Gould Capital LLC Purchases 301 Shares of Alphabet Inc. (NASDAQ:GOOG)

Gould Capital LLC lifted its stake in Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 2,150.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 315 shares of the information services provider’s stock after acquiring an additional 301 shares during the period. Gould Capital LLC’s holdings in Alphabet were worth $30,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Totem Point Management LLC grew its stake in Alphabet by 22.0% during the 1st quarter. Totem Point Management LLC now owns 3,171 shares of the information services provider’s stock worth $8,857,000 after buying an additional 571 shares during the last quarter. Somerville Kurt F grew its stake in Alphabet by 10.3% during the 1st quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock worth $330,000 after buying an additional 11 shares during the last quarter. BCK Partners Inc. purchased a new position in Alphabet during the 1st quarter worth $2,564,000. Hall Capital Management Co. Inc. grew its stake in Alphabet by 53.2% during the 1st quarter. Hall Capital Management Co. Inc. now owns 144 shares of the information services provider’s stock worth $402,000 after buying an additional 50 shares during the last quarter. Finally, Fairfield Bush & CO. grew its stake in Alphabet by 6.8% during the 1st quarter. Fairfield Bush & CO. now owns 3,370 shares of the information services provider’s stock worth $9,412,000 after buying an additional 214 shares during the last quarter. 28.69% of the stock is owned by institutional investors.

Alphabet Trading Up 4.7 %

Shares of Alphabet stock opened at $101.07 on Friday. The firm has a market capitalization of $1.29 trillion, a price-to-earnings ratio of 22.21, a PEG ratio of 1.27 and a beta of 1.09. Alphabet Inc. has a fifty-two week low of $83.45 and a fifty-two week high of $144.16. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.34 and a current ratio of 2.38. The stock has a 50 day moving average of $95.41 and a 200 day moving average of $96.87.

Alphabet (NASDAQ:GOOG – Get Rating) last announced its quarterly earnings data 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). The company had revenue of $76.05 billion during the quarter, compared to analyst estimates of $76.49 billion. Alphabet had a net margin of 21.20% and a return on equity of 23.54%. The firm’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.53 earnings per share. As a group, research analysts predict that Alphabet Inc. will post 5.12 earnings per share for the current year.

Insider Activity

In other news, Director Ann Mather sold 340 shares of the stock in a transaction on Wednesday, January 25th. The stock was sold at an average price of $96.92, for a total value of $32,952.80. Following the sale, the director now directly owns 11,300 shares in the company, valued at $1,095,196. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Ann Mather sold 340 shares of the stock in a transaction on Wednesday, January 25th. The stock was sold at an average price of $96.92, for a total value of $32,952.80. Following the sale, the director now directly owns 11,300 shares in the company, valued at $1,095,196. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder 2021 Gp L.L.C. Gv acquired 415,000 shares of Alphabet stock in a transaction dated Monday, March 13th. The stock was bought at an average price of $29.29 per share, for a total transaction of $12,155,350.00. Following the completion of the purchase, the insider now owns 1,709,527 shares of the company’s stock, valued at approximately $50,072,045.83. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 74,245 shares of company stock worth $7,174,078. Corporate insiders own 12.99% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on GOOG. Sanford C. Bernstein set a $130.00 price target on Alphabet in a research note on Monday, February 6th. Oppenheimer upped their target price on Alphabet from $130.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. Raymond James upped their target price on Alphabet from $116.00 to $119.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. Societe Generale lowered their target price on Alphabet from $147.00 to $132.00 and set a “buy” rating on the stock in a research note on Wednesday, November 30th. Finally, Credit Suisse Group set a $136.00 price target on Alphabet in a report on Friday, February 3rd. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and a consensus price target of $137.13.

About Alphabet

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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.