Capital Management Associates NY Has $2.14 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Capital Management Associates NY lifted its position in Alphabet Inc. (NASDAQ:GOOG) by 32.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,222 shares of the information services provider’s stock after buying an additional 300 shares during the quarter. Alphabet comprises approximately 2.3% of Capital Management Associates NY’s holdings, making the stock its 9th biggest position. Capital Management Associates NY’s holdings in Alphabet were worth $2,141,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Magnolia Capital Advisors LLC lifted its holdings in Alphabet by 57.2% during the 3rd quarter. Magnolia Capital Advisors LLC now owns 294 shares of the information services provider’s stock valued at $29,000 after purchasing an additional 107 shares during the last quarter. Stephenson National Bank & Trust grew its position in Alphabet by 200.0% in the third quarter. Stephenson National Bank & Trust now owns 30 shares of the information services provider’s stock valued at $44,000 after acquiring an additional 20 shares during the last quarter. Chiron Capital Management LLC bought a new position in Alphabet in the third quarter valued at about $44,000. Clearview Wealth Advisors LLC bought a new stake in shares of Alphabet during the fourth quarter worth about $44,000. Finally, Clear Perspectives Financial Planning LLC bought a new stake in shares of Alphabet during the fourth quarter worth about $44,000. 31.94% of the stock is owned by institutional investors and hedge funds.

GOOG traded down $17.06 during trading on Tuesday, reaching $2,047.82. 54,071 shares of the company were exchanged, compared to its average volume of 1,637,658. The company’s 50-day moving average is $1,922.66 and its two-hundred day moving average is $1,706.52. The company has a market cap of $1.38 trillion, a price-to-earnings ratio of 38.82, a P/E/G ratio of 1.66 and a beta of 0.98. The company has a quick ratio of 3.39, a current ratio of 3.41 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a 12-month low of $1,013.54 and a 12-month high of $2,152.68.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Monday, February 1st. The information services provider reported $22.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $15.91 by $6.39. The business had revenue of $56.90 billion for the quarter, compared to analysts’ expectations of $52.86 billion. Alphabet had a return on equity of 17.31% and a net margin of 20.80%. The firm’s quarterly revenue was up 23.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $15.35 EPS. Equities analysts forecast that Alphabet Inc. will post 52.19 earnings per share for the current year.

In other Alphabet news, Director Ann Mather sold 22 shares of the firm’s stock in a transaction dated Tuesday, December 1st. The stock was sold at an average price of $1,774.37, for a total value of $39,036.14. Following the sale, the director now owns 1,144 shares of the company’s stock, valued at approximately $2,029,879.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 70 shares of the firm’s stock in a transaction dated Monday, February 8th. The shares were sold at an average price of $2,085.54, for a total value of $145,987.80. Following the transaction, the director now directly owns 41 shares in the company, valued at $85,507.14. The disclosure for this sale can be found here. Insiders have sold a total of 2,999 shares of company stock worth $5,434,607 in the last three months. 12.99% of the stock is currently owned by insiders.

Several analysts recently commented on the company. Royal Bank of Canada reiterated a “buy” rating on shares of Alphabet in a report on Friday, October 30th. Jefferies Financial Group upped their target price on Alphabet from $2,150.00 to $2,400.00 in a report on Wednesday, February 3rd. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $2,390.00 target price (up from $2,050.00) on shares of Alphabet in a report on Wednesday, February 3rd. Barclays reissued a “buy” rating on shares of Alphabet in a research note on Thursday, February 4th. Finally, Robert W. Baird boosted their price target on Alphabet from $1,675.00 to $1,725.00 in a research note on Friday, October 30th. Two analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $2,184.71.

Alphabet Company Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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