Sadoff Investment Management LLC Buys 2,164 Shares of Alphabet Inc. (NASDAQ:GOOG)

Sadoff Investment Management LLC lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGGet Rating) by 1,865.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,280 shares of the information services provider’s stock after buying an additional 2,164 shares during the quarter. Sadoff Investment Management LLC’s holdings in Alphabet were worth $219,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of GOOG. OLD Second National Bank of Aurora lifted its stake 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 buying an additional 247 shares in the last quarter. Carolina Wealth Advisors LLC lifted its stake in Alphabet by 1,900.0% in 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 lifted 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 purchasing an additional 304 shares in the last quarter. Schubert & Co lifted 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 purchasing an additional 334 shares in the last quarter. Finally, Corsicana & Co. lifted 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 purchasing an additional 380 shares in the last quarter. 28.69% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, major shareholder 2017 Gp L.L.C. Gv sold 107,393 shares of the firm’s stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $38.64, for a total value of $4,149,665.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Amie Thuener O’toole sold 855 shares of the firm’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 directly owns 25,122 shares of the company’s stock, valued at approximately $2,289,870.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder 2017 Gp L.L.C. Gv sold 107,393 shares of Alphabet stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $38.64, for a total transaction of $4,149,665.52. The disclosure for this sale can be found here. In the last quarter, insiders have bought 661,702 shares of company stock valued at $23,399,217 and have sold 190,464 shares valued at $8,535,735. Insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Raymond James lowered their target price on shares of Alphabet from $120.00 to $116.00 and set an “outperform” rating on the stock in a research note on Tuesday. Credit Suisse Group set a $128.00 target price on shares of Alphabet in a research note on Wednesday, October 26th. Jefferies Financial Group set a $125.00 target price on shares of Alphabet in a research note on Monday, January 9th. Oppenheimer lowered their price objective on shares of Alphabet from $155.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Finally, Cowen lowered their price objective on shares of Alphabet from $135.00 to $125.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 11th. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.40.

Alphabet Price Performance

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

Alphabet (NASDAQ:GOOGGet Rating) last announced its quarterly earnings results on Tuesday, October 25th. The information services provider reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.19). The firm 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 was up 6.1% on a year-over-year basis. During the same period last year, the business earned $1.40 EPS. As a group, equities analysts expect that Alphabet Inc. will post 4.68 EPS for the current year.

Alphabet 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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