First Financial Corp IN increased its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 40.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 168 shares of the information services provider’s stock after acquiring an additional 48 shares during the quarter. First Financial Corp IN’s holdings in Alphabet were worth $204,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in GOOG. Osher Van de Voorde Investment Management boosted its stake in Alphabet by 20.1% during the third quarter. Osher Van de Voorde Investment Management now owns 9,002 shares of the information services provider’s stock worth $10,993,000 after buying an additional 1,506 shares in the last quarter. Confluence Investment Management LLC boosted its stake in Alphabet by 1.2% during the third quarter. Confluence Investment Management LLC now owns 31,548 shares of the information services provider’s stock worth $38,456,000 after buying an additional 374 shares in the last quarter. PrairieView Partners LLC acquired a new stake in Alphabet during the third quarter worth $425,000. Bridgeworth LLC boosted its stake in Alphabet by 3.5% during the third quarter. Bridgeworth LLC now owns 263 shares of the information services provider’s stock worth $321,000 after buying an additional 9 shares in the last quarter. Finally, Wealthfront Advisers LLC boosted its stake in Alphabet by 8.6% during the third quarter. Wealthfront Advisers LLC now owns 13,863 shares of the information services provider’s stock worth $16,899,000 after buying an additional 1,095 shares in the last quarter. 33.82% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have weighed in on GOOG. Oppenheimer lifted their price target on shares of Alphabet from $1,342.00 to $1,370.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. BidaskClub upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a research note on Friday, September 20th. Barclays restated a “buy” rating on shares of Alphabet in a research note on Friday, July 26th. UBS Group restated a “buy” rating on shares of Alphabet in a research note on Friday, July 26th. Finally, Cowen boosted their target price on shares of Alphabet from $1,400.00 to $1,500.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-six have issued a buy rating to the company’s stock. Alphabet has an average rating of “Buy” and a consensus price target of $1,378.33.

In related news, Director John L. Hennessy sold 150 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $1,225.00, for a total transaction of $183,750.00. Following the transaction, the director now owns 276 shares in the company, valued at approximately $338,100. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John L. Hennessy sold 75 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $1,238.57, for a total value of $92,892.75. Following the sale, the director now directly owns 276 shares of the company’s stock, valued at $341,845.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,391 shares of company stock worth $6,502,992. 12.99% of the stock is owned by corporate insiders.

NASDAQ GOOG traded up $7.69 on Wednesday, hitting $1,250.70. 396,051 shares of the company were exchanged, compared to its average volume of 1,301,481. The firm has a 50 day moving average of $1,210.52 and a two-hundred day moving average of $1,172.41. The company has a market cap of $842.79 billion, a P/E ratio of 26.32, a P/E/G ratio of 1.42 and a beta of 0.99. The company has a current ratio of 3.98, a quick ratio of 3.96 and a debt-to-equity ratio of 0.07. Alphabet Inc has a 1-year low of $970.11 and a 1-year high of $1,289.27.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, July 25th. The information services provider reported $14.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $11.49 by $2.72. The business had revenue of $38.94 billion for the quarter, compared to the consensus estimate of $38.21 billion. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. The firm’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $11.75 EPS. Research analysts anticipate that Alphabet Inc will post 51.66 EPS for the current fiscal 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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