Investors Asset Management of Georgia Inc. GA ADV Purchases 1,571 Shares of Alphabet Inc. (NASDAQ:GOOG)

Investors Asset Management of Georgia Inc. GA ADV boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGGet Rating) by 2,662.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,630 shares of the information services provider’s stock after buying an additional 1,571 shares during the quarter. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Alphabet were worth $157,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GOOG. OLD Second National Bank of Aurora lifted its holdings in Alphabet by 1,900.0% during the 3rd 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 during the period. Carolina Wealth Advisors LLC lifted its holdings in Alphabet by 1,900.0% during the 3rd 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 during the period. NewSquare Capital LLC lifted its holdings in Alphabet by 1,900.0% during the 3rd quarter. NewSquare Capital LLC now owns 320 shares of the information services provider’s stock worth $31,000 after buying an additional 304 shares during the period. Schubert & Co lifted its holdings in Alphabet by 1,192.9% during the 3rd quarter. Schubert & Co now owns 362 shares of the information services provider’s stock worth $35,000 after buying an additional 334 shares during the period. Finally, Corsicana & Co. lifted its holdings in Alphabet by 1,900.0% during the 3rd quarter. Corsicana & Co. now owns 400 shares of the information services provider’s stock worth $38,000 after buying an additional 380 shares during the period. 28.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on GOOG. Societe Generale cut their target price on Alphabet from $147.00 to $132.00 and set a “buy” rating on the stock in a report on Wednesday, November 30th. Credit Suisse Group set a $128.00 price objective on Alphabet in a research note on Wednesday, October 26th. Piper Sandler dropped their price objective on Alphabet from $135.00 to $122.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 26th. Oppenheimer dropped their price objective on Alphabet from $155.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Alphabet from $135.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, October 21st. One analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and a consensus target price of $140.56.

Alphabet Stock Performance

Shares of GOOG opened at $93.91 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.47 and a current ratio of 2.52. The stock has a 50 day moving average price of $93.47 and a two-hundred day moving average price of $102.22. The firm has a market capitalization 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 Inc. has a 52 week low of $83.45 and a 52 week high of $152.10.

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

Insiders Place Their Bets

In other news, Director Ann Mather sold 280 shares of the company’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 value of $28,904.40. Following the completion of the transaction, the director now directly owns 11,200 shares of the company’s stock, valued at $1,156,176. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CAO Amie Thuener O’toole sold 855 shares of the company’s stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $101.13, for a total value of $86,466.15. Following the completion of the transaction, the chief accounting officer now directly owns 24,908 shares of the company’s stock, valued at $2,518,946.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ann Mather sold 280 shares of the company’s stock in a transaction that occurred on Tuesday, October 25th. The shares were sold at an average price of $103.23, for a total value of $28,904.40. Following the completion of the transaction, the director now directly owns 11,200 shares of the company’s stock, valued at $1,156,176. The disclosure for this sale can be found here. In the last ninety 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. Corporate insiders own 12.99% of the company’s stock.

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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