Capital Advisors Inc. OK Sells 6,040 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Capital Advisors Inc. OK lessened its position in Alphabet Inc. (NASDAQ:GOOGL – Free Report) by 21.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,850 shares of the information services provider’s stock after selling 6,040 shares during the period. Capital Advisors Inc. OK’s holdings in Alphabet were worth $2,267,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Alphabet by 1,919.4% in the third quarter. Vanguard Group Inc. now owns 477,035,902 shares of the information services provider’s stock valued at $45,628,484,000 after buying an additional 453,413,389 shares during the period. State Street Corp boosted its holdings in shares of Alphabet by 1,900.6% in the third quarter. State Street Corp now owns 217,154,306 shares of the information services provider’s stock valued at $20,770,809,000 after buying an additional 206,300,042 shares during the period. Moneta Group Investment Advisors LLC boosted its holdings in shares of Alphabet by 111,197.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 170,420,243 shares of the information services provider’s stock valued at $15,036,178,000 after buying an additional 170,267,122 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Alphabet by 1,759.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 116,116,066 shares of the information services provider’s stock valued at $11,106,502,000 after buying an additional 109,870,525 shares during the period. Finally, Norges Bank acquired a new position in shares of Alphabet in the fourth quarter valued at approximately $8,335,063,000. Institutional investors own 35.38% of the company’s stock.

Get Alphabet alerts:

Wall Street Analysts Forecast Growth

GOOGL has been the subject of several recent research reports. 1-800-FLOWERS.COM restated a “downgrade” rating on shares of Alphabet in a report on Monday, May 15th. UBS Group cut shares of Alphabet from a “buy” rating to a “neutral” rating and increased their target price for the stock from $123.00 to $132.00 in a report on Monday, June 26th. Jefferies Financial Group increased their target price on shares of Alphabet from $130.00 to $150.00 in a report on Tuesday, May 23rd. Robert W. Baird increased their target price on shares of Alphabet from $120.00 to $123.00 and gave the stock an “outperform” rating in a report on Wednesday, April 26th. Finally, StockNews.com initiated coverage on shares of Alphabet in a report on Thursday, May 18th. They set a “buy” rating for the company. Seven analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $129.54.

Insider Activity at Alphabet

In related news, SVP Prabhakar Raghavan sold 16,083 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $120.31, for a total transaction of $1,934,945.73. Following the sale, the senior vice president now owns 127,028 shares in the company, valued at approximately $15,282,738.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Amie Thuener O’toole sold 637 shares of the firm’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $107.51, for a total value of $68,483.87. Following the transaction, the chief accounting officer now owns 25,937 shares of the company’s stock, valued at approximately $2,788,486.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Prabhakar Raghavan sold 16,083 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $120.31, for a total transaction of $1,934,945.73. Following the completion of the transaction, the senior vice president now directly owns 127,028 shares in the company, valued at approximately $15,282,738.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 810,248 shares of company stock worth $25,702,475. Company insiders own 0.88% of the company’s stock.

Alphabet Stock Down 1.3 %

Shares of GOOGL opened at $120.11 on Friday. The stock has a market capitalization of $1.53 trillion, a price-to-earnings ratio of 26.75, a price-to-earnings-growth ratio of 1.53 and a beta of 1.06. Alphabet Inc. has a 1 year low of $83.34 and a 1 year high of $129.04. The business’s 50 day simple moving average is $119.30 and its 200-day simple moving average is $104.73. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.35 and a quick ratio of 2.32.

Alphabet (NASDAQ:GOOGL – Free Report) last issued its quarterly earnings data on Tuesday, April 25th. The information services provider reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.11. Alphabet had a return on equity of 22.84% and a net margin of 20.58%. The business had revenue of $69.79 billion for the quarter, compared to analysts’ expectations of $57.19 billion. During the same period in the prior year, the firm earned $1.23 EPS. As a group, equities analysts expect that Alphabet Inc. will post 5.39 earnings per share for the current fiscal year.

Alphabet Profile

(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.

Further Reading

• Five stocks we like better than Alphabet
• Order From U.S. Army Fuels Surge In Enovix Stock
• The Bottom Is In For Mullen Automotive 
• Could Meta Be Risking Another Sell Off With Its New “Threads”?
• 2 Must-Have Specialized ETFs for the Long-Term Investor
• Inspire Medical Up 15% After Breakout, Analysts Say It’s A Buy

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.