S. R. Schill & Associates Purchases 2,069 Shares of Alphabet Inc. (NASDAQ:GOOGL)

S. R. Schill & Associates grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 1,951.9% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,175 shares of the information services provider’s stock after buying an additional 2,069 shares during the period. S. R. Schill & Associates’ holdings in Alphabet were worth $208,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in GOOGL. Bornite Capital Management LP purchased a new stake in shares of Alphabet during the 1st quarter valued at $16,688,000. Markel Corp raised its position in shares of Alphabet by 17.0% during the 1st quarter. Markel Corp now owns 15,500 shares of the information services provider’s stock valued at $43,110,000 after buying an additional 2,250 shares in the last quarter. United Bank raised its position in Alphabet by 5.9% in the 1st quarter. United Bank now owns 2,033 shares of the information services provider’s stock worth $5,654,000 after purchasing an additional 113 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in Alphabet by 23.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 323,918 shares of the information services provider’s stock worth $900,929,000 after purchasing an additional 61,427 shares during the period. Finally, Dakota Wealth Management raised its position in Alphabet by 20.4% in the 1st quarter. Dakota Wealth Management now owns 9,279 shares of the information services provider’s stock worth $25,806,000 after purchasing an additional 1,570 shares during the period. Hedge funds and other institutional investors own 34.06% of the company’s stock.

Alphabet Trading Up 5.3 %

Shares of NASDAQ GOOGL opened at $98.02 on Friday. The firm’s 50 day moving average price is $93.03 and its 200-day moving average price is $101.55. The company has a market cap of $1.27 trillion, a PE ratio of 19.47, a P/E/G ratio of 1.62 and a beta of 1.09. Alphabet Inc. has a 52-week low of $83.34 and a 52-week high of $151.55. 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:GOOGLGet Rating) last issued its earnings results 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 firm had revenue of $57.27 billion during the quarter, compared to the consensus estimate of $58.36 billion. Alphabet had a return on equity of 26.41% and a net margin of 23.75%. During the same quarter in the prior year, the company posted $1.40 EPS. On average, equities research analysts expect that Alphabet Inc. will post 4.68 EPS for the current fiscal year.

Insider Transactions at Alphabet

In related news, major shareholder 2019 Gp L.L.C. Gv acquired 800,000 shares of the firm’s stock in a transaction dated Monday, October 24th. The stock was purchased at an average cost of $17.00 per share, with a total value of $13,600,000.00. Following the completion of the acquisition, the insider now directly owns 11,522,248 shares of the company’s stock, valued at $195,878,216. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, major shareholder 2017 Gp L.L.C. Gv sold 107,393 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $38.64, for a total transaction of $4,149,665.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv acquired 800,000 shares of the firm’s stock in a transaction dated 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 acquisition, the insider now directly owns 11,522,248 shares of the company’s stock, valued at $195,878,216. The disclosure for this purchase 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. Insiders own 11.44% of the company’s stock.

Analyst Upgrades and Downgrades

GOOGL has been the topic of a number of analyst reports. Evercore ISI decreased their target price on shares of Alphabet from $130.00 to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 21st. Bank of America decreased their target price on shares of Alphabet from $125.00 to $114.00 and set a “buy” rating on the stock in a research report on Tuesday, October 4th. Robert W. Baird decreased their target price on shares of Alphabet to $120.00 in a research report on Thursday, October 27th. The Goldman Sachs Group decreased their target price on shares of Alphabet to $135.00 in a research report on Thursday, October 27th. Finally, Susquehanna Bancshares decreased their target price on shares of Alphabet from $150.00 to $120.00 and set a “positive” rating on the stock in a research report on Wednesday, October 26th. Five research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and an average target price of $132.13.

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:GOOGL)

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