CGC Financial Services LLC Purchases 750 Shares of Alphabet Inc. (NASDAQ:GOOGL)

CGC Financial Services LLC raised its position in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 7,500.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 760 shares of the information services provider’s stock after purchasing an additional 750 shares during the quarter. CGC Financial Services LLC’s holdings in Alphabet were worth $106,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in GOOGL. Live Oak Investment Partners bought a new stake in shares of Alphabet during the 4th quarter valued at about $26,000. VitalStone Financial LLC grew its stake in shares of Alphabet by 1,900.0% during the 2nd quarter. VitalStone Financial LLC now owns 280 shares of the information services provider’s stock valued at $34,000 after acquiring an additional 266 shares during the period. Sanctuary Wealth Management L.L.C. bought a new position in shares of Alphabet during the 4th quarter valued at approximately $34,000. Turim 21 Investimentos Ltda. bought a new position in shares of Alphabet during the 3rd quarter valued at approximately $38,000. Finally, Meritage Group LP grew its stake in shares of Alphabet by 1,061.5% during the 3rd quarter. Meritage Group LP now owns 302 shares of the information services provider’s stock valued at $40,000 after acquiring an additional 276 shares during the period. 35.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GOOGL has been the subject of a number of recent research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $155.00 price objective on shares of Alphabet in a research note on Wednesday, January 31st. Barclays cut their price objective on Alphabet from $180.00 to $173.00 and set an “overweight” rating for the company in a research note on Wednesday, January 31st. Wolfe Research boosted their price objective on Alphabet from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Redburn Atlantic boosted their price target on Alphabet from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Finally, StockNews.com raised Alphabet from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 20th. Five research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and a consensus target price of $155.48.

Read Our Latest Research Report on Alphabet

Alphabet Stock Performance

NASDAQ:GOOGL opened at $150.77 on Friday. The stock’s fifty day moving average is $143.02 and its 200 day moving average is $137.79. Alphabet Inc. has a fifty-two week low of $99.74 and a fifty-two week high of $153.78. The firm has a market capitalization of $1.87 trillion, a PE ratio of 25.99, a PEG ratio of 1.36 and a beta of 1.04. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10.

Alphabet (NASDAQ:GOOGLGet Free Report) last released its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The company had revenue of $86.31 billion for the quarter, compared to analyst estimates of $70.77 billion. During the same quarter in the prior year, the firm posted $1.05 EPS. On average, sell-side analysts anticipate that Alphabet Inc. will post 6.77 earnings per share for the current year.

Insider Activity at Alphabet

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $140.11, for a total value of $3,152,475.00. Following the transaction, the chief executive officer now owns 2,422,691 shares of the company’s stock, valued at approximately $339,443,236.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Alphabet news, CAO Amie Thuener O’toole sold 425 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $139.61, for a total value of $59,334.25. Following the transaction, the chief accounting officer now owns 27,259 shares of the company’s stock, valued at approximately $3,805,628.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $140.11, for a total value of $3,152,475.00. Following the completion of the transaction, the chief executive officer now directly owns 2,422,691 shares in the company, valued at approximately $339,443,236.01. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 279,659 shares of company stock worth $39,460,310. Company insiders own 0.88% of the company’s stock.

About Alphabet

(Free Report)

Alphabet Inc offers 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 provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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