WoodTrust Financial Corp Grows Stake in Alphabet Inc. (NASDAQ:GOOG)

WoodTrust Financial Corp boosted its position in shares of Alphabet Inc. (NASDAQ:GOOGGet Rating) by 1,922.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,747 shares of the information services provider’s stock after purchasing an additional 50,139 shares during the quarter. WoodTrust Financial Corp’s holdings in Alphabet were worth $5,072,000 as of its most recent filing with the Securities & Exchange Commission.

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

Alphabet Stock Performance

Shares of GOOG opened at $101.21 on Tuesday. The stock has a market cap of $1.31 trillion, a P/E ratio of 20.10, a P/E/G ratio of 1.74 and a beta of 1.08. The stock has a 50-day moving average of $93.62 and a two-hundred day moving average of $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. Alphabet Inc. has a one year low of $83.45 and a one year 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 analyst estimates of $70.67 billion. Alphabet had a net margin of 23.75% and a return on equity of 26.41%. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period last year, the firm earned $1.40 EPS. As a group, research analysts predict that Alphabet Inc. will post 4.68 EPS for the current year.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 855 shares of the business’s stock in a transaction dated Wednesday, November 2nd. The stock was sold at an average price of $90.85, for a total value of $77,676.75. Following the completion of the transaction, the chief accounting officer now owns 24,694 shares of the company’s stock, valued at approximately $2,243,449.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, major shareholder 2017 Gp L.L.C. Gv sold 57,303 shares of Alphabet stock in a transaction dated Wednesday, November 2nd. The stock was sold at an average price of $35.94, for a total value of $2,059,469.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 855 shares of Alphabet stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $90.85, for a total value of $77,676.75. Following the completion of the transaction, the chief accounting officer now owns 24,694 shares of the company’s stock, valued at approximately $2,243,449.90. The disclosure for this sale can be found here. In the last quarter, insiders purchased 661,702 shares of company stock valued at $23,399,217 and sold 190,464 shares valued at $8,535,735. Insiders own 12.99% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Sanford C. Bernstein set a $120.00 price target on Alphabet in a report on Thursday, January 12th. Oppenheimer cut their price target on Alphabet from $155.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft cut their price target on Alphabet from $135.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, October 21st. Jefferies Financial Group set a $125.00 price target on Alphabet in a report on Monday, January 9th. Finally, UBS Group set a $115.00 price target on Alphabet in a report on Thursday, January 12th. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and an average target price of $140.56.

About Alphabet

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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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