Waypoint Capital Advisors LLC Grows Holdings in Alphabet Inc. (NASDAQ:GOOG)

Waypoint Capital Advisors LLC boosted its holdings in Alphabet Inc. (NASDAQ:GOOGFree Report) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,127 shares of the information services provider’s stock after purchasing an additional 293 shares during the quarter. Waypoint Capital Advisors LLC’s holdings in Alphabet were worth $2,414,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Regatta Capital Group LLC raised its position in Alphabet by 1.7% in the 4th quarter. Regatta Capital Group LLC now owns 15,908 shares of the information services provider’s stock valued at $2,242,000 after purchasing an additional 272 shares during the last quarter. Palumbo Wealth Management LLC raised its position in Alphabet by 5.9% during the 4th quarter. Palumbo Wealth Management LLC now owns 8,588 shares of the information services provider’s stock worth $1,210,000 after buying an additional 481 shares during the last quarter. Hutchens & Kramer Investment Management Group LLC raised its position in Alphabet by 3.0% during the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 4,578 shares of the information services provider’s stock worth $645,000 after buying an additional 135 shares during the last quarter. Coerente Capital Management raised its position in Alphabet by 3.8% during the 4th quarter. Coerente Capital Management now owns 6,495 shares of the information services provider’s stock worth $915,000 after buying an additional 240 shares during the last quarter. Finally, True North Advisors LLC raised its position in Alphabet by 1.9% during the 4th quarter. True North Advisors LLC now owns 55,938 shares of the information services provider’s stock worth $7,883,000 after buying an additional 1,065 shares during the last quarter. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Analyst Ratings Changes

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

View Our Latest Analysis on Alphabet

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $155.87 on Wednesday. The stock has a market cap of $1.94 trillion, a price-to-earnings ratio of 26.87, a PEG ratio of 1.41 and a beta of 1.05. Alphabet Inc. has a 52 week low of $102.38 and a 52 week high of $157.00. The company’s 50-day moving average price is $145.15 and its 200 day moving average price is $139.74. 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 (NASDAQ:GOOGGet Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.04. The firm 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 firm’s revenue was up 13.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.05 EPS. As a group, research analysts forecast that Alphabet Inc. will post 6.77 earnings per share for the current fiscal year.

Insider Activity at Alphabet

In related news, Director John L. Hennessy sold 200 shares of the stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $143.49, for a total value of $28,698.00. Following the sale, the director now directly owns 6,784 shares of the company’s stock, valued at approximately $973,436.16. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Alphabet news, Director John L. Hennessy sold 200 shares of the company’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $143.49, for a total value of $28,698.00. Following the transaction, the director now directly owns 6,784 shares in the company, valued at approximately $973,436.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Prabhakar Raghavan sold 3,258 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $155.97, for a total transaction of $508,150.26. Following the completion of the transaction, the senior vice president now owns 144,685 shares in the company, valued at $22,566,519.45. The disclosure for this sale can be found here. In the last three months, insiders have sold 228,239 shares of company stock valued at $32,432,382. Insiders own 12.99% of the company’s stock.

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.

Featured Stories

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.