First National Corp MA ADV Boosts Stake in Alphabet Inc. (NASDAQ:GOOGL)

First National Corp MA ADV increased its stake in Alphabet Inc. (NASDAQ:GOOGL) by 0.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,990 shares of the information services provider’s stock after acquiring an additional 80 shares during the period. First National Corp MA ADV’s holdings in Alphabet were worth $2,818,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. First PREMIER Bank boosted its stake in Alphabet by 3.8% in the third quarter. First PREMIER Bank now owns 1,655 shares of the information services provider’s stock worth $275,000 after buying an additional 61 shares in the last quarter. Partnership Wealth Management LLC lifted its holdings in shares of Alphabet by 40.5% in the 3rd quarter. Partnership Wealth Management LLC now owns 801 shares of the information services provider’s stock worth $133,000 after acquiring an additional 231 shares during the last quarter. StoneCrest Wealth Management Inc. lifted its holdings in shares of Alphabet by 0.7% in the 3rd quarter. StoneCrest Wealth Management Inc. now owns 21,509 shares of the information services provider’s stock worth $3,567,000 after acquiring an additional 140 shares during the last quarter. Sovereign Financial Group Inc. boosted its stake in shares of Alphabet by 0.6% in the 3rd quarter. Sovereign Financial Group Inc. now owns 37,215 shares of the information services provider’s stock valued at $6,172,000 after purchasing an additional 205 shares in the last quarter. Finally, Strategic Wealth Partners Ltd. grew its holdings in shares of Alphabet by 9.8% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 81,302 shares of the information services provider’s stock valued at $13,484,000 after purchasing an additional 7,247 shares during the last quarter. Institutional investors own 40.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GOOGL. Argus boosted their price target on shares of Alphabet from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Roth Mkm reissued a “buy” rating and issued a $206.00 target price on shares of Alphabet in a research note on Thursday, August 29th. Evercore ISI reduced their price target on Alphabet from $225.00 to $200.00 and set an “outperform” rating on the stock in a research report on Monday, September 16th. BMO Capital Markets lowered their price objective on Alphabet from $222.00 to $215.00 and set an “outperform” rating for the company in a research report on Wednesday, October 9th. Finally, Piper Sandler restated an “overweight” rating and issued a $200.00 target price on shares of Alphabet in a report on Monday, September 30th. Eight investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $201.76.

Insider Activity

In related news, SVP Prabhakar Raghavan sold 34,257 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the completion of the transaction, the senior vice president now owns 312,210 shares in the company, valued at approximately $50,765,346. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Prabhakar Raghavan sold 34,257 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the sale, the senior vice president now directly owns 312,210 shares of the company’s stock, valued at $50,765,346. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $168.00, for a total value of $114,576.00. Following the transaction, the chief accounting officer now owns 31,334 shares of the company’s stock, valued at $5,264,112. This 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 220,426 shares of company stock worth $35,993,340 over the last quarter. Insiders own 11.55% of the company’s stock.

Alphabet Trading Down 1.4 %

Shares of Alphabet stock opened at $162.93 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08. The company has a fifty day moving average of $161.77 and a 200 day moving average of $168.01. The company has a market capitalization of $2.01 trillion, a P/E ratio of 24.99, a P/E/G ratio of 1.21 and a beta of 1.04. Alphabet Inc. has a fifty-two week low of $120.21 and a fifty-two week high of $191.75.

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

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.