Community Bank N.A. Acquires 8,331 Shares of Alphabet Inc. (NASDAQ:GOOG)

Community Bank N.A. increased its holdings in Alphabet Inc. (NASDAQ:GOOGGet Rating) by 1,942.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,760 shares of the information services provider’s stock after purchasing an additional 8,331 shares during the period. Community Bank N.A.’s holdings in Alphabet were worth $843,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Ignite Planners LLC raised its position in Alphabet by 4.7% in the second quarter. Ignite Planners LLC now owns 134 shares of the information services provider’s stock worth $320,000 after purchasing an additional 6 shares in the last quarter. Financial Advisors Network Inc. grew its stake in Alphabet by 4.5% during the first quarter. Financial Advisors Network Inc. now owns 161 shares of the information services provider’s stock worth $450,000 after buying an additional 7 shares during the last quarter. Turim 21 Investimentos Ltda. grew its stake in Alphabet by 10.8% during the first quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock worth $229,000 after buying an additional 8 shares during the last quarter. McAdam LLC grew its stake in Alphabet by 2.8% during the second quarter. McAdam LLC now owns 294 shares of the information services provider’s stock worth $643,000 after buying an additional 8 shares during the last quarter. Finally, West Michigan Advisors LLC grew its stake in Alphabet by 3.7% during the first quarter. West Michigan Advisors LLC now owns 252 shares of the information services provider’s stock worth $704,000 after buying an additional 9 shares during the last quarter. 28.69% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 855 shares of the stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total value of $77,933.25. Following the sale, the chief accounting officer now directly owns 25,122 shares in the company, valued at $2,289,870.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CAO Amie Thuener O’toole sold 855 shares of the firm’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 sale, the chief accounting officer now directly owns 25,122 shares in the company, valued at $2,289,870.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 transaction of $28,904.40. Following 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. Over the last three months, insiders have bought 661,702 shares of company stock worth $23,399,217 and have sold 190,744 shares worth $8,564,640. Company insiders own 12.99% of the company’s stock.

Alphabet Trading Up 5.7 %

GOOG opened at $99.28 on Monday. The firm’s fifty day moving average is $93.52 and its two-hundred day moving average is $102.16. 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 firm has a market cap of $1.28 trillion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. Alphabet Inc. has a twelve month low of $83.45 and a twelve month high of $152.10.

Alphabet (NASDAQ:GOOGGet Rating) last posted 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). The firm had revenue of $69.09 billion during the quarter, compared to analyst estimates of $70.67 billion. Alphabet had a return on equity of 26.41% and a net margin of 23.75%. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the business posted $1.40 earnings per share. Equities research analysts anticipate that Alphabet Inc. will post 4.68 EPS for the current year.

Analysts Set New Price Targets

GOOG has been the topic of several research analyst reports. Sanford C. Bernstein set a $120.00 price objective on shares of Alphabet in a research note on Thursday, January 12th. Oppenheimer decreased their price objective on shares of Alphabet from $155.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. The Goldman Sachs Group set a $135.00 price objective on shares of Alphabet in a research note on Friday, November 18th. Societe Generale decreased their price target on shares of Alphabet from $147.00 to $132.00 and set a “buy” rating on the stock in a research note on Wednesday, November 30th. Finally, JPMorgan Chase & Co. set a $115.00 price target on shares of Alphabet in a research note on Wednesday, October 26th. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, Alphabet currently 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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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