Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Wolff Wiese Magana LLC

Wolff Wiese Magana LLC raised its stake in Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 1,786.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,335 shares of the information services provider’s stock after purchasing an additional 14,522 shares during the quarter. Alphabet comprises about 1.2% of Wolff Wiese Magana LLC’s investment portfolio, making the stock its 28th biggest position. Wolff Wiese Magana LLC’s holdings in Alphabet were worth $1,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of GOOGL. Louisiana State Employees Retirement System acquired a new stake in Alphabet in the third quarter worth approximately $55,305,000. Griffin Asset Management Inc. raised its stake in Alphabet by 1,900.0% during the 3rd 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. grew its holdings in shares of Alphabet by 2.2% during the 2nd quarter. Farmers Trust Co. now owns 5,924 shares of the information services provider’s stock valued at $12,910,000 after acquiring an additional 129 shares in the last quarter. Ziegler Capital Management LLC grew its holdings in shares of Alphabet by 62.3% during the 2nd quarter. Ziegler Capital Management LLC now owns 33,282 shares of the information services provider’s stock valued at $72,531,000 after acquiring an additional 12,774 shares in the last quarter. Finally, Wilkinson Global Asset Management LLC grew its holdings 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 valued at $618,000 after acquiring an additional 6,137 shares in the last quarter. 34.06% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Up 2.1 %

Alphabet stock opened at $93.05 on Friday. The firm has a market capitalization of $1.20 trillion, a PE ratio of 18.48, a P/E/G ratio of 1.62 and a beta of 1.09. The company’s 50-day moving average is $93.00 and its 200-day moving average is $101.63. Alphabet Inc. has a fifty-two week low of $83.34 and a fifty-two week high of $151.55. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.52 and a quick ratio of 2.47.

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on GOOGL shares. Robert W. Baird decreased their price objective on shares of Alphabet to $120.00 in a report on Thursday, October 27th. JMP Securities reduced their target price on shares of Alphabet from $145.00 to $132.00 in a research note on Wednesday, November 23rd. Needham & Company LLC reduced their target price on shares of Alphabet from $160.00 to $115.00 and set a “buy” rating for the company in a research note on Thursday, December 22nd. Mizuho dropped their price target on shares of Alphabet from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, November 30th. Finally, Citigroup dropped their price target on shares of Alphabet from $140.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, October 26th. Five investment analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $132.13.

Insider Buying and Selling

In related news, Director Ann Mather sold 280 shares of Alphabet stock in a transaction dated Tuesday, October 25th. The shares were sold at an average price of $103.23, for a total transaction of $28,904.40. Following the completion of the sale, the director now owns 11,200 shares of the company’s stock, valued at approximately $1,156,176. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Ann Mather sold 280 shares of Alphabet stock in a transaction dated Tuesday, October 25th. The shares were sold at an average price of $103.23, for a total transaction of $28,904.40. Following the completion of the sale, the director now owns 11,200 shares of the company’s stock, valued at approximately $1,156,176. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder 2019 Gp L.L.C. Gv bought 800,000 shares of Alphabet stock in a transaction that occurred on Monday, October 24th. The shares were bought at an average cost of $17.00 per share, with a total value of $13,600,000.00. Following the acquisition, the insider now directly owns 11,522,248 shares in the company, valued at approximately $195,878,216. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 1,461,702 shares of company stock valued at $36,999,217 and sold 190,744 shares valued at $8,564,640. 11.44% of the stock is currently owned by 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.

See Also

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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