One Capital Management LLC Buys 24,551 Shares of Alphabet Inc. (NASDAQ:GOOGL)

One Capital Management LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1,825.4% during the third quarter, Holdings Channel.com reports. The firm owned 25,896 shares of the information services provider’s stock after purchasing an additional 24,551 shares during the quarter. One Capital Management LLC’s holdings in Alphabet were worth $2,476,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in GOOGL. Bornite Capital Management LP purchased a new position in shares of Alphabet in the first quarter worth about $16,688,000. Markel Corp raised its stake in shares of Alphabet by 17.0% in the first quarter. Markel Corp now owns 15,500 shares of the information services provider’s stock worth $43,110,000 after purchasing an additional 2,250 shares during the last quarter. United Bank raised its stake in shares of Alphabet by 5.9% in the first quarter. United Bank now owns 2,033 shares of the information services provider’s stock worth $5,654,000 after purchasing an additional 113 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Alphabet by 23.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 323,918 shares of the information services provider’s stock worth $900,929,000 after purchasing an additional 61,427 shares during the last quarter. Finally, Dakota Wealth Management raised its stake in shares of Alphabet by 20.4% in the first quarter. Dakota Wealth Management now owns 9,279 shares of the information services provider’s stock worth $25,806,000 after purchasing an additional 1,570 shares during the last quarter. Institutional investors own 34.06% of the company’s stock.

Alphabet Stock Performance

NASDAQ GOOGL opened at $90.63 on Friday. The stock has a market cap of $1.16 trillion, a PE ratio of 19.91, a P/E/G ratio of 1.27 and a beta of 1.09. The company has a current ratio of 2.38, a quick ratio of 2.34 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a twelve month low of $83.34 and a twelve month high of $143.79. The stock has a fifty day simple moving average of $94.19 and a 200-day simple moving average of $96.71.

Alphabet (NASDAQ:GOOGL – Get Rating) last released its earnings results on Thursday, February 2nd. The information services provider reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.09). The firm had revenue of $76.05 billion during the quarter, compared to analyst estimates of $63.15 billion. Alphabet had a net margin of 21.20% and a return on equity of 23.54%. During the same period in the prior year, the firm earned $1.53 earnings per share. Equities analysts anticipate that Alphabet Inc. will post 5.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

GOOGL has been the subject of several research analyst reports. Roth Capital restated a “buy” rating on shares of Alphabet in a research note on Friday, February 3rd. Mizuho reduced their price target on Alphabet from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, November 30th. Truist Financial reduced their price target on Alphabet from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, February 3rd. JMP Securities reiterated a “market outperform” rating and set a $132.00 price target on shares of Alphabet in a research report on Friday, February 3rd. Finally, Loop Capital lifted their price target on Alphabet from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, February 8th. Five analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and an average price target of $132.32.

Insider Activity at Alphabet

In other news, CAO Amie Thuener O’toole sold 855 shares of the company’s stock in a transaction 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 sale, the chief accounting officer now owns 25,122 shares of the company’s stock, valued at $2,289,870.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Amie Thuener O’toole sold 855 shares of the business’s stock in a transaction dated Wednesday, January 4th. The stock was 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 $2,289,870.30. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Prabhakar Raghavan sold 22,203 shares of the company’s stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $89.75, for a total transaction of $1,992,719.25. Following the sale, the senior vice president now owns 76,579 shares in the company, valued at $6,872,965.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,745 shares of company stock worth $3,424,078. Corporate insiders own 11.44% of the company’s stock.

Alphabet Company Profile

(Get Rating)

Alphabet, Inc engages in the business of delivering online advertising, cloud-based solutions that provide enterprise customers with infrastructure and platform services, the provision of communication and collaboration tools, and sales of other products and services such as apps and in-app purchases, hardware, and subscription-based products.