Sentry LLC Has $1.53 Million Position in Alphabet Inc. (NASDAQ:GOOG)

by · The Cerbat Gem

Sentry LLC boosted its holdings in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 4.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,149 shares of the information services provider’s stock after acquiring an additional 429 shares during the period. Alphabet accounts for 0.3% of Sentry LLC’s holdings, making the stock its 27th biggest position. Sentry LLC’s holdings in Alphabet were worth $1,530,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Asset Dedication LLC boosted its holdings in shares of Alphabet by 1.7% during the third quarter. Asset Dedication LLC now owns 28,720 shares of the information services provider’s stock worth $4,802,000 after acquiring an additional 477 shares during the period. Acorn Creek Capital LLC lifted its holdings in Alphabet by 6.0% during the 3rd quarter. Acorn Creek Capital LLC now owns 6,488 shares of the information services provider’s stock worth $1,085,000 after purchasing an additional 368 shares during the last quarter. EdgeRock Capital LLC lifted its holdings in Alphabet by 6.5% during the 3rd quarter. EdgeRock Capital LLC now owns 3,251 shares of the information services provider’s stock worth $544,000 after purchasing an additional 199 shares during the last quarter. Foster Victor Wealth Advisors LLC grew its holdings in Alphabet by 4.8% in the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 8,071 shares of the information services provider’s stock valued at $1,316,000 after buying an additional 372 shares in the last quarter. Finally, Prospect Financial Services LLC increased its position in Alphabet by 2.3% during the 3rd quarter. Prospect Financial Services LLC now owns 37,750 shares of the information services provider’s stock worth $6,311,000 after buying an additional 859 shares during the period. 27.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GOOG has been the topic of a number of recent research reports. Cantor Fitzgerald raised shares of Alphabet to a “hold” rating in a research report on Thursday, September 5th. Wolfe Research upgraded shares of Alphabet to a “strong-buy” rating in a research report on Tuesday, July 16th. Oppenheimer cut their target price on Alphabet from $210.00 to $185.00 and set an “outperform” rating for the company in a research note on Wednesday, September 25th. TD Cowen raised their price target on shares of Alphabet from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Finally, Pivotal Research assumed coverage on Alphabet in a report on Tuesday, October 1st. They issued a “buy” rating and a $215.00 target price for the company. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and a consensus price target of $186.90.

Get Our Latest Research Report on Alphabet

Insider Activity at Alphabet

In other news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $168.00, for a total value of $114,576.00. Following the completion of the transaction, the chief accounting officer now owns 31,334 shares in the company, valued at $5,264,112. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director John L. Hennessy sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $164.95, for a total value of $247,425.00. Following the completion of the transaction, the director now directly owns 26,324 shares in the company, valued at approximately $4,342,143.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $168.00, for a total transaction of $114,576.00. Following the sale, the chief accounting officer now directly owns 31,334 shares in the company, valued at $5,264,112. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 197,926 shares of company stock worth $32,251,590. Company insiders own 12.99% of the company’s stock.

Alphabet Stock Up 0.3 %

GOOG stock opened at $166.90 on Wednesday. Alphabet Inc. has a 1-year low of $121.46 and a 1-year high of $193.31. The stock has a market cap of $2.06 trillion, a P/E ratio of 25.60, a P/E/G ratio of 1.21 and a beta of 1.04. The stock’s fifty day simple moving average is $163.05 and its two-hundred day simple moving average is $169.57. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOG – Get Free Report) last posted its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.04. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The business had revenue of $84.74 billion during the quarter, compared to the consensus estimate of $84.22 billion. During the same quarter last year, the company posted $1.44 earnings per share. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. Analysts expect that Alphabet Inc. will post 7.64 EPS for the current year.

Alphabet Profile

(Free Report)

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

Further Reading

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