Financial Management Professionals Inc. Has $86,000 Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Financial Management Professionals Inc. grew its stake in Alphabet Inc. (NASDAQ:GOOGGet Rating) by 1,492.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 892 shares of the information services provider’s stock after buying an additional 836 shares during the period. Financial Management Professionals Inc.’s holdings in Alphabet were worth $86,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in GOOG. Totem Point Management LLC boosted its position in shares of Alphabet by 22.0% during 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 in the last quarter. Somerville Kurt F boosted 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 purchasing an additional 11 shares in the last quarter. BCK Partners Inc. bought a new stake in shares of Alphabet during the 1st quarter valued at about $2,564,000. Hall Capital Management Co. Inc. boosted 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 purchasing an additional 50 shares in the last quarter. Finally, Fairfield Bush & CO. boosted 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 purchasing an additional 214 shares in the last quarter. Institutional investors and hedge funds own 28.69% of the company’s stock.

Alphabet Price Performance

Alphabet stock opened at $99.28 on Friday. Alphabet Inc. has a one year low of $83.45 and a one year high of $152.10. The business has a fifty day moving average price of $93.52 and a 200-day moving average price of $102.16. 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 firm has a market capitalization of $1.28 trillion, a P/E ratio of 19.72, a PEG ratio of 1.63 and a beta of 1.08.

Alphabet (NASDAQ:GOOGGet Rating) last posted its quarterly 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). 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 the consensus estimate of $70.67 billion. During the same period in the previous year, the business earned $1.40 earnings per share. Alphabet’s revenue was up 6.1% on a year-over-year basis. As a group, equities research analysts forecast that Alphabet Inc. will post 4.68 EPS for the current year.

Insider Activity at Alphabet

In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv acquired 800,000 shares of the company’s stock in a transaction that occurred on Monday, October 24th. The stock was bought at an average price of $17.00 per share, with a total value of $13,600,000.00. Following the completion of the purchase, the insider now owns 11,522,248 shares of the company’s stock, valued at $195,878,216. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv acquired 800,000 shares of the company’s stock in a transaction that occurred on Monday, October 24th. The stock was bought at an average price of $17.00 per share, with a total value of $13,600,000.00. Following the completion of the purchase, the insider now owns 11,522,248 shares of the company’s stock, valued at $195,878,216. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ann Mather sold 280 shares of Alphabet stock in a transaction on Tuesday, October 25th. The shares were sold at an average price of $103.23, for a total value of $28,904.40. Following the sale, the director now directly owns 11,200 shares of the company’s stock, valued at approximately $1,156,176. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 1,461,702 shares of company stock valued at $36,999,217 and sold 190,744 shares valued at $8,564,640. 12.99% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GOOG. Sanford C. Bernstein set a $120.00 price target on Alphabet in a report on Thursday, January 12th. Deutsche Bank Aktiengesellschaft cut their price target on Alphabet from $135.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, October 21st. Piper Sandler cut their price target on Alphabet from $135.00 to $122.00 and set an “overweight” rating on the stock in a report on Wednesday, October 26th. Credit Suisse Group set a $128.00 target price on Alphabet in a report on Wednesday, October 26th. Finally, Cowen dropped their target price on Alphabet from $135.00 to $125.00 and set an “outperform” rating on the stock in a report on Wednesday, January 11th. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and an average target price of $140.56.

Alphabet 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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