Alphabet Inc. (NASDAQ:GOOG) Shares Bought by Gitterman Wealth Management LLC

Gitterman Wealth Management LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOGGet Rating) by 1,946.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,780 shares of the information services provider’s stock after buying an additional 8,351 shares during the period. Alphabet accounts for approximately 0.9% of Gitterman Wealth Management LLC’s portfolio, making the stock its 14th biggest holding. Gitterman Wealth Management LLC’s holdings in Alphabet were worth $845,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Totem Point Management LLC increased its holdings in shares of Alphabet by 22.0% in the first quarter. Totem Point Management LLC now owns 3,171 shares of the information services provider’s stock valued at $8,857,000 after purchasing an additional 571 shares during the period. Somerville Kurt F increased its holdings in shares of Alphabet by 10.3% in the first quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock valued at $330,000 after purchasing an additional 11 shares during the period. BCK Partners Inc. acquired a new position in shares of Alphabet in the first quarter valued at approximately $2,564,000. Hall Capital Management Co. Inc. increased its holdings in shares of Alphabet by 53.2% in the first quarter. Hall Capital Management Co. Inc. now owns 144 shares of the information services provider’s stock valued at $402,000 after purchasing an additional 50 shares during the period. Finally, Fairfield Bush & CO. increased its holdings in shares of Alphabet by 6.8% in the first quarter. Fairfield Bush & CO. now owns 3,370 shares of the information services provider’s stock valued at $9,412,000 after purchasing an additional 214 shares during the period. Institutional investors and hedge funds own 28.69% of the company’s stock.

Analysts Set New Price Targets

GOOG has been the topic of a number of recent research reports. The Goldman Sachs Group set a $135.00 target price on Alphabet in a report on Friday, November 18th. Cowen decreased their price target on Alphabet from $150.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Credit Suisse Group set a $128.00 price target on Alphabet in a research note on Wednesday, October 26th. Sanford C. Bernstein set a $120.00 price target on Alphabet in a research note on Thursday, January 12th. Finally, Cowen decreased their price target on Alphabet from $135.00 to $125.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 11th. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $140.56.

Insider Activity

In other news, Director Ann Mather sold 280 shares of the company’s stock in a transaction on Tuesday, October 25th. The stock was sold at an average price of $103.23, for a total value of $28,904.40. Following the sale, the director now directly owns 11,200 shares in the company, valued at $1,156,176. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Ann Mather sold 280 shares of the company’s stock in a transaction on Tuesday, October 25th. The stock was sold at an average price of $103.23, for a total value of $28,904.40. Following the completion of the transaction, the director now directly owns 11,200 shares in the company, valued at $1,156,176. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder 2017 Gp L.L.C. Gv sold 107,393 shares of the company’s stock in a transaction on Monday, October 31st. The shares were sold at an average price of $38.64, for a total value of $4,149,665.52. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 1,461,702 shares of company stock worth $36,999,217 and have sold 190,744 shares worth $8,564,640. Company insiders own 12.99% of the company’s stock.

Alphabet Stock Up 2.3 %

Shares of NASDAQ:GOOG opened at $93.91 on Friday. 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 52-week low of $83.45 and a 52-week high of $152.10. The stock’s fifty day simple moving average is $93.47 and its 200-day simple moving average is $102.22. The company has a market capitalization of $1.22 trillion, a P/E ratio of 18.65, a P/E/G ratio of 1.63 and a beta of 1.08.

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 the consensus estimate of $1.25 by ($0.19). Alphabet had a net margin of 23.75% and a return on equity of 26.41%. The company had revenue of $69.09 billion during the quarter, compared to analysts’ expectations of $70.67 billion. During the same quarter in the prior year, the company earned $1.40 earnings per share. The firm’s revenue was up 6.1% compared to the same quarter last year. As a group, equities research analysts forecast that Alphabet Inc. will post 4.68 earnings per share 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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