Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by Benjamin F. Edwards & Company Inc.


Benjamin F. Edwards & Company Inc. lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGGet Rating) by 1,916.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 109,430 shares of the information services provider’s stock after acquiring an additional 104,002 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Alphabet were worth $10,522,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Curated Wealth Partners LLC boosted its stake in Alphabet by 1,916.3% in the 3rd quarter. Curated Wealth Partners LLC now owns 5,081 shares of the information services provider’s stock worth $489,000 after buying an additional 4,829 shares during the last quarter. Optimum Investment Advisors boosted its stake in Alphabet by 1,931.0% in the 3rd quarter. Optimum Investment Advisors now owns 26,220 shares of the information services provider’s stock worth $2,521,000 after buying an additional 24,929 shares during the last quarter. Bangor Savings Bank boosted its stake in Alphabet by 1,992.7% in the 3rd quarter. Bangor Savings Bank now owns 22,601 shares of the information services provider’s stock worth $2,173,000 after buying an additional 21,521 shares during the last quarter. Aurora Investment Managers LLC. boosted its stake in Alphabet by 1,900.0% in the 3rd quarter. Aurora Investment Managers LLC. now owns 32,960 shares of the information services provider’s stock worth $3,169,000 after buying an additional 31,312 shares during the last quarter. Finally, Affiance Financial LLC boosted its stake in Alphabet by 1,804.4% in the 3rd quarter. Affiance Financial LLC now owns 18,720 shares of the information services provider’s stock worth $1,800,000 after buying an additional 17,737 shares during the last quarter. Institutional investors and hedge funds own 28.69% of the company’s stock.

Analyst Ratings Changes

GOOG has been the topic of a number of research analyst reports. Societe Generale decreased their price target on Alphabet from $147.00 to $132.00 and set a “buy” rating on the stock in a research note on Wednesday, November 30th. UBS Group set a $115.00 price objective on Alphabet in a research note on Thursday, January 12th. Oppenheimer reduced their price objective on Alphabet from $155.00 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 objective on Alphabet in a research note on Wednesday, October 26th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Alphabet from $135.00 to $130.00 and set a “buy” rating on the stock in a research note on Friday, October 21st. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $140.56.

Alphabet Stock Performance

Shares of GOOG opened at $101.21 on Tuesday. The company has a quick ratio of 2.47, a current ratio of 2.52 and a debt-to-equity ratio of 0.06. The firm has a market cap of $1.31 trillion, a price-to-earnings ratio of 20.10, a PEG ratio of 1.74 and a beta of 1.08. Alphabet Inc. has a 52-week low of $83.45 and a 52-week high of $152.10. The business’s 50 day moving average is $93.62 and its two-hundred day moving average is $102.10.

Alphabet (NASDAQ:GOOGGet Rating) last posted its quarterly earnings results 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). The firm had revenue of $69.09 billion for 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%. The business’s revenue was up 6.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.40 earnings per share. Analysts forecast that Alphabet Inc. will post 4.68 EPS for the current fiscal year.

Insider Activity at Alphabet

In related news, SVP Prabhakar Raghavan sold 22,203 shares of the company’s 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 sale, the senior vice president now directly owns 76,579 shares of the company’s stock, valued at approximately $6,872,965.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, SVP Prabhakar Raghavan sold 22,203 shares of the company’s stock in a transaction 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 directly owns 76,579 shares in the company, valued at approximately $6,872,965.25. The sale was disclosed in a document filed with the SEC, which is available through this link. 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 stock was 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. In the last ninety days, insiders have bought 661,702 shares of company stock valued at $23,399,217 and have sold 190,464 shares valued at $8,535,735. Corporate insiders own 12.99% of the company’s stock.

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)



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