Orrstown Financial Services Inc. Has $858,000 Holdings in Alphabet Inc. (NASDAQ:GOOG)

Orrstown Financial Services Inc. trimmed its stake in Alphabet Inc. (NASDAQ:GOOG) by 10.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,506 shares of the information services provider’s stock after selling 500 shares during the period. Orrstown Financial Services Inc.’s holdings in Alphabet were worth $858,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in GOOG. Czech National Bank raised its holdings in Alphabet by 5.1% in the 3rd quarter. Czech National Bank now owns 978,396 shares of the information services provider’s stock valued at $163,578,000 after acquiring an additional 47,171 shares in the last quarter. Apella Capital LLC increased its position in shares of Alphabet by 53.5% during the third quarter. Apella Capital LLC now owns 6,664 shares of the information services provider’s stock valued at $1,115,000 after purchasing an additional 2,324 shares during the period. Goelzer Investment Management Inc. raised its stake in shares of Alphabet by 0.7% in the third quarter. Goelzer Investment Management Inc. now owns 95,853 shares of the information services provider’s stock valued at $16,026,000 after purchasing an additional 639 shares in the last quarter. Mirador Capital Partners LP lifted its position in Alphabet by 1.7% in the third quarter. Mirador Capital Partners LP now owns 110,697 shares of the information services provider’s stock worth $18,507,000 after purchasing an additional 1,882 shares during the period. Finally, Inspirion Wealth Advisors LLC boosted its stake in Alphabet by 0.6% during the third quarter. Inspirion Wealth Advisors LLC now owns 14,095 shares of the information services provider’s stock worth $2,357,000 after buying an additional 80 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Alphabet Stock Up 1.5 %

Shares of NASDAQ:GOOG opened at $205.60 on Friday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 0.04. The firm has a market cap of $2.52 trillion, a P/E ratio of 27.27, a P/E/G ratio of 1.27 and a beta of 0.99. Alphabet Inc. has a 12 month low of $131.55 and a 12 month high of $207.08. The company’s 50-day moving average price is $190.48 and its two-hundred day moving average price is $175.66.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O’toole sold 1,367 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $170.41, for a total value of $232,950.47. Following the transaction, the chief accounting officer now owns 23,515 shares in the company, valued at $4,007,191.15. This trade represents a 5.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $177.36, for a total value of $3,990,600.00. Following the completion of the sale, the chief executive officer now owns 2,084,306 shares of the company’s stock, valued at approximately $369,672,512.16. The trade was a 1.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 121,630 shares of company stock worth $22,258,133. Corporate insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GOOG. UBS Group increased their price objective on shares of Alphabet from $187.00 to $192.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Citigroup increased their price target on shares of Alphabet from $212.00 to $216.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Jefferies Financial Group lifted their price objective on Alphabet from $220.00 to $235.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Scotiabank increased their target price on Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a report on Friday, January 24th. Finally, Barclays raised their target price on Alphabet from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Six equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $209.13.

About Alphabet

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.