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

Oak Harvest Investment Services increased its position in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 6.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,243 shares of the information services provider’s stock after acquiring an additional 205 shares during the period. Alphabet comprises 2.2% of Oak Harvest Investment Services’ investment portfolio, making the stock its 6th biggest position. Oak Harvest Investment Services’ holdings in Alphabet were worth $9,019,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GOOGL. Summit Financial Strategies Inc. boosted its stake in Alphabet by 1.3% in the fourth quarter. Summit Financial Strategies Inc. now owns 322 shares of the information services provider’s stock valued at $933,000 after acquiring an additional 4 shares in the last quarter. Palisades Hudson Asset Management L.P. lifted its holdings in shares of Alphabet by 1.1% in the 4th quarter. Palisades Hudson Asset Management L.P. now owns 361 shares of the information services provider’s stock valued at $1,046,000 after purchasing an additional 4 shares during the last quarter. AFT Forsyth & Company Inc. boosted its position in shares of Alphabet by 0.3% in the 4th quarter. AFT Forsyth & Company Inc. now owns 1,183 shares of the information services provider’s stock valued at $3,427,000 after purchasing an additional 4 shares during the period. Bay Harbor Wealth Management LLC grew its stake in Alphabet by 6.8% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 63 shares of the information services provider’s stock worth $175,000 after buying an additional 4 shares during the last quarter. Finally, Midwest Professional Planners LTD. increased its position in Alphabet by 2.3% during the fourth quarter. Midwest Professional Planners LTD. now owns 180 shares of the information services provider’s stock worth $521,000 after buying an additional 4 shares during the period. 41.70% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Stock Down 0.6 %

Shares of NASDAQ GOOGL opened at $117.47 on Friday. The firm’s 50-day moving average is $155.27 and its two-hundred day moving average is $137.96. The company has a market capitalization of $1.55 trillion, a PE ratio of 21.85, a price-to-earnings-growth 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 company has a debt-to-equity ratio of 0.06, a current ratio of 2.81 and a quick ratio of 2.78.

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

Insider Buying and Selling at Alphabet

In other news, Director Ann Mather sold 20 shares of the business’s stock in a transaction that occurred on Monday, June 27th. The shares were sold at an average price of $2,383.32, for a total value of $47,666.40. Following the completion of the transaction, the director now owns 565 shares of the company’s stock, valued at $1,346,575.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Ann Mather sold 20 shares of Alphabet stock in a transaction on Monday, June 27th. The stock was sold at an average price of $2,383.32, for a total value of $47,666.40. Following the completion of the sale, the director now owns 565 shares of the company’s stock, valued at $1,346,575.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 value of $4,114,981.75. Following the completion of the transaction, the insider now owns 18,484 shares of the company’s stock, valued at $2,185,733. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 42,383 shares of company stock worth $15,761,666. Corporate insiders own 11.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on GOOGL shares. Exane BNP Paribas lowered shares of Alphabet from an “outperform” rating to a “neutral” rating in a research report on Wednesday, July 20th. Wells Fargo & Company lowered their price objective on shares of Alphabet from $170.00 to $160.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 27th. Canaccord Genuity Group reduced their target price on shares of Alphabet from $175.00 to $165.00 and set a “buy” rating for the company in a report on Wednesday, April 27th. Jefferies Financial Group lowered their price target on Alphabet from $155.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, July 27th. Finally, BNP Paribas downgraded Alphabet from an “outperform” rating to a “neutral” rating and set a $118.00 price objective for the company. in a research note on Wednesday, July 20th. Five investment analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and an average target price of $147.36.

Alphabet 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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