Sonata Capital Group Inc. Has $487,000 Stock Position in Alphabet Inc. (NASDAQ:GOOGL)

Sonata Capital Group Inc. boosted its stake in Alphabet Inc. (NASDAQ:GOOGLFree Report) by 5.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 3,720 shares of the information services provider’s stock after buying an additional 180 shares during the period. Sonata Capital Group Inc.’s holdings in Alphabet were worth $487,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of GOOGL. Lathrop Investment Management Corp grew its position in shares of Alphabet by 3.0% during the 3rd quarter. Lathrop Investment Management Corp now owns 11,568 shares of the information services provider’s stock worth $1,514,000 after purchasing an additional 340 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its position in shares of Alphabet by 12.6% during the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 305,087 shares of the information services provider’s stock worth $39,924,000 after purchasing an additional 34,239 shares in the last quarter. BNC Wealth Management LLC grew its position in shares of Alphabet by 0.4% during the 3rd quarter. BNC Wealth Management LLC now owns 50,712 shares of the information services provider’s stock worth $6,636,000 after purchasing an additional 214 shares in the last quarter. AM Investment Strategies LLC grew its position in shares of Alphabet by 3.6% during the 3rd quarter. AM Investment Strategies LLC now owns 5,700 shares of the information services provider’s stock worth $746,000 after purchasing an additional 200 shares in the last quarter. Finally, Sage Mountain Advisors LLC grew its position in shares of Alphabet by 11.1% during the 3rd quarter. Sage Mountain Advisors LLC now owns 31,708 shares of the information services provider’s stock worth $4,149,000 after purchasing an additional 3,169 shares in the last quarter. Institutional investors and hedge funds own 35.08% of the company’s stock.

Alphabet Price Performance

GOOGL stock opened at $145.91 on Friday. The firm has a market cap of $1.83 trillion, a price-to-earnings ratio of 25.16, 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 Inc. has a 12-month low of $88.57 and a 12-month high of $153.78. The company’s fifty day simple moving average is $140.38 and its 200 day simple moving average is $135.43.

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

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Monness Crespi & Hardt lowered shares of Alphabet from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 25th. Royal Bank of Canada restated an “outperform” rating and set a $155.00 target price on shares of Alphabet in a research report on Wednesday, January 31st. Citigroup increased their price target on shares of Alphabet from $153.00 to $168.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Mizuho increased their price target on shares of Alphabet from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Finally, Piper Sandler increased their price target on shares of Alphabet from $147.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 25th. Five research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $153.65.

Check Out Our Latest Research Report on Alphabet

Insider Activity at Alphabet

In other Alphabet news, Director Frances Arnold sold 230 shares of Alphabet stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total value of $35,433.80. Following the completion of the sale, the director now directly owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Alphabet news, Director Frances Arnold sold 230 shares of Alphabet stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $154.06, for a total value of $35,433.80. Following the completion of the sale, the director now directly owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 420 shares of Alphabet stock in a transaction on Friday, December 1st. The shares were sold at an average price of $133.32, for a total transaction of $55,994.40. Following the completion of the sale, the chief accounting officer now directly owns 26,833 shares of the company’s stock, valued at $3,577,375.56. The disclosure for this sale can be found here. Insiders have sold a total of 136,974 shares of company stock worth $19,427,217 over the last quarter. Company insiders own 0.88% of the company’s stock.

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.

See Also

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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