Next Capital Management LLC Grows Holdings in Alphabet Inc. (NASDAQ:GOOG)

Next Capital Management LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOGFree Report) by 40.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,323 shares of the information services provider’s stock after acquiring an additional 1,248 shares during the period. Next Capital Management LLC’s holdings in Alphabet were worth $609,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Financial Advisors Network Inc. boosted its stake in Alphabet by 4.5% in the first quarter. Financial Advisors Network Inc. now owns 161 shares of the information services provider’s stock worth $450,000 after purchasing an additional 7 shares in the last quarter. Turim 21 Investimentos Ltda. lifted its stake in shares of Alphabet by 10.8% during the first quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock valued at $229,000 after acquiring an additional 8 shares during the period. West Michigan Advisors LLC lifted its stake in shares of Alphabet by 3.7% during the first quarter. West Michigan Advisors LLC now owns 252 shares of the information services provider’s stock valued at $704,000 after acquiring an additional 9 shares during the period. Somerville Kurt F lifted its stake in shares of Alphabet by 10.3% during the first quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock valued at $330,000 after acquiring an additional 11 shares during the period. Finally, Stonebridge Capital Advisors LLC lifted its stake in shares of Alphabet by 1.4% during the first quarter. Stonebridge Capital Advisors LLC now owns 1,182 shares of the information services provider’s stock valued at $3,301,000 after acquiring an additional 16 shares during the period. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Trading Up 0.2 %

NASDAQ GOOG opened at $152.26 on Friday. The stock has a 50-day simple moving average of $144.98 and a 200 day simple moving average of $139.58. The company has a market capitalization of $1.89 trillion, a PE ratio of 26.25, a P/E/G ratio of 1.41 and a beta of 1.05. The company has a current ratio of 2.10, a quick ratio of 2.10 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 12 month low of $100.29 and a 12 month high of $155.20.

Alphabet (NASDAQ:GOOGGet Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $85.28 billion. During the same period in the prior year, the company earned $1.05 earnings per share. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. Research analysts forecast that Alphabet Inc. will post 6.77 EPS for the current year.

Analyst Upgrades and Downgrades

GOOG has been the topic of several research reports. Raymond James upped their price target on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Susquehanna upped their price objective on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $146.33.

View Our Latest Report on Alphabet

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 425 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $139.61, for a total value of $59,334.25. Following the completion of the sale, the chief accounting officer now directly owns 27,259 shares in the company, valued at $3,805,628.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Frances Arnold sold 230 shares of the stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the transaction, the director now directly owns 15,104 shares in the company, valued at $2,326,922.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 425 shares of the stock in a transaction dated 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 $3,805,628.99. The disclosure for this sale can be found here. Insiders sold 263,312 shares of company stock worth $37,268,315 over the last ninety days. 12.99% of the stock is currently owned by corporate insiders.

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:GOOG)

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