Marshall & Sullivan Inc. WA Purchases 3,230 Shares of Alphabet Inc. (NASDAQ:GOOG)

Marshall & Sullivan Inc. WA raised its position in Alphabet Inc. (NASDAQ:GOOGGet Rating) by 1,900.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,400 shares of the information services provider’s stock after purchasing an additional 3,230 shares during the period. Marshall & Sullivan Inc. WA’s holdings in Alphabet were worth $326,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of GOOG. Totem Point Management LLC boosted its holdings in Alphabet by 22.0% in the 1st quarter. Totem Point Management LLC now owns 3,171 shares of the information services provider’s stock valued at $8,857,000 after purchasing an additional 571 shares during the period. Somerville Kurt F raised its position in shares of Alphabet by 10.3% during the 1st quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock valued at $330,000 after buying an additional 11 shares in the last quarter. BCK Partners Inc. purchased a new stake in shares of Alphabet during the 1st quarter valued at $2,564,000. Hall Capital Management Co. Inc. raised its position in shares of Alphabet by 53.2% during the 1st quarter. Hall Capital Management Co. Inc. now owns 144 shares of the information services provider’s stock valued at $402,000 after buying an additional 50 shares in the last quarter. Finally, Fairfield Bush & CO. raised its position in shares of Alphabet by 6.8% during the 1st quarter. Fairfield Bush & CO. now owns 3,370 shares of the information services provider’s stock valued at $9,412,000 after buying an additional 214 shares in the last quarter. 28.69% of the stock is owned by institutional investors.

Insider Activity

In other news, major shareholder 2017 Gp L.L.C. Gv sold 107,393 shares of Alphabet stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $38.64, for a total transaction of $4,149,665.52. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, major shareholder 2021 Gp L.L.C. Gv bought 277,493 shares of the business’s stock in a transaction dated Friday, November 4th. The shares were purchased at an average price of $36.01 per share, with a total value of $9,992,522.93. Following the purchase, the insider now owns 870,895 shares of the company’s stock, valued at approximately $31,360,928.95. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder 2017 Gp L.L.C. Gv sold 107,393 shares of the business’s stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $38.64, for a total transaction of $4,149,665.52. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 661,702 shares of company stock valued at $23,399,217 and have sold 190,464 shares valued at $8,535,735. Insiders own 12.99% of the company’s stock.

Alphabet Price Performance

Shares of Alphabet stock opened at $101.21 on Tuesday. The firm has a market cap of $1.31 trillion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 1.74 and a beta of 1.08. Alphabet Inc. has a 12-month low of $83.45 and a 12-month high of $152.10. The company has a quick ratio of 2.47, a current ratio of 2.52 and a debt-to-equity ratio of 0.06. The company’s fifty day simple moving average is $93.62 and its two-hundred day simple moving average is $102.10.

Alphabet (NASDAQ:GOOGGet Rating) last announced its quarterly earnings results on Tuesday, October 25th. The information services provider reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.19). The firm had revenue of $69.09 billion during the quarter, compared to the consensus estimate of $70.67 billion. Alphabet had a return on equity of 26.41% and a net margin of 23.75%. Alphabet’s revenue was up 6.1% on a year-over-year basis. During the same period last year, the business earned $1.40 EPS. As a group, equities analysts expect that Alphabet Inc. will post 4.68 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on GOOG shares. Piper Sandler lowered their price objective on shares of Alphabet from $135.00 to $122.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 26th. Societe Generale lowered their price objective on shares of Alphabet from $147.00 to $132.00 and set a “buy” rating on the stock in a research report on Wednesday, November 30th. Oppenheimer lowered their price objective on shares of Alphabet from $155.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Credit Suisse Group set a $128.00 target price on shares of Alphabet in a research report on Wednesday, October 26th. Finally, Sanford C. Bernstein set a $120.00 target price on shares of Alphabet in a research report on Thursday, January 12th. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $140.56.

Alphabet 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.

Featured Stories

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGGet Rating).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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.