Kesler Norman & Wride LLC Purchases 1,374 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Kesler Norman & Wride LLC lifted its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 6.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,289 shares of the information services provider’s stock after acquiring an additional 1,374 shares during the period. Kesler Norman & Wride LLC’s holdings in Alphabet were worth $3,863,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of GOOGL. Christopher J. Hasenberg Inc increased its holdings in shares of Alphabet by 75.0% during the second quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock worth $26,000 after purchasing an additional 60 shares during the period. Tributary Capital Management LLC bought a new position in Alphabet during the 1st quarter worth $30,000. Kings Path Partners LLC acquired a new position in Alphabet in the 2nd quarter valued at $36,000. Denver PWM LLC bought a new stake in shares of Alphabet during the 2nd quarter valued at $41,000. Finally, CarsonAllaria Wealth Management Ltd. grew its holdings in shares of 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 purchasing an additional 109 shares in the last quarter. 40.03% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 2,835 shares of Alphabet stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $151.53, for a total value of $429,587.55. Following the completion of the sale, the chief accounting officer now directly owns 29,182 shares of the company’s stock, valued at approximately $4,421,948.46. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CAO Amie Thuener O’toole sold 2,835 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $151.53, for a total value of $429,587.55. Following the completion of the sale, the chief accounting officer now directly owns 29,182 shares in the company, valued at $4,421,948.46. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Sundar Pichai sold 22,500 shares of the company’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 value of $3,652,875.00. Following the transaction, the chief executive officer now directly owns 2,182,385 shares in the company, valued at approximately $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. Insiders have sold a total of 197,926 shares of company stock valued at $32,251,590 over the last ninety days. 11.55% of the stock is owned by corporate insiders.

Alphabet Stock Up 0.3 %

Shares of NASDAQ:GOOGL opened at $165.46 on Wednesday. Alphabet Inc. has a 1 year low of $120.21 and a 1 year high of $191.75. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.08 and a quick ratio of 2.08. The business’s 50-day moving average is $161.63 and its 200-day moving average is $168.07. The company has a market capitalization of $2.04 trillion, a price-to-earnings ratio of 25.38, a P/E/G ratio of 1.21 and a beta of 1.04.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.04. The firm had revenue of $84.74 billion for the quarter, compared to analysts’ expectations of $70.60 billion. Alphabet had a return on equity of 30.49% and a net margin of 26.70%. During the same period in the prior year, the business earned $1.44 EPS. Equities research analysts predict that Alphabet Inc. will post 7.64 earnings per share for the current year.

Wall Street Analyst Weigh In

GOOGL has been the subject of a number of analyst reports. Morgan Stanley dropped their price target on Alphabet from $205.00 to $190.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd. BMO Capital Markets dropped their target price on shares of Alphabet from $222.00 to $215.00 and set an “outperform” rating for the company in a research report on Wednesday, October 9th. Cantor Fitzgerald reiterated a “neutral” rating and set a $190.00 price target on shares of Alphabet in a research report on Monday, October 7th. Truist Financial restated a “buy” rating and set a $196.00 price objective on shares of Alphabet in a research report on Monday, September 16th. Finally, Pivotal Research upgraded Alphabet to a “strong-buy” rating in a research note on Tuesday, October 1st. Eight 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $201.13.

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.