D L Carlson Investment Group Inc. raised its position in shares of Alphabet Inc (NASDAQ:GOOG) by 1.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 828 shares of the information services provider’s stock after buying an additional 9 shares during the quarter. D L Carlson Investment Group Inc.’s holdings in Alphabet were worth $1,009,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in GOOG. Orrstown Financial Services Inc. acquired a new stake in shares of Alphabet during the 3rd quarter worth approximately $26,000. HMS Capital Management LLC acquired a new stake in shares of Alphabet during the 2nd quarter worth approximately $38,000. 1 North Wealth Services LLC acquired a new stake in shares of Alphabet during the 3rd quarter worth approximately $40,000. Vista Private Wealth Partners. LLC acquired a new stake in shares of Alphabet during the 3rd quarter worth approximately $46,000. Finally, Candriam Luxembourg S.C.A. raised its position in shares of Alphabet by 3.9% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 39,076 shares of the information services provider’s stock worth $48,000 after purchasing an additional 1,470 shares during the period. Hedge funds and other institutional investors own 33.78% of the company’s stock.
In other Alphabet news, Director John L. Hennessy sold 75 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $1,200.00, for a total transaction of $90,000.00. Following the transaction, the director now directly owns 310 shares in the company, valued at $372,000. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Amie Thuener O’toole sold 54 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $1,276.45, for a total value of $68,928.30. Following the transaction, the chief accounting officer now owns 388 shares in the company, valued at $495,262.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 32,043 shares of company stock worth $40,364,988. Corporate insiders own 12.99% of the company’s stock.
Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Monday, October 28th. The information services provider reported $10.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $12.57 by ($2.45). Alphabet had a return on equity of 18.34% and a net margin of 21.04%. The firm had revenue of $40.50 billion for the quarter, compared to analysts’ expectations of $40.17 billion. During the same quarter in the prior year, the business posted $13.06 earnings per share. Alphabet’s revenue was up 20.0% on a year-over-year basis. Equities analysts anticipate that Alphabet Inc will post 49.05 EPS for the current year.
GOOG has been the topic of a number of research reports. Deutsche Bank dropped their price target on Alphabet from $1,600.00 to $1,550.00 and set a “buy” rating on the stock in a research report on Tuesday, October 29th. Mizuho increased their price target on Alphabet from $1,400.00 to $1,450.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Alphabet in a research report on Friday, October 25th. Barclays reiterated a “buy” rating on shares of Alphabet in a research report on Tuesday, October 29th. Finally, Cowen increased their price target on Alphabet from $1,400.00 to $1,500.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. Alphabet currently has an average rating of “Buy” and an average price target of $1,460.27.
Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.
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