Capital Advisors Inc. OK Has $89.85 Million Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Capital Advisors Inc. OK lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 637,512 shares of the information services provider’s stock after buying an additional 9,412 shares during the period. Alphabet accounts for approximately 2.0% of Capital Advisors Inc. OK’s holdings, making the stock its 7th biggest position. Capital Advisors Inc. OK’s holdings in Alphabet were worth $89,845,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of GOOG. Totem Point Management LLC grew its position in shares of Alphabet by 22.0% during the 1st quarter. Totem Point Management LLC now owns 3,171 shares of the information services provider’s stock valued at $8,857,000 after buying an additional 571 shares during the last quarter. Somerville Kurt F grew its position in Alphabet by 10.3% in the 1st quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock worth $330,000 after purchasing an additional 11 shares during the last quarter. BCK Partners Inc. bought a new position in Alphabet in the 1st quarter worth about $2,564,000. Hall Capital Management Co. Inc. grew its position in Alphabet by 53.2% in the 1st quarter. Hall Capital Management Co. Inc. now owns 144 shares of the information services provider’s stock worth $402,000 after purchasing an additional 50 shares during the last quarter. Finally, Fairfield Bush & CO. grew its position in Alphabet by 6.8% in the 1st quarter. Fairfield Bush & CO. now owns 3,370 shares of the information services provider’s stock worth $9,412,000 after purchasing an additional 214 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Analyst Upgrades and Downgrades

GOOG has been the subject of several recent analyst reports. Susquehanna upped their target price on shares of Alphabet from $150.00 to $170.00 and gave the stock a “positive” rating in a research report on Wednesday, January 31st. Raymond James upped their target price on shares of Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Morgan Stanley restated an “overweight” rating and issued a $165.00 target price on shares of Alphabet in a research report on Thursday, April 11th. Finally, Oppenheimer upped their price target on shares of Alphabet from $172.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, April 8th. Five analysts have rated the stock with a buy rating, According to MarketBeat, Alphabet currently has a consensus rating of “Buy” and an average price target of $157.50.

Alphabet Stock Down 1.8 %

GOOG stock opened at $156.33 on Tuesday. Alphabet Inc. has a 12 month low of $103.27 and a 12 month high of $161.70. The firm has a market cap of $1.94 trillion, a PE ratio of 26.95, a P/E/G ratio of 1.47 and a beta of 1.05. The firm has a 50 day simple moving average of $146.73 and a 200 day simple moving average of $141.34. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10.

Alphabet (NASDAQ:GOOG) last released its earnings results on Tuesday, January 30th. The information services provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.60 by $0.04. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The business had revenue of $86.31 billion during the quarter, compared to analyst estimates of $85.28 billion. During the same period in the prior year, the business earned $1.05 earnings per share. The business’s quarterly revenue was up 13.5% on a year-over-year basis. Equities research analysts forecast that Alphabet Inc. will post 6.78 earnings per share for the current fiscal year.

Insider Activity at Alphabet

In related news, Director John L. Hennessy sold 800 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $159.56, for a total value of $127,648.00. Following the completion of the sale, the director now owns 7,991 shares in the company, valued at approximately $1,275,043.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director John L. Hennessy sold 800 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $159.56, for a total value of $127,648.00. Following the completion of the sale, the director now owns 7,991 shares in the company, valued at approximately $1,275,043.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $132.70, for a total transaction of $2,985,750.00. Following the completion of the sale, the chief executive officer now owns 2,332,691 shares of the company’s stock, valued at approximately $309,548,095.70. The disclosure for this sale can be found here. Insiders sold a total of 251,339 shares of company stock valued at $36,033,907 over the last ninety days. Insiders own 12.99% of the company’s stock.

About Alphabet

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, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.