Lincoln Capital LLC Has $16.86 Million Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Lincoln Capital LLC boosted its position in Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 1,929.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 176,307 shares of the information services provider’s stock after purchasing an additional 167,619 shares during the period. Alphabet comprises 5.2% of Lincoln Capital LLC’s investment portfolio, making the stock its 6th biggest position. Lincoln Capital LLC’s holdings in Alphabet were worth $16,864,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in GOOGL. Cardinal Capital Management Inc. bought a new position in shares of Alphabet during the 2nd quarter valued at approximately $41,000. Belmont Capital LLC grew its position in shares of Alphabet by 110.0% during the 2nd quarter. Belmont Capital LLC now owns 21 shares of the information services provider’s stock valued at $46,000 after acquiring an additional 11 shares during the period. Newfound Research LLC grew its position in shares of Alphabet by 53.8% during the 2nd quarter. Newfound Research LLC now owns 40 shares of the information services provider’s stock valued at $87,000 after acquiring an additional 14 shares during the period. DC Investments Management LLC bought a new position in shares of Alphabet during the 1st quarter valued at approximately $114,000. Finally, Bridgefront Capital LLC bought a new position in shares of Alphabet during the 1st quarter valued at approximately $225,000. 34.06% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Ann Mather sold 280 shares of Alphabet stock in a transaction dated Tuesday, October 25th. The shares were sold at an average price of $103.23, for a total transaction of $28,904.40. Following the sale, the director now owns 11,200 shares of the company’s stock, valued at approximately $1,156,176. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Ann Mather sold 280 shares of Alphabet stock in a transaction dated Tuesday, October 25th. The shares were sold at an average price of $103.23, for a total transaction of $28,904.40. Following the completion of the transaction, the director now directly owns 11,200 shares of the company’s stock, valued at approximately $1,156,176. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder 2019 Gp L.L.C. Gv purchased 800,000 shares of the stock in a transaction that occurred on Monday, October 24th. The shares were acquired at an average cost of $17.00 per share, with a total value of $13,600,000.00. Following the completion of the transaction, the insider now owns 11,522,248 shares in the company, valued at $195,878,216. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 1,461,702 shares of company stock valued at $36,999,217 and have sold 190,744 shares valued at $8,564,640. Insiders own 11.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on GOOGL. The Goldman Sachs Group reduced their target price on shares of Alphabet to $135.00 in a research report on Thursday, October 27th. Atlantic Securities cut their price objective on shares of Alphabet to $115.00 in a report on Thursday, October 27th. Susquehanna Bancshares cut their price objective on shares of Alphabet from $150.00 to $120.00 and set a “positive” rating for the company in a report on Wednesday, October 26th. Credit Suisse Group cut their price objective on shares of Alphabet from $134.00 to $128.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Finally, MKM Partners cut their price objective on shares of Alphabet from $140.00 to $134.00 and set a “buy” rating for the company in a report on Wednesday, October 19th. Five investment analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $132.13.

Alphabet Price Performance

Shares of Alphabet stock opened at $93.05 on Friday. The firm has a market cap of $1.20 trillion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 1.62 and a beta of 1.09. Alphabet Inc. has a 12-month low of $83.34 and a 12-month high of $151.55. The company has a quick ratio of 2.47, a current ratio of 2.52 and a debt-to-equity ratio of 0.06. The company’s fifty day simple moving average is $93.00 and its two-hundred day simple moving average is $101.63.

Alphabet (NASDAQ:GOOGLGet Rating) last announced its earnings results on Tuesday, October 25th. The information services provider reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.19). The company had revenue of $57.27 billion for the quarter, compared to the consensus estimate of $58.36 billion. Alphabet had a net margin of 23.75% and a return on equity of 26.41%. During the same period in the previous year, the firm posted $1.40 EPS. As a group, equities analysts expect that Alphabet Inc. will post 4.68 EPS for the current year.

Alphabet Company Profile

(Get Rating)

Alphabet Inc provides 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 offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

Further Reading

Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGLGet Rating).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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.