Eagle Capital Management LLC Has $5.09 Million Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Eagle Capital Management LLC grew its position in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1,897.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 53,204 shares of the information services provider’s stock after acquiring an additional 50,540 shares during the quarter. Alphabet accounts for 0.0% of Eagle Capital Management LLC’s holdings, making the stock its 15th biggest position. Eagle Capital Management LLC’s holdings in Alphabet were worth $5,089,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Alphabet by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 23,304,411 shares of the information services provider’s stock worth $64,817,723,000 after acquiring an additional 331,945 shares during the last quarter. Fiera Capital Corp raised its stake in shares of Alphabet by 1,957.3% during the 2nd quarter. Fiera Capital Corp now owns 17,857,280 shares of the information services provider’s stock worth $1,945,783,000 after purchasing an additional 16,989,271 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of Alphabet by 1,876.5% during the 3rd quarter. Mackenzie Financial Corp now owns 7,170,066 shares of the information services provider’s stock worth $685,817,000 after purchasing an additional 6,807,300 shares in the last quarter. Bishop Rock Capital L.P. raised its stake in shares of Alphabet by 95,776.8% during the 2nd quarter. Bishop Rock Capital L.P. now owns 5,500,452 shares of the information services provider’s stock worth $2,524,000 after purchasing an additional 5,494,715 shares in the last quarter. Finally, DNB Asset Management AS raised its stake in shares of Alphabet by 1,708.1% during the 3rd quarter. DNB Asset Management AS now owns 4,682,517 shares of the information services provider’s stock worth $447,883,000 after purchasing an additional 4,423,547 shares in the last quarter. Institutional investors and hedge funds own 34.06% of the company’s stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 855 shares of the stock in a transaction dated Thursday, December 1st. The stock was sold at an average price of $101.13, for a total value of $86,466.15. Following the completion of the transaction, the chief accounting officer now directly owns 24,908 shares in the company, valued at $2,518,946.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 855 shares of the stock in a transaction dated Thursday, December 1st. The stock was sold at an average price of $101.13, for a total value of $86,466.15. Following the completion of the transaction, the chief accounting officer now directly owns 24,908 shares in the company, valued at $2,518,946.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder 2021 Gp L.L.C. Gv acquired 182,312 shares of the stock in a transaction dated Wednesday, November 9th. The shares were bought at an average price of $34.60 per share, with a total value of $6,307,995.20. Following the completion of the transaction, the insider now directly owns 1,294,527 shares of the company’s stock, valued at $44,790,634.20. The disclosure for this purchase can be found here. Over the last three months, insiders bought 661,702 shares of company stock worth $23,399,217 and sold 190,464 shares worth $8,535,735. Corporate insiders own 11.44% of the company’s stock.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $97.70 on Wednesday. The stock’s 50-day simple moving average is $93.10 and its 200 day simple moving average is $101.38. The firm has a market capitalization of $1.26 trillion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 1.72 and a beta of 1.09. The company has a quick ratio of 2.47, a current ratio of 2.52 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a twelve month low of $83.34 and a twelve month high of $151.55.

Alphabet (NASDAQ:GOOGL – Get Rating) last posted its earnings results on Tuesday, October 25th. The information services provider reported $1.06 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.19). The firm had revenue of $57.27 billion during the quarter, compared to the consensus estimate of $58.36 billion. Alphabet had a net margin of 23.75% and a return on equity of 26.41%. During the same quarter in the prior year, the business posted $1.40 earnings per share. On average, analysts anticipate that Alphabet Inc. will post 4.68 EPS for the current fiscal year.

Analyst Ratings Changes

GOOGL has been the topic of a number of analyst reports. KeyCorp dropped their price objective on Alphabet from $125.00 to $120.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 25th. New Street Research began coverage on Alphabet in a research note on Wednesday, January 4th. They set a “buy” rating and a $118.00 price objective on the stock. JMP Securities dropped their price target on Alphabet from $145.00 to $132.00 in a research note on Wednesday, November 23rd. Mizuho dropped their price target on Alphabet from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Wednesday, November 30th. Finally, Atlantic Securities dropped their price target on Alphabet to $115.00 in a research note on Thursday, October 27th. Five analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and an average price target of $132.13.

Alphabet Company Profile

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Alphabet, Inc is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube.