Alphabet Inc. (NASDAQ:GOOG) Shares Bought by First Interstate Bank

First Interstate Bank lifted its holdings in Alphabet Inc. (NASDAQ:GOOGGet Rating) by 1,927.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,500 shares of the information services provider’s stock after purchasing an additional 9,982 shares during the period. First Interstate Bank’s holdings in Alphabet were worth $1,010,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Totem Point Management LLC boosted its holdings in shares of Alphabet by 22.0% in the first quarter. Totem Point Management LLC now owns 3,171 shares of the information services provider’s stock worth $8,857,000 after buying an additional 571 shares during the period. Somerville Kurt F boosted its holdings in shares of Alphabet by 10.3% during the first quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock worth $330,000 after purchasing an additional 11 shares during the period. BCK Partners Inc. acquired a new stake in shares of Alphabet during the first quarter worth approximately $2,564,000. Hall Capital Management Co. Inc. boosted its holdings in shares of Alphabet by 53.2% during the first quarter. Hall Capital Management Co. Inc. now owns 144 shares of the information services provider’s stock worth $402,000 after purchasing an additional 50 shares during the period. Finally, Fairfield Bush & CO. boosted its holdings in shares of Alphabet by 6.8% during the first quarter. Fairfield Bush & CO. now owns 3,370 shares of the information services provider’s stock worth $9,412,000 after purchasing an additional 214 shares during the period. Institutional investors and hedge funds own 28.69% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on GOOG shares. Jefferies Financial Group set a $125.00 price target on shares of Alphabet in a report on Monday, January 9th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Alphabet from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, October 21st. Oppenheimer reduced their target price on shares of Alphabet from $155.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. JPMorgan Chase & Co. set a $115.00 target price on shares of Alphabet in a research note on Wednesday, October 26th. Finally, Sanford C. Bernstein set a $120.00 target price on shares of Alphabet in a research note on Thursday. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $141.88.

Alphabet Trading Up 1.0 %

Shares of Alphabet stock opened at $92.80 on Monday. The firm has a market capitalization of $1.20 trillion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 1.63 and a beta of 1.08. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.52 and a quick ratio of 2.47. The company’s fifty day moving average price is $93.23 and its two-hundred day moving average price is $102.78. Alphabet Inc. has a 52-week low of $83.45 and a 52-week high of $152.10.

Alphabet (NASDAQ:GOOGGet Rating) last announced its quarterly earnings results on Tuesday, October 25th. The information services provider reported $1.06 earnings per share (EPS) 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 $69.09 billion during the quarter, compared to the consensus estimate of $70.67 billion. During the same period last year, the firm earned $1.40 EPS. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, analysts expect that Alphabet Inc. will post 4.68 EPS for the current year.

Insider Activity

In other news, Director Ann Mather sold 280 shares of the business’s stock in a transaction on Tuesday, October 25th. The shares were sold at an average price of $103.23, for a total value of $28,904.40. Following the sale, the director now owns 11,200 shares in the company, valued at approximately $1,156,176. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder 2019 Gp L.L.C. Gv purchased 800,000 shares of Alphabet stock in a transaction that occurred on Monday, October 24th. The shares were acquired at an average price of $17.00 per share, for a total transaction of $13,600,000.00. Following the transaction, the insider now directly owns 11,522,248 shares in the company, valued at $195,878,216. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ann Mather sold 280 shares of the company’s stock in a transaction dated 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 owns 11,200 shares in the company, valued at approximately $1,156,176. The disclosure for this sale can be found here. In the last quarter, insiders have bought 1,461,702 shares of company stock worth $36,999,217 and have sold 190,744 shares worth $8,564,640. 12.99% of the stock is owned by corporate insiders.

Alphabet 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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