Callan Capital LLC Has $2.19 Million Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Callan Capital LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOGLFree Report) by 14.5% in the third quarter, HoldingsChannel.com reports. The fund owned 16,707 shares of the information services provider’s stock after acquiring an additional 2,116 shares during the quarter. Callan Capital LLC’s holdings in Alphabet were worth $2,186,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. DC Investments Management LLC acquired a new position in Alphabet in the 1st quarter worth about $114,000. Bridgefront Capital LLC acquired a new position in Alphabet in the 1st quarter worth about $225,000. Worth Asset Management LLC acquired a new position in Alphabet in the 1st quarter worth about $206,000. Eudaimonia Advisors LLC increased its holdings in Alphabet by 15.1% in the 1st quarter. Eudaimonia Advisors LLC now owns 99 shares of the information services provider’s stock worth $275,000 after purchasing an additional 13 shares in the last quarter. Finally, Aspire Capital Advisors LLC acquired a new position in Alphabet in the 1st quarter worth about $281,000. 35.08% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Alphabet

In related news, CEO Sundar Pichai sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $141.43, for a total transaction of $3,182,175.00. Following the transaction, the chief executive officer now directly owns 2,407,688 shares of the company’s stock, valued at approximately $340,519,313.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $132.92, for a total value of $26,584.00. Following the completion of the sale, the director now owns 7,184 shares of the company’s stock, valued at approximately $954,897.28. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $141.43, for a total value of $3,182,175.00. Following the completion of the sale, the chief executive officer now directly owns 2,407,688 shares of the company’s stock, valued at approximately $340,519,313.84. The disclosure for this sale can be found here. Insiders have sold a total of 114,674 shares of company stock valued at $16,162,276 in the last 90 days. Corporate insiders own 0.88% of the company’s stock.

Alphabet Price Performance

Alphabet stock opened at $145.54 on Thursday. The business has a 50-day simple moving average of $140.11 and a 200 day simple moving average of $135.36. Alphabet Inc. has a 52 week low of $88.57 and a 52 week high of $153.78. The stock has a market cap of $1.82 trillion, a price-to-earnings ratio of 25.09, a PEG ratio of 1.33 and a beta of 1.06. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGLGet Free Report) last released its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The firm had revenue of $86.31 billion for the quarter, compared to analysts’ expectations of $70.77 billion. During the same quarter last year, the firm posted $1.05 EPS. On average, research analysts forecast that Alphabet Inc. will post 6.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on GOOGL shares. KeyCorp upped their target price on Alphabet from $153.00 to $165.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Citigroup upped their target price on Alphabet from $153.00 to $168.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Piper Sandler increased their price target on Alphabet from $147.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, October 25th. Needham & Company LLC reissued a “buy” rating and issued a $160.00 price target on shares of Alphabet in a research note on Wednesday, January 31st. Finally, Susquehanna increased their price target on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. Five analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $153.65.

Check Out Our Latest Research Report on Alphabet

Alphabet Company Profile

(Free Report)

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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