Financial Enhancement Group LLC Acquires 969 Shares of Alphabet Inc. (NASDAQ:GOOG)

Financial Enhancement Group LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGGet Rating) by 1,900.0% in the third quarter, Holdings Channel.com reports. The firm owned 1,020 shares of the information services provider’s stock after buying an additional 969 shares during the period. Financial Enhancement Group LLC’s holdings in Alphabet were worth $98,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. OLD Second National Bank of Aurora boosted its position in Alphabet by 1,900.0% during the third quarter. OLD Second National Bank of Aurora now owns 260 shares of the information services provider’s stock worth $25,000 after purchasing an additional 247 shares during the period. Carolina Wealth Advisors LLC lifted its holdings 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 worth $29,000 after buying an additional 285 shares in the last quarter. NewSquare Capital LLC lifted its holdings 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 worth $31,000 after buying an additional 304 shares in the last quarter. Schubert & Co lifted its holdings 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 worth $35,000 after buying an additional 334 shares in the last quarter. Finally, Corsicana & Co. lifted its holdings 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 worth $38,000 after buying an additional 380 shares in the last quarter. Institutional investors own 28.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GOOG. 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. JPMorgan Chase & Co. set a $115.00 price target on shares of Alphabet in a report on Wednesday, October 26th. The Goldman Sachs Group set a $135.00 price target on shares of Alphabet in a report on Friday, November 18th. Cowen lowered their price target on shares of Alphabet from $135.00 to $125.00 and set an “outperform” rating on the stock in a report on Wednesday, January 11th. Finally, Societe Generale lowered their target price on shares of Alphabet from $147.00 to $132.00 and set a “buy” rating on the stock in a research note on Wednesday, November 30th. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $140.56.

Insider Transactions at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv bought 800,000 shares of the business’s stock in a transaction dated Monday, October 24th. The shares were purchased at an average price of $17.00 per share, for a total transaction of $13,600,000.00. Following the completion of the acquisition, the insider now owns 11,522,248 shares of the company’s stock, valued at $195,878,216. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, major shareholder 2019 Gp L.L.C. Gv bought 800,000 shares of the business’s stock in a transaction dated Monday, October 24th. The shares were purchased at an average price of $17.00 per share, for a total transaction of $13,600,000.00. Following the completion of the acquisition, the insider now owns 11,522,248 shares of the company’s stock, valued at $195,878,216. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder 2017 Gp L.L.C. Gv sold 107,393 shares of the firm’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $38.64, for a total transaction of $4,149,665.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 1,461,702 shares of company stock worth $36,999,217 and have sold 190,744 shares worth $8,564,640. Company insiders own 12.99% of the company’s stock.

Alphabet Trading Up 5.7 %

GOOG stock opened at $99.28 on Friday. The company has a market capitalization of $1.28 trillion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 1.63 and a beta of 1.08. Alphabet Inc. has a one year low of $83.45 and a one year high of $152.10. The company’s 50 day moving average price is $93.52 and its two-hundred day moving average price is $102.16. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.47 and a current ratio of 2.52.

Alphabet (NASDAQ:GOOGGet Rating) last posted its quarterly 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). Alphabet had a return on equity of 26.41% and a net margin of 23.75%. The business had revenue of $69.09 billion for the quarter, compared to analysts’ expectations of $70.67 billion. During the same period last year, the business posted $1.40 earnings per share. The company’s revenue was up 6.1% compared to the same quarter last year. As a group, analysts predict that Alphabet Inc. will post 4.68 earnings per share for the current fiscal year.

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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