Opera Trading Capital Buys 745 Shares of Alphabet Inc (GOOG)

Opera Trading Capital grew its holdings in Alphabet Inc (NASDAQ:GOOG) by 20.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,366 shares of the information services provider’s stock after purchasing an additional 745 shares during the quarter. Opera Trading Capital’s holdings in Alphabet were worth $4,187,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of GOOG. Capital Investment Advisory Services LLC increased its holdings in Alphabet by 0.4% in the second quarter. Capital Investment Advisory Services LLC now owns 253 shares of the information services provider’s stock valued at $230,000 after purchasing an additional 1 shares during the last quarter. Capital Advantage Inc. increased its holdings in shares of Alphabet by 0.4% in the second quarter. Capital Advantage Inc. now owns 273 shares of the information services provider’s stock worth $248,000 after acquiring an additional 1 shares in the last quarter. Foster & Motley Inc. increased its holdings in shares of Alphabet by 0.8% in the second quarter. Foster & Motley Inc. now owns 265 shares of the information services provider’s stock worth $241,000 after acquiring an additional 2 shares in the last quarter. Saratoga Research & Investment Management increased its holdings in shares of Alphabet by 1.2% in the second quarter. Saratoga Research & Investment Management now owns 257 shares of the information services provider’s stock worth $234,000 after acquiring an additional 3 shares in the last quarter. Finally, Edge Wealth Management LLC increased its holdings in shares of Alphabet by 0.9% in the second quarter. Edge Wealth Management LLC now owns 340 shares of the information services provider’s stock worth $309,000 after acquiring an additional 3 shares in the last quarter. 34.46% of the stock is currently owned by institutional investors.

Alphabet Inc (NASDAQ:GOOG) opened at $1,069.70 on Thursday. Alphabet Inc has a 12-month low of $803.37 and a 12-month high of $1,186.89. The firm has a market capitalization of $744,090.00, a PE ratio of 59.56 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.14 and a quick ratio of 5.11.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, February 1st. The information services provider reported $9.70 EPS for the quarter, missing analysts’ consensus estimates of $10.07 by ($0.37). Alphabet had a net margin of 11.42% and a return on equity of 14.94%. The firm had revenue of $32.32 billion during the quarter, compared to the consensus estimate of $31.88 billion. During the same period in the previous year, the firm earned $9.36 earnings per share. The business’s quarterly revenue was up 24.0% on a year-over-year basis.

Alphabet announced that its Board of Directors has approved a share repurchase program on Thursday, February 1st that authorizes the company to buyback $8.59 billion in shares. This buyback authorization authorizes the information services provider to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

Several brokerages have issued reports on GOOG. BidaskClub upgraded Alphabet from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 10th. TheStreet cut Alphabet from an “a” rating to a “c+” rating in a research report on Thursday, February 1st. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. JMP Securities reissued a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Finally, Vetr cut Alphabet from a “sell” rating to a “strong sell” rating and set a $949.65 price target for the company. in a research report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirty-six have issued a buy rating to the company. Alphabet presently has a consensus rating of “Buy” and an average target price of $1,061.93.

In other Alphabet news, Director Ann Mather sold 38 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $1,015.80, for a total transaction of $38,600.40. Following the completion of the sale, the director now directly owns 1,813 shares of the company’s stock, valued at approximately $1,841,645.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP James Grier Campbell sold 238 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $1,162.61, for a total value of $276,701.18. The disclosure for this sale can be found here. Insiders sold a total of 27,435 shares of company stock valued at $29,030,612 over the last ninety days. 13.92% of the stock is currently owned by corporate insiders.

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About Alphabet

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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