Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Schaper Benz & Wise Investment Counsel Inc. WI

Schaper Benz & Wise Investment Counsel Inc. WI increased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 2.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 140,550 shares of the information services provider’s stock after acquiring an additional 3,685 shares during the period. Alphabet makes up about 1.9% of Schaper Benz & Wise Investment Counsel Inc. WI’s holdings, making the stock its 15th largest holding. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Alphabet were worth $23,310,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of GOOGL. Cedrus LLC increased its holdings in Alphabet by 16.8% in the third quarter. Cedrus LLC now owns 7,382 shares of the information services provider’s stock valued at $1,224,000 after buying an additional 1,064 shares during the last quarter. Means Investment CO. Inc. increased its holdings in Alphabet by 3.9% in the third quarter. Means Investment CO. Inc. now owns 16,938 shares of the information services provider’s stock valued at $2,809,000 after buying an additional 631 shares during the last quarter. New Century Financial Group LLC increased its holdings in Alphabet by 8.4% in the third quarter. New Century Financial Group LLC now owns 14,188 shares of the information services provider’s stock valued at $2,353,000 after buying an additional 1,102 shares during the last quarter. Resonant Capital Advisors LLC increased its holdings in Alphabet by 5.8% in the third quarter. Resonant Capital Advisors LLC now owns 28,001 shares of the information services provider’s stock valued at $4,644,000 after buying an additional 1,535 shares during the last quarter. Finally, Veracity Capital LLC increased its holdings in Alphabet by 2.5% in the third quarter. Veracity Capital LLC now owns 18,379 shares of the information services provider’s stock valued at $3,048,000 after buying an additional 449 shares during the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Price Performance

GOOGL stock opened at $169.68 on Wednesday. The firm has a 50 day moving average of $162.00 and a 200-day moving average of $168.74. Alphabet Inc. has a 12-month low of $122.68 and a 12-month high of $191.75. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04. The company has a market cap of $2.10 trillion, a price-to-earnings ratio of 26.02, a PEG ratio of 1.27 and a beta of 1.04.

Insider Activity

In other news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $162.35, for a total transaction of $3,652,875.00. Following the completion of the sale, the chief executive officer now directly owns 2,182,385 shares in the company, valued at approximately $354,310,204.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $162.35, for a total transaction of $3,652,875.00. Following the completion of the sale, the chief executive officer now directly owns 2,182,385 shares in the company, valued at approximately $354,310,204.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Prabhakar Raghavan sold 34,257 shares of Alphabet stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the sale, the senior vice president now owns 312,210 shares of the company’s stock, valued at approximately $50,765,346. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 220,426 shares of company stock worth $35,993,340. Company insiders own 11.55% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. UBS Group increased their target price on Alphabet from $200.00 to $204.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. The Goldman Sachs Group dropped their target price on Alphabet from $217.00 to $208.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Wolfe Research began coverage on Alphabet in a report on Tuesday, July 16th. They set an “outperform” rating and a $240.00 price objective on the stock. Mizuho raised their price objective on Alphabet from $205.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Finally, Royal Bank of Canada raised their price objective on Alphabet from $200.00 to $204.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Seven equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $201.76.

Alphabet Company Profile

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.