Capitalg Lp Sells 282,589 Shares of Alphabet Inc (NASDAQ:GOOG) Stock

Alphabet Inc (NASDAQ:GOOG) major shareholder Capitalg Lp sold 282,589 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $65.30, for a total value of $18,453,061.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Capitalg Lp also recently made the following trade(s):

  • On Thursday, February 13th, Capitalg Lp sold 830,211 shares of Alphabet stock. The shares were sold at an average price of $65.53, for a total value of $54,403,726.83.
  • On Tuesday, February 4th, Capitalg Lp sold 242,124 shares of Alphabet stock. The shares were sold at an average price of $63.65, for a total value of $15,411,192.60.
  • On Wednesday, January 22nd, Capitalg Lp sold 12,487 shares of Alphabet stock. The stock was sold at an average price of $63.94, for a total value of $798,418.78.
  • On Wednesday, January 15th, Capitalg Lp sold 330,027 shares of Alphabet stock. The stock was sold at an average price of $61.38, for a total value of $20,257,057.26.
  • On Monday, January 6th, Capitalg Lp sold 2,085,172 shares of Alphabet stock. The shares were sold at an average price of $52.59, for a total value of $109,659,195.48.
  • On Thursday, January 2nd, Capitalg Lp sold 371,081 shares of Alphabet stock. The shares were sold at an average price of $50.26, for a total transaction of $18,650,531.06.
  • On Monday, December 30th, Capitalg Lp sold 555,822 shares of Alphabet stock. The stock was sold at an average price of $50.09, for a total transaction of $27,841,123.98.
  • On Thursday, December 26th, Capitalg Lp sold 73,046 shares of Alphabet stock. The stock was sold at an average price of $50.04, for a total transaction of $3,655,221.84.
  • On Monday, December 9th, Capitalg Lp sold 144,877 shares of Alphabet stock. The stock was sold at an average price of $50.33, for a total transaction of $7,291,659.41.

Shares of GOOG stock opened at $1,520.74 on Friday. Alphabet Inc has a 1 year low of $1,025.00 and a 1 year high of $1,529.63. The company has a current ratio of 3.37, a quick ratio of 3.35 and a debt-to-equity ratio of 0.07. The firm’s 50 day moving average is $1,435.34 and its 200-day moving average is $1,297.27. The firm has a market capitalization of $1,040.52 billion, a price-to-earnings ratio of 30.92, a PEG ratio of 1.69 and a beta of 1.02.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Monday, February 3rd. The information services provider reported $15.35 earnings per share for the quarter, beating analysts’ consensus estimates of $12.76 by $2.59. Alphabet had a net margin of 21.22% and a return on equity of 18.66%. The business had revenue of $46.08 billion during the quarter, compared to analyst estimates of $46.87 billion. During the same quarter last year, the business posted $10.95 earnings per share. Alphabet’s revenue for the quarter was up 17.3% compared to the same quarter last year. On average, equities research analysts forecast that Alphabet Inc will post 54.5 earnings per share for the current fiscal year.

GOOG has been the subject of several analyst reports. ValuEngine downgraded shares of Alphabet from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. Stifel Nicolaus raised shares of Alphabet from a “hold” rating to a “buy” rating in a research note on Thursday, December 5th. Credit Suisse Group reaffirmed a “buy” rating on shares of Alphabet in a report on Tuesday, February 4th. Piper Jaffray Companies began coverage on shares of Alphabet in a research note on Tuesday, December 3rd. They issued an “overweight” rating and a $1,500.00 target price for the company. Finally, Nomura lifted their target price on shares of Alphabet from to in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $1,591.10.

A number of large investors have recently bought and sold shares of GOOG. Lighthouse Financial Advisors Inc. acquired a new position in Alphabet in the fourth quarter valued at approximately $25,000. 1 North Wealth Services LLC bought a new position in Alphabet in the third quarter valued at approximately $40,000. OLD Second National Bank of Aurora boosted its stake in Alphabet by 50.0% in the fourth quarter. OLD Second National Bank of Aurora now owns 30 shares of the information services provider’s stock valued at $40,000 after acquiring an additional 10 shares during the last quarter. Wealthcare Capital Management LLC grew its holdings in Alphabet by 300.0% during the 4th quarter. Wealthcare Capital Management LLC now owns 32 shares of the information services provider’s stock worth $43,000 after acquiring an additional 24 shares during the period. Finally, Cedar Mountain Advisors LLC acquired a new stake in Alphabet during the 4th quarter worth $43,000. 33.80% of the stock is currently owned by hedge funds and other institutional investors.

About Alphabet

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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