Nicolet Advisory Services LLC Buys 11,818 Shares of Alphabet Inc. (NASDAQ:GOOG)

Posted by on Feb 25th, 2023

Nicolet Advisory Services LLC raised its stake in shares of Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 1,900.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 12,440 shares of the information services provider’s stock after purchasing an additional 11,818 shares during the period. Nicolet Advisory Services LLC’s holdings in Alphabet were worth $1,228,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. OLD Second National Bank of Aurora boosted its stake in shares of Alphabet by 1,900.0% in the third quarter. OLD Second National Bank of Aurora now owns 260 shares of the information services provider’s stock worth $25,000 after acquiring an additional 247 shares during the period. Westchester Capital Management Inc. boosted its stake in shares of Alphabet by 1,900.0% in the third quarter. Westchester Capital Management Inc. now owns 260 shares of the information services provider’s stock worth $25,000 after acquiring an additional 247 shares during the period. Carolina Wealth Advisors LLC boosted its stake in shares of Alphabet by 1,900.0% in the third quarter. Carolina Wealth Advisors LLC now owns 300 shares of the information services provider’s stock worth $29,000 after acquiring an additional 285 shares during the period. Saban Cheryl boosted its stake in shares of Alphabet by 1,900.0% in the third quarter. Saban Cheryl now owns 200 shares of the information services provider’s stock worth $29,000 after acquiring an additional 190 shares during the period. Finally, NewSquare Capital LLC lifted its position in shares of Alphabet by 1,900.0% in the third quarter. NewSquare Capital LLC now owns 320 shares of the information services provider’s stock worth $31,000 after buying an additional 304 shares in the last quarter. Institutional investors own 28.69% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. UBS Group set a $120.00 target price on Alphabet in a research report on Monday, February 6th. Oppenheimer upped their price objective on Alphabet from $130.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, February 3rd. Jefferies Financial Group set a $125.00 price objective on Alphabet in a research report on Friday, February 3rd. Societe Generale decreased their price objective on Alphabet from $147.00 to $132.00 and set a “buy” rating on the stock in a research report on Wednesday, November 30th. Finally, Bank of America upped their price objective on Alphabet from $116.00 to $119.00 and gave the company a “buy” rating in a research report on Tuesday, January 31st. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $137.13.

Insider Transactions at Alphabet

In related news, SVP Prabhakar Raghavan sold 22,203 shares of the firm’s stock in a transaction on 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 completion of the transaction, the senior vice president now owns 76,579 shares in the company, valued at approximately $6,872,965.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Prabhakar Raghavan sold 22,203 shares of the firm’s stock in a transaction on 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 completion of the transaction, the senior vice president now owns 76,579 shares in the company, valued at approximately $6,872,965.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Kent Walker sold 11,313 shares of the firm’s stock in a transaction on Monday, January 23rd. The stock was sold at an average price of $100.00, for a total value of $1,131,300.00. Following the completion of the transaction, the insider now owns 41,970 shares of the company’s stock, valued at approximately $4,197,000. The disclosure for this sale can be found here. Insiders sold 36,583 shares of company stock valued at $3,418,900 in the last quarter. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Stock Down 1.9 %

Shares of NASDAQ GOOG opened at $89.35 on Friday. The company has a current ratio of 2.38, a quick ratio of 2.34 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $1.14 trillion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 1.26 and a beta of 1.08. Alphabet Inc. has a 12-month low of $83.45 and a 12-month high of $144.16. The stock’s fifty day simple moving average is $94.09 and its two-hundred day simple moving average is $99.30.

Alphabet (NASDAQ:GOOG – Get Rating) last posted its quarterly earnings data on Thursday, February 2nd. The information services provider reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.09). The business had revenue of $76.05 billion during the quarter, compared to analyst estimates of $76.49 billion. Alphabet had a return on equity of 23.54% and a net margin of 21.20%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.53 EPS. As a group, analysts expect that Alphabet Inc. will post 5.15 EPS for the current fiscal year.

Alphabet Profile

(Get Rating)

Alphabet, Inc is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube.

Featured Stories

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOG – Get Rating).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.