Alphabet Inc. (NASDAQ:GOOG) Shares Bought by IFG Advisory LLC

IFG Advisory LLC raised its stake in Alphabet Inc. (NASDAQ:GOOGGet Rating) by 2,219.3% in the third quarter, HoldingsChannel.com reports. The fund owned 22,938 shares of the information services provider’s stock after buying an additional 21,949 shares during the quarter. IFG Advisory LLC’s holdings in Alphabet were worth $2,205,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. OLD Second National Bank of Aurora boosted its stake in 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 acquiring an additional 247 shares during the period. Carolina Wealth Advisors LLC boosted its position in shares of Alphabet by 1,900.0% during 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 during the period. NewSquare Capital LLC boosted its position in shares of Alphabet by 1,900.0% during 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 during the period. Schubert & Co boosted its position in shares of Alphabet by 1,192.9% during 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 during the period. Finally, Corsicana & Co. boosted its position in shares of Alphabet by 1,900.0% during 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 during the period. 28.69% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Price Performance

Shares of NASDAQ:GOOG opened at $99.28 on Monday. The company’s fifty day moving average is $93.52 and its two-hundred day moving average is $102.16. 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 Inc. has a 12-month low of $83.45 and a 12-month high of $152.10. The company has a market cap of $1.28 trillion, a P/E ratio of 19.72, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08.

Alphabet (NASDAQ:GOOGGet Rating) last announced 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). Alphabet had a net margin of 23.75% and a return on equity of 26.41%. The firm had revenue of $69.09 billion for the quarter, compared to analyst estimates of $70.67 billion. During the same period last year, the firm earned $1.40 earnings per share. Alphabet’s revenue for the quarter was up 6.1% compared to the same quarter last year. Equities analysts expect that Alphabet Inc. will post 4.68 earnings per share for the current fiscal year.

Insider Buying and Selling at Alphabet

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 of the company’s stock, valued at approximately $1,156,176. The sale was disclosed in a document filed with the SEC, which is available 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 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 SEC, which can be accessed through this link. 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 owns 11,200 shares in the company, valued at $1,156,176. The disclosure for this sale can be found here. In the last three months, insiders have bought 661,702 shares of company stock valued at $23,399,217 and have sold 190,744 shares valued at $8,564,640. Company insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on GOOG shares. Deutsche Bank Aktiengesellschaft reduced their price objective on Alphabet from $135.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, October 21st. The Goldman Sachs Group set a $135.00 price objective on Alphabet in a research report on Friday, November 18th. Cowen reduced their price objective on Alphabet from $150.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Raymond James dropped their target price on Alphabet from $143.00 to $120.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Finally, UBS Group set a $115.00 target price on Alphabet in a report on Thursday, January 12th. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and an average price target 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.

See Also

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGGet Rating).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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