First Merchants Corp Buys Shares of 898 Alphabet Inc (GOOG)

First Merchants Corp bought a new position in shares of Alphabet Inc (NASDAQ:GOOG) during the third quarter, HoldingsChannel reports. The firm bought 898 shares of the information services provider’s stock, valued at approximately $861,000.

Other large investors have also made changes to their positions in the company. Burt Wealth Advisors lifted its holdings in shares of Alphabet by 17.2% during the 2nd quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock worth $123,000 after acquiring an additional 20 shares during the period. Signature Estate & Investment Advisors LLC lifted its holdings in shares of Alphabet by 3.8% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock worth $124,000 after acquiring an additional 5 shares during the period. Archford Capital Strategies LLC lifted its holdings in shares of Alphabet by 400.0% during the 2nd quarter. Archford Capital Strategies LLC now owns 1,040 shares of the information services provider’s stock worth $139,000 after acquiring an additional 832 shares during the period. Almanack Investment Partners LLC. lifted its holdings in shares of Alphabet by 4.5% during the 2nd quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock worth $147,000 after acquiring an additional 7 shares during the period. Finally, St. Johns Investment Management Company LLC lifted its holdings in shares of Alphabet by 1,046.7% during the 2nd quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock worth $156,000 after acquiring an additional 157 shares during the period. Hedge funds and other institutional investors own 34.63% of the company’s stock.

In other news, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $1,065.21, for a total transaction of $4,260,840.00. Following the completion of the transaction, the chief executive officer now owns 1,031 shares of the company’s stock, valued at $1,098,231.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann Mather sold 38 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $1,017.21, for a total transaction of $38,653.98. Following the transaction, the director now directly owns 1,805 shares of the company’s stock, valued at approximately $1,836,064.05. The disclosure for this sale can be found here. Insiders have sold 36,900 shares of company stock valued at $37,877,147 in the last ninety days. Insiders own 13.92% of the company’s stock.

Alphabet Inc (NASDAQ:GOOG) opened at $1,106.94 on Tuesday. The stock has a market cap of $771,900.00, a price-to-earnings ratio of 36.87 and a beta of 0.94. Alphabet Inc has a 52 week low of $790.52 and a 52 week high of $1,111.27. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $8.31 by $1.26. The firm had revenue of $27.77 billion during the quarter, compared to the consensus estimate of $27.17 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter last year, the firm earned $9.06 earnings per share.

A number of analysts have recently weighed in on the stock. Robert W. Baird reaffirmed an “outperform” rating and set a $1,100.00 price target on shares of Alphabet in a report on Saturday, September 23rd. JMP Securities reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Finally, Vetr downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $988.73 price target for the company. in a report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and thirty-eight have assigned a buy rating to the company. Alphabet has an average rating of “Buy” and an average target price of $1,046.04.

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About Alphabet

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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