Alphabet Inc. $GOOGL Shares Purchased by Trilogy Capital Inc.

Trilogy Capital Inc. raised its stake in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 7.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,967 shares of the information services provider’s stock after acquiring an additional 1,519 shares during the quarter. Trilogy Capital Inc.’s holdings in Alphabet were worth $5,583,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of GOOGL. Breakwater Investment Management grew its position in Alphabet by 1.0% during the third quarter. Breakwater Investment Management now owns 4,228 shares of the information services provider’s stock valued at $1,028,000 after buying an additional 41 shares during the period. Wealth Alliance Advisory Group LLC raised its position in shares of Alphabet by 1.0% in the third quarter. Wealth Alliance Advisory Group LLC now owns 4,045 shares of the information services provider’s stock worth $983,000 after acquiring an additional 41 shares during the period. Clearview Wealth Advisors LLC boosted its stake in shares of Alphabet by 3.3% during the 3rd quarter. Clearview Wealth Advisors LLC now owns 1,281 shares of the information services provider’s stock worth $312,000 after acquiring an additional 41 shares in the last quarter. Kooman & Associates boosted its stake in shares of Alphabet by 3.3% during the 3rd quarter. Kooman & Associates now owns 1,343 shares of the information services provider’s stock worth $326,000 after acquiring an additional 43 shares in the last quarter. Finally, Contravisory Investment Management Inc. grew its position in shares of Alphabet by 2.9% during the 3rd quarter. Contravisory Investment Management Inc. now owns 1,572 shares of the information services provider’s stock valued at $382,000 after acquiring an additional 44 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Alphabet Trading Up 0.7%

GOOGL opened at $330.52 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.75 and a quick ratio of 1.75. The company’s 50 day simple moving average is $314.62 and its two-hundred day simple moving average is $258.45. Alphabet Inc. has a 1-year low of $140.53 and a 1-year high of $340.49. The firm has a market capitalization of $3.99 trillion, a price-to-earnings ratio of 32.60, a price-to-earnings-growth ratio of 1.81 and a beta of 1.08.

Alphabet (NASDAQ:GOOGLGet Free Report) last posted its quarterly earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.58. Alphabet had a return on equity of 35.00% and a net margin of 32.23%.The business had revenue of $102.35 billion during the quarter, compared to analyst estimates of $99.90 billion. Analysts expect that Alphabet Inc. will post 8.9 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Hsbc Global Res raised Alphabet to a “strong-buy” rating in a report on Tuesday, October 7th. DZ Bank reaffirmed a “buy” rating on shares of Alphabet in a research note on Thursday, November 20th. Evercore ISI increased their target price on Alphabet from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Thursday, October 30th. KeyCorp reissued an “overweight” rating and issued a $300.00 price target (up previously from $265.00) on shares of Alphabet in a report on Monday, October 27th. Finally, Truist Financial set a $350.00 price objective on shares of Alphabet and gave the company a “buy” rating in a report on Friday, December 5th. Three investment analysts have rated the stock with a Strong Buy rating, forty-two have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $330.94.

Read Our Latest Stock Analysis on Alphabet

Key Alphabet News

Here are the key news stories impacting Alphabet this week:

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O’toole sold 2,778 shares of the stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $312.30, for a total transaction of $867,569.40. Following the transaction, the chief accounting officer owned 8,962 shares of the company’s stock, valued at approximately $2,798,832.60. This represents a 23.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $337.52, for a total transaction of $202,512.00. Following the completion of the transaction, the director directly owned 21,224 shares of the company’s stock, valued at approximately $7,163,524.48. The trade was a 2.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 189,909 shares of company stock worth $57,927,282 in the last three months. Company insiders own 11.64% of the company’s stock.

Alphabet Profile

(Free Report)

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google’s core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google’s consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

Further Reading

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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