Alphabet Inc. (NASDAQ:GOOG) Holdings Lifted by Country Club Bank GFN

Country Club Bank GFN grew its position in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 2,655.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 136,629 shares of the information services provider’s stock after buying an additional 131,670 shares during the period. Alphabet makes up approximately 1.3% of Country Club Bank GFN’s investment portfolio, making the stock its 14th largest position. Country Club Bank GFN’s holdings in Alphabet were worth $13,402,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of GOOG. DC Investments Management LLC acquired a new stake in shares of Alphabet in the 1st quarter worth approximately $115,000. Guardian Wealth Management Inc. acquired a new stake in shares of Alphabet in the 1st quarter worth approximately $184,000. Turim 21 Investimentos Ltda. lifted its stake in shares of Alphabet by 10.8% in the 1st quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock worth $229,000 after acquiring an additional 8 shares during the period. OneAscent Financial Services LLC acquired a new stake in shares of Alphabet in the 2nd quarter worth approximately $203,000. Finally, Aspireon Wealth Advisors acquired a new stake in shares of Alphabet in the 2nd quarter worth approximately $212,000. Institutional investors own 28.69% of the company’s stock.

Insider Transactions at Alphabet

In other news, major shareholder 2017 Gp L.L.C. Gv sold 107,393 shares of the stock in a transaction on Monday, October 31st. The shares were sold at an average price of $38.64, for a total transaction of $4,149,665.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CAO Amie Thuener O’toole sold 855 shares of the stock in a transaction 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 approximately $2,243,449.90. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder 2017 Gp L.L.C. Gv sold 107,393 shares of the stock in a transaction on Monday, October 31st. The stock was sold at an average price of $38.64, for a total transaction of $4,149,665.52. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 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 currently owned by company insiders.

Analyst Upgrades and Downgrades

GOOG has been the subject of a number of research analyst reports. Raymond James reduced their price target on shares of Alphabet from $120.00 to $116.00 and set an “outperform” rating for the company in a research note on Tuesday. UBS Group set a $115.00 target price on shares of Alphabet in a research note on Thursday, January 12th. Cowen cut their target price on shares of Alphabet from $150.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Jefferies Financial Group set a $125.00 target price on shares of Alphabet in a research note on Monday, January 9th. Finally, Piper Sandler cut their target price on shares of Alphabet from $135.00 to $122.00 and set an “overweight” rating for the company in a research note on Wednesday, October 26th. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and an average price target of $140.40.

Alphabet Stock Down 2.0 %

Alphabet stock opened at $99.21 on Wednesday. The firm has a market cap of $1.28 trillion, a PE ratio of 19.70, a P/E/G ratio of 1.74 and a beta of 1.08. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.47 and a current ratio of 2.52. The firm’s 50 day moving average price is $93.63 and its two-hundred day moving average price is $102.00. Alphabet Inc. has a twelve month low of $83.45 and a twelve month high of $152.10.

Alphabet (NASDAQ:GOOG – Get Rating) last released 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). 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 analyst estimates of $70.67 billion. During the same quarter in the prior year, the company posted $1.40 EPS. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, research analysts predict that Alphabet Inc. will post 4.68 EPS 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.