Alphabet Inc. (NASDAQ:GOOGL) is Greater Midwest Financial Group LLC’s 4th Largest Position

Greater Midwest Financial Group LLC raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,267 shares of the information services provider’s stock after buying 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 biggest holding. Greater Midwest Financial Group LLC’s holdings in Alphabet were worth $12,544,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. LMR Partners LLP acquired a new position in shares of Alphabet during the 3rd quarter valued at about $32,000. Denver PWM LLC boosted its position in shares of Alphabet by 25.4% during the 3rd quarter. Denver PWM LLC now owns 281 shares of the information services provider’s stock valued at $47,000 after acquiring an additional 57 shares during the last quarter. Quarry LP acquired a new position in shares of Alphabet during the 2nd quarter valued at about $53,000. Teachers Insurance & Annuity Association of America acquired a new position in shares of Alphabet during the 3rd quarter valued at about $66,000. Finally, Mendota Financial Group LLC boosted its position in shares of Alphabet by 19.0% during the 3rd quarter. Mendota Financial Group LLC now owns 401 shares of the information services provider’s stock valued at $67,000 after acquiring an additional 64 shares during the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on GOOGL shares. JMP Securities reaffirmed a “market perform” rating on shares of Alphabet in a research report on Monday. Needham & Company LLC upped their target price on shares of Alphabet from $210.00 to $225.00 and gave the company a “buy” rating in a research report on Monday. Evercore ISI upped their target price on shares of Alphabet from $200.00 to $205.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Piper Sandler reaffirmed an “overweight” rating and issued a $210.00 target price (up previously from $200.00) on shares of Alphabet in a research report on Wednesday, October 30th. Finally, Loop Capital upped their target price on shares of Alphabet from $170.00 to $185.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Nine analysts have rated the stock with a hold rating, thirty have issued a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $209.82.

Insider Buying and Selling at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $177.36, for a total value of $3,990,600.00. Following the completion of the sale, the chief executive officer now owns 2,084,306 shares in the company, valued at $369,672,512.16. The trade was a 1.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Amie Thuener O’toole sold 1,367 shares of Alphabet stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $170.41, for a total value of $232,950.47. Following the completion of the transaction, the chief accounting officer now directly owns 23,515 shares in the company, valued at $4,007,191.15. This represents a 5.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 122,887 shares of company stock worth $22,470,464 in the last 90 days. 11.55% of the stock is owned by company insiders.

Alphabet Trading Up 0.1 %

Alphabet stock opened at $195.41 on Thursday. The stock has a market cap of $2.39 trillion, a PE ratio of 25.92, a P/E/G ratio of 1.27 and a beta of 0.98. The stock has a 50-day moving average price of $187.14 and a 200 day moving average price of $173.69. Alphabet Inc. has a 52 week low of $130.66 and a 52 week high of $202.29. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The firm had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $72.85 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. During the same quarter last year, the business posted $1.55 EPS. Equities research analysts predict that Alphabet Inc. will post 8.02 earnings per share for the current fiscal 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.