Mirabella Financial Services LLP Buys New Stake in Alphabet Inc. (NASDAQ:GOOG)

Mirabella Financial Services LLP bought a new stake in Alphabet Inc. (NASDAQ:GOOGGet Rating) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 9,208 shares of the information services provider’s stock, valued at approximately $904,000.

Several other large investors have also recently made changes to their positions in GOOG. Totem Point Management LLC increased 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 worth $8,857,000 after acquiring an additional 571 shares in the last quarter. Somerville Kurt F increased its holdings in Alphabet by 10.3% in the 1st quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock worth $330,000 after acquiring an additional 11 shares in the last quarter. BCK Partners Inc. purchased a new stake in Alphabet in the 1st quarter worth $2,564,000. Hall Capital Management Co. Inc. increased its holdings in Alphabet by 53.2% in the 1st quarter. Hall Capital Management Co. Inc. now owns 144 shares of the information services provider’s stock worth $402,000 after acquiring an additional 50 shares in the last quarter. Finally, Fairfield Bush & CO. increased its holdings in Alphabet by 6.8% in the 1st quarter. Fairfield Bush & CO. now owns 3,370 shares of the information services provider’s stock worth $9,412,000 after acquiring an additional 214 shares in the last quarter. 28.69% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Trading Up 1.9 %

NASDAQ GOOG opened at $101.21 on Tuesday. The firm’s 50-day moving average is $93.62 and its two-hundred day moving average is $102.10. Alphabet Inc. has a 12 month low of $83.45 and a 12 month high of $152.10. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.52 and a quick ratio of 2.47. The stock has a market capitalization of $1.31 trillion, a P/E ratio of 20.10, a PEG ratio of 1.74 and a beta of 1.08.

Alphabet (NASDAQ:GOOGGet Rating) last posted its earnings results on Tuesday, October 25th. The information services provider reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.19). The company had revenue of $69.09 billion during the quarter, compared to analyst estimates of $70.67 billion. Alphabet had a net margin of 23.75% and a return on equity of 26.41%. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.40 EPS. On average, sell-side analysts anticipate that Alphabet Inc. will post 4.68 earnings per share for the current year.

Insider Transactions at Alphabet

In other news, major shareholder 2017 Gp L.L.C. Gv sold 107,393 shares of the 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 legal filing with the SEC, which is available at this link. In other news, major shareholder 2017 Gp L.L.C. Gv sold 107,393 shares of the 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 legal filing with the SEC, which is available at this link. Also, major shareholder 2021 Gp L.L.C. Gv purchased 277,493 shares of Alphabet stock in a transaction dated Friday, November 4th. The shares were acquired at an average cost of $36.01 per share, for a total transaction of $9,992,522.93. Following the transaction, the insider now directly owns 870,895 shares of the company’s stock, valued at approximately $31,360,928.95. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 661,702 shares of company stock valued at $23,399,217 and have sold 190,464 shares valued at $8,535,735. Corporate insiders own 12.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Cowen cut their price target on shares of Alphabet from $150.00 to $135.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Piper Sandler dropped their target price on shares of Alphabet from $135.00 to $122.00 and set an “overweight” rating for the company in a report on Wednesday, October 26th. Jefferies Financial Group set a $125.00 target price on shares of Alphabet in a report on Monday, January 9th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Alphabet from $135.00 to $130.00 and set a “buy” rating for the company in a report on Friday, October 21st. Finally, Raymond James dropped their target price on shares of Alphabet from $143.00 to $120.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $140.56.

About Alphabet

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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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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