Thurston Springer Miller Herd & Titak Inc. Acquires 1,288 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 14.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 10,509 shares of the information services provider’s stock after purchasing an additional 1,288 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Alphabet were worth $1,743,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Christopher J. Hasenberg Inc boosted its stake in Alphabet by 75.0% in the second quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock valued at $26,000 after acquiring an additional 60 shares during the last quarter. Tributary Capital Management LLC acquired a new stake in Alphabet during the 1st quarter worth $30,000. Kings Path Partners LLC acquired a new stake in Alphabet during the 2nd quarter worth $36,000. Denver PWM LLC acquired a new stake in Alphabet during the 2nd quarter worth $41,000. Finally, CarsonAllaria Wealth Management Ltd. grew its holdings in Alphabet by 59.2% during the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 293 shares of the information services provider’s stock worth $44,000 after acquiring an additional 109 shares during the period. Institutional investors own 40.03% of the company’s stock.

Insider Activity at Alphabet

In related news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $168.00, for a total value of $114,576.00. Following the completion of the sale, the chief accounting officer now directly owns 31,334 shares in the company, valued at approximately $5,264,112. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $168.00, for a total transaction of $114,576.00. Following the completion of the sale, the chief accounting officer now directly owns 31,334 shares in the company, valued at $5,264,112. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $162.35, for a total transaction of $3,652,875.00. Following the sale, the chief executive officer now owns 2,182,385 shares of the company’s stock, valued at $354,310,204.75. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 220,426 shares of company stock worth $35,993,340. Insiders own 11.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on GOOGL shares. Wolfe Research started coverage on shares of Alphabet in a report on Tuesday, July 16th. They set an “outperform” rating and a $240.00 target price for the company. Mizuho lifted their target price on shares of Alphabet from $205.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Loop Capital reissued a “hold” rating and issued a $170.00 price target on shares of Alphabet in a report on Wednesday, July 3rd. Scotiabank raised shares of Alphabet to a “strong-buy” rating in a report on Friday, October 11th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $210.00 price target on shares of Alphabet in a report on Tuesday, October 15th. Eight analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $201.76.

Alphabet Trading Up 0.7 %

Shares of NASDAQ:GOOGL opened at $165.14 on Wednesday. Alphabet Inc. has a 52-week low of $120.21 and a 52-week high of $191.75. The company has a market capitalization of $2.04 trillion, a P/E ratio of 25.33, a price-to-earnings-growth ratio of 1.21 and a beta of 1.04. The company has a 50-day simple moving average of $161.82 and a 200 day simple moving average of $168.44. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08.

Alphabet (NASDAQ:GOOGL) last issued its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.04. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The business had revenue of $84.74 billion during the quarter, compared to the consensus estimate of $70.60 billion. During the same period last year, the business posted $1.44 EPS. Sell-side analysts forecast that Alphabet Inc. will post 7.64 earnings per share for the current year.

Alphabet 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.