Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by F&V Capital Management LLC

F&V Capital Management LLC increased its position in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 1,888.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,105 shares of the information services provider’s stock after purchasing an additional 78,925 shares during the period. Alphabet accounts for approximately 3.1% of F&V Capital Management LLC’s portfolio, making the stock its 16th largest position. F&V Capital Management LLC’s holdings in Alphabet were worth $7,949,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Financial Enhancement Group LLC acquired a new position in shares of Alphabet during the first quarter worth $31,000. Horizons Wealth Management purchased a new stake in Alphabet in the second quarter valued at $33,000. Schubert & Co lifted its position in Alphabet by 1,200.0% in the third quarter. Schubert & Co now owns 364 shares of the information services provider’s stock valued at $35,000 after acquiring an additional 336 shares during the last quarter. Carolina Wealth Advisors LLC lifted its position in Alphabet by 1,900.0% in the third quarter. Carolina Wealth Advisors LLC now owns 400 shares of the information services provider’s stock valued at $38,000 after acquiring an additional 380 shares during the last quarter. Finally, Advocacy Wealth Management Services LLC lifted its position in Alphabet by 72.7% in the second quarter. Advocacy Wealth Management Services LLC now owns 19 shares of the information services provider’s stock valued at $41,000 after acquiring an additional 8 shares during the last quarter. Institutional investors and hedge funds own 34.06% of the company’s stock.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 855 shares of the business’s stock in a transaction on Wednesday, November 2nd. The stock was sold at an average price of $90.85, for a total value of $77,676.75. Following the completion of the transaction, the chief accounting officer now directly owns 24,694 shares in the company, valued at approximately $2,243,449.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Alphabet news, major shareholder 2017 Gp L.L.C. Gv sold 107,393 shares of the business’s stock in a transaction on Monday, October 31st. The stock was sold at an average price of $38.64, for a total value of $4,149,665.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 855 shares of the business’s stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $90.85, for a total value of $77,676.75. Following the completion of the transaction, the chief accounting officer now owns 24,694 shares of the company’s stock, valued at $2,243,449.90. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 1,461,702 shares of company stock worth $36,999,217 and sold 190,744 shares worth $8,564,640. Insiders own 11.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on GOOGL shares. StockNews.com started coverage on shares of Alphabet in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Tigress Financial reduced their price target on shares of Alphabet from $186.00 to $160.00 and set a “strong-buy” rating for the company in a research report on Friday, January 6th. MKM Partners reduced their price target on shares of Alphabet from $140.00 to $134.00 and set a “buy” rating for the company in a research report on Wednesday, October 19th. Morgan Stanley reduced their price target on shares of Alphabet from $125.00 to $120.00 and set an “overweight” rating for the company in a research report on Tuesday, November 15th. Finally, Sanford C. Bernstein reduced their target price on shares of Alphabet from $130.00 to $120.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Five analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $132.00.

Alphabet Trading Up 3.5 %

Shares of Alphabet stock opened at $91.52 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.52 and a quick ratio of 2.47. Alphabet Inc. has a 1 year low of $83.34 and a 1 year high of $151.55. The company has a market capitalization of $1.18 trillion, a P/E ratio of 18.17, a P/E/G ratio of 1.53 and a beta of 1.09. The business has a 50 day moving average price of $92.56 and a 200 day moving average price of $102.52.

Alphabet (NASDAQ:GOOGLGet Rating) last issued its quarterly earnings data on Tuesday, October 25th. The information services provider reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.25 by ($0.19). Alphabet had a return on equity of 26.41% and a net margin of 23.75%. The company had revenue of $57.27 billion for the quarter, compared to analyst estimates of $58.36 billion. During the same quarter in the prior year, the firm earned $1.40 earnings per share. Sell-side analysts anticipate that Alphabet Inc. will post 4.68 EPS for the current fiscal year.

Alphabet Company Profile

(Get Rating)

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

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGLGet Rating).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.