Alphabet Inc. (NASDAQ:GOOGL) is Strs Ohio’s 6th Largest Position

Strs Ohio boosted its stake in Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 1,846.4% in the third quarter, Holdings Channel reports. The institutional investor owned 2,895,439 shares of the information services provider’s stock after acquiring an additional 2,746,684 shares during the quarter. Alphabet makes up approximately 1.3% of Strs Ohio’s holdings, making the stock its 6th largest position. Strs Ohio’s holdings in Alphabet were worth $276,948,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GOOGL. IAG Wealth Partners LLC increased its stake in shares of Alphabet by 3,275.0% during the 3rd quarter. IAG Wealth Partners LLC now owns 270 shares of the information services provider’s stock worth $26,000 after purchasing an additional 262 shares during the last quarter. Artemis Wealth Advisors LLC increased its stake in shares of Alphabet by 1,900.0% during the 3rd quarter. Artemis Wealth Advisors LLC now owns 280 shares of the information services provider’s stock worth $27,000 after purchasing an additional 266 shares during the last quarter. Horizons Wealth Management acquired a new position in shares of Alphabet during the 2nd quarter worth $33,000. Schubert & Co increased its stake in shares of Alphabet by 1,200.0% during the 3rd quarter. Schubert & Co now owns 364 shares of the information services provider’s stock worth $35,000 after purchasing an additional 336 shares during the last quarter. Finally, Carolina Wealth Advisors LLC increased its stake in shares of Alphabet by 1,900.0% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 400 shares of the information services provider’s stock worth $38,000 after purchasing an additional 380 shares during the last quarter. Hedge funds and other institutional investors own 34.06% of the company’s stock.

Insider Buying and Selling at Alphabet

In related news, major shareholder 2019 Gp L.L.C. Gv acquired 800,000 shares of the stock in a transaction on Monday, October 24th. The stock was purchased at an average price of $17.00 per share, for a total transaction of $13,600,000.00. Following the transaction, the insider now owns 11,522,248 shares of the company’s stock, valued at approximately $195,878,216. The acquisition was disclosed in a filing with the SEC, which is available through this link. In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv purchased 800,000 shares of the stock in a transaction dated Monday, October 24th. The stock was bought at an average price 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 in the company, valued at $195,878,216. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 855 shares of Alphabet stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $90.85, for a total transaction of $77,676.75. Following the sale, the chief accounting officer now owns 24,694 shares of the company’s stock, valued at approximately $2,243,449.90. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 1,461,702 shares of company stock worth $36,999,217 and sold 190,744 shares worth $8,564,640. Corporate insiders own 11.44% of the company’s stock.

Alphabet Trading Up 5.3 %

Shares of GOOGL stock opened at $98.02 on Friday. Alphabet Inc. has a 12-month low of $83.34 and a 12-month high of $151.55. The company has a market capitalization of $1.27 trillion, a P/E ratio of 19.47, a P/E/G ratio of 1.62 and a beta of 1.09. The firm has a 50-day moving average price of $93.03 and a 200 day moving average price of $101.55. The company has a quick ratio of 2.47, a current ratio of 2.52 and a debt-to-equity ratio of 0.06.

Alphabet (NASDAQ:GOOGLGet Rating) last posted its quarterly earnings data 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). The company had revenue of $57.27 billion during the quarter, compared to analyst estimates of $58.36 billion. Alphabet had a net margin of 23.75% and a return on equity of 26.41%. During the same quarter in the previous year, the business posted $1.40 EPS. Research analysts forecast that Alphabet Inc. will post 4.68 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GOOGL. Mizuho lowered their target price on shares of Alphabet from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Wednesday, November 30th. MKM Partners lowered their target price on shares of Alphabet from $140.00 to $134.00 and set a “buy” rating on the stock in a research note on Wednesday, October 19th. KeyCorp lowered their target price on shares of Alphabet from $125.00 to $120.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 25th. Robert W. Baird lowered their target price on shares of Alphabet to $120.00 in a research note on Thursday, October 27th. Finally, Credit Suisse Group lowered their target price on shares of Alphabet from $134.00 to $128.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Five research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $132.13.

About Alphabet

(Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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