Wills Financial Group Inc. increased its position in shares of Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 1,921.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,660 shares of the information services provider’s stock after purchasing an additional 5,380 shares during the quarter. Wills Financial Group Inc.’s holdings in Alphabet were worth $544,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the stock. OLD Second National Bank of Aurora raised its position 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 valued at $25,000 after purchasing an additional 247 shares during the period. Westchester Capital Management Inc. raised its position 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 valued at $25,000 after purchasing an additional 247 shares during the period. Carolina Wealth Advisors LLC raised its position 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 valued at $29,000 after purchasing an additional 285 shares during the period. Saban Cheryl raised its position 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 valued at $29,000 after purchasing an additional 190 shares during the period. Finally, NewSquare Capital LLC grew its stake in Alphabet by 1,900.0% during the third quarter. NewSquare Capital LLC now owns 320 shares of the information services provider’s stock valued at $31,000 after acquiring an additional 304 shares in the last quarter. Institutional investors own 28.69% of the company’s stock.
Alphabet Trading Up 0.2 %
NASDAQ:GOOG opened at $90.51 on Thursday. The company has a quick ratio of 2.34, a current ratio of 2.38 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a 52 week low of $83.45 and a 52 week high of $144.16. The firm has a market capitalization of $1.16 trillion, a P/E ratio of 19.89, a P/E/G ratio of 1.24 and a beta of 1.08. The company has a fifty day moving average of $94.13 and a 200 day moving average of $98.53.
Analyst Upgrades and Downgrades
Several brokerages recently commented on GOOG. Royal Bank of Canada set a $130.00 price objective on shares of Alphabet in a research note on Friday, February 3rd. Jefferies Financial Group set a $125.00 price target on shares of Alphabet in a research note on Friday, February 3rd. UBS Group set a $120.00 price target on shares of Alphabet in a research note on Monday, February 6th. Sanford C. Bernstein set a $130.00 price target on shares of Alphabet in a research note on Monday, February 6th. Finally, Piper Sandler cut their price objective on shares of Alphabet from $122.00 to $120.00 and set an “overweight” rating for the company in a research note on Friday, February 3rd. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $137.13.
Insiders Place Their Bets
In other Alphabet news, CAO Amie Thuener O’toole sold 855 shares of the company’s stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total value of $77,933.25. Following the completion of the transaction, the chief accounting officer now directly owns 25,122 shares in the company, valued at approximately $2,289,870.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Ann Mather sold 380 shares of the stock in a transaction dated Tuesday, December 27th. The shares were sold at an average price of $89.24, for a total transaction of $33,911.20. Following the sale, the director now directly owns 11,300 shares of the company’s stock, valued at approximately $1,008,412. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 855 shares of the firm’s stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total transaction of $77,933.25. Following the sale, the chief accounting officer now directly owns 25,122 shares in the company, valued at approximately $2,289,870.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,745 shares of company stock worth $3,424,078. 12.99% of the stock is currently owned by corporate insiders.
Alphabet 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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