Capital Investment Services of America Inc. Buys 169 Shares of Alphabet Inc (NASDAQ:GOOG)

Capital Investment Services of America Inc. lifted its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 1.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,285 shares of the information services provider’s stock after purchasing an additional 169 shares during the quarter. Alphabet accounts for about 2.2% of Capital Investment Services of America Inc.’s portfolio, making the stock its 23rd largest position. Capital Investment Services of America Inc.’s holdings in Alphabet were worth $14,975,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Rothschild Investment Corp IL boosted its position in Alphabet by 1.5% during the 3rd quarter. Rothschild Investment Corp IL now owns 7,854 shares of the information services provider’s stock worth $9,574,000 after buying an additional 117 shares during the period. Successful Portfolios LLC boosted its position in Alphabet by 3.2% during the 3rd quarter. Successful Portfolios LLC now owns 829 shares of the information services provider’s stock worth $1,010,000 after buying an additional 26 shares during the period. Northside Capital Management LLC acquired a new stake in Alphabet during the 3rd quarter worth approximately $471,000. Rockland Trust Co. boosted its position in Alphabet by 32.9% during the 3rd quarter. Rockland Trust Co. now owns 1,585 shares of the information services provider’s stock worth $1,883,000 after buying an additional 392 shares during the period. Finally, Affiance Financial LLC boosted its position in Alphabet by 6.2% during the 3rd quarter. Affiance Financial LLC now owns 632 shares of the information services provider’s stock worth $770,000 after buying an additional 37 shares during the period. 33.79% of the stock is currently owned by institutional investors.

Several equities research analysts recently commented on the stock. Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a research report on Tuesday, July 23rd. Benchmark reiterated a “buy” rating and set a $1,360.00 target price (up from $1,315.00) on shares of Alphabet in a research report on Friday, July 26th. UBS Group reiterated a “buy” rating on shares of Alphabet in a research report on Friday, July 26th. Wedbush lifted their target price on shares of Alphabet from $1,350.00 to $1,500.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Zacks Investment Research downgraded shares of Alphabet from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. 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. The company presently has an average rating of “Buy” and a consensus target price of $1,378.93.

Shares of NASDAQ GOOG traded up $6.78 during midday trading on Friday, reaching $1,215.45. The stock had a trading volume of 1,147,892 shares, compared to its average volume of 1,454,870. The firm has a market cap of $824.54 billion, a price-to-earnings ratio of 25.58, a price-to-earnings-growth ratio of 1.39 and a beta of 0.99. Alphabet Inc has a twelve month low of $970.11 and a twelve month high of $1,289.27. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.96 and a current ratio of 3.98. The company’s 50 day moving average price is $1,204.96 and its 200 day moving average price is $1,171.62.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, July 25th. The information services provider reported $14.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $11.49 by $2.72. The firm had revenue of $38.94 billion for the quarter, compared to the consensus estimate of $38.21 billion. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $11.75 EPS. Equities analysts forecast that Alphabet Inc will post 51.66 earnings per share for the current fiscal year.

In other news, Director John L. Hennessy sold 75 shares of Alphabet stock in a transaction on Monday, July 29th. The shares were sold at an average price of $1,238.57, for a total value of $92,892.75. Following the completion of the sale, the director now owns 276 shares in the company, valued at approximately $341,845.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John L. Hennessy sold 150 shares of Alphabet stock in a transaction on Friday, July 26th. The shares were sold at an average price of $1,225.00, for a total transaction of $183,750.00. Following the completion of the sale, the director now owns 276 shares of the company’s stock, valued at approximately $338,100. The disclosure for this sale can be found here. Insiders sold a total of 5,391 shares of company stock worth $6,502,992 in the last 90 days. Corporate 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.

Featured Story: Google Finance Portfolio Tips and Tricks

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc (NASDAQ:GOOG).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply