Mendel Money Management Grows Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Mendel Money Management lifted its stake in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 2.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,534 shares of the information services provider’s stock after purchasing an additional 305 shares during the period. Mendel Money Management’s holdings in Alphabet were worth $2,033,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Meritage Group LP lifted its holdings in Alphabet by 1,061.5% during the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock worth $40,000 after buying an additional 276 shares during the last quarter. O Dell Group LLC lifted its holdings in Alphabet by 28.1% during the 3rd quarter. O Dell Group LLC now owns 6,842 shares of the information services provider’s stock worth $895,000 after buying an additional 1,500 shares during the last quarter. O ROURKE & COMPANY Inc lifted its holdings in Alphabet by 4.7% during the 3rd quarter. O ROURKE & COMPANY Inc now owns 17,823 shares of the information services provider’s stock worth $2,332,000 after buying an additional 793 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in Alphabet by 14.9% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 408,922 shares of the information services provider’s stock worth $53,512,000 after buying an additional 53,123 shares during the last quarter. Finally, Paragon Private Wealth Management LLC lifted its holdings in Alphabet by 1.6% during the 3rd quarter. Paragon Private Wealth Management LLC now owns 21,739 shares of the information services provider’s stock worth $2,845,000 after buying an additional 341 shares during the last quarter. 35.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 425 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $139.61, for a total transaction of $59,334.25. Following the sale, the chief accounting officer now owns 27,259 shares of the company’s stock, valued at approximately $3,805,628.99. The sale 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 425 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $139.61, for a total transaction of $59,334.25. Following the sale, the chief accounting officer now owns 27,259 shares of the company’s stock, valued at approximately $3,805,628.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $133.97, for a total value of $26,794.00. Following the sale, the director now directly owns 6,984 shares in the company, valued at approximately $935,646.48. The disclosure for this sale can be found here. Insiders have sold 207,800 shares of company stock valued at $29,529,164 in the last quarter. 0.88% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GOOGL. Susquehanna lifted their price target on Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a report on Wednesday, January 31st. Roth Mkm reduced their target price on Alphabet from $166.00 to $164.00 and set a “buy” rating for the company in a report on Wednesday, January 31st. Wedbush reissued an “outperform” rating and issued a $160.00 target price on shares of Alphabet in a report on Wednesday, January 31st. Mizuho boosted their target price on Alphabet from $155.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Finally, Truist Financial reduced their target price on Alphabet from $160.00 to $158.00 and set a “buy” rating for the company in a report on Wednesday, January 31st. Five analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $153.65.

Check Out Our Latest Report on Alphabet

Alphabet Stock Performance

NASDAQ GOOGL opened at $137.14 on Friday. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. The business’s 50 day moving average is $142.81 and its two-hundred day moving average is $136.85. Alphabet Inc. has a 12-month low of $89.42 and a 12-month high of $153.78. The stock has a market capitalization of $1.72 trillion, a price-to-earnings ratio of 23.64, a PEG ratio of 1.28 and a beta of 1.06.

Alphabet (NASDAQ:GOOGLGet Free Report) last released its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.04. The company had revenue of $86.31 billion for the quarter, compared to analysts’ expectations of $70.77 billion. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. During the same quarter in the previous year, the firm posted $1.05 EPS. Research analysts expect that Alphabet Inc. will post 6.78 EPS for the current year.

Alphabet Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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