Alphabet Inc (GOOG) Shares Bought by HL Financial Services LLC

HL Financial Services LLC boosted its position in Alphabet Inc (NASDAQ:GOOG) by 1.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 124,476 shares of the information services provider’s stock after purchasing an additional 1,542 shares during the period. Alphabet comprises 2.3% of HL Financial Services LLC’s portfolio, making the stock its 9th biggest holding. HL Financial Services LLC’s holdings in Alphabet were worth $148,558,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. IMS Capital Management lifted its position in shares of Alphabet by 2.9% during the 2nd quarter. IMS Capital Management now owns 1,465 shares of the information services provider’s stock valued at $1,634,000 after buying an additional 41 shares in the last quarter. Trust Co. of Virginia VA lifted its position in shares of Alphabet by 7.2% during the 2nd quarter. Trust Co. of Virginia VA now owns 614 shares of the information services provider’s stock valued at $685,000 after buying an additional 41 shares in the last quarter. Security National Trust Co. lifted its position in shares of Alphabet by 1.9% during the 2nd quarter. Security National Trust Co. now owns 2,229 shares of the information services provider’s stock valued at $2,487,000 after buying an additional 42 shares in the last quarter. Providence First Trust Co raised its stake in Alphabet by 2.7% during the 2nd quarter. Providence First Trust Co now owns 1,581 shares of the information services provider’s stock valued at $1,764,000 after purchasing an additional 42 shares during the period. Finally, Synovus Financial Corp raised its stake in Alphabet by 0.6% during the 2nd quarter. Synovus Financial Corp now owns 6,787 shares of the information services provider’s stock valued at $7,565,000 after purchasing an additional 42 shares during the period. 36.93% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director Ann Mather sold 194 shares of the business’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $1,120.68, for a total transaction of $217,411.92. Following the completion of the transaction, the director now owns 1,797 shares in the company, valued at approximately $2,013,861.96. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Amie Thuener O’toole sold 80 shares of the business’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $1,073.72, for a total value of $85,897.60. Following the transaction, the vice president now owns 388 shares of the company’s stock, valued at approximately $416,603.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 83,720 shares of company stock worth $88,447,943. Corporate insiders own 13.11% of the company’s stock.

NASDAQ:GOOG opened at $1,057.19 on Friday. The company has a market capitalization of $747.83 billion, a price-to-earnings ratio of 24.18 and a beta of 1.07. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.10 and a current ratio of 4.14. Alphabet Inc has a 1 year low of $970.11 and a 1 year high of $1,273.89.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, October 25th. The information services provider reported $13.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $10.41 by $2.65. The firm had revenue of $27.16 billion for the quarter. Alphabet had a return on equity of 19.40% and a net margin of 14.45%.

GOOG has been the topic of several recent analyst reports. Macquarie reissued a “buy” rating on shares of Alphabet in a research note on Thursday, September 27th. lifted their target price on Alphabet to $1,375.00 and gave the company a “buy” rating in a research note on Tuesday, October 23rd. Credit Suisse Group reissued a “buy” rating on shares of Alphabet in a research note on Friday, October 26th. JMP Securities reissued a “buy” rating on shares of Alphabet in a research note on Monday, November 19th. Finally, Morgan Stanley reissued a “buy” rating on shares of Alphabet in a research note on Wednesday, September 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and thirty have given a buy rating to the company. Alphabet has an average rating of “Buy” and a consensus target price of $1,301.81.

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Alphabet Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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