Alphabet Inc. (NASDAQ:GOOG) Shares Bought by WNY Asset Management LLC

WNY Asset Management LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGGet Rating) by 1,921.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,440 shares of the information services provider’s stock after buying an additional 12,775 shares during the period. WNY Asset Management LLC’s holdings in Alphabet were worth $1,297,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GOOG. OLD Second National Bank of Aurora boosted its stake in 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 buying an additional 247 shares during the last quarter. Carolina Wealth Advisors LLC lifted its stake 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 purchasing an additional 285 shares during the last quarter. NewSquare Capital LLC lifted its stake in shares of Alphabet by 1,900.0% in the 3rd quarter. NewSquare Capital LLC now owns 320 shares of the information services provider’s stock valued at $31,000 after purchasing an additional 304 shares during the last quarter. Schubert & Co lifted its stake 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 purchasing an additional 334 shares during the last quarter. Finally, Corsicana & Co. lifted its stake 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 purchasing an additional 380 shares during the last quarter. Institutional investors and hedge funds own 28.69% of the company’s stock.

Alphabet Trading Up 1.0 %

Shares of NASDAQ GOOG opened at $92.80 on Monday. The company has a quick ratio of 2.47, a current ratio of 2.52 and a debt-to-equity ratio of 0.06. The stock’s 50 day moving average price is $93.23 and its two-hundred day moving average price is $102.78. The stock has a market capitalization of $1.20 trillion, a P/E ratio of 18.43, a PEG ratio of 1.63 and a beta of 1.08. Alphabet Inc. has a 52-week low of $83.45 and a 52-week high of $152.10.

Alphabet (NASDAQ:GOOGGet Rating) last issued its quarterly earnings data on Tuesday, October 25th. The information services provider reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.19). Alphabet had a return on equity of 26.41% and a net margin of 23.75%. The business had revenue of $69.09 billion during the quarter, compared to the consensus estimate of $70.67 billion. During the same period last year, the company earned $1.40 earnings per share. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, analysts anticipate that Alphabet Inc. will post 4.68 earnings per share for the current fiscal year.

Insider Transactions at Alphabet

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv bought 800,000 shares of Alphabet stock in a transaction dated Monday, October 24th. The stock was bought at an average price of $17.00 per share, for a total transaction of $13,600,000.00. Following the completion of the acquisition, the insider now directly owns 11,522,248 shares of the company’s stock, valued at $195,878,216. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Ann Mather sold 280 shares of Alphabet stock in a transaction dated Tuesday, October 25th. The stock was 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder 2019 Gp L.L.C. Gv bought 800,000 shares of the business’s stock in a transaction dated Monday, October 24th. The stock was purchased at an average price of $17.00 per share, with a total value of $13,600,000.00. Following the purchase, 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 three months, insiders purchased 1,461,702 shares of company stock valued at $36,999,217 and sold 190,744 shares valued at $8,564,640. Corporate insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

GOOG has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on Alphabet from $135.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, October 21st. Cowen cut their price objective on Alphabet from $150.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Cowen cut their price objective on Alphabet from $135.00 to $125.00 and set an “outperform” rating on the stock in a report on Wednesday, January 11th. UBS Group set a $115.00 price objective on Alphabet in a report on Thursday. Finally, Raymond James cut their price objective on Alphabet from $143.00 to $120.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $141.88.

About Alphabet

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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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