Benjamin F. Edwards & Company Inc. Has $7.16 Million Stake in Alphabet Inc (NASDAQ:GOOG)

Benjamin F. Edwards & Company Inc. raised its holdings in Alphabet Inc (NASDAQ:GOOG) by 9.7% in the third quarter, Holdings Channel reports. The fund owned 5,871 shares of the information services provider’s stock after acquiring an additional 518 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Alphabet were worth $7,157,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. First Bank & Trust raised its holdings in Alphabet by 0.8% during the second quarter. First Bank & Trust now owns 1,025 shares of the information services provider’s stock worth $1,108,000 after acquiring an additional 8 shares in the last quarter. Scott & Selber Inc. raised its holdings in Alphabet by 0.4% during the third quarter. Scott & Selber Inc. now owns 2,285 shares of the information services provider’s stock worth $2,785,000 after acquiring an additional 8 shares in the last quarter. Golden State Wealth Management LLC raised its holdings in Alphabet by 0.9% during the third quarter. Golden State Wealth Management LLC now owns 895 shares of the information services provider’s stock worth $1,091,000 after acquiring an additional 8 shares in the last quarter. PRW Wealth Management LLC raised its holdings in Alphabet by 1.3% during the third quarter. PRW Wealth Management LLC now owns 639 shares of the information services provider’s stock worth $778,000 after acquiring an additional 8 shares in the last quarter. Finally, Bourgeon Capital Management LLC raised its holdings in Alphabet by 1.9% during the third quarter. Bourgeon Capital Management LLC now owns 424 shares of the information services provider’s stock worth $517,000 after acquiring an additional 8 shares in the last quarter. 33.78% of the stock is owned by institutional investors.

Several analysts have issued reports on GOOG shares. William Blair restated an “outperform” rating on shares of Alphabet in a research note on Tuesday, October 29th. Jefferies Financial Group restated a “buy” rating on shares of Alphabet in a research note on Tuesday, October 29th. Cowen upped their price objective on Alphabet from $1,400.00 to $1,500.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Mizuho upped their price objective on Alphabet from $1,400.00 to $1,450.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Finally, Deutsche Bank dropped their price objective on Alphabet from $1,600.00 to $1,550.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Alphabet has an average rating of “Buy” and a consensus price target of $1,460.27.

In other Alphabet news, Director John L. Hennessy sold 75 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $1,200.00, for a total value of $90,000.00. Following the sale, the director now owns 310 shares of the company’s stock, valued at approximately $372,000. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP David C. Drummond sold 28,430 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $1,266.89, for a total value of $36,017,682.70. Following the completion of the sale, the senior vice president now directly owns 45,806 shares in the company, valued at approximately $58,031,163.34. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,043 shares of company stock worth $40,364,988. Company insiders own 12.99% of the company’s stock.

Shares of NASDAQ GOOG opened at $1,311.37 on Friday. The business’s 50 day moving average is $1,241.41 and its 200-day moving average is $1,179.65. The firm has a market cap of $895.89 billion, a P/E ratio of 27.60, a price-to-earnings-growth ratio of 1.58 and a beta of 1.00. Alphabet Inc has a 1-year low of $970.11 and a 1-year high of $1,323.74. The company has a current ratio of 3.78, a quick ratio of 3.75 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Monday, October 28th. The information services provider reported $10.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $12.57 by ($2.45). The business had revenue of $40.50 billion during the quarter, compared to analyst estimates of $40.17 billion. Alphabet had a net margin of 21.04% and a return on equity of 18.34%. The company’s revenue for the quarter was up 20.0% compared to the same quarter last year. During the same period in the prior year, the business posted $13.06 EPS. Analysts forecast that Alphabet Inc will post 49.05 EPS for the current year.

Alphabet Company Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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