Conrad Siegel Investment Advisors Inc. Raises Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Conrad Siegel Investment Advisors Inc. boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 1,500.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,269 shares of the information services provider’s stock after buying an additional 12,440 shares during the quarter. Alphabet makes up approximately 1.4% of Conrad Siegel Investment Advisors Inc.’s investment portfolio, making the stock its 12th biggest holding. Conrad Siegel Investment Advisors Inc.’s holdings in Alphabet were worth $1,269,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of GOOGL. Louisiana State Employees Retirement System purchased a new stake in shares of Alphabet during the third quarter valued at $55,305,000. Griffin Asset Management Inc. lifted its position in Alphabet by 1,900.0% during the third quarter. Griffin Asset Management Inc. now owns 52,240 shares of the information services provider’s stock valued at $4,997,000 after purchasing an additional 49,628 shares during the period. Farmers Trust Co. raised its position in shares of Alphabet by 2.2% in the second quarter. Farmers Trust Co. now owns 5,924 shares of the information services provider’s stock worth $12,910,000 after acquiring an additional 129 shares during the period. Ziegler Capital Management LLC raised its position in shares of Alphabet by 62.3% in the second quarter. Ziegler Capital Management LLC now owns 33,282 shares of the information services provider’s stock worth $72,531,000 after acquiring an additional 12,774 shares during the period. Finally, Wilkinson Global Asset Management LLC raised its position in shares of Alphabet by 1,900.0% during the 3rd quarter. Wilkinson Global Asset Management LLC now owns 6,460 shares of the information services provider’s stock worth $618,000 after purchasing an additional 6,137 shares during the last quarter. 34.06% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv acquired 800,000 shares of the firm’s stock in a transaction on Monday, October 24th. The stock was bought 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 in the company, valued at $195,878,216. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv acquired 800,000 shares of the firm’s stock in a transaction on Monday, October 24th. The stock was bought 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 in the company, valued at $195,878,216. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann Mather sold 280 shares of the business’s 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 sale, 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 ninety days, insiders acquired 1,461,702 shares of company stock worth $36,999,217 and sold 190,744 shares worth $8,564,640. 11.44% of the stock is owned by insiders.

Alphabet Price Performance

Alphabet stock opened at $91.12 on Thursday. Alphabet Inc. has a 1 year low of $83.34 and a 1 year high of $151.55. The firm has a 50 day moving average price of $92.94 and a 200 day moving average price of $101.88. The company has a market cap of $1.18 trillion, a price-to-earnings ratio of 18.10, a PEG ratio of 1.62 and a beta of 1.09. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.47 and a current ratio of 2.52.

Alphabet (NASDAQ:GOOGLGet Rating) last released its earnings results on Tuesday, October 25th. The information services provider reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.19). Alphabet had a net margin of 23.75% and a return on equity of 26.41%. The company had revenue of $57.27 billion during the quarter, compared to analysts’ expectations of $58.36 billion. During the same quarter in the previous year, the firm posted $1.40 earnings per share. Sell-side analysts predict that Alphabet Inc. will post 4.68 earnings per share for the current year.

Analyst Ratings Changes

GOOGL has been the subject of several research analyst reports. Bank of America reduced their price target on shares of Alphabet from $125.00 to $114.00 and set a “buy” rating for the company in a research report on Tuesday, October 4th. Cowen dropped their price target on shares of Alphabet to $135.00 in a research note on Thursday, October 27th. Wells Fargo & Company decreased their price objective on shares of Alphabet from $160.00 to $145.00 and set an “overweight” rating on the stock in a report on Wednesday, October 26th. MKM Partners decreased their price objective on shares of Alphabet from $140.00 to $134.00 and set a “buy” rating on the stock in a report on Wednesday, October 19th. Finally, Credit Suisse Group reduced their target price on shares of Alphabet from $134.00 to $128.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Five investment analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $132.00.

About Alphabet

(Get Rating)

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.

Featured Articles

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGLGet Rating).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.