Main Street Financial Solutions LLC Buys 28,688 Shares of Alphabet Inc. (NASDAQ:GOOG)

Main Street Financial Solutions LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOGGet Rating) by 2,150.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 30,022 shares of the information services provider’s stock after purchasing an additional 28,688 shares during the period. Main Street Financial Solutions LLC’s holdings in Alphabet were worth $2,912,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of GOOG. Totem Point Management LLC increased its stake in shares of 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 last quarter. Somerville Kurt F boosted its holdings 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 acquiring an additional 11 shares in the last quarter. BCK Partners Inc. acquired a new stake in shares of Alphabet during the 1st quarter valued at $2,564,000. Hall Capital Management Co. Inc. boosted its holdings 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 acquiring an additional 50 shares in the last quarter. Finally, Fairfield Bush & CO. boosted its holdings 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 acquiring an additional 214 shares in the last quarter. Institutional investors own 28.69% of the company’s stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 855 shares of the firm’s stock in a transaction on Wednesday, November 2nd. The stock was sold at an average price of $90.85, for a total transaction of $77,676.75. Following the transaction, the chief accounting officer now directly owns 24,694 shares in the company, valued at approximately $2,243,449.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Alphabet news, Director Ann Mather sold 280 shares of the firm’s stock in a transaction on Tuesday, October 25th. The stock was sold at an average price of $103.23, for a total transaction of $28,904.40. Following the transaction, the director now directly owns 11,200 shares in the company, valued at approximately $1,156,176. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 855 shares of the firm’s stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $90.85, for a total value of $77,676.75. Following the transaction, the chief accounting officer now owns 24,694 shares in the company, valued at $2,243,449.90. The disclosure for this sale can be found here. In the last three months, insiders have purchased 1,461,702 shares of company stock worth $36,999,217 and have sold 190,744 shares worth $8,564,640. Company insiders own 12.99% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Piper Sandler cut their price objective on Alphabet from $135.00 to $122.00 and set an “overweight” rating on the stock in a report on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft cut their price objective on Alphabet from $135.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, October 21st. Oppenheimer cut their price objective on Alphabet from $155.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Credit Suisse Group set a $128.00 price objective on Alphabet in a report on Wednesday, October 26th. Finally, Societe Generale cut their target price on Alphabet from $147.00 to $132.00 and set a “buy” rating on the stock in a report on Wednesday, November 30th. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Alphabet has a consensus rating of “Moderate Buy” and a consensus price target of $144.00.

Alphabet Stock Performance

Shares of Alphabet stock opened at $92.26 on Thursday. Alphabet Inc. has a one year low of $83.45 and a one year high of $152.10. The firm has a market capitalization of $1.19 trillion, a price-to-earnings ratio of 18.32, a PEG ratio of 1.54 and a beta of 1.08. The business has a 50-day simple moving average of $92.94 and a 200 day simple moving average of $103.10. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.52 and a quick ratio of 2.47.

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

Alphabet Company Profile

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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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