Aspiriant LLC Buys 43,803 Shares of Alphabet Inc. (NASDAQ:GOOG)

Aspiriant LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGGet Rating) by 1,905.3% in the third quarter, Holdings Channel reports. The fund owned 46,102 shares of the information services provider’s stock after acquiring an additional 43,803 shares during the quarter. Aspiriant LLC’s holdings in Alphabet were worth $4,435,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of GOOG. Totem Point Management LLC grew its position in shares of Alphabet by 22.0% during the 1st quarter. Totem Point Management LLC now owns 3,171 shares of the information services provider’s stock valued at $8,857,000 after acquiring an additional 571 shares during the period. Somerville Kurt F boosted its holdings in Alphabet by 10.3% in the 1st quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock worth $330,000 after buying an additional 11 shares during the period. BCK Partners Inc. bought a new position in Alphabet in the 1st quarter worth approximately $2,564,000. Hall Capital Management Co. Inc. boosted its holdings in Alphabet by 53.2% in the 1st quarter. Hall Capital Management Co. Inc. now owns 144 shares of the information services provider’s stock worth $402,000 after buying an additional 50 shares during the period. Finally, Fairfield Bush & CO. boosted its holdings in Alphabet by 6.8% in the 1st quarter. Fairfield Bush & CO. now owns 3,370 shares of the information services provider’s stock worth $9,412,000 after buying an additional 214 shares during the period. 28.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on GOOG. Oppenheimer cut their price objective on shares of Alphabet from $155.00 to $135.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. UBS Group set a $115.00 price objective on shares of Alphabet in a report on Thursday, January 12th. Cowen cut their price objective on shares of Alphabet from $135.00 to $125.00 and set an “outperform” rating for the company in a report on Wednesday, January 11th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Alphabet from $135.00 to $130.00 and set a “buy” rating for the company in a report on Friday, October 21st. Finally, Piper Sandler cut their price target on shares of Alphabet from $135.00 to $122.00 and set an “overweight” rating for the company in a report on Wednesday, October 26th. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.56.

Insider Buying and Selling

In other Alphabet news, major shareholder 2021 Gp L.L.C. Gv bought 182,312 shares of the firm’s stock in a transaction that occurred on Wednesday, November 9th. The shares were bought at an average price of $34.60 per share, for a total transaction of $6,307,995.20. Following the transaction, the insider now directly owns 1,294,527 shares in the company, valued at $44,790,634.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Alphabet news, major shareholder 2021 Gp L.L.C. Gv bought 182,312 shares of the firm’s stock in a transaction that occurred on Wednesday, November 9th. The shares were bought at an average price of $34.60 per share, for a total transaction of $6,307,995.20. Following the transaction, the insider now directly owns 1,294,527 shares in the company, valued at $44,790,634.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 855 shares of Alphabet 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 completion of the transaction, the chief accounting officer now owns 24,908 shares in the company, valued at approximately $2,518,946.04. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 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 corporate insiders.

Alphabet Stock Performance

Alphabet stock opened at $101.21 on Tuesday. The firm’s fifty day moving average price is $93.62 and its 200-day moving average price is $102.10. 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 stock has a market cap of $1.31 trillion, a P/E ratio of 20.10, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. Alphabet Inc. has a fifty-two week low of $83.45 and a fifty-two week high of $152.10.

Alphabet (NASDAQ:GOOGGet Rating) last issued its earnings results on Tuesday, October 25th. The information services provider reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.19). The business had revenue of $69.09 billion during the quarter, compared to analysts’ expectations of $70.67 billion. Alphabet had a return on equity of 26.41% and a net margin of 23.75%. Alphabet’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.40 EPS. On average, equities research analysts expect that Alphabet Inc. will post 4.68 earnings per share for the current fiscal 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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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