Hendershot Investments Inc. Grows Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Hendershot Investments Inc. raised its position in Alphabet Inc. (NASDAQ:GOOGGet Rating) by 1,870.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,560 shares of the information services provider’s stock after acquiring an additional 34,705 shares during the quarter. Hendershot Investments Inc.’s holdings in Alphabet were worth $3,515,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of GOOG. OLD Second National Bank of Aurora increased its position 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 valued at $25,000 after buying an additional 247 shares during the period. Carolina Wealth Advisors LLC increased its position in shares of Alphabet by 1,900.0% during the third quarter. Carolina Wealth Advisors LLC now owns 300 shares of the information services provider’s stock valued at $29,000 after buying an additional 285 shares during the period. NewSquare Capital LLC increased its position in shares of Alphabet by 1,900.0% during the third quarter. NewSquare Capital LLC now owns 320 shares of the information services provider’s stock valued at $31,000 after buying an additional 304 shares during the period. Schubert & Co increased its position in shares of Alphabet by 1,192.9% during the third quarter. Schubert & Co now owns 362 shares of the information services provider’s stock valued at $35,000 after buying an additional 334 shares during the period. Finally, Avion Wealth increased its position in shares of Alphabet by 1,900.0% during the third quarter. Avion Wealth now owns 380 shares of the information services provider’s stock valued at $37,000 after buying an additional 361 shares during the period. Hedge funds and other institutional investors own 28.69% of the company’s stock.

Alphabet Stock Up 1.9 %

Shares of Alphabet stock opened at $101.21 on Tuesday. The company has a market cap of $1.31 trillion, a price-to-earnings ratio of 20.10, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. The company’s 50 day moving average is $93.62 and its 200 day moving average is $102.10. Alphabet Inc. has a twelve month low of $83.45 and a twelve month high of $152.10. 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 (NASDAQ:GOOGGet Rating) last issued its quarterly earnings data on Tuesday, October 25th. The information services provider reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.19). The company 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 firm’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the company earned $1.40 EPS. Research analysts anticipate that Alphabet Inc. will post 4.68 EPS for the current year.

Analyst Ratings Changes

GOOG has been the topic of several research analyst reports. Cowen reduced their price target on shares of Alphabet from $150.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Alphabet from $135.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, October 21st. Cowen cut their price objective on shares of Alphabet from $135.00 to $125.00 and set an “outperform” rating on the stock in a report on Wednesday, January 11th. Raymond James cut their price objective on shares of Alphabet from $143.00 to $120.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Finally, UBS Group set a $115.00 price objective on shares of Alphabet in a report on Thursday, January 12th. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and a consensus target price of $140.56.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 855 shares of the stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $90.85, for a total transaction of $77,676.75. Following the transaction, the chief accounting officer now owns 24,694 shares in the company, valued at $2,243,449.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 855 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 24,694 shares in the company, valued at $2,243,449.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Prabhakar Raghavan sold 22,203 shares of the 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 in the company, valued at $6,872,965.25. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 661,702 shares of company stock worth $23,399,217 and have sold 190,464 shares worth $8,535,735. 12.99% of the stock is owned by insiders.

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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