Alphabet Inc (GOOG) Holdings Lessened by Capital Advisors Inc. OK

Capital Advisors Inc. OK lessened its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 2.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,849 shares of the information services provider’s stock after selling 361 shares during the period. Alphabet comprises approximately 1.0% of Capital Advisors Inc. OK’s investment portfolio, making the stock its 25th biggest position. Capital Advisors Inc. OK’s holdings in Alphabet were worth $16,566,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in GOOG. Summit Trail Advisors LLC boosted its position in shares of Alphabet by 132,719.3% during the first quarter. Summit Trail Advisors LLC now owns 18,679,702 shares of the information services provider’s stock valued at $18,680,000 after buying an additional 18,665,638 shares during the period. Magellan Asset Management Ltd boosted its position in shares of Alphabet by 684.2% during the first quarter. Magellan Asset Management Ltd now owns 2,114,849 shares of the information services provider’s stock valued at $2,182,080,000 after buying an additional 1,845,160 shares during the period. Cornerstone Wealth Management LLC boosted its position in shares of Alphabet by 114,793.0% during the second quarter. Cornerstone Wealth Management LLC now owns 723,826 shares of the information services provider’s stock valued at $642,000 after buying an additional 723,196 shares during the period. BlackRock Inc. boosted its position in shares of Alphabet by 1.9% during the first quarter. BlackRock Inc. now owns 19,071,440 shares of the information services provider’s stock valued at $19,677,721,000 after buying an additional 352,952 shares during the period. Finally, TT International boosted its position in shares of Alphabet by 2,493.6% during the first quarter. TT International now owns 205,000 shares of the information services provider’s stock valued at $15,178,000 after buying an additional 197,096 shares during the period. Institutional investors and hedge funds own 34.18% of the company’s stock.

Several research firms have recently weighed in on GOOG. Morgan Stanley reaffirmed a “buy” rating on shares of Alphabet in a research note on Thursday, June 28th. Societe Generale reaffirmed a “buy” rating on shares of Alphabet in a research note on Friday, July 6th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Alphabet in a research note on Tuesday, July 10th. Nomura reaffirmed a “buy” rating on shares of Alphabet in a research note on Wednesday, July 11th. Finally, Cowen lifted their price target on shares of Alphabet from $1,245.00 to $1,350.00 and gave the company an “outperform” rating in a research note on Friday, July 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-five have assigned a buy rating to the stock. Alphabet presently has a consensus rating of “Buy” and an average target price of $1,311.71.

In related news, Director John L. Hennessy sold 724 shares of the business’s stock in a transaction that occurred on Wednesday, July 25th. The shares were sold at an average price of $1,250.30, for a total value of $905,217.20. Following the completion of the transaction, the director now owns 442 shares of the company’s stock, valued at $552,632.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 80 shares of the business’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $1,193.80, for a total transaction of $95,504.00. Following the completion of the transaction, the chief accounting officer now directly owns 388 shares of the company’s stock, valued at approximately $463,194.40. The disclosure for this sale can be found here. Insiders sold 82,680 shares of company stock valued at $99,664,675 in the last three months. 13.11% of the stock is currently owned by insiders.

Shares of NASDAQ:GOOG opened at $1,110.08 on Friday. The company has a market capitalization of $830.59 billion, a P/E ratio of 29.15 and a beta of 1.11. Alphabet Inc has a 52 week low of $960.52 and a 52 week high of $1,273.89. The company has a quick ratio of 4.13, a current ratio of 4.15 and a debt-to-equity ratio of 0.02.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Monday, July 23rd. The information services provider reported $11.75 EPS for the quarter, topping analysts’ consensus estimates of $9.66 by $2.09. The company had revenue of $32.66 billion during the quarter, compared to the consensus estimate of $32.13 billion. Alphabet had a net margin of 13.16% and a return on equity of 18.24%. Alphabet’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.01 earnings per share.

About Alphabet

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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