Alphabet Inc. $GOOG is Pavion Blue Capital LLC’s 7th Largest Position

Pavion Blue Capital LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,235 shares of the information services provider’s stock after purchasing an additional 125 shares during the quarter. Alphabet comprises approximately 3.7% of Pavion Blue Capital LLC’s portfolio, making the stock its 7th biggest position. Pavion Blue Capital LLC’s holdings in Alphabet were worth $8,379,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. IFS Advisors LLC raised its stake in shares of Alphabet by 400.0% during the second quarter. IFS Advisors LLC now owns 150 shares of the information services provider’s stock worth $27,000 after purchasing an additional 120 shares during the last quarter. Robbins Farley raised its stake in shares of Alphabet by 60.0% during the second quarter. Robbins Farley now owns 160 shares of the information services provider’s stock worth $28,000 after purchasing an additional 60 shares during the last quarter. WestEnd Advisors LLC raised its stake in shares of Alphabet by 58.7% during the second quarter. WestEnd Advisors LLC now owns 165 shares of the information services provider’s stock worth $29,000 after purchasing an additional 61 shares during the last quarter. Fairman Group LLC raised its stake in shares of Alphabet by 121.3% during the second quarter. Fairman Group LLC now owns 177 shares of the information services provider’s stock worth $31,000 after purchasing an additional 97 shares during the last quarter. Finally, Greykasell Wealth Strategies Inc. purchased a new stake in shares of Alphabet during the first quarter worth approximately $32,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. DA Davidson set a $825.00 price target on Alphabet in a research note on Monday. HSBC reaffirmed a “buy” rating and set a $335.00 price objective on shares of Alphabet in a report on Thursday. Morgan Stanley upped their price objective on Alphabet from $210.00 to $270.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Cowen reaffirmed a “buy” rating on shares of Alphabet in a report on Thursday. Finally, Rosenblatt Securities set a $279.00 price objective on shares of Alphabet in a report on Thursday. Five research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $324.81.

Alphabet Stock Up 2.4%

Alphabet stock opened at $281.90 on Friday. 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 firm has a market capitalization of $3.41 trillion, a price-to-earnings ratio of 27.80, a price-to-earnings-growth ratio of 1.86 and a beta of 1.00. Alphabet Inc. has a fifty-two week low of $142.66 and a fifty-two week high of $291.93. The stock’s fifty day moving average is $243.09 and its two-hundred day moving average is $199.85.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.58. The company had revenue of $102.35 billion for the quarter, compared to analyst estimates of $99.90 billion. Alphabet had a return on equity of 36.08% and a net margin of 32.23%.Alphabet’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.12 earnings per share. Analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 2,778 shares of the company’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $250.05, for a total value of $694,638.90. Following the sale, the chief accounting officer owned 14,516 shares of the company’s stock, valued at approximately $3,629,725.80. This represents a 16.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $250.15, for a total value of $8,129,875.00. Following the completion of the sale, the chief executive officer directly owned 2,369,619 shares in the company, valued at $592,760,192.85. This trade represents a 1.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 246,150 shares of company stock valued at $55,805,379 in the last three months. 12.99% of the stock is owned by insiders.

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.