Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by Harel Insurance Investments & Financial Services Ltd.

Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGGet Rating) by 1,880.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 70,190 shares of the information services provider’s stock after acquiring an additional 66,646 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Alphabet were worth $6,768,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Advisors Network Inc. raised its holdings in shares of Alphabet by 4.5% in the 1st quarter. Financial Advisors Network Inc. now owns 161 shares of the information services provider’s stock worth $450,000 after purchasing an additional 7 shares during the period. Turim 21 Investimentos Ltda. raised its holdings in shares of Alphabet by 10.8% in the 1st quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock worth $229,000 after purchasing an additional 8 shares during the period. McAdam LLC raised its holdings in shares of Alphabet by 2.8% in the 2nd quarter. McAdam LLC now owns 294 shares of the information services provider’s stock worth $643,000 after purchasing an additional 8 shares during the period. West Michigan Advisors LLC raised its holdings in shares of Alphabet by 3.7% in the 1st quarter. West Michigan Advisors LLC now owns 252 shares of the information services provider’s stock worth $704,000 after purchasing an additional 9 shares during the period. Finally, Somerville Kurt F raised its holdings in shares of 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 purchasing an additional 11 shares during the period. Institutional investors and hedge funds own 28.69% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder 2017 Gp L.L.C. Gv sold 107,393 shares of the firm’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $38.64, for a total value of $4,149,665.52. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, major shareholder 2021 Gp L.L.C. Gv acquired 277,493 shares of the company’s stock in a transaction dated Friday, November 4th. The shares were bought at an average price of $36.01 per share, with a total value of $9,992,522.93. Following the purchase, the insider now owns 870,895 shares of the company’s stock, valued at $31,360,928.95. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder 2017 Gp L.L.C. Gv sold 107,393 shares of Alphabet stock in a transaction on Monday, October 31st. The stock was sold at an average price of $38.64, for a total value of $4,149,665.52. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 661,702 shares of company stock valued at $23,399,217 and have sold 190,464 shares valued at $8,535,735. Company insiders own 12.99% of the company’s stock.

Alphabet Price Performance

Shares of GOOG opened at $99.21 on Wednesday. The firm has a market cap of $1.28 trillion, a price-to-earnings ratio of 19.70, a PEG ratio of 1.74 and a beta of 1.08. Alphabet Inc. has a 52 week low of $83.45 and a 52 week high of $152.10. 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 50 day moving average of $93.63 and a 200-day moving average of $102.00.

Alphabet (NASDAQ:GOOGGet Rating) last announced 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 return on equity of 26.41% and a net margin of 23.75%. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period last year, the business posted $1.40 EPS. As a group, analysts forecast that Alphabet Inc. will post 4.68 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on GOOG. The Goldman Sachs Group set a $135.00 price objective on Alphabet in a report on Friday, November 18th. Societe Generale dropped their target price on Alphabet from $147.00 to $132.00 and set a “buy” rating on the stock in a report on Wednesday, November 30th. Cowen dropped their target price on Alphabet from $150.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Cowen dropped their target price on Alphabet from $135.00 to $125.00 and set an “outperform” rating on the stock in a report on Wednesday, January 11th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Alphabet from $135.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, October 21st. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, Alphabet has an average rating of “Moderate Buy” and a consensus target price of $140.40.

Alphabet 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.

See Also

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.