Joseph P. Lucia & Associates LLC Boosts Position in Alphabet Inc. (NASDAQ:GOOG)

Joseph P. Lucia & Associates LLC grew its position in shares of Alphabet Inc. (NASDAQ:GOOGGet Rating) by 1,900.0% in the 3rd quarter, Holdings Channel.com reports. The firm owned 2,360 shares of the information services provider’s stock after buying an additional 2,242 shares during the period. Joseph P. Lucia & Associates LLC’s holdings in Alphabet were worth $227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in GOOG. OLD Second National Bank of Aurora increased its holdings in shares of Alphabet by 1,900.0% during the 3rd quarter. OLD Second National Bank of Aurora now owns 260 shares of the information services provider’s stock valued at $25,000 after purchasing an additional 247 shares in the last quarter. Carolina Wealth Advisors LLC grew its stake in Alphabet by 1,900.0% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 300 shares of the information services provider’s stock valued at $29,000 after acquiring an additional 285 shares during the period. NewSquare Capital LLC grew its stake in Alphabet by 1,900.0% in the 3rd quarter. NewSquare Capital LLC now owns 320 shares of the information services provider’s stock valued at $31,000 after acquiring an additional 304 shares during the period. Schubert & Co grew its stake in Alphabet by 1,192.9% in the 3rd quarter. Schubert & Co now owns 362 shares of the information services provider’s stock valued at $35,000 after acquiring an additional 334 shares during the period. Finally, Corsicana & Co. grew its stake in Alphabet by 1,900.0% in the 3rd quarter. Corsicana & Co. now owns 400 shares of the information services provider’s stock valued at $38,000 after acquiring an additional 380 shares during the period. 28.69% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Up 1.9 %

Shares of GOOG opened at $101.21 on Tuesday. The firm 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 12-month low of $83.45 and a 12-month high of $152.10. 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.

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. On average, sell-side analysts forecast that Alphabet Inc. will post 4.68 earnings per share for the current year.

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 other Alphabet news, 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ann Mather sold 360 shares of the business’s stock in a transaction dated Friday, November 25th. The stock was sold at an average price of $98.48, for a total transaction of $35,452.80. Following the sale, the director now owns 11,300 shares in the company, valued at $1,112,824. 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.

Analyst Upgrades and Downgrades

GOOG has been the topic of a number of research analyst reports. Oppenheimer dropped their price target 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 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. JPMorgan Chase & Co. set a $115.00 target price on shares of Alphabet in a research note on Wednesday, October 26th. Finally, Cowen lowered their target price on shares of Alphabet from $150.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently 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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