Alphabet Inc. (NASDAQ:GOOG) Shares Bought by Ibex Wealth Advisors

Ibex Wealth Advisors increased its position in shares of Alphabet Inc. (NASDAQ:GOOGGet Rating) by 1,888.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,761 shares of the information services provider’s stock after acquiring an additional 6,421 shares during the quarter. Ibex Wealth Advisors’ holdings in Alphabet were worth $650,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Alphabet by 1,872.0% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 18,292,839 shares of the information services provider’s stock valued at $1,758,856,000 after acquiring an additional 17,365,189 shares during the last quarter. Baillie Gifford & Co. boosted its position in shares of Alphabet by 1,879.5% during the 3rd quarter. Baillie Gifford & Co. now owns 11,694,544 shares of the information services provider’s stock valued at $1,124,431,000 after acquiring an additional 11,103,769 shares during the last quarter. Nordea Investment Management AB lifted its position in Alphabet by 1,899.8% in the third quarter. Nordea Investment Management AB now owns 6,677,522 shares of the information services provider’s stock valued at $654,531,000 after buying an additional 6,343,615 shares during the last quarter. New York State Teachers Retirement System lifted its position in Alphabet by 1,835.5% in the third quarter. New York State Teachers Retirement System now owns 6,444,438 shares of the information services provider’s stock valued at $619,633,000 after buying an additional 6,111,475 shares during the last quarter. Finally, Truist Financial Corp lifted its position in Alphabet by 1,861.3% in the third quarter. Truist Financial Corp now owns 4,489,234 shares of the information services provider’s stock valued at $431,640,000 after buying an additional 4,260,344 shares during the last quarter. Institutional investors and hedge funds own 28.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. The Goldman Sachs Group set a $135.00 target price on shares of Alphabet in a research report on Friday, November 18th. Jefferies Financial Group set a $125.00 target price on shares of Alphabet in a research report on Monday, January 9th. JPMorgan Chase & Co. set a $115.00 target price on shares of Alphabet in a research report on Wednesday, October 26th. Piper Sandler decreased their target price on shares of Alphabet from $135.00 to $122.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 26th. Finally, Oppenheimer cut their price target on shares of Alphabet from $155.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. One research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and an average price target of $140.40.

Insider Buying and Selling at Alphabet

In other Alphabet news, major shareholder 2017 Gp L.L.C. Gv sold 107,393 shares of the stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $38.64, for a total value of $4,149,665.52. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Alphabet news, major shareholder 2017 Gp L.L.C. Gv sold 107,393 shares of the stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $38.64, for a total value of $4,149,665.52. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder 2021 Gp L.L.C. Gv purchased 182,312 shares of the company’s stock in a transaction on Wednesday, November 9th. The stock was bought at an average price of $34.60 per share, for a total transaction of $6,307,995.20. Following the completion of the purchase, the insider now directly owns 1,294,527 shares of the company’s stock, valued at $44,790,634.20. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 661,702 shares of company stock worth $23,399,217 and have sold 190,464 shares worth $8,535,735. 12.99% of the stock is currently owned by insiders.

Alphabet Stock Down 2.0 %

GOOG stock opened at $99.21 on Wednesday. The company’s 50 day moving average price is $93.63 and its 200 day moving average price is $102.00. 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 fifty-two week low of $83.45 and a fifty-two week high of $152.10. The firm has a market capitalization 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 (NASDAQ:GOOGGet Rating) last released its 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). The firm had revenue of $69.09 billion for the quarter, compared to analysts’ expectations of $70.67 billion. Alphabet had a return on equity of 26.41% and a net margin of 23.75%. The firm’s quarterly revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.40 earnings per share. On average, equities research analysts anticipate that Alphabet Inc. will post 4.68 EPS for the current fiscal year.

About Alphabet

(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.

Featured Stories

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.