Greater Midwest Financial Group LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 66,267 shares of the information services provider’s stock after acquiring an additional 368 shares during the quarter. Alphabet comprises about 7.9% of Greater Midwest Financial Group LLC’s portfolio, making the stock its 4th largest holding. Greater Midwest Financial Group LLC’s holdings in Alphabet were worth $12,544,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Brighton Jones LLC boosted its position in shares of Alphabet by 3.9% during the fourth quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider’s stock worth $20,886,000 after acquiring an additional 4,110 shares during the last quarter. Hengehold Capital Management LLC lifted its position in Alphabet by 2.5% during the fourth quarter. Hengehold Capital Management LLC now owns 8,287 shares of the information services provider’s stock valued at $1,569,000 after purchasing an additional 201 shares during the last quarter. Seneca House Advisors lifted its position in Alphabet by 1.5% during the fourth quarter. Seneca House Advisors now owns 66,382 shares of the information services provider’s stock valued at $12,566,000 after purchasing an additional 974 shares during the last quarter. Montecito Bank & Trust lifted its position in Alphabet by 1.1% during the fourth quarter. Montecito Bank & Trust now owns 52,622 shares of the information services provider’s stock valued at $9,961,000 after purchasing an additional 575 shares during the last quarter. Finally, Smallwood Wealth Investment Management LLC bought a new position in Alphabet during the fourth quarter valued at $220,000. Institutional investors own 40.03% of the company’s stock.
Analyst Ratings Changes
GOOGL has been the subject of several research reports. Robert W. Baird reiterated an “outperform” rating and set a $205.00 price objective on shares of Alphabet in a research report on Tuesday, December 10th. The Goldman Sachs Group reiterated a “buy” rating and set a $210.00 price objective on shares of Alphabet in a research report on Thursday, December 12th. Wedbush raised their target price on shares of Alphabet from $210.00 to $220.00 and gave the stock an “outperform” rating in a report on Monday, January 6th. Wolfe Research raised their target price on shares of Alphabet from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Finally, Wells Fargo & Company raised their target price on shares of Alphabet from $187.00 to $190.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Nine research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $209.82.
Alphabet Price Performance
NASDAQ:GOOGL opened at $195.41 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. The firm has a market cap of $2.39 trillion, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 1.27 and a beta of 0.98. The company has a 50 day moving average price of $187.14 and a 200-day moving average price of $173.69. Alphabet Inc. has a 1-year low of $130.66 and a 1-year high of $202.29.
Alphabet (NASDAQ:GOOGL – Get Free Report) last posted its earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.29. The firm had revenue of $88.27 billion during the quarter, compared to analyst estimates of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same period in the previous year, the firm earned $1.55 EPS. Equities research analysts forecast that Alphabet Inc. will post 8.02 EPS for the current year.
Insider Activity
In related news, CAO Amie Thuener O’toole sold 2,834 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $197.55, for a total value of $559,856.70. Following the completion of the sale, the chief accounting officer now owns 20,681 shares of the company’s stock, valued at approximately $4,085,531.55. The trade was a 12.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frances Arnold sold 441 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $171.06, for a total transaction of $75,437.46. Following the completion of the sale, the director now directly owns 16,490 shares of the company’s stock, valued at approximately $2,820,779.40. The trade was a 2.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 122,887 shares of company stock valued at $22,470,464 in the last three months. 11.55% of the stock is currently owned by corporate insiders.
Alphabet Company Profile
Alphabet Inc offers 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 provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
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