Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by Berger Financial Group Inc

Berger Financial Group Inc boosted its stake in Alphabet Inc. (NASDAQ:GOOGGet Rating) by 2,235.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,471 shares of the information services provider’s stock after buying an additional 17,680 shares during the period. Berger Financial Group Inc’s holdings in Alphabet were worth $1,776,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. OLD Second National Bank of Aurora increased its position in 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 worth $25,000 after buying an additional 247 shares during the period. Carolina Wealth Advisors LLC increased its position in Alphabet by 1,900.0% in the third 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 increased its position in Alphabet by 1,900.0% in 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 during the period. Schubert & Co increased its position in Alphabet by 1,192.9% in 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 during the period. Finally, Corsicana & Co. increased its position in Alphabet by 1,900.0% in 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 during the period. 28.69% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Ann Mather sold 280 shares of the stock in a transaction dated 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 sale, the director now directly owns 11,200 shares of the company’s stock, valued at approximately $1,156,176. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Ann Mather sold 280 shares of the stock in a transaction dated 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 sale, the director now directly owns 11,200 shares of the company’s stock, valued at approximately $1,156,176. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv purchased 800,000 shares of the business’s stock in a transaction dated Monday, October 24th. The shares were purchased at an average cost of $17.00 per share, with a total value of $13,600,000.00. Following the completion of the purchase, the insider now directly 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 acquired 1,461,702 shares of company stock valued at $36,999,217 and sold 190,744 shares valued at $8,564,640. Company insiders own 12.99% of the company’s stock.

Alphabet Trading Up 5.7 %

Shares of NASDAQ GOOG opened at $99.28 on Friday. Alphabet Inc. has a 12 month low of $83.45 and a 12 month high of $152.10. The company has a market cap of $1.28 trillion, a price-to-earnings ratio of 19.72, a P/E/G 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. The business has a fifty day simple moving average of $93.52 and a 200-day simple moving average of $102.16.

Alphabet (NASDAQ:GOOGGet 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 $69.09 billion for the quarter, compared to analysts’ expectations of $70.67 billion. Alphabet had a net margin of 23.75% and a return on equity of 26.41%. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.40 earnings per share. Sell-side analysts predict that Alphabet Inc. will post 4.68 EPS for the current year.

Analyst Upgrades and Downgrades

GOOG has been the topic of several analyst reports. Raymond James dropped their target price on Alphabet from $143.00 to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Societe Generale decreased their price target on Alphabet from $147.00 to $132.00 and set a “buy” rating for the company in a research note on Wednesday, November 30th. JPMorgan Chase & Co. set a $115.00 price target on Alphabet in a research note on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft decreased their price target on Alphabet from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, October 21st. Finally, Cowen decreased their price target on Alphabet from $150.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and a consensus price target of $140.56.

About Alphabet

(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.

Further Reading

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.