Mirador Capital Partners LP raised its position in Alphabet Inc (NASDAQ:GOOG) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,266 shares of the information services provider’s stock after purchasing an additional 19 shares during the quarter. Alphabet comprises 1.8% of Mirador Capital Partners LP’s investment portfolio, making the stock its 13th biggest position. Mirador Capital Partners LP’s holdings in Alphabet were worth $4,367,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Orrstown Financial Services Inc. purchased a new stake in shares of Alphabet in the 3rd quarter valued at approximately $26,000. 1 North Wealth Services LLC purchased a new stake in shares of Alphabet in the 3rd quarter valued at approximately $40,000. Vista Private Wealth Partners. LLC purchased a new stake in shares of Alphabet in the 3rd quarter valued at approximately $46,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of Alphabet in the 4th quarter valued at approximately $47,000. Finally, Candriam Luxembourg S.C.A. increased its position in shares of Alphabet by 3.9% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 39,076 shares of the information services provider’s stock valued at $48,000 after purchasing an additional 1,470 shares during the last quarter. Institutional investors own 33.79% of the company’s stock.
A number of brokerages have commented on GOOG. Deutsche Bank dropped their price objective on shares of Alphabet from $1,600.00 to $1,550.00 and set a “buy” rating on the stock in a research report on Tuesday, October 29th. UBS Group reissued a “buy” rating and issued a $1,675.00 price objective (up from $1,460.00) on shares of Alphabet in a research report on Friday. Mizuho increased their price objective on shares of Alphabet from $1,400.00 to $1,450.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Credit Suisse Group increased their price objective on shares of Alphabet from $1,500.00 to $1,700.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, ValuEngine downgraded shares of Alphabet from a “hold” rating to a “sell” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twenty-three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $1,499.88.
Shares of Alphabet stock traded up $12.87 during trading hours on Friday, hitting $1,464.57. The company had a trading volume of 752,262 shares, compared to its average volume of 1,487,129. The company’s 50-day moving average is $1,359.21 and its two-hundred day moving average is $1,249.78. Alphabet Inc has a twelve month low of $1,025.00 and a twelve month high of $1,451.99. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.78 and a quick ratio of 3.75. The company has a market cap of $986.86 billion, a P/E ratio of 30.83, a price-to-earnings-growth ratio of 1.57 and a beta of 1.01.
Alphabet (NASDAQ:GOOG) last issued its earnings results on Monday, October 28th. The information services provider reported $10.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.57 by ($2.45). Alphabet had a net margin of 21.04% and a return on equity of 18.34%. The company had revenue of $40.50 billion during the quarter, compared to analyst estimates of $40.17 billion. During the same quarter in the previous year, the company posted $13.06 EPS. The company’s quarterly revenue was up 20.0% on a year-over-year basis. Sell-side analysts expect that Alphabet Inc will post 49.03 EPS for the current year.
In related news, CAO Amie Thuener O’toole sold 54 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $1,276.45, for a total transaction of $68,928.30. Following the completion of the sale, the chief accounting officer now owns 388 shares in the company, valued at approximately $495,262.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Capitalg Lp sold 73,046 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $50.04, for a total transaction of $3,655,221.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,344,673 shares of company stock valued at $316,380,721. Company insiders own 12.99% of the company’s stock.
Alphabet Company Profile
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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