Community Bank & Trust Waco Texas raised its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 9.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,198 shares of the information services provider’s stock after purchasing an additional 106 shares during the period. Community Bank & Trust Waco Texas’ holdings in Alphabet were worth $1,430,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Braun Bostich & Associates Inc. purchased a new stake in shares of Alphabet during the first quarter valued at $107,000. JJJ Advisors Inc. purchased a new stake in shares of Alphabet during the second quarter valued at $134,000. ELM Advisors LLC purchased a new stake in shares of Alphabet during the third quarter valued at $138,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of Alphabet during the third quarter valued at $161,000. Finally, Blackhawk Capital Partners LLC. grew its holdings in shares of Alphabet by 148.6% during the second quarter. Blackhawk Capital Partners LLC. now owns 174 shares of the information services provider’s stock valued at $194,000 after buying an additional 104 shares during the last quarter. 40.44% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:GOOG opened at $1,036.58 on Friday. Alphabet Inc has a one year low of $980.64 and a one year high of $1,273.89. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.10 and a current ratio of 4.14. The firm has a market capitalization of $731.24 billion, a price-to-earnings ratio of 23.65 and a beta of 1.15.
Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, October 25th. The information services provider reported $13.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.41 by $2.65. Alphabet had a net margin of 14.45% and a return on equity of 19.40%. The business had revenue of $27.16 billion for the quarter.
In other news, CEO Sundar Pichai sold 10,000 shares of the stock in a transaction dated Thursday, December 6th. The shares were sold at an average price of $1,041.75, for a total transaction of $10,417,500.00. Following the sale, the chief executive officer now directly owns 830 shares of the company’s stock, valued at approximately $864,652.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Amie Thuener O’toole sold 80 shares of the stock in a transaction dated Tuesday, October 2nd. The stock was sold at an average price of $1,190.96, for a total transaction of $95,276.80. Following the sale, the vice president now directly owns 388 shares in the company, valued at $462,092.48. The disclosure for this sale can be found here. Over the last three months, insiders have sold 89,437 shares of company stock worth $98,403,047. Corporate insiders own 13.11% of the company’s stock.
GOOG has been the topic of a number of research analyst reports. BidaskClub raised shares of Alphabet from a “hold” rating to a “buy” rating in a report on Thursday, August 30th. ValuEngine raised shares of Alphabet from a “hold” rating to a “buy” rating in a report on Wednesday, August 29th. Morgan Stanley reissued a “buy” rating on shares of Alphabet in a report on Wednesday, August 29th. Macquarie reissued a “buy” rating on shares of Alphabet in a report on Monday, August 27th. Finally, Wells Fargo & Co reissued a “buy” rating on shares of Alphabet in a report on Thursday, August 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $1,301.81.
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Alphabet Company Profile
Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.
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