Capasso Planning Partners LLC Has $369,000 Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Capasso Planning Partners LLC lifted its stake in Alphabet Inc. (NASDAQ:GOOGL) by 3.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,638 shares of the information services provider’s stock after buying an additional 94 shares during the period. Capasso Planning Partners LLC’s holdings in Alphabet were worth $369,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Albion Financial Group UT grew its holdings in Alphabet by 1.7% during the fourth quarter. Albion Financial Group UT now owns 264,186 shares of the information services provider’s stock worth $36,904,000 after purchasing an additional 4,375 shares during the period. Soltis Investment Advisors LLC grew its holdings in Alphabet by 5.1% during the fourth quarter. Soltis Investment Advisors LLC now owns 51,055 shares of the information services provider’s stock worth $7,132,000 after purchasing an additional 2,494 shares during the period. Vivid Wealth Management LLC bought a new position in Alphabet during the fourth quarter worth about $3,916,000. Geneos Wealth Management Inc. grew its holdings in Alphabet by 2.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 48,569 shares of the information services provider’s stock worth $6,785,000 after purchasing an additional 1,203 shares during the period. Finally, Stiles Financial Services Inc grew its holdings in Alphabet by 1.8% during the fourth quarter. Stiles Financial Services Inc now owns 31,166 shares of the information services provider’s stock worth $4,354,000 after purchasing an additional 541 shares during the period. Institutional investors own 40.03% of the company’s stock.

Alphabet Stock Down 0.3 %

Shares of NASDAQ:GOOGL opened at $154.40 on Wednesday. The company has a fifty day moving average of $145.76 and a 200-day moving average of $140.19. The company has a market capitalization of $1.92 trillion, a PE ratio of 26.62, a price-to-earnings-growth ratio of 1.46 and a beta of 1.05. 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 Inc. has a 52-week low of $102.63 and a 52-week high of $160.22.

Alphabet (NASDAQ:GOOGL) 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. The company had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $70.77 billion. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. During the same period in the prior year, the business earned $1.05 earnings per share. On average, equities analysts predict that Alphabet Inc. will post 6.78 EPS for the current fiscal year.

Insider Transactions at Alphabet

In related news, Director Frances Arnold sold 230 shares of the business’s stock in a transaction 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 legal filing with the SEC, which is accessible through the SEC website. In related news, CAO Amie Thuener O’toole sold 660 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $143.59, for a total value 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 legal filing with the SEC, which is accessible through the SEC website. Also, Director Frances Arnold sold 230 shares of the business’s stock in a transaction on 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 sale, the director now directly owns 15,104 shares in the company, valued at approximately $2,326,922.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 228,839 shares of company stock worth $32,835,757. Corporate insiders own 0.88% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on GOOGL shares. Royal Bank of Canada restated an “outperform” rating and set a $155.00 price objective on shares of Alphabet in a report on Wednesday, January 31st. Roth Mkm reduced their price objective on Alphabet from $166.00 to $164.00 and set a “buy” rating for the company in a report on Wednesday, January 31st. StockNews.com upgraded Alphabet from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 20th. Needham & Company LLC reiterated a “buy” rating and issued a $160.00 price target on shares of Alphabet in a research report on Wednesday, January 31st. Finally, Mizuho lifted their price target on shares of Alphabet from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Five research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $156.64.

Alphabet Profile

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.