Capital Advisory Group Advisory Services LLC Increases Holdings in Alphabet Inc. (NASDAQ:GOOG)

Posted by Defense World Staff on Jul 5th, 2023

Capital Advisory Group Advisory Services LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOG – Free Report) by 2.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,833 shares of the information services provider’s stock after acquiring an additional 185 shares during the period. Capital Advisory Group Advisory Services LLC’s holdings in Alphabet were worth $919,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in GOOG. Monarch Capital Management Inc. increased its holdings in shares of Alphabet by 4.0% in the fourth quarter. Monarch Capital Management Inc. now owns 40,712 shares of the information services provider’s stock worth $3,612,000 after purchasing an additional 1,562 shares during the last quarter. Matthew Goff Investment Advisor LLC increased its holdings in shares of Alphabet by 4.2% in the fourth quarter. Matthew Goff Investment Advisor LLC now owns 7,380 shares of the information services provider’s stock worth $655,000 after purchasing an additional 300 shares during the last quarter. Gould Capital LLC increased its holdings in shares of Alphabet by 2,150.0% in the third quarter. Gould Capital LLC now owns 315 shares of the information services provider’s stock worth $30,000 after purchasing an additional 301 shares during the last quarter. Meyer Handelman Co. increased its holdings in shares of Alphabet by 7.4% in the first quarter. Meyer Handelman Co. now owns 264,040 shares of the information services provider’s stock worth $27,460,000 after purchasing an additional 18,210 shares during the last quarter. Finally, Galibier Capital Management Ltd. increased its holdings in shares of Alphabet by 54.9% in the fourth quarter. Galibier Capital Management Ltd. now owns 10,502 shares of the information services provider’s stock worth $932,000 after purchasing an additional 3,722 shares during the last quarter. 27.17% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Alphabet news, Director Frances Arnold sold 240 shares of the company’s stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $120.02, for a total transaction of $28,804.80. Following the completion of the sale, the director now owns 13,040 shares in the company, valued at $1,565,060.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Alphabet news, Director Frances Arnold sold 240 shares of the company’s stock in a transaction on Thursday, June 29th. The stock was sold at an average price of $120.02, for a total transaction of $28,804.80. Following the completion of the sale, the director now owns 13,040 shares in the company, valued at $1,565,060.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder 2021 Gp L.L.C. Gv acquired 309,931 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The shares were acquired at an average price of $28.34 per share, with a total value of $8,783,444.54. Following the acquisition, the insider now owns 2,243,665 shares in the company, valued at approximately $63,585,466.10. The disclosure for this purchase can be found here. Insiders sold a total of 816,599 shares of company stock worth $24,142,177 over the last 90 days. Company insiders own 12.99% of the company’s stock.

Alphabet Stock Down 0.3 %

Shares of NASDAQ GOOG opened at $120.56 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.32 and a current ratio of 2.35. The firm has a market capitalization of $1.53 trillion, a price-to-earnings ratio of 26.85, a PEG ratio of 1.55 and a beta of 1.07. The stock has a 50 day moving average price of $119.36 and a 200 day moving average price of $105.13. Alphabet Inc. has a 52-week low of $83.45 and a 52-week high of $129.55.

Alphabet (NASDAQ:GOOG – Free Report) last announced its quarterly earnings results on Tuesday, April 25th. The information services provider reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.11. The firm had revenue of $69.79 billion during the quarter, compared to analyst estimates of $68.80 billion. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. Alphabet’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.23 earnings per share. Sell-side analysts expect that Alphabet Inc. will post 5.39 earnings per share for the current year.

Wall Street Analyst Weigh In

GOOG has been the topic of several research reports. Deutsche Bank Aktiengesellschaft lifted their target price on Alphabet from $120.00 to $125.00 in a report on Wednesday, April 26th. Robert W. Baird boosted their price objective on Alphabet from $120.00 to $123.00 in a research note on Wednesday, April 26th. UBS Group boosted their price objective on Alphabet from $120.00 to $123.00 and gave the stock a “buy” rating in a research note on Thursday, April 6th. Oppenheimer reduced their price objective on Alphabet from $155.00 to $135.00 in a research note on Monday, April 24th. Finally, Raymond James boosted their price objective on Alphabet from $119.00 to $130.00 in a research note on Wednesday, April 26th. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $132.80.

About Alphabet

(Free Report)

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, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.