Eubel Brady & Suttman Asset Management Inc. lifted its stake in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 1,801.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,795 shares of the information services provider’s stock after purchasing an additional 12,122 shares during the quarter. Eubel Brady & Suttman Asset Management Inc.’s holdings in Alphabet were worth $1,230,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. OLD Second National Bank of Aurora increased its stake in Alphabet by 1,900.0% in the 3rd quarter. OLD Second National Bank of Aurora now owns 260 shares of the information services provider’s stock worth $25,000 after buying an additional 247 shares in the last quarter. Westchester Capital Management Inc. boosted its holdings in shares of Alphabet by 1,900.0% during the 3rd quarter. Westchester Capital Management Inc. now owns 260 shares of the information services provider’s stock valued at $25,000 after purchasing an additional 247 shares during the last quarter. Carolina Wealth Advisors LLC boosted its holdings in shares of Alphabet by 1,900.0% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 300 shares of the information services provider’s stock valued at $29,000 after purchasing an additional 285 shares during the last quarter. Saban Cheryl boosted its holdings in shares of Alphabet by 1,900.0% during the 3rd quarter. Saban Cheryl now owns 200 shares of the information services provider’s stock valued at $29,000 after purchasing an additional 190 shares during the last quarter. Finally, NewSquare Capital LLC boosted its holdings in shares of Alphabet by 1,900.0% during the 3rd quarter. NewSquare Capital LLC now owns 320 shares of the information services provider’s stock valued at $31,000 after purchasing an additional 304 shares during the last quarter. 28.69% of the stock is owned by institutional investors.
Alphabet Stock Up 0.2 %
Shares of NASDAQ GOOG opened at $90.30 on Wednesday. Alphabet Inc. has a 12-month low of $83.45 and a 12-month high of $144.16. The stock has a market cap of $1.16 trillion, a PE ratio of 19.84, a P/E/G ratio of 1.23 and a beta of 1.08. 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 company has a 50-day moving average of $94.12 and a 200 day moving average of $98.59.
Insider Buying and Selling at Alphabet
In other Alphabet news, CAO Amie Thuener O’toole sold 855 shares of the business’s stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $101.13, for a total value of $86,466.15. Following the transaction, the chief accounting officer now directly owns 24,908 shares in the company, valued at approximately $2,518,946.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Ann Mather sold 380 shares of the company’s stock in a transaction that occurred on Tuesday, December 27th. The shares were sold at an average price of $89.24, for a total value of $33,911.20. Following the transaction, the director now directly owns 11,300 shares in the company, valued at approximately $1,008,412. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 855 shares of the company’s stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $101.13, for a total transaction of $86,466.15. Following the completion of the transaction, the chief accounting officer now owns 24,908 shares in the company, valued at $2,518,946.04. The disclosure for this sale can be found here. Insiders have sold 36,963 shares of company stock worth $3,453,119 in the last ninety days. 12.99% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several research firms have commented on GOOG. Jefferies Financial Group set a $125.00 price objective on shares of Alphabet in a report on Friday, February 3rd. Bank of America raised their price objective on shares of Alphabet from $116.00 to $119.00 and gave the stock a “buy” rating in a research note on Tuesday, January 31st. Cowen reduced their target price on shares of Alphabet from $135.00 to $125.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 11th. Roth Capital reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, February 3rd. Finally, Royal Bank of Canada set a $130.00 price objective on shares of Alphabet in a report on Friday, February 3rd. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $137.13.
Alphabet Company Profile
Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.
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