1,558 Shares in Alphabet Inc. $GOOG Bought by Leeward Financial Partners LLC

Leeward Financial Partners LLC bought a new position in shares of Alphabet Inc. (NASDAQ:GOOG) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,558 shares of the information services provider’s stock, valued at approximately $276,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GOOG. Brighton Jones LLC boosted its position in shares of Alphabet by 5.6% during the fourth quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock worth $22,901,000 after acquiring an additional 6,410 shares during the last quarter. Smart Money Group LLC boosted its position in shares of Alphabet by 24.6% during the first quarter. Smart Money Group LLC now owns 2,186 shares of the information services provider’s stock worth $342,000 after acquiring an additional 432 shares during the last quarter. Impax Asset Management Group plc boosted its position in shares of Alphabet by 2.2% during the first quarter. Impax Asset Management Group plc now owns 33,291 shares of the information services provider’s stock worth $5,201,000 after acquiring an additional 725 shares during the last quarter. Capital Investment Advisory Services LLC boosted its position in shares of Alphabet by 1.8% during the first quarter. Capital Investment Advisory Services LLC now owns 77,915 shares of the information services provider’s stock worth $12,173,000 after acquiring an additional 1,378 shares during the last quarter. Finally, Truist Financial Corp boosted its position in shares of Alphabet by 0.8% during the first quarter. Truist Financial Corp now owns 3,611,862 shares of the information services provider’s stock worth $564,281,000 after acquiring an additional 30,326 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on GOOG. Oppenheimer increased their price objective on shares of Alphabet from $300.00 to $345.00 and gave the company an “outperform” rating in a research report on Thursday. Cowen reiterated a “buy” rating on shares of Alphabet in a research report on Thursday. Raymond James Financial set a $275.00 price objective on shares of Alphabet and gave the company an “outperform” rating in a research report on Friday, October 24th. Hsbc Global Res upgraded shares of Alphabet to a “strong-buy” rating in a research report on Tuesday, October 7th. Finally, DA Davidson set a $825.00 price objective on shares of Alphabet in a research report on Monday, October 27th. Five research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Alphabet has an average rating of “Moderate Buy” and an average price target of $324.81.

Insiders Place Their Bets

In other news, Director Frances Arnold sold 103 shares of the stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $243.13, for a total value of $25,042.39. Following the sale, the director owned 17,284 shares of the company’s stock, valued at approximately $4,202,258.92. This represents a 0.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $250.15, for a total transaction of $8,129,875.00. Following the completion of the sale, the chief executive officer directly owned 2,369,619 shares in the company, valued at approximately $592,760,192.85. This represents a 1.35% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 222,330 shares of company stock valued at $51,167,625. 12.99% of the stock is currently owned by company insiders.

Alphabet Trading Down 0.0%

Shares of GOOG opened at $281.82 on Monday. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $291.93. The company has a market cap of $3.41 trillion, a P/E ratio of 27.79, a P/E/G ratio of 1.86 and a beta of 1.00. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. The company’s fifty day simple moving average is $244.59 and its 200-day simple moving average is $201.30.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.58. Alphabet had a net margin of 32.23% and a return on equity of 36.08%. The business had revenue of $102.35 billion for the quarter, compared to the consensus estimate of $99.90 billion. During the same quarter in the prior year, the firm posted $2.12 earnings per share. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. As a group, analysts expect that Alphabet Inc. will post 8.89 EPS for the current year.

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.