Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by Barber Financial Group Inc.

Barber Financial Group Inc. lifted its holdings in Alphabet Inc. (NASDAQ:GOOGGet Rating) by 1,919.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,181 shares of the information services provider’s stock after purchasing an additional 3,974 shares during the quarter. Barber Financial Group Inc.’s holdings in Alphabet were worth $402,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Wedge Capital Management L L P NC raised its stake in shares of Alphabet by 0.6% during the 2nd quarter. Wedge Capital Management L L P NC now owns 964 shares of the information services provider’s stock valued at $2,109,000 after buying an additional 6 shares during the last quarter. Ignite Planners LLC raised its position in Alphabet by 4.7% in the second quarter. Ignite Planners LLC now owns 134 shares of the information services provider’s stock valued at $320,000 after purchasing an additional 6 shares during the period. Blue Zone Wealth Advisors LLC raised its position in Alphabet by 2.6% in the second quarter. Blue Zone Wealth Advisors LLC now owns 281 shares of the information services provider’s stock valued at $615,000 after purchasing an additional 7 shares during the period. Financial Advisors Network Inc. increased its position in shares of Alphabet by 4.5% during the first quarter. Financial Advisors Network Inc. now owns 161 shares of the information services provider’s stock worth $450,000 after acquiring an additional 7 shares during the period. Finally, WBH Advisory Inc. increased its position in shares of Alphabet by 0.9% during the second quarter. WBH Advisory Inc. now owns 867 shares of the information services provider’s stock worth $2,021,000 after acquiring an additional 8 shares during the period. Institutional investors and hedge funds own 28.69% of the company’s stock.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 855 shares of the stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total value of $77,933.25. Following the completion of the transaction, the chief accounting officer now directly owns 25,122 shares of the company’s stock, valued at $2,289,870.30. The sale was disclosed in a filing with the SEC, which is available at this link. In other Alphabet news, CAO Amie Thuener O’toole sold 855 shares of the stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total value of $77,933.25. Following the completion of the transaction, the chief accounting officer now directly owns 25,122 shares of the company’s stock, valued at $2,289,870.30. The sale was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder 2019 Gp L.L.C. Gv bought 800,000 shares of the company’s stock in a transaction on Monday, October 24th. The stock was bought 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 disclosure for this purchase can be found here. Over the last ninety days, insiders bought 1,461,702 shares of company stock valued at $36,999,217 and sold 190,744 shares valued at $8,564,640. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Trading Up 1.0 %

NASDAQ GOOG opened at $92.80 on Monday. The stock has a market capitalization of $1.20 trillion, a P/E ratio of 18.43, a P/E/G 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. The firm has a 50-day moving average price of $93.23 and a 200 day moving average price of $102.78. 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 (NASDAQ:GOOGGet Rating) last posted its quarterly earnings results on Tuesday, October 25th. The information services provider reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.19). The firm had revenue of $69.09 billion for the quarter, compared to analysts’ expectations of $70.67 billion. Alphabet had a return on equity of 26.41% and a net margin of 23.75%. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.40 earnings per share. Equities research analysts expect that Alphabet Inc. will post 4.68 EPS for the current year.

Wall Street Analyst Weigh In

GOOG has been the topic of a number of recent research reports. 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 report on Friday, October 21st. JPMorgan Chase & Co. set a $115.00 target price on shares of Alphabet in a research note on Wednesday, October 26th. The Goldman Sachs Group set a $135.00 target price on shares of Alphabet in a research note on Friday, November 18th. Jefferies Financial Group set a $125.00 target price on shares of Alphabet in a research note on Monday, January 9th. Finally, Piper Sandler lowered their target price on shares of Alphabet from $135.00 to $122.00 and set an “overweight” rating for the company in a research note on Wednesday, October 26th. One analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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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