Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by Congress Park Capital LLC

Congress Park Capital LLC raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGFree Report) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,542 shares of the information services provider’s stock after buying an additional 76 shares during the quarter. Alphabet comprises about 1.6% of Congress Park Capital LLC’s portfolio, making the stock its 17th biggest holding. Congress Park Capital LLC’s holdings in Alphabet were worth $3,177,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of GOOG. Tandem Wealth Advisors LLC purchased a new stake in shares of Alphabet during the third quarter worth $25,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Alphabet in the fourth quarter valued at about $26,000. HWG Holdings LP purchased a new stake in shares of Alphabet in the second quarter valued at about $26,000. Intrepid Capital Management Inc. purchased a new stake in shares of Alphabet in the second quarter valued at about $31,000. Finally, Buck Wealth Strategies LLC purchased a new stake in shares of Alphabet in the third quarter valued at about $32,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on GOOG shares. Susquehanna upped their price objective on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. Raymond James upped their price objective on shares of Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Five analysts have rated the stock with a buy rating, According to MarketBeat, Alphabet currently has a consensus rating of “Buy” and a consensus target price of $146.33.

Get Our Latest Stock Analysis on Alphabet

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 660 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $143.59, for a total transaction of $94,769.40. Following the sale, the chief accounting officer now owns 27,920 shares of the company’s stock, valued at $4,009,032.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Frances Arnold sold 230 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total value of $35,433.80. Following the sale, the director now owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 660 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total transaction of $94,769.40. Following the completion of the sale, the chief accounting officer now directly owns 27,920 shares in the company, valued at approximately $4,009,032.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 246,799 shares of company stock valued at $34,971,139. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Trading Up 2.8 %

Shares of GOOG stock opened at $156.50 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. The firm has a market cap of $1.95 trillion, a PE ratio of 26.98, a price-to-earnings-growth ratio of 1.41 and a beta of 1.05. The company has a 50-day moving average of $144.98 and a two-hundred day moving average of $139.62. Alphabet Inc. has a 1-year low of $102.38 and a 1-year high of $157.00.

Alphabet (NASDAQ:GOOGGet Free Report) last issued 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. The business had revenue of $86.31 billion for the quarter, compared to analysts’ expectations of $85.28 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The business’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.05 earnings per share. On average, analysts predict that Alphabet Inc. will post 6.77 EPS for the current year.

Alphabet Company Profile

(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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