Lionstone Capital Management LLC Purchases 718 Shares of Alphabet Inc. (NASDAQ:GOOG)

Lionstone Capital Management LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOGGet Rating) by 5.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,964 shares of the information services provider’s stock after buying an additional 718 shares during the quarter. Alphabet comprises about 11.6% of Lionstone Capital Management LLC’s portfolio, making the stock its 2nd biggest position. Lionstone Capital Management LLC’s holdings in Alphabet were worth $39,001,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Wedgewood Partners Inc. increased its holdings in Alphabet by 6.2% during the 1st quarter. Wedgewood Partners Inc. now owns 3,990 shares of the information services provider’s stock worth $11,144,000 after purchasing an additional 232 shares in the last quarter. Fortis Advisors LLC increased its holdings in Alphabet by 9.3% during the 1st quarter. Fortis Advisors LLC now owns 611 shares of the information services provider’s stock worth $1,707,000 after purchasing an additional 52 shares in the last quarter. PFS Investments Inc. increased its holdings in Alphabet by 51.9% during the 1st quarter. PFS Investments Inc. now owns 281 shares of the information services provider’s stock worth $785,000 after purchasing an additional 96 shares in the last quarter. Saber Capital Managment LLC bought a new stake in Alphabet during the 1st quarter worth approximately $600,000. Finally, Fullerton Fund Management Co Ltd. increased its holdings in Alphabet by 87.6% during the 1st quarter. Fullerton Fund Management Co Ltd. now owns 17,680 shares of the information services provider’s stock worth $49,380,000 after purchasing an additional 8,256 shares in the last quarter. 1.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on GOOG shares. Piper Sandler decreased their price objective on Alphabet from $139.00 to $135.00 and set an “overweight” rating for the company in a report on Wednesday, July 27th. MKM Partners decreased their price objective on Alphabet from $165.00 to $140.00 and set a “buy” rating for the company in a report on Monday, July 18th. Evercore ISI decreased their price objective on Alphabet from $165.00 to $155.50 and set an “outperform” rating for the company in a report on Thursday, July 7th. Barclays set a $150.00 price objective on Alphabet in a report on Thursday. Finally, Citigroup reduced their target price on Alphabet from $158.75 to $145.00 and set a “buy” rating for the company in a report on Thursday, July 14th. One analyst has rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, Alphabet has an average rating of “Moderate Buy” and a consensus target price of $158.05.

Alphabet Price Performance

Alphabet stock opened at $111.78 on Friday. Alphabet Inc. has a 12 month low of $102.21 and a 12 month high of $152.10. The company has a current ratio of 2.81, a quick ratio of 2.78 and a debt-to-equity ratio of 0.06. The business’s 50 day simple moving average is $114.47 and its 200 day simple moving average is $120.25. The company has a market cap of $1.46 trillion, a price-to-earnings ratio of 20.80, a PEG ratio of 1.79 and a beta of 1.08.

Alphabet (NASDAQ:GOOGGet Rating) last posted its quarterly earnings data on Tuesday, July 26th. The information services provider reported $1.21 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.06). Alphabet had a net margin of 25.89% and a return on equity of 28.65%. The firm had revenue of $57.47 billion during the quarter, compared to analysts’ expectations of $57.55 billion. During the same quarter in the previous year, the company posted $27.26 EPS. Sell-side analysts forecast that Alphabet Inc. will post 5.2 EPS for the current year.

Insiders Place Their Bets

In other Alphabet news, Director Ann Mather sold 280 shares of the stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $115.15, for a total transaction of $32,242.00. Following the sale, the director now owns 11,420 shares in the company, valued at $1,315,013. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Alphabet news, Director Ann Mather sold 280 shares of the stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $115.15, for a total transaction of $32,242.00. Following the sale, the director now owns 11,420 shares in the company, valued at $1,315,013. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 42 shares of the stock in a transaction on Friday, July 1st. The stock was sold at an average price of $2,166.74, for a total value of $91,003.08. Following the sale, the chief accounting officer now owns 1,192 shares in the company, valued at approximately $2,582,754.08. The disclosure for this sale can be found here. Insiders have sold a total of 43,036 shares of company stock worth $15,564,998 over the last 90 days. Corporate insiders own 12.99% 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.

See Also

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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