Burns Matteson Capital Management LLC Has $1.08 Million Stake in Alphabet Inc. (NASDAQ:GOOGL)

Burns Matteson Capital Management LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 67.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,532 shares of the information services provider’s stock after buying an additional 2,620 shares during the period. Burns Matteson Capital Management LLC’s holdings in Alphabet were worth $1,083,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Code Waechter LLC acquired a new stake in Alphabet during the third quarter valued at approximately $577,000. Chickasaw Capital Management LLC lifted its position in shares of Alphabet by 3.1% during the 3rd quarter. Chickasaw Capital Management LLC now owns 23,558 shares of the information services provider’s stock worth $3,907,000 after buying an additional 715 shares during the period. Atwater Malick LLC boosted its stake in Alphabet by 0.8% in the 3rd quarter. Atwater Malick LLC now owns 87,434 shares of the information services provider’s stock valued at $14,501,000 after buying an additional 651 shares in the last quarter. Perfromance Wealth Partners LLC grew its position in Alphabet by 20.2% in the third quarter. Perfromance Wealth Partners LLC now owns 40,457 shares of the information services provider’s stock valued at $6,710,000 after acquiring an additional 6,794 shares during the period. Finally, Octavia Wealth Advisors LLC raised its stake in Alphabet by 0.5% during the third quarter. Octavia Wealth Advisors LLC now owns 111,324 shares of the information services provider’s stock worth $18,463,000 after acquiring an additional 554 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Insider Buying and Selling at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of Alphabet 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 sale, the chief executive officer now owns 2,182,385 shares of the company’s stock, valued at approximately $354,310,204.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction 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 transaction, the chief accounting officer now owns 31,334 shares in the company, valued at approximately $5,264,112. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $162.35, for a total transaction of $3,652,875.00. Following the completion of the sale, the chief executive officer now owns 2,182,385 shares in the company, valued at $354,310,204.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 220,426 shares of company stock valued at $35,993,340 in the last 90 days. 11.55% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on GOOGL shares. Roth Mkm reaffirmed a “buy” rating and issued a $206.00 target price on shares of Alphabet in a report on Thursday, August 29th. Scotiabank raised shares of Alphabet to a “strong-buy” rating in a research note on Friday, October 11th. Guggenheim lifted their target price on shares of Alphabet from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. DA Davidson started coverage on Alphabet in a research report on Tuesday, September 10th. They set a “neutral” rating and a $170.00 price target on the stock. Finally, Mizuho lifted their price objective on Alphabet from $205.00 to $210.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Eight investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $201.76.

Alphabet Price Performance

NASDAQ GOOGL opened at $163.42 on Monday. 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 stock has a market cap of $2.02 trillion, a price-to-earnings ratio of 25.06, a PEG ratio of 1.21 and a beta of 1.04. The business has a 50 day simple moving average of $161.77 and a 200 day simple moving average of $168.25. Alphabet Inc. has a 52-week low of $120.21 and a 52-week high of $191.75.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data 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. The company had revenue of $84.74 billion during the quarter, compared to the consensus estimate of $70.60 billion. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. During the same quarter in the prior year, the firm earned $1.44 earnings per share. 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.