Alphabet Inc. (NASDAQ:GOOG) Stock Holdings Raised by LS Investment Advisors LLC

LS Investment Advisors LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGGet Rating) by 1,920.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 179,480 shares of the information services provider’s stock after purchasing an additional 170,595 shares during the quarter. Alphabet comprises about 3.5% of LS Investment Advisors LLC’s investment portfolio, making the stock its 5th largest position. LS Investment Advisors LLC’s holdings in Alphabet were worth $17,257,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Curated Wealth Partners LLC raised its stake in shares of Alphabet by 1,916.3% in the third quarter. Curated Wealth Partners LLC now owns 5,081 shares of the information services provider’s stock valued at $489,000 after acquiring an additional 4,829 shares during the period. Optimum Investment Advisors raised its stake in shares of Alphabet by 1,931.0% in the third quarter. Optimum Investment Advisors now owns 26,220 shares of the information services provider’s stock valued at $2,521,000 after acquiring an additional 24,929 shares during the period. Bangor Savings Bank raised its stake in shares of Alphabet by 1,992.7% in the third quarter. Bangor Savings Bank now owns 22,601 shares of the information services provider’s stock valued at $2,173,000 after acquiring an additional 21,521 shares during the period. Aurora Investment Managers LLC. raised its stake in shares of Alphabet by 1,900.0% in the third quarter. Aurora Investment Managers LLC. now owns 32,960 shares of the information services provider’s stock valued at $3,169,000 after acquiring an additional 31,312 shares during the period. Finally, Affiance Financial LLC raised its stake in shares of Alphabet by 1,804.4% in the third quarter. Affiance Financial LLC now owns 18,720 shares of the information services provider’s stock valued at $1,800,000 after acquiring an additional 17,737 shares during the period. Hedge funds and other institutional investors own 28.69% of the company’s stock.

Analysts Set New Price Targets

GOOG has been the topic of several recent analyst reports. Cowen reduced 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. Piper Sandler reduced their price target on shares of Alphabet from $135.00 to $122.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Alphabet from $135.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, October 21st. Raymond James reduced their price target on shares of Alphabet from $143.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Finally, Societe Generale reduced their price target on shares of Alphabet from $147.00 to $132.00 and set a “buy” rating on the stock in a research note on Wednesday, November 30th. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and an average target price of $140.56.

Alphabet Stock Up 1.9 %

NASDAQ:GOOG opened at $101.21 on Tuesday. Alphabet Inc. has a fifty-two week low of $83.45 and a fifty-two week high of $152.10. The stock has a market capitalization 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 company has a debt-to-equity ratio of 0.06, a quick ratio of 2.47 and a current ratio of 2.52. The company’s 50-day simple moving average is $93.62 and its 200-day simple moving average is $102.10.

Alphabet (NASDAQ:GOOGGet Rating) last released its quarterly earnings results on Tuesday, October 25th. The information services provider reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.19). Alphabet had a net margin of 23.75% and a return on equity of 26.41%. The firm had revenue of $69.09 billion during the quarter, compared to the consensus estimate of $70.67 billion. During the same quarter in the prior year, the business posted $1.40 earnings per share. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. On average, equities analysts anticipate that Alphabet Inc. will post 4.68 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Prabhakar Raghavan sold 22,203 shares of the firm’s stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $89.75, for a total value of $1,992,719.25. Following the sale, the senior vice president now directly owns 76,579 shares in the company, valued at approximately $6,872,965.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder 2021 Gp L.L.C. Gv bought 277,493 shares of the stock in a transaction that occurred on Friday, November 4th. The stock was bought at an average cost of $36.01 per share, for a total transaction of $9,992,522.93. Following the purchase, the insider now directly owns 870,895 shares of the company’s stock, valued at $31,360,928.95. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Prabhakar Raghavan sold 22,203 shares of Alphabet stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $89.75, for a total transaction of $1,992,719.25. Following the completion of the sale, the senior vice president now owns 76,579 shares of the company’s stock, valued at $6,872,965.25. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 661,702 shares of company stock worth $23,399,217 and have sold 190,464 shares worth $8,535,735. Company insiders own 12.99% of the company’s stock.

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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