Alphabet Inc. (NASDAQ:GOOG) Stake Boosted by Sargent Bickham Lagudis LLC

Sargent Bickham Lagudis LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGGet Rating) by 1,855.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,052 shares of the information services provider’s stock after acquiring an additional 29,464 shares during the period. Sargent Bickham Lagudis LLC’s holdings in Alphabet were worth $2,986,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Alphabet by 1,872.0% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 18,292,839 shares of the information services provider’s stock valued at $1,758,856,000 after acquiring an additional 17,365,189 shares in the last quarter. Baillie Gifford & Co. grew its holdings in shares of Alphabet by 1,879.5% during the 3rd quarter. Baillie Gifford & Co. now owns 11,694,544 shares of the information services provider’s stock valued at $1,124,431,000 after acquiring an additional 11,103,769 shares in the last quarter. Nordea Investment Management AB grew 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 valued at $654,531,000 after acquiring an additional 6,343,615 shares in the last quarter. Truist Financial Corp grew its holdings in shares of Alphabet by 1,861.3% during the 3rd quarter. Truist Financial Corp now owns 4,489,234 shares of the information services provider’s stock valued at $431,640,000 after acquiring an additional 4,260,344 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Alphabet by 2,162.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,441,092 shares of the information services provider’s stock worth $427,010,000 after purchasing an additional 4,244,758 shares in the last quarter. 28.69% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Stock Performance

NASDAQ:GOOG opened at $93.91 on Friday. Alphabet Inc. has a 12-month low of $83.45 and a 12-month high of $152.10. 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 firm has a market capitalization of $1.22 trillion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 1.63 and a beta of 1.08. The firm has a 50-day moving average price of $93.47 and a 200 day moving average price of $102.22.

Alphabet (NASDAQ:GOOGGet Rating) last posted 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 return on equity of 26.41% and a net margin of 23.75%. The business had revenue of $69.09 billion during the quarter, compared to analyst estimates of $70.67 billion. During the same period last year, the company earned $1.40 EPS. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. Research analysts anticipate that Alphabet Inc. will post 4.68 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GOOG. Oppenheimer decreased their price objective on shares of Alphabet from $155.00 to $135.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. UBS Group set a $115.00 price objective on shares of Alphabet in a report on Thursday, January 12th. JPMorgan Chase & Co. set a $115.00 price objective on shares of Alphabet in a report on Wednesday, October 26th. Credit Suisse Group set a $128.00 price objective on shares of Alphabet in a report on Wednesday, October 26th. Finally, Piper Sandler decreased their price objective on shares of Alphabet from $135.00 to $122.00 and set an “overweight” rating for the company in a report on Wednesday, October 26th. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.56.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 855 shares of the stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total value of $77,933.25. Following the completion of the transaction, the chief accounting officer now owns 25,122 shares of the company’s stock, valued at $2,289,870.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 855 shares of the company’s stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total transaction of $77,933.25. Following the sale, the chief accounting officer now directly owns 25,122 shares of the company’s stock, valued at $2,289,870.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 shares were 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 disclosure for this purchase can be found here. Over the last quarter, insiders acquired 1,461,702 shares of company stock valued at $36,999,217 and sold 190,744 shares valued at $8,564,640. Company insiders own 12.99% of the company’s stock.

Alphabet Profile

(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 GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGGet Rating).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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.