Alphabet Inc. (NASDAQ:GOOGL) Shares Acquired by Charter Oak Capital Management LLC

Charter Oak Capital Management LLC grew its stake in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1,786.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,773 shares of the information services provider’s stock after purchasing an additional 2,626 shares during the quarter. Charter Oak Capital Management LLC’s holdings in Alphabet were worth $265,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Spreng Capital Management Inc. boosted its holdings in shares of Alphabet by 4.0% in the first quarter. Spreng Capital Management Inc. now owns 131 shares of the information services provider’s stock valued at $364,000 after acquiring an additional 5 shares in the last quarter. West Family Investments Inc. lifted its stake in Alphabet by 0.3% during the first quarter. West Family Investments Inc. now owns 1,754 shares of the information services provider’s stock valued at $4,878,000 after purchasing an additional 6 shares during the last quarter. Maple Capital Management Inc. lifted its stake in Alphabet by 2.1% during the first quarter. Maple Capital Management Inc. now owns 296 shares of the information services provider’s stock valued at $823,000 after purchasing an additional 6 shares during the last quarter. Private Advisory Group LLC lifted its stake in Alphabet by 1.8% during the first quarter. Private Advisory Group LLC now owns 401 shares of the information services provider’s stock valued at $1,115,000 after purchasing an additional 7 shares during the last quarter. Finally, Weik Capital Management lifted its stake in Alphabet by 0.5% during the first quarter. Weik Capital Management now owns 1,533 shares of the information services provider’s stock valued at $4,264,000 after purchasing an additional 8 shares during the last quarter. Institutional investors and hedge funds own 34.06% of the company’s stock.

Alphabet Stock Performance

NASDAQ:GOOGL opened at $100.32 on Friday. Alphabet Inc. has a 1 year low of $83.34 and a 1 year high of $143.79. The firm’s fifty day simple moving average is $94.79 and its 200 day simple moving average is $96.32. The company has a current ratio of 2.38, a quick ratio of 2.34 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $1.28 trillion, a PE ratio of 22.04, a PEG ratio of 1.26 and a beta of 1.09.

Alphabet (NASDAQ:GOOGL – Get Rating) last posted its earnings results on Thursday, February 2nd. The information services provider reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.09). Alphabet had a net margin of 21.20% and a return on equity of 23.54%. The firm had revenue of $76.05 billion during the quarter, compared to analyst estimates of $63.15 billion. During the same quarter in the previous year, the business posted $1.53 earnings per share. On average, sell-side analysts anticipate that Alphabet Inc. will post 5.12 EPS for the current year.

Insider Activity at Alphabet

In related news, insider John Kent Walker sold 11,313 shares of the firm’s stock in a transaction on Monday, January 23rd. The shares were sold at an average price of $100.00, for a total value of $1,131,300.00. Following the transaction, the insider now directly owns 41,970 shares in the company, valued at approximately $4,197,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Alphabet news, insider John Kent Walker sold 11,313 shares of the stock in a transaction on Monday, January 23rd. The shares were sold at an average price of $100.00, for a total value of $1,131,300.00. Following the completion of the sale, the insider now directly owns 41,970 shares of the company’s stock, valued at approximately $4,197,000. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Kavitark Ram Shriram sold 37,500 shares of the stock in a transaction on Thursday, March 16th. The shares were sold at an average price of $100.00, for a total transaction of $3,750,000.00. Following the completion of the sale, the director now directly owns 144,740 shares of the company’s stock, valued at $14,474,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 74,245 shares of company stock worth $7,174,078. 11.44% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Jefferies Financial Group reissued a “buy” rating and set a $130.00 target price on shares of Alphabet in a research note on Friday, February 10th. StockNews.com assumed coverage on shares of Alphabet in a research note on Thursday. They set a “hold” rating for the company. Credit Suisse Group cut their target price on shares of Alphabet from $145.00 to $136.00 and set an “outperform” rating for the company in a research note on Friday, February 3rd. Truist Financial cut their target price on shares of Alphabet from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, February 3rd. Finally, Rosenblatt Securities cut their target price on shares of Alphabet from $130.00 to $128.00 and set a “buy” rating for the company in a research note on Friday, February 3rd. Five research analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and a consensus price target of $132.32.

Alphabet Company Profile

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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.