Hendershot Investments Inc. Purchases 34,705 Shares of Alphabet Inc. (NASDAQ:GOOG)

Hendershot Investments Inc. grew its position in Alphabet Inc. (NASDAQ:GOOGGet Rating) by 1,870.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,560 shares of the information services provider’s stock after purchasing an additional 34,705 shares during the period. Hendershot Investments Inc.’s holdings in Alphabet were worth $3,515,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Totem Point Management LLC increased its position in shares of Alphabet by 22.0% in the first 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 last quarter. Somerville Kurt F increased its position in shares of Alphabet by 10.3% in the first quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock valued at $330,000 after acquiring an additional 11 shares during the last quarter. BCK Partners Inc. acquired a new stake in shares of Alphabet in the first quarter valued at about $2,564,000. Hall Capital Management Co. Inc. increased its position in shares of Alphabet by 53.2% in the first quarter. Hall Capital Management Co. Inc. now owns 144 shares of the information services provider’s stock valued at $402,000 after acquiring an additional 50 shares during the last quarter. Finally, Fairfield Bush & CO. increased its position in shares of Alphabet by 6.8% in the first quarter. Fairfield Bush & CO. now owns 3,370 shares of the information services provider’s stock valued at $9,412,000 after acquiring an additional 214 shares during the last quarter. 28.69% of the stock is currently owned by institutional investors.

Alphabet Trading Up 1.9 %

Shares of GOOG stock opened at $101.21 on Tuesday. 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 P/E ratio of 20.10, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. The stock has a 50 day simple moving average of $93.62 and a 200 day simple moving average of $102.10. Alphabet Inc. has a 1 year low of $83.45 and a 1 year high of $152.10.

Alphabet (NASDAQ:GOOGGet Rating) last issued its quarterly earnings results 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 the consensus estimate 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 quarter last year, the firm posted $1.40 earnings per share. On average, research analysts predict that Alphabet Inc. will post 4.68 earnings per share for the current fiscal year.

Insider Activity at Alphabet

In other Alphabet news, major shareholder 2017 Gp L.L.C. Gv sold 107,393 shares of the company’s stock in a transaction on Monday, October 31st. The stock was sold at an average price of $38.64, for a total transaction of $4,149,665.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Alphabet news, major shareholder 2017 Gp L.L.C. Gv sold 107,393 shares of the company’s stock in a transaction on Monday, October 31st. The stock was sold at an average price of $38.64, for a total transaction of $4,149,665.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder 2021 Gp L.L.C. Gv bought 277,493 shares of the business’s stock in a transaction on Friday, November 4th. The shares were acquired at an average price of $36.01 per share, with a total value of $9,992,522.93. Following the completion of the purchase, the insider now directly owns 870,895 shares of the company’s stock, valued at $31,360,928.95. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 661,702 shares of company stock worth $23,399,217 and sold 190,464 shares worth $8,535,735. 12.99% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

GOOG has been the topic of a number of recent research reports. The Goldman Sachs Group set a $135.00 target price on Alphabet in a research report on Friday, November 18th. Sanford C. Bernstein set a $120.00 price target on Alphabet in a research report on Thursday, January 12th. Cowen lowered their price target on Alphabet from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Credit Suisse Group set a $128.00 price target on Alphabet in a research report on Wednesday, October 26th. Finally, Raymond James lowered their price target on Alphabet from $143.00 to $120.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus 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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