OLD Second National Bank of Aurora Buys 600 Shares of Alphabet Inc. (NASDAQ:GOOG)

OLD Second National Bank of Aurora increased its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 521.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 715 shares of the information services provider’s stock after acquiring an additional 600 shares during the quarter. OLD Second National Bank of Aurora’s holdings in Alphabet were worth $101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of GOOG. Tandem Wealth Advisors LLC bought a new position in Alphabet during the 3rd quarter worth approximately $25,000. Bruce G. Allen Investments LLC purchased a new position in shares of Alphabet during the fourth quarter valued at approximately $26,000. HWG Holdings LP purchased a new position in shares of Alphabet during the second quarter valued at approximately $26,000. Equitec Proprietary Markets LLC purchased a new position in shares of Alphabet during the fourth quarter valued at approximately $28,000. Finally, Buck Wealth Strategies LLC purchased a new position in shares of Alphabet during the third quarter valued at approximately $32,000. 27.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on GOOG shares. Raymond James boosted their target price on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Morgan Stanley reissued an “overweight” rating and set a $165.00 target price on shares of Alphabet in a research note on Thursday, April 11th. Oppenheimer boosted their target price on Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Stifel Nicolaus boosted their target price on Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Susquehanna boosted their target price on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat, Alphabet currently has an average rating of “Buy” and an average target price of $159.86.

Alphabet Price Performance

Shares of GOOG stock opened at $155.72 on Friday. The stock has a market cap of $1.94 trillion, a price-to-earnings ratio of 26.85, a PEG ratio of 1.45 and a beta of 1.05. The business’s fifty day moving average is $147.46 and its 200 day moving average is $141.87. Alphabet Inc. has a twelve month low of $103.27 and a twelve month high of $161.70. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.04. The company had revenue of $86.31 billion for the quarter, compared to analysts’ expectations of $85.28 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.05 earnings per share. Research analysts expect that Alphabet Inc. will post 6.78 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total value of $94,769.40. Following the sale, the chief accounting officer now directly owns 27,920 shares of the company’s stock, valued at $4,009,032.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $143.59, for a total value of $94,769.40. Following the sale, the chief accounting officer now directly owns 27,920 shares of the company’s stock, valued at $4,009,032.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $146.29, for a total value of $3,291,525.00. Following the completion of the sale, the chief executive officer now directly owns 2,377,691 shares in the company, valued at $347,832,416.39. The disclosure for this sale can be found here. Insiders have sold a total of 251,339 shares of company stock valued at $36,377,482 over the last ninety days. Company insiders own 12.99% of the company’s stock.

Alphabet Company Profile

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.