Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Piscataqua Savings Bank

Piscataqua Savings Bank lowered its stake in Alphabet Inc. (NASDAQ:GOOGL) by 0.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,742 shares of the information services provider’s stock after selling 90 shares during the quarter. Alphabet comprises about 4.9% of Piscataqua Savings Bank’s portfolio, making the stock its 3rd biggest holding. Piscataqua Savings Bank’s holdings in Alphabet were worth $5,762,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GOOGL. Bill Few Associates Inc. grew its stake in Alphabet by 3.1% during the 3rd quarter. Bill Few Associates Inc. now owns 10,980 shares of the information services provider’s stock valued at $1,821,000 after acquiring an additional 334 shares in the last quarter. Jamison Private Wealth Management Inc. increased its holdings in shares of Alphabet by 8.9% during the 3rd quarter. Jamison Private Wealth Management Inc. now owns 6,879 shares of the information services provider’s stock worth $1,141,000 after purchasing an additional 562 shares during the period. Opal Wealth Advisors LLC increased its holdings in shares of Alphabet by 7.4% during the 3rd quarter. Opal Wealth Advisors LLC now owns 7,056 shares of the information services provider’s stock worth $1,170,000 after purchasing an additional 486 shares during the period. Capstone Wealth Management Group LLC increased its holdings in shares of Alphabet by 1.9% during the 3rd quarter. Capstone Wealth Management Group LLC now owns 12,811 shares of the information services provider’s stock worth $2,125,000 after purchasing an additional 242 shares during the period. Finally, Braun Bostich & Associates Inc. increased its holdings in shares of Alphabet by 7.6% during the 3rd quarter. Braun Bostich & Associates Inc. now owns 3,446 shares of the information services provider’s stock worth $572,000 after purchasing an additional 242 shares during the period. 40.03% of the stock is currently owned by institutional investors.

Alphabet Price Performance

GOOGL opened at $162.72 on Friday. Alphabet Inc. has a 12-month low of $120.21 and a 12-month high of $191.75. The business’s fifty day simple moving average is $161.87 and its 200-day simple moving average is $168.40. The company has a market capitalization of $2.01 trillion, a price-to-earnings ratio of 24.96, a PEG ratio of 1.21 and a beta of 1.04. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share 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 business had revenue of $84.74 billion during the quarter, compared to the consensus estimate of $70.60 billion. During the same quarter last year, the company earned $1.44 earnings per share. On average, equities research analysts anticipate that Alphabet Inc. will post 7.64 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on GOOGL shares. JMP Securities reissued a “market outperform” rating and issued a $200.00 target price on shares of Alphabet in a research note on Wednesday, September 25th. Truist Financial upped their target price on shares of Alphabet from $196.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price target on shares of Alphabet from $200.00 to $208.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. TD Securities upped their target price on shares of Alphabet from $200.00 to $220.00 in a research note on Wednesday, July 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $210.00 target price on shares of Alphabet in a research note on Tuesday, October 15th. Eight analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus target price of $201.76.

Insider Activity at Alphabet

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

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.