BerganKDV Wealth Management LLC Buys 12,816 Shares of Alphabet Inc. (NASDAQ:GOOGL)

BerganKDV Wealth Management LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 2,104.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,425 shares of the information services provider’s stock after buying an additional 12,816 shares during the period. BerganKDV Wealth Management LLC’s holdings in Alphabet were worth $1,284,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Alphabet by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 23,304,411 shares of the information services provider’s stock worth $64,817,723,000 after buying an additional 331,945 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Alphabet by 1,884.3% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 17,922,978 shares of the information services provider’s stock worth $1,714,333,000 after purchasing an additional 17,019,726 shares during the period. Fiera Capital Corp boosted its stake in shares of Alphabet by 1,957.3% during the 2nd quarter. Fiera Capital Corp now owns 17,857,280 shares of the information services provider’s stock worth $1,945,783,000 after purchasing an additional 16,989,271 shares during the period. Nordea Investment Management AB boosted its stake in shares of Alphabet by 1,830.2% during the 3rd quarter. Nordea Investment Management AB now owns 16,487,668 shares of the information services provider’s stock worth $1,605,074,000 after purchasing an additional 15,633,495 shares during the period. Finally, Mackenzie Financial Corp boosted its stake in shares of Alphabet by 1,876.5% during the 3rd quarter. Mackenzie Financial Corp now owns 7,170,066 shares of the information services provider’s stock worth $685,817,000 after purchasing an additional 6,807,300 shares during the period. 34.06% of the stock is owned by hedge funds and other institutional investors.

Alphabet Stock Up 1.1 %

GOOGL stock opened at $92.12 on Friday. The firm’s fifty day simple moving average is $92.82 and its 200-day simple moving average is $102.19. The company has a market capitalization of $1.19 trillion, a P/E ratio of 18.29, a price-to-earnings-growth ratio of 1.53 and a beta of 1.09. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.52 and a quick ratio of 2.47. Alphabet Inc. has a 12 month low of $83.34 and a 12 month high of $151.55.

Alphabet (NASDAQ:GOOGLGet Rating) last released its quarterly earnings data on Tuesday, October 25th. The information services provider reported $1.06 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.19). The business had revenue of $57.27 billion during the quarter, compared to analysts’ expectations of $58.36 billion. Alphabet had a net margin of 23.75% and a return on equity of 26.41%. During the same period last year, the company earned $1.40 earnings per share. As a group, equities research analysts forecast that Alphabet Inc. will post 4.68 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Atlantic Securities dropped their price target on shares of Alphabet to $115.00 in a research note on Thursday, October 27th. Wells Fargo & Company lowered their price objective on shares of Alphabet from $160.00 to $145.00 and set an “overweight” rating for the company in a research report on Wednesday, October 26th. New Street Research began coverage on shares of Alphabet in a research report on Wednesday, January 4th. They issued a “buy” rating and a $118.00 price objective for the company. JMP Securities lowered their price objective on shares of Alphabet from $145.00 to $132.00 in a research report on Wednesday, November 23rd. Finally, Truist Financial lowered their price objective on shares of Alphabet from $136.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, October 26th. Five equities research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $132.00.

Insider Activity

In other news, major shareholder 2019 Gp L.L.C. Gv purchased 800,000 shares of the stock in a transaction that occurred on Monday, October 24th. The shares were purchased at an average cost of $17.00 per share, with a total value of $13,600,000.00. Following the completion of the acquisition, the insider now owns 11,522,248 shares of the company’s stock, valued at approximately $195,878,216. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Ann Mather sold 280 shares of the stock in a transaction on Tuesday, October 25th. The shares were sold at an average price of $103.23, for a total transaction of $28,904.40. Following the sale, the director now directly owns 11,200 shares of the company’s stock, valued at $1,156,176. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder 2019 Gp L.L.C. Gv acquired 800,000 shares of Alphabet stock in a transaction on Monday, October 24th. The shares were bought at an average price of $17.00 per share, with a total value of $13,600,000.00. Following the completion of the transaction, the insider now directly owns 11,522,248 shares of the company’s stock, valued at approximately $195,878,216. The disclosure for this purchase can be found here. In the last ninety 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. Insiders own 11.44% 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.

Recommended Stories

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGLGet Rating).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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.