FSB Premier Wealth Management Inc. Has $784,000 Stock Position in Alphabet Inc. (NASDAQ:GOOG)

FSB Premier Wealth Management Inc. grew its stake in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 1,950.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 8,162 shares of the information services provider’s stock after buying an additional 7,764 shares during the quarter. FSB Premier Wealth Management Inc.’s holdings in Alphabet were worth $784,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Walled Lake Planning & Wealth Management LLC lifted its position in shares of Alphabet by 1,900.0% in the third quarter. Walled Lake Planning & Wealth Management LLC now owns 34,120 shares of the information services provider’s stock worth $3,281,000 after buying an additional 32,414 shares during the last quarter. Grand Jean Capital Management Inc. lifted its position in shares of Alphabet by 1,926.2% in the third quarter. Grand Jean Capital Management Inc. now owns 137,135 shares of the information services provider’s stock worth $13,186,000 after buying an additional 130,367 shares during the last quarter. Connecticut Wealth Management LLC lifted its position in shares of Alphabet by 1,415.4% in the third quarter. Connecticut Wealth Management LLC now owns 8,350 shares of the information services provider’s stock worth $803,000 after buying an additional 7,799 shares during the last quarter. Clarity Financial LLC lifted its position in shares of Alphabet by 2,118.6% in the third quarter. Clarity Financial LLC now owns 61,722 shares of the information services provider’s stock worth $5,935,000 after buying an additional 58,940 shares during the last quarter. Finally, Element Wealth LLC lifted its position in shares of Alphabet by 2,245.1% in the third quarter. Element Wealth LLC now owns 2,861 shares of the information services provider’s stock worth $275,000 after buying an additional 2,739 shares during the last quarter. Institutional investors and hedge funds own 28.69% of the company’s stock.

Insider Transactions at Alphabet

In other Alphabet news, major shareholder 2021 Gp L.L.C. Gv bought 415,000 shares of Alphabet stock in a transaction dated Monday, March 13th. The shares were acquired at an average cost of $29.29 per share, with a total value of $12,155,350.00. Following the acquisition, the insider now directly owns 1,709,527 shares of the company’s stock, valued at $50,072,045.83. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Alphabet news, major shareholder 2021 Gp L.L.C. Gv bought 415,000 shares of Alphabet stock in a transaction dated Monday, March 13th. The shares were acquired at an average cost of $29.29 per share, with a total value of $12,155,350.00. Following the acquisition, the insider now directly owns 1,709,527 shares of the company’s stock, valued at $50,072,045.83. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ann Mather sold 380 shares of the company’s stock in a transaction on Tuesday, December 27th. The stock was sold at an average price of $89.24, for a total value of $33,911.20. Following the transaction, the director now directly owns 11,300 shares in the company, valued at approximately $1,008,412. The disclosure for this sale can be found here. Insiders have sold 74,245 shares of company stock valued at $7,174,078 in the last three months. 12.99% of the stock is owned by corporate insiders.

Alphabet Trading Up 4.7 %

GOOG stock opened at $101.07 on Friday. Alphabet Inc. has a 1-year low of $83.45 and a 1-year high of $144.16. The firm has a market cap of $1.29 trillion, a P/E ratio of 22.21, a P/E/G ratio of 1.27 and a beta of 1.09. The business’s 50 day moving average is $95.41 and its 200-day moving average is $96.87. The company has a current ratio of 2.38, a quick ratio of 2.34 and a debt-to-equity ratio of 0.06.

Alphabet (NASDAQ:GOOG – Get Rating) last released its quarterly earnings data 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 during 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 company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.53 earnings per share. Equities analysts anticipate that Alphabet Inc. will post 5.12 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on GOOG shares. Sanford C. Bernstein set a $130.00 price objective on Alphabet in a research report on Monday, February 6th. Oppenheimer boosted their price objective on Alphabet from $130.00 to $155.00 and gave the stock an “outperform” rating in a research report on Friday, February 3rd. JPMorgan Chase & Co. set a $118.00 price objective on Alphabet in a research report on Thursday, February 9th. Jefferies Financial Group set a $125.00 price objective on Alphabet in a research report on Friday, February 3rd. Finally, Credit Suisse Group set a $136.00 price objective on Alphabet in a research report on Friday, February 3rd. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.