Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by 4J Wealth Management LLC

4J Wealth Management LLC lifted its stake in Alphabet Inc. (NASDAQ:GOOGGet Rating) by 1,868.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 14,136 shares of the information services provider’s stock after purchasing an additional 13,418 shares during the quarter. 4J Wealth Management LLC’s holdings in Alphabet were worth $1,359,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Curated Wealth Partners LLC increased its position in shares of Alphabet by 1,916.3% in the 3rd quarter. Curated Wealth Partners LLC now owns 5,081 shares of the information services provider’s stock valued at $489,000 after purchasing an additional 4,829 shares during the last quarter. Optimum Investment Advisors increased its position in shares of Alphabet by 1,931.0% in the 3rd quarter. Optimum Investment Advisors now owns 26,220 shares of the information services provider’s stock valued at $2,521,000 after purchasing an additional 24,929 shares during the last quarter. Bangor Savings Bank increased its position in shares of Alphabet by 1,992.7% in the 3rd quarter. Bangor Savings Bank now owns 22,601 shares of the information services provider’s stock valued at $2,173,000 after purchasing an additional 21,521 shares during the last quarter. Aurora Investment Managers LLC. increased its position in shares of Alphabet by 1,900.0% in the 3rd quarter. Aurora Investment Managers LLC. now owns 32,960 shares of the information services provider’s stock valued at $3,169,000 after purchasing an additional 31,312 shares during the last quarter. Finally, Affiance Financial LLC increased its position in shares of Alphabet by 1,804.4% in the 3rd quarter. Affiance Financial LLC now owns 18,720 shares of the information services provider’s stock valued at $1,800,000 after purchasing an additional 17,737 shares during the last quarter. 28.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Cowen dropped their target price on shares of Alphabet from $135.00 to $125.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 11th. Jefferies Financial Group set a $125.00 price target on shares of Alphabet in a research note on Monday, January 9th. Cowen decreased their price target on shares of Alphabet from $150.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. 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. Finally, UBS Group set a $115.00 price target on shares of Alphabet in a research note on Thursday, January 12th. One analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.56.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 855 shares of the business’s stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total transaction of $77,933.25. Following the completion of the transaction, the chief accounting officer now owns 25,122 shares of the company’s stock, valued at $2,289,870.30. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CAO Amie Thuener O’toole sold 855 shares of the business’s stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total transaction of $77,933.25. Following the completion of the transaction, the chief accounting officer now owns 25,122 shares of the company’s stock, valued at $2,289,870.30. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction, the director now directly owns 11,200 shares of the company’s stock, valued at approximately $1,156,176. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 1,461,702 shares of company stock worth $36,999,217 and sold 190,744 shares worth $8,564,640. 12.99% of the stock is owned by insiders.

Alphabet Stock Up 5.7 %

GOOG stock opened at $99.28 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.52 and a quick ratio of 2.47. Alphabet Inc. has a 1-year low of $83.45 and a 1-year high of $152.10. The firm has a fifty day moving average price of $93.52 and a two-hundred day moving average price of $102.16. The firm has a market cap of $1.28 trillion, a price-to-earnings ratio of 19.72, a PEG ratio of 1.63 and a beta of 1.08.

Alphabet (NASDAQ:GOOGGet Rating) last released its earnings results on Tuesday, October 25th. The information services provider reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.19). Alphabet had a net margin of 23.75% and a return on equity of 26.41%. The business had revenue of $69.09 billion for the quarter, compared to the consensus estimate of $70.67 billion. During the same quarter in the previous year, the firm earned $1.40 EPS. The firm’s revenue for the quarter was up 6.1% on a year-over-year basis. Research analysts predict that Alphabet Inc. will post 4.68 EPS for the current 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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