Alphabet Inc. $GOOG Shares Bought by CAP Partners LLC

CAP Partners LLC increased its holdings in Alphabet Inc. (NASDAQ:GOOG) by 0.6% in the second quarter, HoldingsChannel.com reports. The firm owned 9,485 shares of the information services provider’s stock after buying an additional 57 shares during the quarter. Alphabet makes up 1.1% of CAP Partners LLC’s holdings, making the stock its 26th biggest holding. CAP Partners LLC’s holdings in Alphabet were worth $1,682,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of GOOG. Brighton Jones LLC increased its stake in Alphabet by 5.6% during the 4th quarter. Brighton Jones LLC now owns 120,253 shares of the information services provider’s stock worth $22,901,000 after buying an additional 6,410 shares in the last quarter. Revisor Wealth Management LLC increased its stake in Alphabet by 107.9% during the 1st quarter. Revisor Wealth Management LLC now owns 3,659 shares of the information services provider’s stock worth $572,000 after buying an additional 1,899 shares in the last quarter. GAMMA Investing LLC increased its stake in Alphabet by 19.5% during the 1st quarter. GAMMA Investing LLC now owns 91,681 shares of the information services provider’s stock worth $14,323,000 after buying an additional 14,931 shares in the last quarter. Primoris Wealth Advisors LLC increased its stake in Alphabet by 0.4% during the 1st quarter. Primoris Wealth Advisors LLC now owns 16,800 shares of the information services provider’s stock worth $2,625,000 after buying an additional 75 shares in the last quarter. Finally, Tranquility Partners LLC increased its stake in Alphabet by 0.4% during the 1st quarter. Tranquility Partners LLC now owns 14,488 shares of the information services provider’s stock worth $2,263,000 after buying an additional 63 shares in the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on GOOG shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Alphabet in a research note on Friday. Piper Sandler restated a “neutral” rating on shares of Alphabet in a research report on Wednesday, July 9th. TD Cowen upped their price target on Alphabet from $270.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Hsbc Global Res upgraded Alphabet to a “strong-buy” rating in a research report on Tuesday, October 7th. Finally, UBS Group set a $255.00 price target on Alphabet and gave the company a “neutral” rating in a research report on Thursday, October 9th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $249.68.

Alphabet Trading Up 2.7%

Shares of Alphabet stock opened at $260.51 on Friday. The firm has a market capitalization of $3.15 trillion, a price-to-earnings ratio of 27.74, a PEG ratio of 1.76 and a beta of 1.00. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $262.51. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a 50 day moving average of $237.33 and a 200 day moving average of $196.66.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.19. The company had revenue of $96.43 billion during the quarter, compared to analyst estimates of $93.67 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.89 earnings per share. As a group, research analysts predict that Alphabet Inc. will post 8.89 earnings per share for the current year.

Insider Buying and Selling

In other Alphabet news, insider John Kent Walker sold 23,820 shares of the company’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $194.70, for a total transaction of $4,637,754.00. Following the transaction, the insider directly owned 42,999 shares in the company, valued at $8,371,905.30. This represents a 35.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $249.50, for a total value of $8,108,750.00. Following the transaction, the chief executive officer owned 2,397,392 shares in the company, valued at $598,149,304. This trade represents a 1.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 246,150 shares of company stock worth $55,805,379. Company insiders own 12.99% of the company’s stock.

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.