Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Berger Financial Group Inc

Berger Financial Group Inc grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 1,983.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,201 shares of the information services provider’s stock after acquiring an additional 62,072 shares during the quarter. Alphabet comprises approximately 0.9% of Berger Financial Group Inc’s investment portfolio, making the stock its 25th largest holding. Berger Financial Group Inc’s holdings in Alphabet were worth $6,236,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Louisiana State Employees Retirement System acquired a new position in shares of Alphabet during the third quarter valued at about $55,305,000. Griffin Asset Management Inc. increased its holdings in Alphabet by 1,900.0% in the 3rd quarter. Griffin Asset Management Inc. now owns 52,240 shares of the information services provider’s stock worth $4,997,000 after buying an additional 49,628 shares during the period. Farmers Trust Co. increased its holdings in Alphabet by 2.2% in the 2nd quarter. Farmers Trust Co. now owns 5,924 shares of the information services provider’s stock worth $12,910,000 after buying an additional 129 shares during the period. Ziegler Capital Management LLC increased its holdings in Alphabet by 62.3% in the 2nd quarter. Ziegler Capital Management LLC now owns 33,282 shares of the information services provider’s stock worth $72,531,000 after buying an additional 12,774 shares during the period. Finally, Wilkinson Global Asset Management LLC increased its holdings in Alphabet by 1,900.0% in the 3rd quarter. Wilkinson Global Asset Management LLC now owns 6,460 shares of the information services provider’s stock worth $618,000 after buying an additional 6,137 shares during the period. Institutional investors and hedge funds own 34.06% of the company’s stock.

Alphabet Trading Up 1.8 %

Shares of GOOGL stock opened at $99.79 on Tuesday. Alphabet Inc. has a fifty-two week low of $83.34 and a fifty-two week high of $151.55. The firm has a market capitalization of $1.29 trillion, a P/E ratio of 19.82, a PEG ratio of 1.72 and a beta of 1.09. The stock’s fifty day moving average is $93.12 and its two-hundred day moving average is $101.49. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.47 and a current ratio of 2.52.

Alphabet (NASDAQ:GOOGLGet Rating) last issued its 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). Alphabet had a return on equity of 26.41% and a net margin of 23.75%. The company had revenue of $57.27 billion during the quarter, compared to analyst estimates of $58.36 billion. During the same period last year, the business earned $1.40 earnings per share. Research analysts expect that Alphabet Inc. will post 4.68 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on GOOGL shares. Tigress Financial cut their price target on shares of Alphabet from $186.00 to $160.00 and set a “strong-buy” rating on the stock in a report on Friday, January 6th. Atlantic Securities cut their price target on shares of Alphabet to $115.00 in a report on Thursday, October 27th. Royal Bank of Canada cut their price target on shares of Alphabet from $135.00 to $130.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Needham & Company LLC lowered their price objective on Alphabet from $160.00 to $115.00 and set a “buy” rating on the stock in a research report on Thursday, December 22nd. Finally, MKM Partners lowered their price objective on Alphabet from $140.00 to $134.00 and set a “buy” rating on the stock in a research report on Wednesday, October 19th. Five equities research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $132.13.

Insiders Place Their Bets

In other Alphabet news, major shareholder 2017 Gp L.L.C. Gv sold 107,393 shares of the firm’s stock in a transaction on Monday, October 31st. The stock was sold at an average price of $38.64, for a total value of $4,149,665.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder 2017 Gp L.L.C. Gv sold 107,393 shares of the firm’s stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $38.64, for a total transaction of $4,149,665.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Prabhakar Raghavan sold 22,203 shares of the firm’s stock in a transaction dated Tuesday, January 3rd. The stock was 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 directly owns 76,579 shares of the company’s stock, valued at $6,872,965.25. The disclosure for this sale can be found here. In the last three months, insiders purchased 661,702 shares of company stock valued at $23,399,217 and sold 190,464 shares valued at $8,535,735. Corporate insiders own 11.44% of the company’s stock.

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:GOOGL)

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