Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by Index Fund Advisors Inc.

Index Fund Advisors Inc. boosted its stake in Alphabet Inc. (NASDAQ:GOOGGet Rating) by 1,900.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 7,162 shares of the information services provider’s stock after purchasing an additional 6,804 shares during the period. Index Fund Advisors Inc.’s holdings in Alphabet were worth $689,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in GOOG. DC Investments Management LLC bought a new position in shares of Alphabet in the first quarter worth $115,000. Guardian Wealth Management Inc. bought a new position in shares of Alphabet in the first quarter worth $184,000. Turim 21 Investimentos Ltda. grew its stake in shares of Alphabet by 10.8% in the first quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock worth $229,000 after purchasing an additional 8 shares in the last quarter. OneAscent Financial Services LLC bought a new position in shares of Alphabet in the second quarter worth $203,000. Finally, Aspireon Wealth Advisors bought a new position in shares of Alphabet in the second quarter worth $212,000. 28.69% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Up 5.7 %

Shares of Alphabet stock opened at $99.28 on Friday. The stock has a 50-day moving average price of $93.52 and a 200 day moving average price of $102.16. The company has a market cap of $1.28 trillion, a P/E ratio of 19.72, a P/E/G ratio of 1.63 and a beta of 1.08. The company has a current ratio of 2.52, a quick ratio of 2.47 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a 1 year low of $83.45 and a 1 year high of $152.10.

Alphabet (NASDAQ:GOOGGet Rating) last announced its quarterly earnings data on Tuesday, October 25th. The information services provider reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.19). The business had revenue of $69.09 billion during the quarter, compared to analysts’ expectations of $70.67 billion. Alphabet had a return on equity of 26.41% and a net margin of 23.75%. The firm’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.40 earnings per share. As a group, analysts expect that Alphabet Inc. will post 4.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GOOG has been the subject of several recent analyst reports. UBS Group set a $115.00 price target on Alphabet in a research note on Thursday, January 12th. Cowen decreased their target price on Alphabet from $150.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. JPMorgan Chase & Co. set a $115.00 target price on Alphabet in a research note on Wednesday, October 26th. Sanford C. Bernstein set a $120.00 target price on Alphabet in a research note on Thursday, January 12th. Finally, The Goldman Sachs Group set a $135.00 target price on Alphabet in a research note on Friday, November 18th. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $140.56.

Insider Transactions at Alphabet

In other news, SVP Prabhakar Raghavan sold 22,203 shares of the firm’s stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $89.75, for a total transaction of $1,992,719.25. Following the completion of the sale, the senior vice president now directly owns 76,579 shares of the company’s stock, valued at approximately $6,872,965.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Prabhakar Raghavan sold 22,203 shares of the firm’s stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $89.75, for a total transaction of $1,992,719.25. Following the completion of the sale, the senior vice president now directly owns 76,579 shares of the company’s stock, valued at approximately $6,872,965.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 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. Company insiders own 12.99% of the company’s stock.

Alphabet Profile

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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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