Capital Advisors Wealth Management LLC Makes New Investment in Alphabet Inc. (NASDAQ:GOOG)

Capital Advisors Wealth Management LLC purchased a new stake in shares of Alphabet Inc. (NASDAQ:GOOG) in the 1st quarter, Holdings Channel.com reports. The fund purchased 167 shares of the information services provider’s stock, valued at approximately $345,000.

Other large investors have also modified their holdings of the company. Nottingham Advisors Inc. increased its holdings in Alphabet by 0.5% in the fourth quarter. Nottingham Advisors Inc. now owns 917 shares of the information services provider’s stock valued at $1,606,000 after purchasing an additional 5 shares during the period. AlphaCore Capital LLC raised its position in shares of Alphabet by 4.0% during the fourth quarter. AlphaCore Capital LLC now owns 131 shares of the information services provider’s stock worth $229,000 after acquiring an additional 5 shares during the last quarter. CWS Financial Advisors LLC raised its position in shares of Alphabet by 3.2% during the fourth quarter. CWS Financial Advisors LLC now owns 162 shares of the information services provider’s stock worth $284,000 after acquiring an additional 5 shares during the last quarter. Silverleafe Capital Partners LLC lifted its stake in shares of Alphabet by 2.8% in the first quarter. Silverleafe Capital Partners LLC now owns 181 shares of the information services provider’s stock worth $374,000 after acquiring an additional 5 shares during the period. Finally, Alliance Wealth Advisors LLC boosted its holdings in Alphabet by 2.7% in the first quarter. Alliance Wealth Advisors LLC now owns 190 shares of the information services provider’s stock valued at $393,000 after acquiring an additional 5 shares during the last quarter. Institutional investors own 31.94% of the company’s stock.

In related news, SVP Philipp Schindler sold 1,385 shares of the stock in a transaction dated Monday, February 1st. The shares were sold at an average price of $1,852.09, for a total transaction of $2,565,144.65. Following the completion of the transaction, the senior vice president now owns 18,712 shares in the company, valued at $34,656,308.08. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director John L. Hennessy sold 70 shares of the firm’s stock in a transaction dated Wednesday, April 7th. The stock was sold at an average price of $2,243.44, for a total transaction of $157,040.80. Following the sale, the director now owns 64 shares of the company’s stock, valued at approximately $143,580.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,104 shares of company stock worth $35,725,438. Insiders own 12.99% of the company’s stock.

GOOG has been the topic of a number of analyst reports. Wedbush assumed coverage on shares of Alphabet in a research note on Wednesday, April 14th. They issued an “outperform” rating and a $2,953.00 price objective on the stock. Zacks Investment Research downgraded Alphabet from a “buy” rating to a “hold” rating in a report on Friday, April 16th. Morgan Stanley lifted their price objective on Alphabet from $2,050.00 to $2,200.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 3rd. Credit Suisse Group reaffirmed a “buy” rating on shares of Alphabet in a research note on Wednesday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Alphabet from $2,250.00 to $2,600.00 and gave the stock a “buy” rating in a report on Wednesday, February 3rd. Two research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Alphabet presently has an average rating of “Buy” and an average target price of $2,342.42.

Alphabet stock traded up $0.32 during trading on Thursday, hitting $2,293.61. 21,491 shares of the company were exchanged, compared to its average volume of 1,546,297. The company has a current ratio of 3.41, a quick ratio of 3.39 and a debt-to-equity ratio of 0.07. The business’s 50 day moving average is $2,134.61 and its 200 day moving average is $1,877.94. Alphabet Inc. has a 52 week low of $1,232.20 and a 52 week high of $2,318.45. The company has a market capitalization of $1.55 trillion, a P/E ratio of 44.31, a PEG ratio of 1.66 and a beta of 0.98.

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

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. The company offers performance and brand advertising services. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, such as ads, Android, Chrome, hardware, Google Maps, Google Play, Search, and YouTube, as well as technical infrastructure; and digital content.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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