Capital Counsel LLC NY Raises Position in Alphabet Inc. (NASDAQ:GOOGL)

Capital Counsel LLC NY lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1,820.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 15,115 shares of the information services provider’s stock after buying an additional 14,328 shares during the quarter. Alphabet accounts for 0.1% of Capital Counsel LLC NY’s portfolio, making the stock its 26th biggest position. Capital Counsel LLC NY’s holdings in Alphabet were worth $1,446,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Spreng Capital Management Inc. raised its position in Alphabet by 4.0% in the 1st quarter. Spreng Capital Management Inc. now owns 131 shares of the information services provider’s stock worth $364,000 after purchasing an additional 5 shares during the period. West Family Investments Inc. increased its position in shares of Alphabet by 0.3% in the first quarter. West Family Investments Inc. now owns 1,754 shares of the information services provider’s stock valued at $4,878,000 after acquiring an additional 6 shares during the period. Maple Capital Management Inc. increased its position in shares of Alphabet by 2.1% in the first quarter. Maple Capital Management Inc. now owns 296 shares of the information services provider’s stock valued at $823,000 after acquiring an additional 6 shares during the period. Private Advisory Group LLC increased its position in shares of Alphabet by 1.8% in the first quarter. Private Advisory Group LLC now owns 401 shares of the information services provider’s stock valued at $1,115,000 after acquiring an additional 7 shares during the period. Finally, Weik Capital Management increased its position in shares of Alphabet by 0.5% in the first quarter. Weik Capital Management now owns 1,533 shares of the information services provider’s stock valued at $4,264,000 after acquiring an additional 8 shares during the period. Hedge funds and other institutional investors own 34.06% of the company’s stock.

Alphabet Stock Up 0.5 %

Shares of GOOGL stock opened at $91.11 on Tuesday. Alphabet Inc. has a 12 month low of $83.34 and a 12 month high of $143.79. The stock has a market cap of $1.17 trillion, a P/E ratio of 20.02, a P/E/G ratio of 1.25 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. The company has a 50 day simple moving average of $94.25 and a two-hundred day simple moving average of $96.41.

Alphabet (NASDAQ:GOOGL – Get Rating) last announced its earnings results on Thursday, February 2nd. The information services provider reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.09). Alphabet had a net margin of 21.20% and a return on equity of 23.54%. The business had revenue of $76.05 billion for the quarter, compared to analysts’ expectations of $63.15 billion. During the same period in the prior year, the company posted $1.53 earnings per share. On average, research analysts expect that Alphabet Inc. will post 5.12 earnings per share for the current year.

Insider Buying and Selling at Alphabet

In other Alphabet news, Director Ann Mather sold 380 shares of the company’s stock in a transaction that occurred on Tuesday, December 27th. The shares were sold at an average price of $89.24, for a total transaction of $33,911.20. Following the completion of the sale, the director now directly owns 11,300 shares of the company’s stock, valued at $1,008,412. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider John Kent Walker sold 11,313 shares of the stock in a transaction on Monday, January 23rd. The shares were sold at an average price of $100.00, for a total value of $1,131,300.00. Following the completion of the sale, the insider now directly owns 41,970 shares of the company’s stock, valued at $4,197,000. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ann Mather sold 380 shares of the stock in a transaction on Tuesday, December 27th. The stock was sold at an average price of $89.24, for a total transaction of $33,911.20. Following the completion of the sale, the director now directly owns 11,300 shares of the company’s stock, valued at $1,008,412. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,745 shares of company stock valued at $3,424,078. Insiders own 11.44% of the company’s stock.

Analysts Set New Price Targets

GOOGL has been the topic of a number of analyst reports. JMP Securities restated a “market outperform” rating and issued a $132.00 price objective on shares of Alphabet in a research report on Friday, February 3rd. Loop Capital boosted their price objective on shares of Alphabet from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, February 8th. Tigress Financial cut their target price on shares of Alphabet from $186.00 to $160.00 and set a “strong-buy” rating on the stock in a research note on Friday, January 6th. New Street Research initiated coverage on shares of Alphabet in a research note on Wednesday, January 4th. They set a “buy” rating and a $118.00 target price on the stock. Finally, Roth Capital reaffirmed a “buy” rating on shares of Alphabet in a research note on Friday, February 3rd. Five equities research analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Alphabet presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.32.

Alphabet Profile

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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.