West Oak Capital LLC Grows Holdings in Alphabet Inc. (NASDAQ:GOOG)

West Oak Capital LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOGGet Rating) by 1,933.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,100 shares of the information services provider’s stock after purchasing an additional 22,915 shares during the period. Alphabet comprises approximately 1.3% of West Oak Capital LLC’s holdings, making the stock its 21st largest holding. West Oak Capital LLC’s holdings in Alphabet were worth $2,317,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. DC Investments Management LLC purchased a new stake in Alphabet in the first quarter worth $115,000. Guardian Wealth Management Inc. bought a new position in shares of Alphabet during the 1st quarter worth $184,000. Turim 21 Investimentos Ltda. grew its position in shares of Alphabet by 10.8% during the 1st quarter. Turim 21 Investimentos Ltda. now owns 82 shares of the information services provider’s stock worth $229,000 after buying an additional 8 shares in the last quarter. OneAscent Financial Services LLC bought a new position in shares of Alphabet during the 2nd quarter worth $203,000. Finally, Aspireon Wealth Advisors bought a new position in shares of Alphabet during the 2nd quarter worth $212,000. Hedge funds and other institutional investors own 28.69% of the company’s stock.

Alphabet Price Performance

Shares of NASDAQ GOOG opened at $99.28 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.47 and a current ratio of 2.52. The company has a market cap of $1.28 trillion, a PE ratio of 19.72, a P/E/G ratio of 1.74 and a beta of 1.08. The business has a 50-day simple moving average of $93.52 and a two-hundred day simple moving average of $102.16. Alphabet Inc. has a fifty-two week low of $83.45 and a fifty-two week high of $152.10.

Alphabet (NASDAQ:GOOGGet Rating) last issued its quarterly earnings results on Tuesday, October 25th. The information services provider reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.19). Alphabet had a return on equity of 26.41% and a net margin of 23.75%. The business had revenue of $69.09 billion during the quarter, compared to analyst estimates of $70.67 billion. During the same period in the prior year, the business posted $1.40 EPS. Alphabet’s revenue was up 6.1% compared to the same quarter last year. As a group, equities analysts expect that Alphabet Inc. will post 4.68 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Societe Generale dropped their price target on Alphabet from $147.00 to $132.00 and set a “buy” rating on the stock in a research report on Wednesday, November 30th. Deutsche Bank Aktiengesellschaft dropped their price target on Alphabet from $135.00 to $130.00 and set a “buy” rating on the stock in a research report on Friday, October 21st. UBS Group set a $115.00 price target on Alphabet in a research report on Thursday, January 12th. JPMorgan Chase & Co. set a $115.00 price target on Alphabet in a research report on Wednesday, October 26th. Finally, Oppenheimer dropped their price objective on Alphabet from $155.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, Alphabet currently has an average rating of “Moderate Buy” and a consensus target price of $140.56.

Insiders Place Their Bets

In other Alphabet news, CAO Amie Thuener O’toole sold 855 shares of the firm’s stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total transaction of $77,933.25. Following the completion of the transaction, the chief accounting officer now directly owns 25,122 shares of the company’s stock, valued at approximately $2,289,870.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Alphabet news, SVP Prabhakar Raghavan sold 22,203 shares of the firm’s stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $89.75, for a total transaction of $1,992,719.25. Following the completion of the transaction, the senior vice president now directly owns 76,579 shares of the company’s stock, valued at approximately $6,872,965.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 855 shares of the firm’s stock in a transaction that occurred on Wednesday, January 4th. The stock was sold at an average price of $91.15, for a total transaction of $77,933.25. Following the transaction, the chief accounting officer now directly owns 25,122 shares of the company’s stock, valued at $2,289,870.30. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 661,702 shares of company stock valued at $23,399,217 and sold 190,744 shares valued at $8,564,640. 12.99% of the stock is currently owned by insiders.

About Alphabet

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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.

See Also

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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