Alphabet Inc. (NASDAQ:GOOGL) Shares Purchased by Mesirow Financial Investment Management Inc.

Mesirow Financial Investment Management Inc. increased its holdings in Alphabet Inc. (NASDAQ:GOOGL) by 1.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 414,394 shares of the information services provider’s stock after purchasing an additional 4,035 shares during the quarter. Alphabet accounts for about 1.3% of Mesirow Financial Investment Management Inc.’s holdings, making the stock its 15th largest holding. Mesirow Financial Investment Management Inc.’s holdings in Alphabet were worth $68,728,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. XML Financial LLC lifted its holdings in Alphabet by 5.5% during the third quarter. XML Financial LLC now owns 25,595 shares of the information services provider’s stock valued at $4,245,000 after purchasing an additional 1,325 shares in the last quarter. Austin Asset Management Co Inc raised its position in shares of Alphabet by 3.6% during the 3rd quarter. Austin Asset Management Co Inc now owns 3,550 shares of the information services provider’s stock worth $589,000 after purchasing an additional 124 shares during the last quarter. GSG Advisors LLC lifted its stake in Alphabet by 13.2% in the 3rd quarter. GSG Advisors LLC now owns 6,446 shares of the information services provider’s stock valued at $1,076,000 after buying an additional 753 shares in the last quarter. Essex Savings Bank boosted its holdings in Alphabet by 2.3% in the 3rd quarter. Essex Savings Bank now owns 26,013 shares of the information services provider’s stock worth $4,314,000 after buying an additional 581 shares during the last quarter. Finally, Cypress Point Wealth Management LLC increased its stake in Alphabet by 2.4% during the 3rd quarter. Cypress Point Wealth Management LLC now owns 3,617 shares of the information services provider’s stock worth $600,000 after buying an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GOOGL. Piper Sandler reaffirmed an “overweight” rating and issued a $210.00 price target (up from $200.00) on shares of Alphabet in a research note on Wednesday, October 30th. Morgan Stanley lifted their target price on shares of Alphabet from $190.00 to $205.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Tigress Financial increased their target price on shares of Alphabet from $210.00 to $220.00 and gave the company a “strong-buy” rating in a research report on Thursday, September 26th. KeyCorp boosted their price target on shares of Alphabet from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Finally, Truist Financial increased their price objective on shares of Alphabet from $220.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Seven investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and five have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $205.90.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 2,835 shares of the firm’s stock in a transaction that occurred 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 sale, the chief accounting officer now owns 29,182 shares of the company’s stock, valued at $4,421,948.46. This trade represents a 8.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kavitark Ram Shriram sold 10,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $180.78, for a total transaction of $1,898,190.00. Following the transaction, the director now owns 330,466 shares of the company’s stock, valued at $59,741,643.48. This trade represents a 3.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 206,795 shares of company stock valued at $34,673,866 in the last three months. 11.55% of the stock is owned by corporate insiders.

Alphabet Stock Down 1.7 %

Shares of GOOGL opened at $164.76 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The stock has a market capitalization of $2.02 trillion, a PE ratio of 21.85, a P/E/G ratio of 1.19 and a beta of 1.03. The company’s 50-day simple moving average is $167.64 and its 200-day simple moving average is $170.35. Alphabet Inc. has a 1 year low of $127.90 and a 1 year high of $191.75.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating the consensus estimate of $1.83 by $0.29. The company had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same quarter last year, the company posted $1.55 EPS. Analysts forecast that Alphabet Inc. will post 8.01 earnings per share for the current fiscal year.

Alphabet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, December 9th. This represents a $0.80 annualized dividend and a yield of 0.49%. Alphabet’s payout ratio is 10.61%.

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.