Round Table Services LLC Buys 7,386 Shares of Alphabet Inc. (NASDAQ:GOOG)

Round Table Services LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGGet Rating) by 2,178.8% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 7,725 shares of the information services provider’s stock after acquiring an additional 7,386 shares during the quarter. Round Table Services LLC’s holdings in Alphabet were worth $743,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of GOOG. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Alphabet by 1,872.0% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 18,292,839 shares of the information services provider’s stock worth $1,758,856,000 after buying an additional 17,365,189 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of Alphabet by 1,899.8% during the 3rd quarter. Nordea Investment Management AB now owns 6,677,522 shares of the information services provider’s stock worth $654,531,000 after acquiring an additional 6,343,615 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Alphabet by 6.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,012,010 shares of the information services provider’s stock worth $8,776,073,000 after acquiring an additional 252,657 shares in the last quarter. Gateway Investment Advisers LLC increased its stake in Alphabet by 1,858.3% in the third quarter. Gateway Investment Advisers LLC now owns 2,215,430 shares of the information services provider’s stock valued at $213,014,000 after acquiring an additional 2,102,300 shares during the last quarter. Finally, Everett Harris & Co. CA raised its position in Alphabet by 1,890.3% during the third quarter. Everett Harris & Co. CA now owns 2,211,903 shares of the information services provider’s stock valued at $212,674,000 after purchasing an additional 2,100,767 shares in the last quarter. 28.69% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Up 1.0 %

Alphabet stock opened at $92.80 on Friday. The firm has a market cap of $1.20 trillion, a price-to-earnings ratio of 18.43, a PEG ratio of 1.54 and a beta of 1.08. Alphabet Inc. has a 52-week low of $83.45 and a 52-week high of $152.10. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.47 and a current ratio of 2.52. The firm has a 50 day moving average price of $93.23 and a two-hundred day moving average price of $102.78.

Alphabet (NASDAQ:GOOGGet Rating) last announced its earnings results on Tuesday, October 25th. The information services provider reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.19). The firm had revenue of $69.09 billion for the quarter, compared to the consensus estimate of $70.67 billion. Alphabet had a return on equity of 26.41% and a net margin of 23.75%. Alphabet’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.40 EPS. Equities analysts predict that Alphabet Inc. will post 4.68 EPS for the current year.

Insiders Place Their Bets

In other Alphabet news, Director Ann Mather sold 280 shares of the stock in a transaction that occurred on Tuesday, October 25th. The stock was sold at an average price of $103.23, for a total transaction of $28,904.40. Following the transaction, the director now directly owns 11,200 shares in the company, valued at approximately $1,156,176. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Ann Mather sold 280 shares of the stock in a transaction on Tuesday, October 25th. The shares were sold at an average price of $103.23, for a total transaction of $28,904.40. Following the transaction, the director now directly owns 11,200 shares of the company’s stock, valued at $1,156,176. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Prabhakar Raghavan sold 22,203 shares of the firm’s stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $89.75, for a total transaction of $1,992,719.25. Following the completion of the sale, the senior vice president now owns 76,579 shares of the company’s stock, valued at $6,872,965.25. The disclosure for this sale can be found here. Over the last three months, insiders acquired 1,461,702 shares of company stock worth $36,999,217 and sold 190,744 shares worth $8,564,640. 12.99% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

GOOG has been the topic of a number of research analyst reports. Cowen reduced their target price on Alphabet from $150.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Jefferies Financial Group set a $125.00 target price on Alphabet in a research report on Monday, January 9th. Societe Generale lowered their target price on Alphabet from $147.00 to $132.00 and set a “buy” rating for the company in a research note on Wednesday, November 30th. Credit Suisse Group set a $128.00 price target on shares of Alphabet in a research note on Wednesday, October 26th. Finally, The Goldman Sachs Group set a $135.00 price objective on shares of Alphabet in a research note on Friday, November 18th. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and a consensus price target of $141.88.

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:GOOG)

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