Capital Advisors Inc. OK grew its position in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 10.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,890 shares of the information services provider’s stock after purchasing an additional 2,730 shares during the period. Capital Advisors Inc. OK’s holdings in Alphabet were worth $2,461,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. IAG Wealth Partners LLC boosted its stake in shares of Alphabet by 3,275.0% during the 3rd quarter. IAG Wealth Partners LLC now owns 270 shares of the information services provider’s stock worth $26,000 after purchasing an additional 262 shares during the last quarter. Artemis Wealth Advisors LLC boosted its stake in shares of Alphabet by 1,900.0% during the 3rd quarter. Artemis Wealth Advisors LLC now owns 280 shares of the information services provider’s stock worth $27,000 after purchasing an additional 266 shares during the last quarter. Laurel Wealth Planning LLC boosted its position in shares of Alphabet by 1,900.0% in the third quarter. Laurel Wealth Planning LLC now owns 300 shares of the information services provider’s stock worth $29,000 after acquiring an additional 285 shares during the last quarter. Coston McIsaac & Partners boosted its position in shares of Alphabet by 1,900.0% in the third quarter. Coston McIsaac & Partners now owns 320 shares of the information services provider’s stock worth $30,000 after acquiring an additional 304 shares during the last quarter. Finally, Horizons Wealth Management acquired a new stake in shares of Alphabet in the second quarter worth approximately $33,000. 34.06% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Alphabet news, SVP Prabhakar Raghavan sold 22,203 shares of Alphabet stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $89.75, for a total value of $1,992,719.25. Following the completion of the transaction, the senior vice president now owns 76,579 shares of the company’s stock, valued at $6,872,965.25. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider John Kent Walker sold 11,313 shares of the business’s stock in a transaction on Monday, January 23rd. The shares were sold at an average price of $100.00, for a total transaction of $1,131,300.00. Following the completion of the transaction, the insider now owns 41,970 shares of the company’s stock, valued at $4,197,000. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Prabhakar Raghavan sold 22,203 shares of the business’s stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $89.75, for a total transaction of $1,992,719.25. Following the transaction, the senior vice president now directly owns 76,579 shares of the company’s stock, valued at approximately $6,872,965.25. The disclosure for this sale can be found here. Insiders sold a total of 74,245 shares of company stock valued at $7,174,078 over the last 90 days. 11.44% of the stock is owned by company insiders.
Analysts Set New Price Targets
Alphabet Stock Performance
Alphabet stock opened at $105.44 on Friday. The company has a market cap of $1.35 trillion, a PE ratio of 23.17, a P/E/G ratio of 1.43 and a beta of 1.09. The company has a fifty day moving average price of $96.46 and a two-hundred day moving average price of $96.04. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.38 and a quick ratio of 2.34. Alphabet Inc. has a 12 month low of $83.34 and a 12 month high of $143.79.
Alphabet (NASDAQ:GOOGL – Get Rating) last released its quarterly earnings data on Thursday, February 2nd. The information services provider reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.09). The business had revenue of $76.05 billion during the quarter, compared to analyst estimates of $63.15 billion. Alphabet had a return on equity of 23.54% and a net margin of 21.20%. During the same period in the prior year, the firm earned $1.53 EPS. Research analysts expect that Alphabet Inc. will post 5.12 earnings per share for the current year.
About Alphabet
Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.
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