Barry Investment Advisors LLC Grows Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Barry Investment Advisors LLC boosted its position in Alphabet Inc. (NASDAQ:GOOGGet Rating) by 1,901.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,802 shares of the information services provider’s stock after acquiring an additional 2,662 shares during the period. Barry Investment Advisors LLC’s holdings in Alphabet were worth $269,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Beaird Harris Wealth Management LLC lifted its holdings in Alphabet by 6.9% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 93 shares of the information services provider’s stock worth $260,000 after buying an additional 6 shares in the last quarter. Wedge Capital Management L L P NC lifted its holdings in Alphabet by 0.6% in the 2nd quarter. Wedge Capital Management L L P NC now owns 964 shares of the information services provider’s stock worth $2,109,000 after buying an additional 6 shares in the last quarter. Ignite Planners LLC lifted its holdings in Alphabet by 4.7% in the 2nd quarter. Ignite Planners LLC now owns 134 shares of the information services provider’s stock worth $320,000 after buying an additional 6 shares in the last quarter. Financial Advisors Network Inc. lifted its holdings in Alphabet by 4.5% in the 1st quarter. Financial Advisors Network Inc. now owns 161 shares of the information services provider’s stock worth $450,000 after buying an additional 7 shares in the last quarter. Finally, Blue Zone Wealth Advisors LLC lifted its holdings in Alphabet by 2.6% in the 2nd quarter. Blue Zone Wealth Advisors LLC now owns 281 shares of the information services provider’s stock worth $615,000 after buying an additional 7 shares in the last quarter. 28.69% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Alphabet

In other news, Director Ann Mather sold 280 shares of the business’s stock in a transaction on Tuesday, October 25th. The stock was sold at an average price of $103.23, for a total value of $28,904.40. Following the sale, the director now owns 11,200 shares of the company’s stock, valued at approximately $1,156,176. The transaction was disclosed in a document filed 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 business’s stock in a transaction on Wednesday, November 2nd. The stock was sold at an average price of $90.85, for a total value of $77,676.75. Following the sale, the chief accounting officer now owns 24,694 shares of the company’s stock, valued at approximately $2,243,449.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ann Mather sold 280 shares of the business’s stock in a transaction on Tuesday, October 25th. The stock was sold at an average price of $103.23, for a total value of $28,904.40. Following the completion of the sale, the director now directly owns 11,200 shares in the company, valued at approximately $1,156,176. The disclosure for this sale can be found here. In the last quarter, 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. 12.99% of the stock is owned by company insiders.

Alphabet Stock Up 3.4 %

Shares of Alphabet stock opened at $92.26 on Thursday. The business’s fifty day moving average price is $92.94 and its two-hundred day moving average price is $103.10. 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 company has a market capitalization of $1.19 trillion, a P/E ratio of 18.32, a PEG ratio of 1.54 and a beta of 1.08. Alphabet Inc. has a 1-year low of $83.45 and a 1-year high of $152.10.

Alphabet (NASDAQ:GOOGGet Rating) last announced 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 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 firm’s revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.40 EPS. As a group, research analysts forecast that Alphabet Inc. will post 4.68 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on GOOG. Societe Generale cut their price objective 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. Deutsche Bank Aktiengesellschaft cut their price objective on Alphabet from $135.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, October 21st. JPMorgan Chase & Co. set a $115.00 target price on Alphabet in a research report on Wednesday, October 26th. Cowen decreased their target price on Alphabet from $150.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Finally, The Goldman Sachs Group set a $135.00 target price on Alphabet in a research report on Friday, November 18th. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $144.00.

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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