Capital Management Associates NY Buys 13,300 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Capital Management Associates NY boosted its stake in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 1,900.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,000 shares of the information services provider’s stock after acquiring an additional 13,300 shares during the period. Alphabet accounts for about 1.9% of Capital Management Associates NY’s holdings, making the stock its 17th biggest position. Capital Management Associates NY’s holdings in Alphabet were worth $1,339,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Willow Creek Wealth Management Inc. raised its position in shares of Alphabet by 1,926.9% in the third quarter. Willow Creek Wealth Management Inc. now owns 18,546 shares of the information services provider’s stock valued at $1,774,000 after purchasing an additional 17,631 shares during the period. Louisiana State Employees Retirement System bought a new stake in Alphabet during the 3rd quarter worth approximately $55,305,000. Griffin Asset Management Inc. increased its holdings in Alphabet by 1,900.0% during the 3rd quarter. Griffin Asset Management Inc. now owns 52,240 shares of the information services provider’s stock worth $4,997,000 after acquiring an additional 49,628 shares during the period. Bridgewater Advisors Inc. increased its holdings in Alphabet by 3,005.0% during the 3rd quarter. Bridgewater Advisors Inc. now owns 67,503 shares of the information services provider’s stock worth $6,457,000 after acquiring an additional 65,329 shares during the period. Finally, Adell Harriman & Carpenter Inc. increased its holdings in Alphabet by 1,915.2% during the 3rd quarter. Adell Harriman & Carpenter Inc. now owns 129,797 shares of the information services provider’s stock worth $12,415,000 after acquiring an additional 123,356 shares during the period. Institutional investors own 34.06% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Amie Thuener O’toole sold 637 shares of the company’s stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $90.15, for a total value of $57,425.55. Following the completion of the transaction, the chief accounting officer now owns 25,442 shares in the company, valued at approximately $2,293,596.30. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Ann Mather sold 380 shares of the stock in a transaction dated Tuesday, December 27th. The shares were sold at an average price of $89.24, for a total value of $33,911.20. Following the completion of the transaction, the director now owns 11,300 shares in the company, valued at approximately $1,008,412. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 637 shares of the stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $90.15, for a total transaction of $57,425.55. Following the completion of the sale, the chief accounting officer now directly owns 25,442 shares in the company, valued at $2,293,596.30. The disclosure for this sale can be found here. Insiders sold 36,745 shares of company stock worth $3,424,078 in the last 90 days. Corporate insiders own 11.44% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Barclays upped their target price on shares of Alphabet from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, February 3rd. Tigress Financial decreased their target price on shares of Alphabet from $186.00 to $160.00 and set a “strong-buy” rating on the stock in a report on Friday, January 6th. Morgan Stanley upped their target price on shares of Alphabet from $125.00 to $135.00 and gave the stock an “overweight” rating in a report on Friday, February 3rd. Rosenblatt Securities cut their price target on shares of Alphabet from $130.00 to $128.00 and set a “buy” rating for the company in a research note on Friday, February 3rd. Finally, KeyCorp cut their price target on shares of Alphabet from $118.00 to $117.00 and set an “overweight” rating for the company in a research note on Monday, January 30th. Five equities research analysts have rated the stock with a hold rating, thirty-three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.32.

Alphabet Price Performance

Shares of GOOGL stock opened at $91.11 on Tuesday. The firm’s 50-day moving average is $94.25 and its two-hundred day moving average is $96.41. The company has a market capitalization of $1.17 trillion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 1.25 and a beta of 1.09. Alphabet Inc. has a 12 month low of $83.34 and a 12 month high of $143.79. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.38 and a quick ratio of 2.34.

Alphabet (NASDAQ:GOOGL – Get Rating) last announced its quarterly earnings data on Thursday, February 2nd. The information services provider reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.09). The business 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 quarter last year, the firm posted $1.53 EPS. Analysts predict that Alphabet Inc. will post 5.12 earnings per share for the current year.

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.