AJ Wealth Strategies LLC Acquires 81,925 Shares of Alphabet Inc. (NASDAQ:GOOG)

AJ Wealth Strategies LLC raised its holdings in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 1,518.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,321 shares of the information services provider’s stock after buying an additional 81,925 shares during the period. AJ Wealth Strategies LLC’s holdings in Alphabet were worth $8,396,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. OLD Second National Bank of Aurora grew its position in shares of Alphabet by 1,900.0% in the third quarter. OLD Second National Bank of Aurora now owns 260 shares of the information services provider’s stock valued at $25,000 after purchasing an additional 247 shares during the last quarter. Carolina Wealth Advisors LLC grew its position in shares of Alphabet by 1,900.0% in the third quarter. Carolina Wealth Advisors LLC now owns 300 shares of the information services provider’s stock valued at $29,000 after purchasing an additional 285 shares during the last quarter. NewSquare Capital LLC grew its position in shares of Alphabet by 1,900.0% in the third quarter. NewSquare Capital LLC now owns 320 shares of the information services provider’s stock valued at $31,000 after purchasing an additional 304 shares during the last quarter. Schubert & Co grew its position in shares of Alphabet by 1,192.9% in the third quarter. Schubert & Co now owns 362 shares of the information services provider’s stock valued at $35,000 after purchasing an additional 334 shares during the last quarter. Finally, Corsicana & Co. grew its position in shares of Alphabet by 1,900.0% in the third quarter. Corsicana & Co. now owns 400 shares of the information services provider’s stock valued at $38,000 after purchasing an additional 380 shares during the last quarter. Institutional investors own 28.69% of the company’s stock.

Wall Street Analyst Weigh In

GOOG has been the topic of several research reports. JPMorgan Chase & Co. set a $115.00 target price on Alphabet in a research report on Wednesday, October 26th. Piper Sandler reduced their price target on Alphabet from $135.00 to $122.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 26th. Sanford C. Bernstein set a $120.00 price target on Alphabet in a research report on Thursday, January 12th. Jefferies Financial Group set a $125.00 price target on Alphabet in a research report on Monday, January 9th. Finally, The Goldman Sachs Group set a $135.00 price target on Alphabet in a research report on Friday, November 18th. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.56.

Alphabet Stock Up 5.7 %

Shares of GOOG opened at $99.28 on Friday. Alphabet Inc. has a 52 week low of $83.45 and a 52 week high of $152.10. The stock has a market capitalization of $1.28 trillion, a price-to-earnings ratio of 19.72, a PEG ratio of 1.63 and a beta of 1.08. 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 fifty day moving average of $93.52 and a 200-day moving average of $102.16.

Alphabet (NASDAQ:GOOG – Get Rating) last announced its quarterly 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 quarter in the previous year, the company posted $1.40 earnings per share. The firm’s revenue was up 6.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Alphabet Inc. will post 4.68 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder 2019 Gp L.L.C. Gv purchased 800,000 shares of the company’s stock in a transaction dated Monday, October 24th. The stock was bought at an average cost of $17.00 per share, for a total transaction of $13,600,000.00. Following the purchase, the insider now owns 11,522,248 shares of the company’s stock, valued at $195,878,216. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CAO Amie Thuener O’toole sold 855 shares of the firm’s stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $91.15, for a total transaction of $77,933.25. Following the completion of the transaction, the chief accounting officer now directly owns 25,122 shares of the company’s stock, valued at approximately $2,289,870.30. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder 2019 Gp L.L.C. Gv bought 800,000 shares of the 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 completion of the transaction, the insider now owns 11,522,248 shares in the company, valued at $195,878,216. The disclosure for this purchase can be found here. In 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 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.