Mitchell Sinkler & Starr PA Has $285,000 Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Mitchell Sinkler & Starr PA increased its position in shares of Alphabet Inc. (NASDAQ:GOOGGet Rating) by 1,581.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 2,960 shares of the information services provider’s stock after purchasing an additional 2,784 shares during the quarter. Mitchell Sinkler & Starr PA’s holdings in Alphabet were worth $285,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in GOOG. Wedge Capital Management L L P NC increased its stake in Alphabet by 0.6% in the 2nd quarter. Wedge Capital Management L L P NC now owns 964 shares of the information services provider’s stock valued at $2,109,000 after buying an additional 6 shares during the last quarter. Ignite Planners LLC increased its stake in Alphabet by 4.7% in the 2nd quarter. Ignite Planners LLC now owns 134 shares of the information services provider’s stock valued at $320,000 after buying an additional 6 shares during the last quarter. Financial Advisors Network Inc. increased its stake in Alphabet by 4.5% in the 1st quarter. Financial Advisors Network Inc. now owns 161 shares of the information services provider’s stock valued at $450,000 after buying an additional 7 shares during the last quarter. Blue Zone Wealth Advisors LLC increased its stake in Alphabet by 2.6% in the 2nd quarter. Blue Zone Wealth Advisors LLC now owns 281 shares of the information services provider’s stock valued at $615,000 after buying an additional 7 shares during the last quarter. Finally, Turim 21 Investimentos Ltda. increased its stake in Alphabet by 10.8% in the 1st quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock valued at $229,000 after buying an additional 8 shares during the last quarter. Institutional investors and hedge funds own 28.69% of the company’s stock.

Alphabet Stock Performance

NASDAQ:GOOG opened at $92.80 on Friday. The business’s 50-day moving average price is $93.23 and its two-hundred day moving average price is $102.78. Alphabet Inc. has a twelve month low of $83.45 and a twelve month high of $152.10. The stock has a market cap of $1.20 trillion, a P/E ratio of 18.43, a PEG ratio of 1.54 and a beta of 1.08. The company has a quick ratio of 2.47, a current ratio of 2.52 and a debt-to-equity ratio of 0.06.

Alphabet (NASDAQ:GOOGGet Rating) last released its quarterly 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). Alphabet had a net margin of 23.75% and a return on equity of 26.41%. The business had revenue of $69.09 billion during the quarter, compared to analysts’ expectations of $70.67 billion. During the same period in the previous year, the business earned $1.40 EPS. The business’s revenue was up 6.1% on a year-over-year basis. As a group, equities analysts predict that Alphabet Inc. will post 4.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GOOG has been the subject of several analyst reports. Raymond James decreased their price objective on shares of Alphabet from $143.00 to $120.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Alphabet from $135.00 to $130.00 and set a “buy” rating for the company in a research note on Friday, October 21st. Cowen decreased their price target on shares of Alphabet from $135.00 to $125.00 and set an “outperform” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. set a $115.00 price target on shares of Alphabet in a research note on Wednesday, October 26th. Finally, Jefferies Financial Group set a $125.00 price target on shares of Alphabet in a research note on Monday, January 9th. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $141.88.

Insider Buying and Selling at Alphabet

In other Alphabet news, SVP Prabhakar Raghavan sold 22,203 shares of the firm’s stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $89.75, for a total value of $1,992,719.25. Following the sale, the senior vice president now owns 76,579 shares of the company’s stock, valued at approximately $6,872,965.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Ann Mather sold 280 shares of the stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Prabhakar Raghavan sold 22,203 shares of the stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $89.75, for a total value of $1,992,719.25. Following the transaction, the senior vice president now owns 76,579 shares in the company, valued at $6,872,965.25. 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 12.99% of the company’s stock.

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

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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