Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Gilliland Jeter Wealth Management LLC

Gilliland Jeter Wealth Management LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,842 shares of the information services provider’s stock after buying an additional 69 shares during the quarter. Gilliland Jeter Wealth Management LLC’s holdings in Alphabet were worth $1,964,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of GOOGL. Burns J W & Co. Inc. NY lifted its holdings in shares of Alphabet by 7.4% in the 1st quarter. Burns J W & Co. Inc. NY now owns 24,861 shares of the information services provider’s stock worth $3,752,000 after acquiring an additional 1,720 shares during the last quarter. Grimes & Company Inc. increased its holdings in Alphabet by 1.6% in the first quarter. Grimes & Company Inc. now owns 176,121 shares of the information services provider’s stock valued at $26,582,000 after buying an additional 2,727 shares during the last quarter. Saratoga Research & Investment Management lifted its stake in Alphabet by 19.1% during the first quarter. Saratoga Research & Investment Management now owns 1,001,128 shares of the information services provider’s stock worth $151,100,000 after purchasing an additional 160,884 shares during the last quarter. First Bank & Trust grew its position in shares of Alphabet by 2.5% in the 1st quarter. First Bank & Trust now owns 9,694 shares of the information services provider’s stock valued at $1,463,000 after buying an additional 239 shares during the last quarter. Finally, Baker Ellis Asset Management LLC lifted its holdings in shares of Alphabet by 5.7% in the 1st quarter. Baker Ellis Asset Management LLC now owns 21,355 shares of the information services provider’s stock valued at $3,223,000 after purchasing an additional 1,150 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Analysts Set New Price Targets

GOOGL has been the subject of a number of research reports. Jefferies Financial Group upped their target price on shares of Alphabet from $215.00 to $220.00 in a report on Tuesday, July 9th. Scotiabank raised Alphabet to a “strong-buy” rating in a research note on Friday, October 11th. Citigroup increased their price target on shares of Alphabet from $190.00 to $212.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. BMO Capital Markets reissued an “outperform” rating and issued a $217.00 price objective (up previously from $215.00) on shares of Alphabet in a research report on Wednesday. Finally, JMP Securities upped their price target on shares of Alphabet from $200.00 to $220.00 and gave the stock a “market outperform” rating in a research report on Wednesday. Seven research analysts have rated the stock with a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $205.51.

Insider Buying and Selling

In other news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $168.00, for a total value of $114,576.00. Following the completion of the sale, the chief accounting officer now directly owns 31,334 shares of the company’s stock, valued at approximately $5,264,112. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $166.30, for a total transaction of $3,741,750.00. Following the completion of the sale, the chief executive officer now directly owns 2,106,806 shares of the company’s stock, valued at $350,361,837.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $168.00, for a total transaction of $114,576.00. Following the sale, the chief accounting officer now owns 31,334 shares in the company, valued at $5,264,112. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 220,426 shares of company stock valued at $35,993,340 in the last three months. 11.55% of the stock is currently owned by corporate insiders.

Alphabet Price Performance

Shares of NASDAQ GOOGL opened at $174.46 on Thursday. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a twelve month low of $122.68 and a twelve month high of $191.75. The business has a 50 day simple moving average of $162.17 and a 200-day simple moving average of $168.78. The company has a market capitalization of $2.16 trillion, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 1.27 and a beta of 1.04.

Alphabet (NASDAQ:GOOGL) last released its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. The business had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. During the same quarter in the previous year, the firm posted $1.55 EPS. As a group, equities research analysts expect that Alphabet Inc. will post 7.65 earnings per share for the current year.

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.