Pettinga Financial Advisors LLC Has $279,000 Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Pettinga Financial Advisors LLC boosted its stake in Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 1,886.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,920 shares of the information services provider’s stock after purchasing an additional 2,773 shares during the period. Pettinga Financial Advisors LLC’s holdings in Alphabet were worth $279,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Financial Enhancement Group LLC bought a new stake in shares of Alphabet in the 1st quarter valued at $31,000. Advocacy Wealth Management Services LLC lifted its holdings in Alphabet by 72.7% in the second quarter. Advocacy Wealth Management Services LLC now owns 19 shares of the information services provider’s stock valued at $41,000 after buying an additional 8 shares during the period. Cardinal Capital Management Inc. bought a new stake in Alphabet during the second quarter valued at $41,000. Belmont Capital LLC grew its holdings in Alphabet by 110.0% during the 2nd quarter. Belmont Capital LLC now owns 21 shares of the information services provider’s stock worth $46,000 after acquiring an additional 11 shares during the period. Finally, Oliver Lagore Vanvalin Investment Group bought a new position in shares of Alphabet in the 1st quarter worth about $94,000. 34.06% of the stock is owned by institutional investors.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Ann Mather sold 280 shares of the firm’s stock in a transaction dated Tuesday, October 25th. The stock was sold at an average price of $103.23, for a total value of $28,904.40. Following the completion of the transaction, the director now owns 11,200 shares in the company, valued at approximately $1,156,176. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Alphabet news, Director Ann Mather sold 280 shares of the firm’s stock in a transaction dated Tuesday, October 25th. The stock was sold at an average price of $103.23, for a total value of $28,904.40. Following the completion of the transaction, the director now owns 11,200 shares in the company, valued at approximately $1,156,176. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 855 shares of the firm’s stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $91.15, for a total value of $77,933.25. Following the completion of the transaction, the chief accounting officer now owns 25,122 shares of the company’s stock, valued at approximately $2,289,870.30. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 1,461,702 shares of company stock valued at $36,999,217 and have sold 190,744 shares valued at $8,564,640. Insiders own 11.44% of the company’s stock.

Alphabet Trading Up 1.3 %

Shares of GOOGL opened at $87.34 on Monday. The firm has a market cap of $1.13 trillion, a P/E ratio of 17.34, a price-to-earnings-growth ratio of 1.53 and a beta of 1.09. Alphabet Inc. has a fifty-two week low of $83.34 and a fifty-two week high of $151.55. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.47 and a current ratio of 2.52. The business has a 50-day moving average of $92.64 and a 200 day moving average of $102.95.

Alphabet (NASDAQ:GOOGLGet Rating) last posted its earnings results on Tuesday, October 25th. The information services provider reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.19). The business had revenue of $57.27 billion during the quarter, compared to analysts’ expectations of $58.36 billion. Alphabet had a return on equity of 26.41% and a net margin of 23.75%. During the same quarter in the previous year, the business earned $1.40 EPS. As a group, research analysts forecast that Alphabet Inc. will post 4.68 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on GOOGL shares. Rosenblatt Securities dropped their price target on Alphabet from $156.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, October 26th. Truist Financial cut their target price on shares of Alphabet from $136.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, October 26th. Robert W. Baird decreased their price target on shares of Alphabet to $120.00 in a research note on Thursday, October 27th. Evercore ISI reduced their target price on Alphabet from $130.00 to $120.00 and set an “outperform” rating for the company in a research note on Wednesday, December 21st. Finally, Morgan Stanley dropped their price target on Alphabet from $125.00 to $120.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 15th. Five analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $132.00.

Alphabet Company Profile

(Get Rating)

Alphabet Inc provides 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 offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

Further Reading

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.