Capital Advisors Inc. OK Increases Stake in Alphabet Inc. (NASDAQ:GOOG)

Capital Advisors Inc. OK lifted its holdings in Alphabet Inc. (NASDAQ:GOOG) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 637,512 shares of the information services provider’s stock after purchasing an additional 9,412 shares during the quarter. Alphabet accounts for approximately 2.0% of Capital Advisors Inc. OK’s investment portfolio, making the stock its 7th biggest holding. Capital Advisors Inc. OK’s holdings in Alphabet were worth $89,845,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Simplicity Wealth LLC acquired a new position in Alphabet during the fourth quarter worth $612,000. Outlook Wealth Advisors LLC acquired a new position in shares of Alphabet in the fourth quarter valued at $300,000. Louisiana State Employees Retirement System acquired a new position in shares of Alphabet in the fourth quarter valued at $67,266,000. MV Capital Management Inc. increased its holdings in shares of Alphabet by 1.9% in the fourth quarter. MV Capital Management Inc. now owns 16,985 shares of the information services provider’s stock valued at $2,394,000 after purchasing an additional 317 shares during the last quarter. Finally, Graypoint LLC increased its holdings in shares of Alphabet by 4.6% in the fourth quarter. Graypoint LLC now owns 50,158 shares of the information services provider’s stock valued at $7,069,000 after purchasing an additional 2,212 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on GOOG. Susquehanna upped their price objective on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. Morgan Stanley reiterated an “overweight” rating and issued a $165.00 price objective on shares of Alphabet in a report on Thursday, April 11th. Oppenheimer upped their price objective on shares of Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Finally, Raymond James boosted their target price on shares of Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Alphabet presently has an average rating of “Buy” and a consensus price target of $157.50.

Alphabet Stock Down 1.8 %

Shares of NASDAQ GOOG opened at $156.33 on Tuesday. The company has a 50 day simple moving average of $146.73 and a 200 day simple moving average of $141.34. The firm has a market cap of $1.94 trillion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 1.47 and a beta of 1.05. Alphabet Inc. has a 1 year low of $103.27 and a 1 year high of $161.70. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The business had revenue of $86.31 billion during the quarter, compared to analyst estimates of $85.28 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter last year, the business earned $1.05 EPS. On average, research analysts forecast that Alphabet Inc. will post 6.78 EPS for the current year.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 660 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total transaction of $94,769.40. Following the completion of the transaction, the chief accounting officer now owns 27,920 shares in the company, valued at approximately $4,009,032.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director John L. Hennessy sold 800 shares of Alphabet stock in a transaction on Friday, April 12th. The shares were sold at an average price of $159.56, for a total value of $127,648.00. Following the completion of the sale, the director now owns 7,991 shares in the company, valued at approximately $1,275,043.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 660 shares of Alphabet stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total transaction of $94,769.40. Following the completion of the sale, the chief accounting officer now owns 27,920 shares of the company’s stock, valued at approximately $4,009,032.80. The disclosure for this sale can be found here. Insiders sold a total of 251,339 shares of company stock worth $36,033,907 in the last quarter. 12.99% of the stock is owned by insiders.

Alphabet Company Profile

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.