Callan Family Office LLC Raises Position in Alphabet Inc. (NASDAQ:GOOGL)

Callan Family Office LLC grew its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 27.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,318 shares of the information services provider’s stock after buying an additional 1,576 shares during the quarter. Callan Family Office LLC’s holdings in Alphabet were worth $1,214,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in GOOGL. Kesler Norman & Wride LLC boosted its position in shares of Alphabet by 6.3% during the third quarter. Kesler Norman & Wride LLC now owns 23,289 shares of the information services provider’s stock valued at $3,863,000 after buying an additional 1,374 shares during the last quarter. Aprio Wealth Management LLC grew its stake in shares of Alphabet by 5.6% in the third quarter. Aprio Wealth Management LLC now owns 9,632 shares of the information services provider’s stock worth $1,597,000 after acquiring an additional 512 shares during the period. Chapin Davis Inc. boosted its holdings in Alphabet by 1.7% in the third quarter. Chapin Davis Inc. now owns 41,961 shares of the information services provider’s stock worth $6,959,000 after purchasing an additional 707 shares during the last quarter. Bangor Savings Bank boosted its stake in shares of Alphabet by 1.2% in the 3rd quarter. Bangor Savings Bank now owns 32,591 shares of the information services provider’s stock worth $5,405,000 after buying an additional 388 shares during the last quarter. Finally, Affinity Capital Advisors LLC grew its holdings in shares of Alphabet by 5.9% in the third quarter. Affinity Capital Advisors LLC now owns 4,470 shares of the information services provider’s stock worth $741,000 after acquiring an additional 251 shares during the period. Institutional investors own 40.03% of the company’s stock.

Alphabet Trading Up 0.3 %

Shares of GOOGL stock opened at $165.46 on Wednesday. The company has a market cap of $2.04 trillion, a PE ratio of 25.38, a price-to-earnings-growth ratio of 1.21 and a beta of 1.04. Alphabet Inc. has a 1 year low of $120.21 and a 1 year high of $191.75. The stock’s 50 day simple moving average is $161.63 and its two-hundred day simple moving average is $168.07. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08.

Alphabet (NASDAQ:GOOGL) last released its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.04. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. The firm had revenue of $84.74 billion for the quarter, compared to the consensus estimate of $70.60 billion. During the same quarter in the previous year, the company posted $1.44 EPS. Research analysts predict that Alphabet Inc. will post 7.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

GOOGL has been the topic of several research reports. Citigroup raised their target price on Alphabet from $190.00 to $212.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. The Goldman Sachs Group dropped their price objective on shares of Alphabet from $217.00 to $208.00 and set a “buy” rating on the stock in a report on Monday. Pivotal Research raised shares of Alphabet to a “strong-buy” rating in a report on Tuesday, October 1st. Jefferies Financial Group lifted their price target on shares of Alphabet from $215.00 to $220.00 in a research note on Tuesday, July 9th. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $181.00 price objective on shares of Alphabet in a research note on Wednesday, July 24th. Eight investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and a consensus price target of $201.13.

Insiders Place Their Bets

In other news, Director John L. Hennessy sold 1,500 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $164.95, for a total transaction of $247,425.00. Following the completion of the sale, the director now directly owns 26,324 shares of the company’s stock, valued at approximately $4,342,143.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Alphabet news, SVP Prabhakar Raghavan sold 34,257 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the transaction, the senior vice president now directly owns 312,210 shares in the company, valued at $50,765,346. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John L. Hennessy sold 1,500 shares of the company’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $164.95, for a total value of $247,425.00. Following the completion of the sale, the director now owns 26,324 shares of the company’s stock, valued at $4,342,143.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 197,926 shares of company stock worth $32,251,590 over the last quarter. Company insiders own 11.55% of the company’s stock.

About Alphabet

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, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.