Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by Cape Investment Advisory Inc.

Cape Investment Advisory Inc. increased its stake in Alphabet Inc. (NASDAQ:GOOG) by 8.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,361 shares of the information services provider’s stock after purchasing an additional 1,328 shares during the quarter. Alphabet comprises about 1.1% of Cape Investment Advisory Inc.’s portfolio, making the stock its 14th biggest holding. Cape Investment Advisory Inc.’s holdings in Alphabet were worth $2,306,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of GOOG. WealthPlan Investment Management LLC raised its position in Alphabet by 508.0% in the third quarter. WealthPlan Investment Management LLC now owns 56,632 shares of the information services provider’s stock worth $7,467,000 after acquiring an additional 47,317 shares in the last quarter. Bahl & Gaynor Inc. raised its holdings in Alphabet by 0.6% during the 3rd quarter. Bahl & Gaynor Inc. now owns 59,531 shares of the information services provider’s stock worth $7,849,000 after buying an additional 363 shares during the period. Valley Brook Capital Group Inc. raised its holdings in Alphabet by 6.3% during the 3rd quarter. Valley Brook Capital Group Inc. now owns 8,315 shares of the information services provider’s stock worth $1,096,000 after buying an additional 495 shares during the period. Carl P. Sherr & Co. LLC lifted its stake in Alphabet by 1.1% during the third quarter. Carl P. Sherr & Co. LLC now owns 9,895 shares of the information services provider’s stock valued at $1,305,000 after buying an additional 108 shares in the last quarter. Finally, Certuity LLC lifted its stake in Alphabet by 8.6% during the third quarter. Certuity LLC now owns 18,532 shares of the information services provider’s stock valued at $2,607,000 after buying an additional 1,474 shares in the last quarter. Institutional investors and hedge funds own 27.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on GOOG. Stifel Nicolaus upped their price objective on shares of Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Susquehanna upped their price objective on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research note on Wednesday, January 31st. Oppenheimer upped their price objective on shares of Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $165.00 price objective on shares of Alphabet in a research note on Thursday, April 11th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $165.67.

Insider Activity at Alphabet

In other news, CAO Amie Thuener O’toole sold 682 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $136.49, for a total transaction of $93,086.18. Following the transaction, the chief accounting officer now owns 28,602 shares in the company, valued at approximately $3,903,886.98. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $132.70, for a total value of $2,985,750.00. Following the completion of the sale, the chief executive officer now directly owns 2,332,691 shares in the company, valued at $309,548,095.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $136.49, for a total transaction of $93,086.18. Following the completion of the transaction, the chief accounting officer now owns 28,602 shares in the company, valued at $3,903,886.98. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 205,935 shares of company stock valued at $31,178,987. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Stock Up 0.7 %

Shares of NASDAQ GOOG traded up $1.27 during mid-day trading on Friday, reaching $176.33. The company had a trading volume of 11,403,560 shares, compared to its average volume of 21,240,740. The stock has a fifty day moving average of $162.27 and a two-hundred day moving average of $148.21. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.15 and a current ratio of 2.15. The company has a market capitalization of $2.18 trillion, a price-to-earnings ratio of 27.04, a PEG ratio of 1.31 and a beta of 1.02. Alphabet Inc. has a 12-month low of $115.83 and a 12-month high of $179.95.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.38. Alphabet had a return on equity of 29.52% and a net margin of 25.90%. The firm had revenue of $80.54 billion for the quarter, compared to the consensus estimate of $78.75 billion. During the same quarter in the previous year, the company posted $1.17 earnings per share. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. As a group, equities research analysts expect that Alphabet Inc. will post 7.7 EPS for the current year.

Alphabet Announces Dividend

The company also recently disclosed a — dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be issued a $0.20 dividend. The ex-dividend date is Monday, June 10th.

Alphabet Company Profile

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.