Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by Chatham Capital Group Inc.

Chatham Capital Group Inc. lifted its position in Alphabet Inc. (NASDAQ:GOOGGet Rating) by 1,913.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,665 shares of the information services provider’s stock after purchasing an additional 61,454 shares during the quarter. Alphabet makes up 1.5% of Chatham Capital Group Inc.’s investment portfolio, making the stock its 18th biggest holding. Chatham Capital Group Inc.’s holdings in Alphabet were worth $6,218,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Tiedemann Advisors LLC boosted its position in shares of Alphabet by 1,882.3% in the 3rd quarter. Tiedemann Advisors LLC now owns 109,900 shares of the information services provider’s stock valued at $10,570,000 after purchasing an additional 104,356 shares during the period. Grove Bank & Trust boosted its position in shares of Alphabet by 1,934.5% in the 3rd quarter. Grove Bank & Trust now owns 36,316 shares of the information services provider’s stock valued at $3,492,000 after purchasing an additional 34,531 shares during the period. MTM Investment Management LLC raised its stake in Alphabet by 1,915.1% during the 3rd quarter. MTM Investment Management LLC now owns 6,529 shares of the information services provider’s stock valued at $628,000 after acquiring an additional 6,205 shares during the last quarter. Hollencrest Capital Management raised its stake in Alphabet by 1,901.8% during the 3rd quarter. Hollencrest Capital Management now owns 28,565 shares of the information services provider’s stock valued at $2,746,000 after acquiring an additional 27,138 shares during the last quarter. Finally, Sunflower Bank N.A. raised its stake in Alphabet by 1,761.5% during the 3rd quarter. Sunflower Bank N.A. now owns 9,922 shares of the information services provider’s stock valued at $954,000 after acquiring an additional 9,389 shares during the last quarter. 28.69% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Ann Mather sold 280 shares of the stock in a transaction on Tuesday, October 25th. The stock was sold at an average price of $103.23, for a total transaction of $28,904.40. Following the sale, the director now owns 11,200 shares in the company, valued at approximately $1,156,176. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CAO Amie Thuener O’toole sold 855 shares of the firm’s stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $101.13, for a total transaction of $86,466.15. Following the sale, the chief accounting officer now owns 24,908 shares in the company, valued at $2,518,946.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ann Mather sold 280 shares of the firm’s stock in a transaction on Tuesday, October 25th. The stock was sold at an average price of $103.23, for a total value of $28,904.40. Following the sale, the director now owns 11,200 shares in the company, valued at approximately $1,156,176. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 661,702 shares of company stock worth $23,399,217 and have sold 190,744 shares worth $8,564,640. 12.99% of the stock is owned by insiders.

Alphabet Stock Performance

NASDAQ GOOG opened at $99.28 on Monday. Alphabet Inc. has a 1-year low of $83.45 and a 1-year high of $152.10. The company has a market capitalization of $1.28 trillion, a P/E ratio of 19.72, a PEG ratio of 1.74 and a beta of 1.08. The business has a 50 day moving average price of $93.52 and a 200 day moving average price of $102.16. 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 (NASDAQ:GOOGGet Rating) last released 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 firm had revenue of $69.09 billion during the quarter, compared to analysts’ expectations of $70.67 billion. Alphabet had a net margin of 23.75% and a return on equity of 26.41%. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.40 earnings per share. Sell-side analysts expect that Alphabet Inc. will post 4.68 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on GOOG. Oppenheimer reduced their price objective on Alphabet from $155.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. 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 note on Friday, October 21st. Cowen reduced their price objective on Alphabet from $150.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Piper Sandler reduced their price objective on Alphabet from $135.00 to $122.00 and set an “overweight” rating for the company in a research note on Wednesday, October 26th. Finally, UBS Group set a $115.00 price objective on Alphabet in a research note on Thursday, January 12th. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the stock 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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