Larson Financial Group LLC Purchases 4,755 Shares of Alphabet Inc. (NASDAQ:GOOG)

Larson Financial Group LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGFree Report) by 13.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 39,557 shares of the information services provider’s stock after acquiring an additional 4,755 shares during the quarter. Larson Financial Group LLC’s holdings in Alphabet were worth $5,216,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich grew its position in Alphabet by 94,153.5% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 200,558,295 shares of the information services provider’s stock valued at $24,261,537,000 after purchasing an additional 200,345,509 shares in the last quarter. Moneta Group Investment Advisors LLC grew its position in shares of Alphabet by 61,587.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 130,046,253 shares of the information services provider’s stock valued at $11,539,004,000 after acquiring an additional 129,835,437 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Alphabet by 1,807.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 57,069,444 shares of the information services provider’s stock worth $5,487,226,000 after buying an additional 54,077,519 shares during the period. Norges Bank bought a new stake in shares of Alphabet during the 4th quarter worth about $3,059,614,000. Finally, Morgan Stanley boosted its holdings in shares of Alphabet by 37.6% during the 4th quarter. Morgan Stanley now owns 71,779,112 shares of the information services provider’s stock worth $6,368,961,000 after buying an additional 19,612,974 shares during the period. 27.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on GOOG shares. Raymond James boosted their price objective on shares of Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday. Oppenheimer reiterated an “outperform” rating and set a $160.00 price objective on shares of Alphabet in a research report on Wednesday, October 25th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $133.14.

View Our Latest Research Report on Alphabet

Alphabet Stock Performance

Alphabet stock traded down $0.09 during midday trading on Friday, hitting $153.55. The stock had a trading volume of 10,531,063 shares, compared to its average volume of 18,217,156. The company has a market capitalization of $1.92 trillion, a PE ratio of 29.43, a P/E/G ratio of 1.34 and a beta of 1.06. The firm’s fifty day moving average is $139.90 and its two-hundred day moving average is $134.80. Alphabet Inc. has a 52-week low of $88.86 and a 52-week high of $154.76. The company has a current ratio of 2.04, a quick ratio of 2.01 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGGet Free Report) last released its earnings results on Tuesday, October 24th. The information services provider reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.10. The business had revenue of $64.05 billion for the quarter, compared to analyst estimates of $63.13 billion. Alphabet had a return on equity of 25.24% and a net margin of 22.46%. On average, research analysts forecast that Alphabet Inc. will post 5.77 EPS for the current year.

Insider Buying and Selling at Alphabet

In related news, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $143.49, for a total transaction of $28,698.00. Following the completion of the sale, the director now owns 6,784 shares of the company’s stock, valued at $973,436.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $143.49, for a total transaction of $28,698.00. Following the completion of the sale, the director now directly owns 6,784 shares in the company, valued at $973,436.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frances Arnold sold 250 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $124.36, for a total value of $31,090.00. Following the sale, the director now owns 14,226 shares of the company’s stock, valued at $1,769,145.36. The disclosure for this sale can be found here. Insiders have sold 189,459 shares of company stock worth $25,949,772 over the last quarter. Insiders own 12.99% of the company’s stock.

Alphabet Profile

(Free Report)

Alphabet Inc offers 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 provides 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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