Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its stake in shares of Alphabet Inc. (NASDAQ:GOOGGet Rating) by 1,666.7% in the third quarter, Holdings Channel.com reports. The fund owned 22,048 shares of the information services provider’s stock after purchasing an additional 20,800 shares during the period. Alphabet makes up approximately 1.9% of Harbor Capital Advisors Inc.’s investment portfolio, making the stock its 17th biggest position. Harbor Capital Advisors Inc.’s holdings in Alphabet were worth $2,120,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in GOOG. OLD Second National Bank of Aurora boosted its stake 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 period. Carolina Wealth Advisors LLC boosted its stake 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 period. NewSquare Capital LLC boosted its stake 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 period. Schubert & Co boosted its stake 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 period. Finally, Corsicana & Co. boosted its stake 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 period. 28.69% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Alphabet news, Director Ann Mather sold 280 shares of the business’s stock in a transaction on Tuesday, October 25th. The shares were sold at an average price of $103.23, for a total transaction of $28,904.40. Following the sale, the director now directly owns 11,200 shares in the company, valued at approximately $1,156,176. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv acquired 800,000 shares of the firm’s stock in a transaction that occurred on Monday, October 24th. The shares were acquired at an average cost of $17.00 per share, for a total transaction of $13,600,000.00. Following the transaction, the insider now directly owns 11,522,248 shares of the company’s stock, valued at $195,878,216. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ann Mather sold 280 shares of the business’s stock in a transaction dated Tuesday, October 25th. The stock was sold at an average price of $103.23, for a total transaction of $28,904.40. Following the completion of the sale, the director now owns 11,200 shares in the company, valued at $1,156,176. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 1,461,702 shares of company stock worth $36,999,217 and have sold 190,744 shares worth $8,564,640. Insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

Shares of GOOG opened at $99.28 on Friday. 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 market capitalization 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’s fifty day moving average is $93.52 and its two-hundred day moving average is $102.16. 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 firm had revenue of $69.09 billion during the quarter, compared to analyst estimates of $70.67 billion. Alphabet had a net margin of 23.75% and a return on equity of 26.41%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.40 earnings per share. On average, sell-side analysts predict that Alphabet Inc. will post 4.68 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Cowen decreased their price target on shares of Alphabet from $135.00 to $125.00 and set an “outperform” rating for the company in a research note on Wednesday, January 11th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Alphabet from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, October 21st. Raymond James decreased their price target on shares of Alphabet from $143.00 to $120.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Sanford C. Bernstein set a $120.00 price target on shares of Alphabet in a research note on Thursday, January 12th. Finally, Jefferies Financial Group set a $125.00 price objective on shares of Alphabet in a research report on Monday, January 9th. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $140.56.

Alphabet Company 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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