Independent Investors Inc. grew its position in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 1,900.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 9,620 shares of the information services provider’s stock after purchasing an additional 9,139 shares during the quarter. Independent Investors Inc.’s holdings in Alphabet were worth $920,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Artemis Wealth Advisors LLC lifted its holdings in Alphabet by 1,900.0% in the third quarter. Artemis Wealth Advisors LLC now owns 280 shares of the information services provider’s stock worth $27,000 after purchasing an additional 266 shares during the period. Horizons Wealth Management acquired a new stake in Alphabet in the second quarter worth about $33,000. Schubert & Co lifted its holdings in Alphabet by 1,200.0% in the third quarter. Schubert & Co now owns 364 shares of the information services provider’s stock worth $35,000 after purchasing an additional 336 shares during the period. Carolina Wealth Advisors LLC lifted its holdings in Alphabet by 1,900.0% in the third quarter. Carolina Wealth Advisors LLC now owns 400 shares of the information services provider’s stock worth $38,000 after purchasing an additional 380 shares during the period. Finally, Advocacy Wealth Management Services LLC lifted its holdings in Alphabet by 72.7% in the second quarter. Advocacy Wealth Management Services LLC now owns 19 shares of the information services provider’s stock worth $41,000 after purchasing an additional 8 shares during the period. Institutional investors and hedge funds own 34.06% of the company’s stock.

Insider Activity

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv acquired 800,000 shares of Alphabet stock in a transaction dated Monday, October 24th. The stock was bought at an average cost of $17.00 per share, with a total value of $13,600,000.00. Following the completion of the transaction, the insider now owns 11,522,248 shares of the company’s stock, valued at $195,878,216. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder 2019 Gp L.L.C. Gv acquired 800,000 shares of the company’s stock in a transaction on Monday, October 24th. The stock was purchased at an average cost of $17.00 per share, for a total transaction of $13,600,000.00. Following the completion of the purchase, the insider now directly owns 11,522,248 shares of the company’s stock, valued at approximately $195,878,216. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ann Mather sold 280 shares of the stock in a transaction on Tuesday, October 25th. The stock was sold at an average price of $103.23, for a total value of $28,904.40. Following the transaction, the director now owns 11,200 shares of the company’s stock, valued at $1,156,176. The disclosure for this sale can be found here. Over the last three months, insiders acquired 1,461,702 shares of company stock valued at $36,999,217 and sold 190,744 shares valued at $8,564,640. 11.44% of the stock is owned by company insiders.

Alphabet Stock Down 0.4 %

Shares of Alphabet stock opened at $91.13 on Friday. The stock has a market capitalization of $1.18 trillion, a P/E ratio of 18.10, a PEG ratio of 1.53 and a beta of 1.09. The company has a quick ratio of 2.47, a current ratio of 2.52 and a debt-to-equity ratio of 0.06. The stock has a 50 day moving average price of $92.71 and a two-hundred day moving average price of $102.37. Alphabet Inc. has a 12-month low of $83.34 and a 12-month high of $151.55.

Alphabet (NASDAQ:GOOGLGet Rating) last posted its quarterly earnings data on Tuesday, October 25th. The information services provider reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.19). Alphabet had a net margin of 23.75% and a return on equity of 26.41%. The business had revenue of $57.27 billion during the quarter, compared to the consensus estimate of $58.36 billion. During the same period in the prior year, the company posted $1.40 earnings per share. Equities analysts expect that Alphabet Inc. will post 4.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on GOOGL. Credit Suisse Group reduced their price objective on shares of Alphabet from $134.00 to $128.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Robert W. Baird cut their price target on shares of Alphabet to $120.00 in a report on Thursday, October 27th. The Goldman Sachs Group cut their price target on shares of Alphabet to $135.00 in a report on Thursday, October 27th. Morgan Stanley cut their price target on shares of Alphabet from $125.00 to $120.00 and set an “overweight” rating for the company in a report on Tuesday, November 15th. Finally, Mizuho cut their price target on shares of Alphabet from $140.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday, November 30th. Five investment analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and a consensus price target of $132.00.

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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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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