Sunflower Bank N.A. Has $954,000 Position in Alphabet Inc. (NASDAQ:GOOG)

Sunflower Bank N.A. increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 1,761.5% during the third quarter, Holdings Channel reports. The fund owned 9,922 shares of the information services provider’s stock after acquiring an additional 9,389 shares during the quarter. Sunflower Bank N.A.’s holdings in Alphabet were worth $954,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Curated Wealth Partners LLC grew its holdings in 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 buying an additional 4,829 shares in the last quarter. Optimum Investment Advisors lifted its position in shares of Alphabet by 1,931.0% during the 3rd quarter. Optimum Investment Advisors now owns 26,220 shares of the information services provider’s stock valued at $2,521,000 after acquiring an additional 24,929 shares during the period. Bangor Savings Bank lifted its position in shares of Alphabet by 1,992.7% during the 3rd quarter. Bangor Savings Bank now owns 22,601 shares of the information services provider’s stock valued at $2,173,000 after acquiring an additional 21,521 shares during the period. Aurora Investment Managers LLC. lifted its position in shares of Alphabet by 1,900.0% during 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 acquiring an additional 31,312 shares during the period. Finally, Affiance Financial LLC lifted its position in shares of Alphabet by 1,804.4% during the 3rd quarter. Affiance Financial LLC now owns 18,720 shares of the information services provider’s stock valued at $1,800,000 after acquiring an additional 17,737 shares during the period. 28.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder 2017 Gp L.L.C. Gv sold 107,393 shares of the stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $38.64, for a total value of $4,149,665.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Ann Mather sold 280 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now owns 11,200 shares of the company’s stock, valued at $1,156,176. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder 2017 Gp L.L.C. Gv sold 107,393 shares of the firm’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $38.64, for a total value of $4,149,665.52. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 661,702 shares of company stock valued at $23,399,217 and sold 190,744 shares valued at $8,564,640. Insiders own 12.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GOOG. Deutsche Bank Aktiengesellschaft cut their target price on Alphabet from $135.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, October 21st. Oppenheimer cut their target price on Alphabet from $155.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Credit Suisse Group set a $128.00 target price on Alphabet in a research report on Wednesday, October 26th. The Goldman Sachs Group set a $135.00 price objective on Alphabet in a research report on Friday, November 18th. Finally, Societe Generale dropped their price objective on Alphabet from $147.00 to $132.00 and set a “buy” rating for the company in a research report on Wednesday, November 30th. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $140.56.

Alphabet Price Performance

Alphabet stock opened at $99.28 on Monday. The company has a market capitalization of $1.28 trillion, a PE ratio of 19.72, a P/E/G ratio of 1.74 and a beta of 1.08. The stock has a 50-day moving average price of $93.52 and a two-hundred day moving average price of $102.16. The company has a current ratio of 2.52, a quick ratio of 2.47 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.

Alphabet (NASDAQ:GOOG – Get Rating) last issued its quarterly 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 company had revenue of $69.09 billion during the quarter, compared to analyst estimates of $70.67 billion. Alphabet had a net margin of 23.75% and a return on equity of 26.41%. The company’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.40 EPS. Analysts expect that Alphabet Inc. will post 4.68 EPS for the current year.

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.