Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by Kelman Lazarov Inc.

Kelman Lazarov Inc. raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGGet Rating) by 2,138.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,700 shares of the information services provider’s stock after buying an additional 4,490 shares during the period. Kelman Lazarov Inc.’s holdings in Alphabet were worth $452,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. OLD Second National Bank of Aurora lifted its position in shares of Alphabet by 1,900.0% during the third quarter. OLD Second National Bank of Aurora now owns 260 shares of the information services provider’s stock worth $25,000 after purchasing an additional 247 shares in the last quarter. Carolina Wealth Advisors LLC lifted its position in shares of Alphabet by 1,900.0% during the third 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. Schubert & Co lifted its position in shares of Alphabet by 1,192.9% during the third 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. Corsicana & Co. lifted its position in shares of Alphabet by 1,900.0% during the third 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. Finally, Savior LLC lifted its position in shares of Alphabet by 1,515.4% during the third quarter. Savior LLC now owns 420 shares of the information services provider’s stock worth $40,000 after purchasing an additional 394 shares in the last quarter. 28.69% of the stock is owned by institutional investors and hedge funds.

Alphabet Stock Performance

GOOG opened at $92.26 on Thursday. The business’s 50 day moving average is $92.94 and its 200-day moving average is $103.10. The stock has a market cap of $1.19 trillion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 1.54 and a beta of 1.08. The company has a current ratio of 2.52, a quick ratio of 2.47 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a twelve month low of $83.45 and a twelve month high of $152.10.

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). The business had revenue of $69.09 billion for the quarter, compared to the consensus estimate of $70.67 billion. Alphabet had a net margin of 23.75% and a return on equity of 26.41%. The business’s quarterly revenue was up 6.1% on a year-over-year basis. During the same period last year, the firm posted $1.40 EPS. On average, analysts predict that Alphabet Inc. will post 4.68 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GOOG. Societe Generale reduced their target price on shares of Alphabet from $147.00 to $132.00 and set a “buy” rating on the stock in a research report on Wednesday, November 30th. 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 report on Wednesday, October 26th. Cowen decreased their price target on Alphabet from $135.00 to $125.00 and set an “outperform” rating for the company in a research note on Wednesday. Raymond James decreased their price target on Alphabet from $143.00 to $120.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Finally, The Goldman Sachs Group set a $135.00 price target on Alphabet in a research note on Friday, November 18th. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $144.00.

Insider Activity

In related news, SVP Prabhakar Raghavan sold 22,203 shares of the business’s 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 sale, the senior vice president now owns 76,579 shares of the company’s stock, valued at $6,872,965.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, major shareholder 2019 Gp L.L.C. Gv bought 800,000 shares of the company’s stock in a transaction that occurred on Monday, October 24th. The shares were purchased at an average price of $17.00 per share, with a total value of $13,600,000.00. Following the completion of the acquisition, the insider now directly owns 11,522,248 shares in the company, valued at $195,878,216. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Prabhakar Raghavan sold 22,203 shares of the business’s stock in a transaction that occurred on Tuesday, January 3rd. The stock was 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 disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 1,461,702 shares of company stock valued at $36,999,217 and have sold 190,744 shares valued at $8,564,640. Corporate insiders own 12.99% of the company’s stock.

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 Articles

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.