Campbell Capital Management Inc. Has $17.12 Million Holdings in Alphabet Inc. (NASDAQ:GOOG)


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Campbell Capital Management Inc. reduced its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,802 shares of the information services provider’s stock after selling 195 shares during the quarter. Alphabet makes up about 8.4% of Campbell Capital Management Inc.’s holdings, making the stock its 2nd biggest holding. Campbell Capital Management Inc.’s holdings in Alphabet were worth $17,120,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Cubist Systematic Strategies LLC bought a new stake in Alphabet during the 2nd quarter worth approximately $859,000. WFA of San Diego LLC purchased a new position in Alphabet during the second quarter worth $368,000. Elevated Capital Advisors LLC purchased a new position in Alphabet during the second quarter worth $981,000. Schonfeld Strategic Advisors LLC boosted its stake in Alphabet by 1,689.8% during the second quarter. Schonfeld Strategic Advisors LLC now owns 5,781 shares of the information services provider’s stock worth $8,172,000 after buying an additional 5,458 shares during the period. Finally, Atria Investments LLC boosted its stake in Alphabet by 2.9% during the second quarter. Atria Investments LLC now owns 9,832 shares of the information services provider’s stock worth $13,899,000 after buying an additional 280 shares during the period. Institutional investors own 29.94% of the company’s stock.

Shares of NASDAQ GOOG opened at $1,754.40 on Thursday. The business’s 50 day moving average price is $1,770.41 and its 200 day moving average price is $1,613.69. The firm has a market cap of $1.19 trillion, a P/E ratio of 33.90, a P/E/G ratio of 2.04 and a beta of 0.98. Alphabet Inc. has a 52 week low of $1,013.54 and a 52 week high of $1,847.20. The company has a quick ratio of 3.39, a current ratio of 3.41 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Tuesday, November 3rd. The information services provider reported $16.40 EPS for the quarter, beating the Zacks’ consensus estimate of $11.35 by $5.05. Alphabet had a return on equity of 17.31% and a net margin of 20.80%. The firm had revenue of $46.17 billion for the quarter, compared to analyst estimates of $42.84 billion. During the same quarter in the prior year, the firm earned $10.12 earnings per share. Alphabet’s revenue for the quarter was up 14.0% on a year-over-year basis. As a group, research analysts expect that Alphabet Inc. will post 51.54 earnings per share for the current year.

GOOG has been the subject of several recent analyst reports. Canaccord Genuity lifted their price objective on shares of Alphabet from $1,800.00 to $1,900.00 and gave the stock a “buy” rating in a research note on Monday, November 2nd. Robert W. Baird lifted their target price on Alphabet from $1,675.00 to $1,725.00 in a research report on Friday, October 30th. Cleveland Research upgraded Alphabet to a “buy” rating in a research report on Friday, October 23rd. Credit Suisse Group reiterated an “outperform” rating and set a $1,950.00 target price (up from $1,850.00) on shares of Alphabet in a research report on Friday, October 30th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Alphabet in a research report on Wednesday, December 16th. Three research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $1,843.00.

In other news, Director Ann Mather sold 20 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $1,628.16, for a total transaction of $32,563.20. Following the completion of the transaction, the director now directly owns 1,139 shares of the company’s stock, valued at approximately $1,854,474.24. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Philipp Schindler sold 1,385 shares of the company’s stock in a transaction that occurred on Wednesday, December 30th. The stock was sold at an average price of $1,762.01, for a total value of $2,440,383.85. Following the transaction, the senior vice president now directly owns 19,950 shares of the company’s stock, valued at $35,152,099.50. The disclosure for this sale can be found here. Insiders sold 1,564 shares of company stock valued at $2,756,038 over the last three months. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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