Capital Analysts LLC Purchases 928 Shares of Alphabet Inc. (NASDAQ:GOOG)

Capital Analysts LLC boosted its position in Alphabet Inc. (NASDAQ:GOOG) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,568 shares of the information services provider’s stock after purchasing an additional 928 shares during the quarter. Capital Analysts LLC’s holdings in Alphabet were worth $3,604,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Tandem Wealth Advisors LLC purchased a new stake in Alphabet in the third quarter valued at approximately $25,000. Bruce G. Allen Investments LLC purchased a new stake in Alphabet in the fourth quarter valued at approximately $26,000. HWG Holdings LP purchased a new stake in Alphabet in the 2nd quarter worth approximately $26,000. Equitec Proprietary Markets LLC purchased a new stake in Alphabet in the 4th quarter worth approximately $28,000. Finally, Buck Wealth Strategies LLC purchased a new stake in Alphabet in the 3rd quarter worth approximately $32,000. 27.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on GOOG. Stifel Nicolaus upped their target price on Alphabet from $154.00 to $174.00 and gave the stock a “buy” rating in a research note on Tuesday. Raymond James upped their target price on Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Oppenheimer upped their target price on Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Morgan Stanley reissued an “overweight” rating and issued a $165.00 price objective on shares of Alphabet in a research note on Thursday, April 11th. Finally, Susquehanna increased their price objective on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $159.86.

Alphabet Stock Up 0.6 %

Shares of GOOG opened at $156.88 on Thursday. Alphabet Inc. has a 52-week low of $103.27 and a 52-week high of $161.70. The company has a market capitalization of $1.95 trillion, a PE ratio of 27.05, a price-to-earnings-growth ratio of 1.44 and a beta of 1.05. The stock has a fifty day simple moving average of $147.15 and a two-hundred day simple moving average of $141.61. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The business had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $85.28 billion. During the same period last year, the company earned $1.05 EPS. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. As a group, equities analysts forecast that Alphabet Inc. will post 6.78 EPS for the current year.

Insiders Place Their Bets

In other Alphabet news, Director Frances Arnold sold 230 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total value of $35,433.80. Following the completion of the sale, the director now directly owns 15,104 shares of the company’s stock, valued at approximately $2,326,922.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $146.29, for a total transaction of $3,291,525.00. Following the completion of the transaction, the chief executive officer now directly owns 2,377,691 shares in the company, valued at approximately $347,832,416.39. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Frances Arnold sold 230 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total value of $35,433.80. Following the transaction, the director now owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The disclosure for this sale can be found here. Insiders sold 251,339 shares of company stock valued at $36,377,482 in the last three months. 12.99% of the stock is currently owned by insiders.

Alphabet Company 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.