Investors Asset Management of Georgia Inc. GA ADV Has $157,000 Stake in Alphabet Inc. (NASDAQ:GOOG)

Investors Asset Management of Georgia Inc. GA ADV raised its stake in Alphabet Inc. (NASDAQ:GOOGGet Rating) by 2,662.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,630 shares of the information services provider’s stock after buying an additional 1,571 shares during the quarter. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Alphabet were worth $157,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. OLD Second National Bank of Aurora grew its holdings in shares of 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 in the last quarter. Carolina Wealth Advisors LLC grew its stake in Alphabet by 1,900.0% in the third 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 in the last quarter. NewSquare Capital LLC grew its stake in Alphabet by 1,900.0% in the third 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 in the last quarter. Schubert & Co grew its stake in Alphabet by 1,192.9% in the third quarter. Schubert & Co now owns 362 shares of the information services provider’s stock valued at $35,000 after purchasing an additional 334 shares in the last quarter. Finally, Corsicana & Co. grew its stake in Alphabet by 1,900.0% in the third quarter. Corsicana & Co. now owns 400 shares of the information services provider’s stock valued at $38,000 after purchasing an additional 380 shares in the last quarter. Institutional investors and hedge funds own 28.69% of the company’s stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 855 shares of Alphabet stock in a transaction on Wednesday, November 2nd. The stock was sold at an average price of $90.85, for a total value of $77,676.75. Following the completion of the transaction, the chief accounting officer now directly owns 24,694 shares of the company’s stock, valued at approximately $2,243,449.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Ann Mather sold 280 shares of Alphabet 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 transaction, the director now owns 11,200 shares in the company, valued at approximately $1,156,176. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 855 shares of Alphabet stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $90.85, for a total value of $77,676.75. Following the completion of the transaction, the chief accounting officer now owns 24,694 shares in the company, valued at approximately $2,243,449.90. The disclosure for this sale 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. Insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

NASDAQ:GOOG opened at $93.91 on Friday. The stock has a market cap of $1.22 trillion, a P/E ratio of 18.65, a PEG ratio of 1.63 and a beta of 1.08. The stock has a 50 day simple moving average of $93.47 and a 200 day simple moving average of $102.22. The company has a current ratio of 2.52, a quick ratio of 2.47 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a 1-year low of $83.45 and a 1-year high of $152.10.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on GOOG shares. Cowen decreased their price target on Alphabet from $150.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Piper Sandler decreased their price target on Alphabet from $135.00 to $122.00 and set an “overweight” rating for the company in a research note on Wednesday, October 26th. Cowen cut their price objective on Alphabet from $135.00 to $125.00 and set an “outperform” rating for the company in a research report on Wednesday, January 11th. Raymond James cut their price objective on Alphabet from $143.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Alphabet from $135.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, October 21st. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.56.

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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