Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by Country Club Bank GFN

Country Club Bank GFN boosted its position in Alphabet Inc. (NASDAQ:GOOGGet Rating) by 2,655.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 136,629 shares of the information services provider’s stock after purchasing an additional 131,670 shares during the period. Alphabet comprises approximately 1.3% of Country Club Bank GFN’s holdings, making the stock its 14th largest position. Country Club Bank GFN’s holdings in Alphabet were worth $13,402,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. OLD Second National Bank of Aurora lifted its position in shares of Alphabet by 1,900.0% during the 3rd quarter. OLD Second National Bank of Aurora now owns 260 shares of the information services provider’s stock valued at $25,000 after acquiring an additional 247 shares during the period. Carolina Wealth Advisors LLC increased its stake in shares of Alphabet by 1,900.0% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 300 shares of the information services provider’s stock worth $29,000 after purchasing an additional 285 shares in the last quarter. NewSquare Capital LLC grew its stake in Alphabet by 1,900.0% in the 3rd quarter. NewSquare Capital LLC now owns 320 shares of the information services provider’s stock worth $31,000 after acquiring an additional 304 shares during the period. Schubert & Co grew its stake in Alphabet by 1,192.9% in the 3rd quarter. Schubert & Co now owns 362 shares of the information services provider’s stock worth $35,000 after acquiring an additional 334 shares during the period. Finally, Corsicana & Co. grew its stake in Alphabet by 1,900.0% in the 3rd quarter. Corsicana & Co. now owns 400 shares of the information services provider’s stock worth $38,000 after acquiring an additional 380 shares during the period. Institutional investors and hedge funds own 28.69% of the company’s stock.

Alphabet Stock Performance

Shares of GOOG stock opened at $99.21 on Wednesday. Alphabet Inc. has a 12 month low of $83.45 and a 12 month high of $152.10. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.52 and a quick ratio of 2.47. The firm has a market capitalization of $1.28 trillion, a P/E ratio of 19.70, a P/E/G ratio of 1.74 and a beta of 1.08. The company’s fifty day moving average price is $93.63 and its two-hundred day moving average price is $102.00.

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 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%. Alphabet’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.40 EPS. On average, research analysts anticipate that Alphabet Inc. will post 4.68 earnings per share for the current fiscal year.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 855 shares of the business’s stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total value of $77,933.25. Following the completion of the sale, the chief accounting officer now owns 25,122 shares of the company’s stock, valued at approximately $2,289,870.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Amie Thuener O’toole sold 855 shares of the business’s stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total value of $77,933.25. Following the completion of the sale, the chief accounting officer now owns 25,122 shares of the company’s stock, valued at approximately $2,289,870.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ann Mather sold 360 shares of the business’s stock in a transaction dated Friday, November 25th. The stock was sold at an average price of $98.48, for a total transaction of $35,452.80. Following the completion of the sale, the director now directly owns 11,300 shares of the company’s stock, valued at approximately $1,112,824. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 661,702 shares of company stock valued at $23,399,217 and sold 190,464 shares valued at $8,535,735. Insiders own 12.99% of the company’s stock.

Wall Street Analysts Forecast Growth

GOOG has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Alphabet from $135.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, October 21st. Cowen decreased their price target on shares of Alphabet from $135.00 to $125.00 and set an “outperform” rating on the stock in a report on Wednesday, January 11th. Jefferies Financial Group set a $125.00 price target on shares of Alphabet in a report on Monday, January 9th. The Goldman Sachs Group set a $135.00 price target on shares of Alphabet in a report on Friday, November 18th. Finally, Societe Generale decreased their price target on shares of Alphabet from $147.00 to $132.00 and set a “buy” rating on the stock in a report on Wednesday, November 30th. One analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average price target of $140.40.

Alphabet Company Profile

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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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