Alphabet Inc. (NASDAQ:GOOG) is LS Investment Advisors LLC’s 5th Largest Position

LS Investment Advisors LLC grew its position in shares of Alphabet Inc. (NASDAQ:GOOGGet Rating) by 1,920.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,480 shares of the information services provider’s stock after purchasing an additional 170,595 shares during the quarter. Alphabet makes up about 3.5% of LS Investment Advisors LLC’s portfolio, making the stock its 5th biggest holding. LS Investment Advisors LLC’s holdings in Alphabet were worth $17,257,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Curated Wealth Partners LLC increased its holdings in shares of Alphabet by 1,916.3% during the 3rd quarter. Curated Wealth Partners LLC now owns 5,081 shares of the information services provider’s stock valued at $489,000 after purchasing an additional 4,829 shares in the last quarter. Optimum Investment Advisors increased its holdings 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 purchasing an additional 24,929 shares in the last quarter. Bangor Savings Bank increased its holdings 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 purchasing an additional 21,521 shares in the last quarter. Aurora Investment Managers LLC. grew its stake in Alphabet by 1,900.0% in 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 grew its stake in Alphabet by 1,804.4% in 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 hedge funds and other institutional investors.

Alphabet Trading Up 1.9 %

Shares of GOOG stock opened at $101.21 on Tuesday. The company’s 50-day moving average price is $93.62 and its 200-day moving average price is $102.10. The company has a current ratio of 2.52, a quick ratio of 2.47 and a debt-to-equity ratio of 0.06. The stock has a market cap of $1.31 trillion, a price-to-earnings ratio of 20.10, a PEG 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 issued its quarterly earnings data 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). The company 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 firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.40 earnings per share. As a group, equities analysts predict that Alphabet Inc. will post 4.68 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GOOG has been the topic of a number of research analyst reports. Societe Generale dropped 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. The Goldman Sachs Group set a $135.00 price target on shares of Alphabet in a research note on Friday, November 18th. Sanford C. Bernstein set a $120.00 price target on shares of Alphabet in a research note on Thursday, January 12th. Jefferies Financial Group set a $125.00 price target on shares of Alphabet in a research note on Monday, January 9th. Finally, Piper Sandler lowered their target price on shares of Alphabet from $135.00 to $122.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 26th. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.56.

Insider Activity at Alphabet

In related news, Director Ann Mather sold 360 shares of the business’s stock in a transaction dated Friday, November 25th. The shares were sold at an average price of $98.48, for a total value of $35,452.80. Following the sale, the director now directly owns 11,300 shares in the company, valued at approximately $1,112,824. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Ann Mather sold 360 shares of the business’s stock in a transaction dated Friday, November 25th. The shares were sold at an average price of $98.48, for a total value of $35,452.80. Following the sale, the director now directly owns 11,300 shares in the company, valued at approximately $1,112,824. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder 2017 Gp L.L.C. Gv sold 107,393 shares of the business’s stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $38.64, for a total transaction of $4,149,665.52. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 661,702 shares of company stock worth $23,399,217 and have sold 190,464 shares worth $8,535,735. 12.99% of the stock is owned by insiders.

Alphabet Company Profile

(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.

Featured Stories

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)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.