Alphabet Inc. (NASDAQ:GOOG) Shares Bought by M. Kraus & Co

M. Kraus & Co raised its position in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 1,904.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,452 shares of the information services provider’s stock after acquiring an additional 101,142 shares during the quarter. Alphabet accounts for about 4.3% of M. Kraus & Co’s investment portfolio, making the stock its 6th largest holding. M. Kraus & Co’s holdings in Alphabet were worth $10,235,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of GOOG. OLD Second National Bank of Aurora grew its position in shares of Alphabet by 1,900.0% during the third quarter. OLD Second National Bank of Aurora now owns 260 shares of the information services provider’s stock worth $25,000 after buying an additional 247 shares in the last quarter. Carolina Wealth Advisors LLC grew its position in shares of Alphabet by 1,900.0% during the third quarter. Carolina Wealth Advisors LLC now owns 300 shares of the information services provider’s stock worth $29,000 after buying an additional 285 shares in the last quarter. NewSquare Capital LLC grew its position in shares of Alphabet by 1,900.0% during the third quarter. NewSquare Capital LLC now owns 320 shares of the information services provider’s stock worth $31,000 after buying an additional 304 shares in the last quarter. Schubert & Co grew its position in shares of Alphabet by 1,192.9% during the third quarter. Schubert & Co now owns 362 shares of the information services provider’s stock worth $35,000 after buying an additional 334 shares in the last quarter. Finally, Corsicana & Co. grew its position in shares of Alphabet by 1,900.0% during the third quarter. Corsicana & Co. now owns 400 shares of the information services provider’s stock worth $38,000 after buying an additional 380 shares in the last quarter. Institutional investors and hedge funds own 28.69% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $93.91 on Friday. Alphabet Inc. has a fifty-two week low of $83.45 and a fifty-two week high of $152.10. The firm’s 50-day simple moving average is $93.47 and its 200 day simple moving average is $102.22. 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 market cap of $1.22 trillion, a P/E ratio of 18.65, a P/E/G ratio of 1.63 and a beta of 1.08.

Alphabet (NASDAQ:GOOG – Get Rating) last issued its quarterly earnings data 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). Alphabet had a net margin of 23.75% and a return on equity of 26.41%. The company had revenue of $69.09 billion for the quarter, compared to the consensus estimate of $70.67 billion. During the same quarter in the prior year, the firm earned $1.40 earnings per share. Alphabet’s revenue for the quarter was up 6.1% compared to the same quarter last year. Equities analysts expect that Alphabet Inc. will post 4.68 EPS for the current year.

Insider Activity at Alphabet

In other Alphabet news, Director Ann Mather sold 280 shares of the business’s stock in a transaction dated 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 directly owns 11,200 shares in the company, valued at $1,156,176. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Alphabet news, Director Ann Mather sold 280 shares of the business’s stock in a transaction dated 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 directly owns 11,200 shares in the company, valued at $1,156,176. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv purchased 800,000 shares of the company’s stock in a transaction on Monday, October 24th. The stock was acquired at an average price of $17.00 per share, for a total transaction 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 approximately $195,878,216. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 1,461,702 shares of company stock worth $36,999,217 and have sold 190,744 shares worth $8,564,640. Company insiders own 12.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on GOOG shares. UBS Group set a $115.00 price target on shares of Alphabet in a research report on Thursday, January 12th. Raymond James decreased their price target on shares of Alphabet from $143.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Societe Generale decreased their price target on shares of Alphabet from $147.00 to $132.00 and set a “buy” rating for the company in a research report on Wednesday, November 30th. JPMorgan Chase & Co. set a $115.00 price objective on shares of Alphabet in a report on Wednesday, October 26th. Finally, The Goldman Sachs Group set a $135.00 price objective on shares of Alphabet in a report on Friday, November 18th. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.56.

About Alphabet

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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.