First National Corp MA ADV Has $1.44 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

First National Corp MA ADV raised its holdings in Alphabet Inc. (NASDAQ:GOOG) by 1.1% in the 4th quarter, HoldingsChannel reports. The fund owned 10,210 shares of the information services provider’s stock after acquiring an additional 114 shares during the period. First National Corp MA ADV’s holdings in Alphabet were worth $1,439,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of GOOG. Totem Point Management LLC raised its stake in Alphabet by 22.0% during the first quarter. Totem Point Management LLC now owns 3,171 shares of the information services provider’s stock worth $8,857,000 after buying an additional 571 shares during the last quarter. Somerville Kurt F lifted its stake in shares of Alphabet by 10.3% in the 1st quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock valued at $330,000 after purchasing an additional 11 shares during the period. BCK Partners Inc. acquired a new stake in Alphabet during the first quarter worth approximately $2,564,000. Hall Capital Management Co. Inc. increased its holdings in Alphabet by 53.2% in the first quarter. Hall Capital Management Co. Inc. now owns 144 shares of the information services provider’s stock worth $402,000 after purchasing an additional 50 shares in the last quarter. Finally, Fairfield Bush & CO. boosted its holdings in shares of Alphabet by 6.8% during the 1st quarter. Fairfield Bush & CO. now owns 3,370 shares of the information services provider’s stock worth $9,412,000 after buying an additional 214 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on GOOG. Raymond James boosted their target price on shares of Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Susquehanna increased their price objective on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Alphabet currently has a consensus rating of “Buy” and a consensus target price of $146.33.

Alphabet Stock Performance

Shares of GOOG stock opened at $152.16 on Thursday. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. The firm has a fifty day simple moving average of $144.57 and a two-hundred day simple moving average of $139.30. Alphabet Inc. has a 12 month low of $100.29 and a 12 month high of $155.20. The firm has a market capitalization of $1.89 trillion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 1.40 and a beta of 1.05.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.60 by $0.04. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The company had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $85.28 billion. During the same period in the previous year, the firm posted $1.05 earnings per share. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. Analysts forecast that Alphabet Inc. will post 6.77 EPS for the current fiscal year.

Insider Activity at Alphabet

In other news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $140.11, for a total value of $3,152,475.00. Following the completion of the sale, the chief executive officer now owns 2,422,691 shares in the company, valued at $339,443,236.01. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $140.11, for a total value of $3,152,475.00. Following the completion of the transaction, the chief executive officer now directly owns 2,422,691 shares in the company, valued at $339,443,236.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frances Arnold sold 230 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the transaction, the director now directly owns 15,104 shares in the company, valued at approximately $2,326,922.24. The disclosure for this sale can be found here. In the last three months, insiders sold 251,378 shares of company stock valued at $35,461,377. 12.99% of the stock is owned by insiders.

About Alphabet

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.