Measured Wealth Private Client Group LLC Has $375,000 Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Measured Wealth Private Client Group LLC grew its stake in Alphabet Inc. (NASDAQ:GOOGGet Rating) by 1,900.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,901 shares of the information services provider’s stock after buying an additional 3,706 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Alphabet were worth $375,000 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 the stock. 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 holdings in Alphabet by 10.3% in the first 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. bought a new position in Alphabet in the first quarter worth approximately $2,564,000. Hall Capital Management Co. Inc. boosted its holdings in Alphabet by 53.2% in the first 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. boosted its holdings in Alphabet by 6.8% in the first 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. Institutional investors and hedge funds own 28.69% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GOOG. 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. JPMorgan Chase & Co. set a $115.00 price objective on Alphabet in a research note on Wednesday, October 26th. Piper Sandler lowered their price objective on Alphabet from $135.00 to $122.00 and set an “overweight” rating for the company in a research note on Wednesday, October 26th. UBS Group set a $115.00 price objective on Alphabet in a research note on Thursday, January 12th. Finally, Sanford C. Bernstein set a $120.00 price objective on Alphabet in a research note on Thursday, January 12th. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, Alphabet presently has an average rating of “Moderate Buy” and an average target price of $140.56.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 855 shares of the firm’s stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $91.15, for a total value of $77,933.25. Following the completion of the transaction, the chief accounting officer now directly owns 25,122 shares of the company’s stock, valued at $2,289,870.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO Amie Thuener O’toole sold 855 shares of the firm’s stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $91.15, for a total value of $77,933.25. Following the completion of the transaction, the chief accounting officer now directly owns 25,122 shares of the company’s stock, valued at $2,289,870.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Prabhakar Raghavan sold 22,203 shares of Alphabet stock in a transaction on 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 sale, the senior vice president now directly owns 76,579 shares of the company’s stock, valued at approximately $6,872,965.25. The disclosure for this sale can be found here. Over the last three months, insiders purchased 1,461,702 shares of company stock valued at $36,999,217 and sold 190,744 shares valued at $8,564,640. Corporate insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

NASDAQ:GOOG opened at $99.28 on Friday. 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 business has a fifty day simple moving average of $93.52 and a two-hundred day simple moving average of $102.16. Alphabet Inc. has a 1 year low of $83.45 and a 1 year high of $152.10. The company has a market capitalization of $1.28 trillion, a P/E ratio of 19.72, a P/E/G 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. On average, analysts expect that Alphabet Inc. will post 4.68 earnings per share for the current 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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