Ambassador Advisors LLC Purchases 3,792 Shares of Alphabet Inc. (NASDAQ:GOOG)

Ambassador Advisors LLC boosted its position in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 1,312.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 4,081 shares of the information services provider’s stock after acquiring an additional 3,792 shares during the period. Ambassador Advisors LLC’s holdings in Alphabet were worth $393,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Totem Point Management LLC increased its position in shares of Alphabet by 22.0% during 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 buying an additional 571 shares during the period. 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 worth $330,000 after purchasing an additional 11 shares during the last quarter. BCK Partners Inc. bought a new position in shares of Alphabet in the first quarter worth approximately $2,564,000. Hall Capital Management Co. Inc. boosted its stake in Alphabet by 53.2% in the first 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 in the last quarter. Finally, Fairfield Bush & CO. boosted its stake in Alphabet by 6.8% in the first 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 in the last quarter. 28.69% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider John Kent Walker sold 11,313 shares of the business’s stock in a transaction that occurred on Monday, January 23rd. The stock was sold at an average price of $100.00, for a total transaction of $1,131,300.00. Following the transaction, the insider now owns 41,970 shares of the company’s stock, valued at approximately $4,197,000. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Ann Mather sold 340 shares of the business’s stock in a transaction on Wednesday, January 25th. The stock was sold at an average price of $96.92, for a total transaction of $32,952.80. Following the completion of the transaction, the director now owns 11,300 shares in the company, valued at approximately $1,095,196. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider John Kent Walker sold 11,313 shares of the business’s stock in a transaction on Monday, January 23rd. The shares were sold at an average price of $100.00, for a total value of $1,131,300.00. Following the transaction, the insider now owns 41,970 shares of the company’s stock, valued at approximately $4,197,000. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,745 shares of company stock valued at $3,424,078. 12.99% of the stock is currently owned by insiders.

Alphabet Stock Performance

NASDAQ GOOG opened at $96.55 on Thursday. The company has a market cap of $1.24 trillion, a P/E ratio of 21.22, a P/E/G ratio of 1.26 and a beta of 1.09. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.34 and a current ratio of 2.38. The business’s 50 day moving average price is $95.12 and its 200-day moving average price is $96.84. Alphabet Inc. has a fifty-two week low of $83.45 and a fifty-two week high of $144.16.

Alphabet (NASDAQ:GOOG – Get Rating) last released its earnings results on Thursday, February 2nd. The information services provider reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.09). The company had revenue of $76.05 billion for the quarter, compared to the consensus estimate of $76.49 billion. Alphabet had a net margin of 21.20% and a return on equity of 23.54%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.53 EPS. Sell-side analysts predict that Alphabet Inc. will post 5.12 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on GOOG shares. UBS Group set a $120.00 price objective on Alphabet in a research note on Monday, February 6th. Cowen dropped their price objective on Alphabet from $135.00 to $125.00 and set an “outperform” rating for the company in a research note on Wednesday, January 11th. Sanford C. Bernstein set a $130.00 price objective on Alphabet in a research note on Monday, February 6th. Royal Bank of Canada set a $130.00 price target on Alphabet in a research note on Friday, February 3rd. Finally, Piper Sandler dropped their price target on Alphabet from $122.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, February 3rd. One investment analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $137.13.

Alphabet Company Profile

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Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.