Capital International Inc. CA boosted its position in Alphabet Inc (NASDAQ:GOOG) by 10.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 91,177 shares of the information services provider’s stock after buying an additional 8,653 shares during the period. Alphabet accounts for approximately 1.7% of Capital International Inc. CA’s holdings, making the stock its 10th biggest holding. Capital International Inc. CA’s holdings in Alphabet were worth $121,905,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Lighthouse Financial Advisors Inc. bought a new stake in Alphabet in the fourth quarter valued at about $25,000. OLD Second National Bank of Aurora increased its holdings in Alphabet by 50.0% in the fourth quarter. OLD Second National Bank of Aurora now owns 30 shares of the information services provider’s stock valued at $40,000 after buying an additional 10 shares during the last quarter. Wealthcare Capital Management LLC increased its holdings in Alphabet by 300.0% in the fourth quarter. Wealthcare Capital Management LLC now owns 32 shares of the information services provider’s stock valued at $43,000 after buying an additional 24 shares during the last quarter. Cedar Mountain Advisors LLC bought a new stake in Alphabet in the fourth quarter valued at about $43,000. Finally, LFA Lugano Financial Advisors SA bought a new stake in Alphabet in the fourth quarter valued at about $47,000. 33.53% of the stock is owned by hedge funds and other institutional investors.

In related news, CAO Amie Thuener O’toole sold 55 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $1,350.56, for a total transaction of $74,280.80. Following the sale, the chief accounting officer now owns 388 shares of the company’s stock, valued at $524,017.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ann Mather sold 32 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $1,341.55, for a total value of $42,929.60. Following the sale, the director now directly owns 1,773 shares in the company, valued at approximately $2,378,568.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,204,053 shares of company stock valued at $335,936,779. Insiders own 12.99% of the company’s stock.

Several analysts recently weighed in on GOOG shares. Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a report on Thursday. Oppenheimer lifted their target price on Alphabet from $1,530.00 to $1,620.00 and gave the company an “outperform” rating in a research note on Tuesday, February 4th. ValuEngine upgraded Alphabet from a “sell” rating to a “hold” rating in a research note on Thursday, March 5th. DZ Bank restated a “buy” rating on shares of Alphabet in a research note on Tuesday, February 4th. Finally, Citigroup lifted their target price on Alphabet from $1,500.00 to $1,700.00 and gave the company a “positive” rating in a research note on Friday, February 7th. Three research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $1,581.81.

Shares of NASDAQ GOOG traded up $35.51 during midday trading on Thursday, hitting $1,138.00. 1,680,630 shares of the company’s stock were exchanged, compared to its average volume of 3,222,223. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.37 and a quick ratio of 3.35. The stock’s 50 day moving average price is $1,342.87 and its 200-day moving average price is $1,321.06. The firm has a market cap of $779.70 billion, a P/E ratio of 23.14, a PEG ratio of 1.36 and a beta of 1.02. Alphabet Inc has a twelve month low of $1,013.54 and a twelve month high of $1,532.11.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Monday, February 3rd. The information services provider reported $15.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $12.76 by $2.59. The business had revenue of $46.08 billion during the quarter, compared to the consensus estimate of $46.87 billion. Alphabet had a return on equity of 18.66% and a net margin of 21.22%. The business’s revenue was up 17.3% on a year-over-year basis. During the same period in the previous year, the firm posted $10.95 earnings per share. On average, analysts expect that Alphabet Inc will post 52.67 EPS for the current fiscal year.

Alphabet 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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