One Capital Management LLC Buys 102,810 Shares of Alphabet Inc. (NASDAQ:GOOG)

One Capital Management LLC raised its stake in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 2,064.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 107,789 shares of the information services provider’s stock after buying an additional 102,810 shares during the period. One Capital Management LLC’s holdings in Alphabet were worth $10,363,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. OLD Second National Bank of Aurora grew its position in shares of Alphabet by 1,900.0% in the 3rd quarter. OLD Second National Bank of Aurora now owns 260 shares of the information services provider’s stock valued at $25,000 after buying an additional 247 shares during the last quarter. Westchester Capital Management Inc. grew its position in shares of Alphabet by 1,900.0% in the 3rd quarter. Westchester Capital Management Inc. now owns 260 shares of the information services provider’s stock valued at $25,000 after buying an additional 247 shares during the last quarter. Carolina Wealth Advisors LLC grew its position in shares of Alphabet by 1,900.0% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 300 shares of the information services provider’s stock valued at $29,000 after buying an additional 285 shares during the last quarter. Saban Cheryl grew its position in shares of Alphabet by 1,900.0% in the 3rd quarter. Saban Cheryl now owns 200 shares of the information services provider’s stock valued at $29,000 after buying an additional 190 shares during the last quarter. Finally, NewSquare Capital LLC grew its position in shares of Alphabet by 1,900.0% in the 3rd quarter. NewSquare Capital LLC now owns 320 shares of the information services provider’s stock valued at $31,000 after buying an additional 304 shares during the last quarter. Institutional investors own 28.69% of the company’s stock.

Alphabet Stock Performance

Shares of Alphabet stock opened at $92.31 on Friday. The company has a market cap of $1.18 trillion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 1.25 and a beta of 1.09. Alphabet Inc. has a 52 week low of $83.45 and a 52 week high of $144.16. The business has a 50 day moving average price of $94.21 and a 200-day moving average price of $98.49. The company has a quick ratio of 2.34, a current ratio of 2.38 and a debt-to-equity ratio of 0.06.

Alphabet (NASDAQ:GOOG – Get Rating) last issued its quarterly earnings data on Thursday, February 2nd. The information services provider reported $1.05 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.09). The company had revenue of $76.05 billion during the quarter, compared to analysts’ expectations of $76.49 billion. Alphabet had a return on equity of 23.54% and a net margin of 21.20%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the company earned $1.53 earnings per share. Equities analysts anticipate that Alphabet Inc. will post 5.12 earnings per share for the current fiscal year.

Insider Transactions at Alphabet

In related news, Director Ann Mather sold 340 shares of the stock in a transaction that occurred on Wednesday, January 25th. The stock was sold at an average price of $96.92, for a total transaction of $32,952.80. Following the completion of the sale, the director now directly owns 11,300 shares of the company’s stock, valued at $1,095,196. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Prabhakar Raghavan sold 22,203 shares of the stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $89.75, for a total transaction of $1,992,719.25. Following the completion of the sale, the senior vice president now directly owns 76,579 shares of the company’s stock, valued at $6,872,965.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ann Mather sold 340 shares of the stock in a transaction that occurred on Wednesday, January 25th. The shares were sold at an average price of $96.92, for a total value of $32,952.80. Following the sale, the director now directly owns 11,300 shares of the company’s stock, valued at $1,095,196. The disclosure for this sale can be found here. Insiders sold a total of 36,745 shares of company stock valued at $3,424,078 over the last ninety days. 12.99% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on GOOG shares. Roth Capital restated a “buy” rating on shares of Alphabet in a research report on Friday, February 3rd. Piper Sandler cut their target price on Alphabet from $122.00 to $120.00 and set an “overweight” rating on the stock in a research report on Friday, February 3rd. Societe Generale cut their target price on Alphabet from $147.00 to $132.00 and set a “buy” rating on the stock in a research report on Wednesday, November 30th. Bank of America upped their target price on Alphabet from $116.00 to $119.00 and gave the company a “buy” rating in a research report on Tuesday, January 31st. Finally, Sanford C. Bernstein set a $130.00 target price on Alphabet in a research report on Monday, February 6th. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $137.13.

About Alphabet

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Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.