Benedetti & Gucer Inc. Has $917,000 Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Benedetti & Gucer Inc. raised its holdings in Alphabet Inc. (NASDAQ:GOOGGet Rating) by 1,850.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,540 shares of the information services provider’s stock after purchasing an additional 9,051 shares during the quarter. Benedetti & Gucer Inc.’s holdings in Alphabet were worth $917,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Curated Wealth Partners LLC boosted its holdings in shares of Alphabet by 1,916.3% during the 3rd quarter. Curated Wealth Partners LLC now owns 5,081 shares of the information services provider’s stock valued at $489,000 after acquiring an additional 4,829 shares in the last quarter. Optimum Investment Advisors boosted its holdings in shares of Alphabet by 1,931.0% during the 3rd quarter. Optimum Investment Advisors now owns 26,220 shares of the information services provider’s stock valued at $2,521,000 after acquiring an additional 24,929 shares in the last quarter. Bangor Savings Bank boosted its holdings in shares of Alphabet by 1,992.7% during the 3rd quarter. Bangor Savings Bank now owns 22,601 shares of the information services provider’s stock valued at $2,173,000 after acquiring an additional 21,521 shares in the last quarter. Aurora Investment Managers LLC. boosted its holdings in shares of Alphabet by 1,900.0% during the 3rd quarter. Aurora Investment Managers LLC. now owns 32,960 shares of the information services provider’s stock valued at $3,169,000 after acquiring an additional 31,312 shares in the last quarter. Finally, MAI Capital Management boosted its holdings in shares of Alphabet by 7.3% during the 2nd quarter. MAI Capital Management now owns 38,604 shares of the information services provider’s stock valued at $84,443,000 after acquiring an additional 2,612 shares in the last quarter. Institutional investors and hedge funds own 28.69% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Jefferies Financial Group set a $125.00 target price on Alphabet in a research report on Monday, January 9th. UBS Group set a $115.00 target price on Alphabet in a research report on Thursday, January 12th. Credit Suisse Group set a $128.00 target price on Alphabet in a research report on Wednesday, October 26th. Cowen lowered their target price on Alphabet from $135.00 to $125.00 and set an “outperform” rating for the company in a research report on Wednesday, January 11th. Finally, Sanford C. Bernstein set a $120.00 target price on Alphabet in a research report on Thursday, January 12th. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and an average price target of $140.56.

Alphabet Stock Performance

Shares of Alphabet stock opened at $93.91 on Friday. Alphabet Inc. has a one year low of $83.45 and a one year high of $152.10. The firm has a market capitalization of $1.22 trillion, a price-to-earnings ratio of 18.65, a PEG ratio of 1.63 and a beta of 1.08. The business has a 50-day simple moving average of $93.47 and a 200 day simple moving average of $102.22. 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:GOOGGet Rating) last issued its earnings results on Tuesday, October 25th. The information services provider reported $1.06 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 firm had revenue of $69.09 billion during the quarter, compared to the consensus estimate of $70.67 billion. During the same period in the previous year, the firm earned $1.40 earnings per share. The business’s quarterly revenue was up 6.1% on a year-over-year basis. On average, research analysts anticipate that Alphabet Inc. will post 4.68 earnings per share for the current fiscal year.

Insider Activity at Alphabet

In other Alphabet news, Director Ann Mather sold 280 shares of Alphabet 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 completion of the transaction, the director now owns 11,200 shares in the company, valued at approximately $1,156,176. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 855 shares of Alphabet stock in a transaction dated Thursday, December 1st. The stock was sold at an average price of $101.13, for a total transaction of $86,466.15. Following the completion of the transaction, the chief accounting officer now owns 24,908 shares in the company, valued at approximately $2,518,946.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $28,904.40. Following the transaction, the director now owns 11,200 shares of the company’s stock, valued at approximately $1,156,176. The disclosure for this sale can be found here. In the last three months, insiders bought 1,461,702 shares of company stock valued at $36,999,217 and sold 190,744 shares valued at $8,564,640. 12.99% of the stock is currently owned by corporate insiders.

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.

Read More

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.