Nelson Van Denburg & Campbell Wealth Management Group LLC Has $2.27 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOGGet Rating) by 2,018.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,624 shares of the information services provider’s stock after buying an additional 22,509 shares during the quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Alphabet were worth $2,270,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Wedge Capital Management L L P NC lifted its position 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 during the last quarter. Ignite Planners LLC lifted its position 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 during the last quarter. Financial Advisors Network Inc. increased its stake 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 purchasing an additional 7 shares during the period. Blue Zone Wealth Advisors LLC increased its stake 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 purchasing an additional 7 shares during the period. Finally, Turim 21 Investimentos Ltda. increased its stake in Alphabet by 10.8% in the 1st quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock worth $229,000 after purchasing an additional 8 shares during the period. Institutional investors and hedge funds own 28.69% of the company’s stock.

Alphabet Trading Up 1.0 %

Alphabet stock opened at $92.80 on Tuesday. The company has a current ratio of 2.52, a quick ratio of 2.47 and a debt-to-equity ratio of 0.06. The business’s fifty day simple moving average is $93.32 and its two-hundred day simple moving average is $102.62. Alphabet Inc. has a 12 month low of $83.45 and a 12 month high of $152.10. The company has a market capitalization of $1.20 trillion, a price-to-earnings ratio of 18.43, a price-to-earnings-growth ratio of 1.63 and a beta of 1.08.

Alphabet (NASDAQ:GOOGGet Rating) last announced its quarterly earnings results 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). 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 company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.40 earnings per share. As a group, equities analysts predict that Alphabet Inc. will post 4.68 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GOOG has been the topic of a number of analyst reports. Jefferies Financial Group set a $125.00 price target on Alphabet in a research note on Monday, January 9th. Raymond James decreased their price target on Alphabet from $143.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Societe Generale decreased 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. Deutsche Bank Aktiengesellschaft reduced their target price on Alphabet from $135.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, October 21st. Finally, Sanford C. Bernstein set a $120.00 target price on Alphabet in a research note on Thursday, January 12th. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.88.

Insider Activity

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv purchased 800,000 shares of the 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 acquisition, the insider now directly owns 11,522,248 shares in the company, valued at approximately $195,878,216. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, major shareholder 2019 Gp L.L.C. Gv acquired 800,000 shares of Alphabet stock in a transaction that occurred on 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 transaction, the insider now owns 11,522,248 shares in the company, valued at $195,878,216. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Prabhakar Raghavan sold 22,203 shares of the company’s stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $89.75, for a total value of $1,992,719.25. Following the sale, the senior vice president now owns 76,579 shares of the company’s stock, valued at approximately $6,872,965.25. 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. Corporate insiders own 12.99% of the company’s stock.

Alphabet Company Profile

(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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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