Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by Truvestments Capital LLC

Truvestments Capital LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 1,403.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,240 shares of the information services provider’s stock after purchasing an additional 5,825 shares during the quarter. Truvestments Capital LLC’s holdings in Alphabet were worth $600,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in Alphabet by 1,885.5% during the third quarter. Vanguard Group Inc. now owns 422,194,039 shares of the information services provider’s stock worth $40,593,957,000 after purchasing an additional 400,930,216 shares during the period. BlackRock Inc. raised its stake in shares of Alphabet by 1,857.3% in the 3rd quarter. BlackRock Inc. now owns 364,589,580 shares of the information services provider’s stock valued at $35,055,286,000 after acquiring an additional 345,962,033 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Alphabet by 1,770.6% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 203,484,912 shares of the information services provider’s stock valued at $19,639,414,000 after purchasing an additional 192,607,045 shares in the last quarter. State Street Corp grew its holdings in Alphabet by 1,851.7% during the 3rd quarter. State Street Corp now owns 196,897,894 shares of the information services provider’s stock valued at $18,931,733,000 after purchasing an additional 186,809,281 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in Alphabet by 1,862.3% during the 3rd quarter. Alliancebernstein L.P. now owns 63,184,850 shares of the information services provider’s stock valued at $6,075,223,000 after purchasing an additional 59,964,963 shares in the last quarter. 28.69% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Price Performance

NASDAQ:GOOG opened at $94.25 on Wednesday. The stock has a market cap of $1.21 trillion, a P/E ratio of 20.71, a PEG ratio of 1.26 and a beta of 1.09. Alphabet Inc. has a one year low of $83.45 and a one year high of $144.16. The company has a fifty day moving average price of $94.96 and a 200 day moving average price of $96.85. 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:GOOG – Get Rating) last announced its quarterly earnings results on Thursday, February 2nd. The information services provider reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $76.49 billion. During the same period last year, the firm earned $1.53 EPS. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. Analysts anticipate that Alphabet Inc. will post 5.12 earnings per share for the current year.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 637 shares of the company’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $90.15, for a total value of $57,425.55. Following the sale, the chief accounting officer now owns 25,442 shares of the company’s stock, valued at approximately $2,293,596.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 637 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 25,442 shares of the company’s stock, valued at $2,293,596.30. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ann Mather sold 340 shares of Alphabet stock in a transaction on Wednesday, January 25th. The stock was sold at an average price of $96.92, for a total transaction of $32,952.80. Following the transaction, the director now directly owns 11,300 shares in the company, valued at $1,095,196. The disclosure for this sale can be found here. In the last quarter, insiders have sold 36,745 shares of company stock valued at $3,424,078. 12.99% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on GOOG. Royal Bank of Canada set a $130.00 price target on shares of Alphabet in a report on Friday, February 3rd. Sanford C. Bernstein set a $130.00 price target on shares of Alphabet in a research report on Monday, February 6th. JPMorgan Chase & Co. set a $118.00 price objective on shares of Alphabet in a research note on Thursday, February 9th. Jefferies Financial Group set a $125.00 target price on shares of Alphabet in a research report on Friday, February 3rd. Finally, Roth Capital reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, February 3rd. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and a consensus price target of $137.13.

Alphabet Company 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.