Alphabet Inc (GOOG) Holdings Lifted by Community Bank & Trust Waco Texas

Community Bank & Trust Waco Texas raised its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 9.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,198 shares of the information services provider’s stock after buying an additional 106 shares during the period. Community Bank & Trust Waco Texas’ holdings in Alphabet were worth $1,430,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in GOOG. Principal Financial Group Inc. boosted its position in shares of Alphabet by 2.0% during the first quarter. Principal Financial Group Inc. now owns 694,264 shares of the information services provider’s stock valued at $716,346,000 after buying an additional 13,346 shares during the period. Allianz Asset Management GmbH boosted its position in shares of Alphabet by 3.9% during the first quarter. Allianz Asset Management GmbH now owns 371,157 shares of the information services provider’s stock valued at $382,956,000 after buying an additional 13,865 shares during the period. Southeast Asset Advisors Inc. boosted its position in shares of Alphabet by 0.3% during the first quarter. Southeast Asset Advisors Inc. now owns 35,065 shares of the information services provider’s stock valued at $36,180,000 after buying an additional 96 shares during the period. Ostrum Asset Management boosted its position in shares of Alphabet by 60.3% during the first quarter. Ostrum Asset Management now owns 11,855 shares of the information services provider’s stock valued at $12,232,000 after buying an additional 4,460 shares during the period. Finally, NS Partners Ltd boosted its position in shares of Alphabet by 5.4% during the first quarter. NS Partners Ltd now owns 18,206 shares of the information services provider’s stock valued at $18,785,000 after buying an additional 940 shares during the period. Institutional investors and hedge funds own 40.44% of the company’s stock.

GOOG has been the subject of a number of research reports. BidaskClub upgraded Alphabet from a “hold” rating to a “buy” rating in a report on Thursday, August 30th. ValuEngine upgraded Alphabet from a “hold” rating to a “buy” rating in a report on Wednesday, August 29th. Morgan Stanley reiterated a “buy” rating on shares of Alphabet in a report on Wednesday, August 29th. Macquarie reiterated a “buy” rating on shares of Alphabet in a report on Monday, August 27th. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Alphabet in a report on Thursday, August 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $1,301.81.

In related news, CEO Sundar Pichai sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $1,160.42, for a total value of $11,604,200.00. Following the completion of the transaction, the chief executive officer now owns 546 shares of the company’s stock, valued at $633,589.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ann Mather sold 25 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $1,199.89, for a total transaction of $29,997.25. Following the completion of the transaction, the director now directly owns 1,912 shares of the company’s stock, valued at approximately $2,294,189.68. The disclosure for this sale can be found here. Insiders sold 89,437 shares of company stock valued at $98,403,047 in the last three months. 13.11% of the stock is currently owned by insiders.

Shares of NASDAQ:GOOG opened at $1,036.58 on Friday. The company has a market capitalization of $731.24 billion, a P/E ratio of 23.65 and a beta of 1.15. Alphabet Inc has a 52 week low of $980.64 and a 52 week high of $1,273.89. The company has a quick ratio of 4.10, a current ratio of 4.14 and a debt-to-equity ratio of 0.02.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, October 25th. The information services provider reported $13.06 EPS for the quarter, topping analysts’ consensus estimates of $10.41 by $2.65. The company had revenue of $27.16 billion during the quarter. Alphabet had a net margin of 14.45% and a return on equity of 19.40%.

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Alphabet Company 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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