Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Marshall Financial Group LLC

Marshall Financial Group LLC grew its position in Alphabet Inc. (NASDAQ:GOOGL) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,605 shares of the information services provider’s stock after buying an additional 307 shares during the period. Marshall Financial Group LLC’s holdings in Alphabet were worth $1,250,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. LMR Partners LLP acquired a new position in shares of Alphabet in the 3rd quarter worth approximately $32,000. Denver PWM LLC raised its position in Alphabet by 25.4% in the third quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock valued at $47,000 after purchasing an additional 57 shares during the period. Quarry LP acquired a new position in Alphabet during the second quarter worth $53,000. Teachers Insurance & Annuity Association of America purchased a new position in shares of Alphabet during the third quarter worth $66,000. Finally, Mendota Financial Group LLC grew its stake in shares of Alphabet by 19.0% in the third quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider’s stock valued at $67,000 after buying an additional 64 shares in the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

Insider Buying and Selling

In other Alphabet news, Director Frances Arnold sold 441 shares of Alphabet stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $171.06, for a total transaction of $75,437.46. Following the transaction, the director now directly owns 16,490 shares of the company’s stock, valued at $2,820,779.40. The trade was a 2.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,367 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total transaction of $232,950.47. Following the completion of the sale, the chief accounting officer now directly owns 23,515 shares of the company’s stock, valued at $4,007,191.15. The trade was a 5.49 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 121,630 shares of company stock valued at $22,258,133. Insiders own 11.55% of the company’s stock.

Alphabet Trading Up 1.6 %

NASDAQ GOOGL opened at $204.02 on Friday. The company has a 50-day moving average of $188.97 and a 200-day moving average of $174.15. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. Alphabet Inc. has a 12 month low of $130.66 and a 12 month high of $205.48. The company has a market cap of $2.50 trillion, a P/E ratio of 27.06, a P/E/G ratio of 1.26 and a beta of 0.98.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on GOOGL shares. Phillip Securities upgraded Alphabet to a “strong-buy” rating in a report on Friday, November 1st. Roth Mkm raised their price objective on shares of Alphabet from $206.00 to $212.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Citizens Jmp downgraded shares of Alphabet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 2nd. Wolfe Research raised their price target on shares of Alphabet from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, Wedbush upped their price objective on Alphabet from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Nine investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $211.00.

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.