McIlrath & Eck LLC grew its position in Alphabet Inc (NASDAQ:GOOG) by 4.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 337 shares of the information services provider’s stock after purchasing an additional 13 shares during the period. Alphabet makes up approximately 0.2% of McIlrath & Eck LLC’s holdings, making the stock its 27th biggest position. McIlrath & Eck LLC’s holdings in Alphabet were worth $411,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. First Bank & Trust boosted 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 buying an additional 8 shares in the last quarter. Scott & Selber Inc. boosted 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 buying an additional 8 shares in the last quarter. Golden State Wealth Management LLC boosted 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 buying an additional 8 shares in the last quarter. PRW Wealth Management LLC lifted its position in shares of Alphabet by 1.3% in the 3rd quarter. PRW Wealth Management LLC now owns 639 shares of the information services provider’s stock valued at $778,000 after acquiring an additional 8 shares in the last quarter. Finally, Bourgeon Capital Management LLC lifted its position in shares of Alphabet by 1.9% in the 3rd quarter. Bourgeon Capital Management LLC now owns 424 shares of the information services provider’s stock valued at $517,000 after acquiring an additional 8 shares in the last quarter. Hedge funds and other institutional investors own 33.78% of the company’s stock.

In related news, SVP David C. Drummond sold 1,600 shares of Alphabet stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $1,179.44, for a total transaction of $1,887,104.00. Following the completion of the transaction, the senior vice president now directly owns 44,482 shares of the company’s stock, valued at approximately $52,463,850.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 54 shares of Alphabet stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $1,191.53, for a total transaction of $64,342.62. Following the transaction, the chief accounting officer now directly owns 388 shares of the company’s stock, valued at $462,313.64. The disclosure for this sale can be found here. Insiders have sold a total of 32,043 shares of company stock valued at $40,364,988 over the last three months. 12.99% of the stock is currently owned by insiders.

Several equities research analysts recently commented on the stock. BidaskClub upgraded shares of Alphabet from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Deutsche Bank reduced their price target on shares of Alphabet from $1,600.00 to $1,550.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. Mizuho upped their price target on shares of Alphabet from $1,400.00 to $1,450.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Wedbush upped their price target on shares of Alphabet from $1,350.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Finally, Cowen upped their price target on shares of Alphabet from $1,400.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. Alphabet currently has a consensus rating of “Buy” and a consensus target price of $1,460.27.

Shares of Alphabet stock traded up $2.51 during midday trading on Friday, reaching $1,311.37. 1,251,300 shares of the company’s stock traded hands, compared to its average volume of 1,446,592. The company’s 50 day simple moving average is $1,241.41 and its 200 day simple moving average is $1,179.65. The company has a market cap of $895.89 billion, a price-to-earnings ratio of 27.60, a price-to-earnings-growth ratio of 1.58 and a beta of 1.00. Alphabet Inc has a 52 week low of $970.11 and a 52 week high of $1,323.74. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.75 and a current ratio of 3.78.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Monday, October 28th. The information services provider reported $10.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.57 by ($2.45). Alphabet had a net margin of 21.04% and a return on equity of 18.34%. The firm had revenue of $40.50 billion for the quarter, compared to the consensus estimate of $40.17 billion. During the same period in the prior year, the business earned $13.06 earnings per share. The company’s revenue for the quarter was up 20.0% on a year-over-year basis. As a group, equities research analysts predict that Alphabet Inc will post 49.05 earnings per share 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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