Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Oak Harvest Investment Services

Oak Harvest Investment Services increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 6.7% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 3,243 shares of the information services provider’s stock after acquiring an additional 205 shares during the period. Alphabet makes up approximately 2.2% of Oak Harvest Investment Services’ holdings, making the stock its 6th largest holding. Oak Harvest Investment Services’ holdings in Alphabet were worth $9,019,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GOOGL. Bay Rivers Group increased its position in shares of Alphabet by 5.9% during the first quarter. Bay Rivers Group now owns 1,418 shares of the information services provider’s stock worth $3,944,000 after acquiring an additional 79 shares during the last quarter. Pinnacle Wealth Management Group Inc. grew its stake in Alphabet by 2.6% during the 1st quarter. Pinnacle Wealth Management Group Inc. now owns 390 shares of the information services provider’s stock valued at $1,085,000 after purchasing an additional 10 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in Alphabet by 4.8% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 40,211 shares of the information services provider’s stock worth $111,841,000 after purchasing an additional 1,857 shares during the last quarter. Landmark Wealth Management LLC purchased a new stake in Alphabet during the 1st quarter worth approximately $312,000. Finally, Pittenger & Anderson Inc. raised its position in shares of Alphabet by 2.3% in the 1st quarter. Pittenger & Anderson Inc. now owns 11,591 shares of the information services provider’s stock valued at $32,239,000 after purchasing an additional 263 shares in the last quarter. Hedge funds and other institutional investors own 41.70% of the company’s stock.

Alphabet Stock Performance

GOOGL stock opened at $117.47 on Friday. The company has a quick ratio of 2.78, a current ratio of 2.81 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $1.55 trillion, a price-to-earnings ratio of 21.85, a P/E/G ratio of 1.91 and a beta of 1.08. Alphabet Inc. has a 12 month low of $101.88 and a 12 month high of $151.55. The firm has a 50 day moving average of $155.27 and a two-hundred day moving average of $137.96.

Alphabet (NASDAQ:GOOGLGet Rating) last posted its earnings results on Tuesday, July 26th. The information services provider reported $1.21 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.11). Alphabet had a return on equity of 28.65% and a net margin of 25.89%. During the same quarter in the prior year, the company earned $27.26 earnings per share. As a group, equities analysts anticipate that Alphabet Inc. will post 5.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GOOGL has been the topic of several recent analyst reports. Credit Suisse Group cut their price target on shares of Alphabet from $143.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, July 27th. Ita├║ Unibanco began coverage on shares of Alphabet in a research report on Tuesday, July 26th. They set a “market perform” rating and a $113.00 price target on the stock. Moffett Nathanson decreased their price target on Alphabet to $132.50 in a research note on Thursday, May 26th. Monness Crespi & Hardt cut their price objective on Alphabet to $145.00 in a research note on Tuesday, July 5th. Finally, JMP Securities decreased their target price on Alphabet from $165.00 to $160.00 and set a “market outperform” rating for the company in a research report on Thursday, June 30th. Five investment analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $147.36.

Insiders Place Their Bets

In related news, insider John Kent Walker sold 34,799 shares of the company’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $118.25, for a total transaction of $4,114,981.75. Following the completion of the sale, the insider now directly owns 18,484 shares of the company’s stock, valued at approximately $2,185,733. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider John Kent Walker sold 34,799 shares of the company’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $118.25, for a total transaction of $4,114,981.75. Following the completion of the sale, the insider now directly owns 18,484 shares of the company’s stock, valued at approximately $2,185,733. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder 2021 Gp L.L.C. Gv acquired 13,528 shares of the firm’s stock in a transaction that occurred on Tuesday, May 24th. The shares were purchased at an average cost of $33.72 per share, with a total value of $456,164.16. Following the completion of the acquisition, the insider now owns 593,402 shares in the company, valued at approximately $20,009,515.44. The disclosure for this purchase can be found here. Insiders sold 42,383 shares of company stock valued at $15,761,666 over the last ninety days. Corporate insiders own 11.44% of the company’s stock.

Alphabet Company Profile

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Alphabet Inc provides 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 offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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