Sargent Investment Group LLC Grows Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Sargent Investment Group LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOGGet Rating) by 2,210.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,250 shares of the information services provider’s stock after acquiring an additional 44,248 shares during the period. Alphabet comprises 1.5% of Sargent Investment Group LLC’s holdings, making the stock its 19th biggest position. Sargent Investment Group LLC’s holdings in Alphabet were worth $4,729,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. OLD Second National Bank of Aurora boosted its holdings in shares of Alphabet by 1,900.0% in the 3rd quarter. OLD Second National Bank of Aurora now owns 260 shares of the information services provider’s stock valued at $25,000 after acquiring an additional 247 shares during the last quarter. Carolina Wealth Advisors LLC boosted its holdings in shares of Alphabet by 1,900.0% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 300 shares of the information services provider’s stock valued at $29,000 after acquiring an additional 285 shares during the last quarter. NewSquare Capital LLC boosted its holdings in 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 boosted its holdings in 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. boosted its holdings in 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. 28.69% of the stock is owned by hedge funds and other institutional investors.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $93.91 on Friday. The firm has a 50-day simple moving average of $93.47 and a 200-day simple moving average of $102.22. The stock has a market capitalization of $1.22 trillion, a price-to-earnings ratio of 18.65, a price-to-earnings-growth ratio of 1.63 and a beta of 1.08. The company has a quick ratio of 2.47, a current ratio of 2.52 and a debt-to-equity ratio of 0.06. 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 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 business had revenue of $69.09 billion during the quarter, compared to analyst estimates of $70.67 billion. During the same quarter last year, the company earned $1.40 earnings per share. Alphabet’s quarterly revenue was up 6.1% on a year-over-year basis. On average, equities analysts predict that Alphabet Inc. will post 4.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GOOG has been the topic of a number of recent analyst reports. Cowen lowered their price target on shares of Alphabet from $150.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. UBS Group set a $115.00 price target on shares of Alphabet in a report on Thursday, January 12th. Credit Suisse Group set a $128.00 price target on shares of Alphabet in a report on Wednesday, October 26th. JPMorgan Chase & Co. set a $115.00 price target on shares of Alphabet in a report on Wednesday, October 26th. Finally, Sanford C. Bernstein set a $120.00 price target on shares of Alphabet in a report on Thursday, January 12th. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $140.56.

Insider Buying and Selling

In other news, major shareholder 2019 Gp L.L.C. Gv acquired 800,000 shares of the business’s stock in a transaction that occurred on Monday, October 24th. The stock was purchased at an average cost 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 in the company, valued at $195,878,216. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder 2019 Gp L.L.C. Gv acquired 800,000 shares of the business’s stock in a transaction that occurred on Monday, October 24th. The stock was purchased at an average cost 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 in the company, valued at $195,878,216. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann Mather sold 280 shares of the firm’s 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 sale, the director now owns 11,200 shares of the company’s stock, valued at $1,156,176. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 1,461,702 shares of company stock worth $36,999,217 and sold 190,744 shares worth $8,564,640. 12.99% of the stock is owned by company insiders.

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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