Blue Barn Wealth LLC Acquires 5,241 Shares of Alphabet Inc. (NASDAQ:GOOG)

Blue Barn Wealth LLC boosted its holdings in Alphabet Inc. (NASDAQ:GOOGGet Rating) by 2,239.7% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,475 shares of the information services provider’s stock after acquiring an additional 5,241 shares during the quarter. Blue Barn Wealth LLC’s holdings in Alphabet were worth $526,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. OLD Second National Bank of Aurora increased its position in shares of Alphabet by 1,900.0% during 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 purchasing an additional 247 shares during the last quarter. Carolina Wealth Advisors LLC increased its position in shares of Alphabet by 1,900.0% during 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 increased its position in shares of Alphabet by 1,900.0% during 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 increased its position in shares of Alphabet by 1,192.9% during 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. increased its position in shares of Alphabet by 1,900.0% during 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. 28.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GOOG has been the subject of several analyst reports. The Goldman Sachs Group set a $135.00 target price on Alphabet in a report on Friday, November 18th. Oppenheimer dropped their target price on Alphabet from $155.00 to $135.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Jefferies Financial Group set a $125.00 target price on Alphabet in a report on Monday, January 9th. Credit Suisse Group set a $128.00 target price on Alphabet in a report on Wednesday, October 26th. Finally, Societe Generale dropped their target price on Alphabet from $147.00 to $132.00 and set a “buy” rating for the company in a report on Wednesday, November 30th. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $141.88.

Insider Activity at Alphabet

In related news, SVP Prabhakar Raghavan sold 22,203 shares of the firm’s stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $89.75, for a total transaction of $1,992,719.25. Following the completion of the transaction, the senior vice president now owns 76,579 shares of the company’s stock, valued at approximately $6,872,965.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, SVP Prabhakar Raghavan sold 22,203 shares of the firm’s stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $89.75, for a total transaction of $1,992,719.25. Following the completion of the transaction, the senior vice president now owns 76,579 shares of the company’s stock, valued at approximately $6,872,965.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 shares were bought at an average cost of $17.00 per share, with a total value of $13,600,000.00. Following the transaction, the insider now owns 11,522,248 shares in the company, valued at $195,878,216. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 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 owned by corporate insiders.

Alphabet Trading Down 0.4 %

GOOG opened at $91.78 on Thursday. The stock has a market cap of $1.19 trillion, a PE ratio of 18.23, a PEG ratio of 1.63 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. The business has a 50 day moving average of $93.38 and a 200-day moving average of $102.47. Alphabet Inc. has a 52 week low of $83.45 and a 52 week high of $152.10.

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

Alphabet Company 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.

See Also

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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