Sawyer & Company Inc Makes New $1.07 Million Investment in Alphabet Inc. (NASDAQ:GOOG)

Sawyer & Company Inc purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOGGet Rating) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 11,120 shares of the information services provider’s stock, valued at approximately $1,069,000.

A number of other large investors have also recently bought and sold shares of GOOG. OLD Second National Bank of Aurora boosted its holdings in shares of Alphabet by 1,900.0% in 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 during the last quarter. Carolina Wealth Advisors LLC boosted its holdings in shares of Alphabet by 1,900.0% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 300 shares of the information services provider’s stock valued at $29,000 after buying an additional 285 shares during the last quarter. Schubert & Co boosted its holdings in shares of Alphabet by 1,192.9% in the 3rd quarter. Schubert & Co now owns 362 shares of the information services provider’s stock valued at $35,000 after buying an additional 334 shares during the last quarter. Corsicana & Co. boosted its holdings in shares of Alphabet by 1,900.0% in the 3rd quarter. Corsicana & Co. now owns 400 shares of the information services provider’s stock valued at $38,000 after buying an additional 380 shares during the last quarter. Finally, Savior LLC boosted its holdings in shares of Alphabet by 1,515.4% in the 3rd quarter. Savior LLC now owns 420 shares of the information services provider’s stock valued at $40,000 after buying an additional 394 shares during the last quarter. Institutional investors and hedge funds own 28.69% of the company’s stock.

Insider Activity at Alphabet

In other news, major shareholder 2019 Gp L.L.C. Gv purchased 800,000 shares of the business’s stock in a transaction dated 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 purchase, the insider now owns 11,522,248 shares of the company’s stock, valued at approximately $195,878,216. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, major shareholder 2019 Gp L.L.C. Gv purchased 800,000 shares of the business’s stock in a transaction dated 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 purchase, the insider now owns 11,522,248 shares of the company’s stock, valued at approximately $195,878,216. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 855 shares of Alphabet stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $90.85, for a total value of $77,676.75. Following the sale, the chief accounting officer now directly owns 24,694 shares in the company, valued at $2,243,449.90. The disclosure for this sale can be found here. Over 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. 12.99% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on GOOG. Raymond James cut their price objective on Alphabet from $143.00 to $120.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Sanford C. Bernstein set a $120.00 price target on Alphabet in a research note on Thursday. Societe Generale dropped their price target on Alphabet from $147.00 to $132.00 and set a “buy” rating on the stock in a research note on Wednesday, November 30th. Oppenheimer dropped their price target on Alphabet from $155.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Finally, JPMorgan Chase & Co. set a $115.00 price target on Alphabet in a research note on Wednesday, October 26th. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and a consensus target price of $141.88.

Alphabet Stock Performance

NASDAQ:GOOG opened at $92.80 on Friday. The stock’s 50-day simple moving average is $93.23 and its 200 day simple moving average is $102.78. The firm has a market capitalization of $1.20 trillion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 1.54 and a beta of 1.08. The company has a quick ratio of 2.47, a current ratio of 2.52 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 data 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 during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the business earned $1.40 earnings per share. On average, analysts anticipate that Alphabet Inc. will post 4.68 EPS for the current fiscal 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.

Further Reading

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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