Regatta Capital Group LLC Acquires 272 Shares of Alphabet Inc. (NASDAQ:GOOG)

Regatta Capital Group LLC raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOGFree Report) by 1.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,908 shares of the information services provider’s stock after acquiring an additional 272 shares during the quarter. Regatta Capital Group LLC’s holdings in Alphabet were worth $2,242,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Moneta Group Investment Advisors LLC grew its stake in shares of Alphabet by 61,587.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 130,046,253 shares of the information services provider’s stock valued at $11,539,004,000 after buying an additional 129,835,437 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Alphabet by 1,807.4% in the third quarter. Bank of New York Mellon Corp now owns 57,069,444 shares of the information services provider’s stock valued at $5,487,226,000 after buying an additional 54,077,519 shares in the last quarter. Norges Bank bought a new position in shares of Alphabet in the fourth quarter valued at $3,059,614,000. Morgan Stanley grew its stake in shares of Alphabet by 37.6% in the fourth quarter. Morgan Stanley now owns 71,779,112 shares of the information services provider’s stock valued at $6,368,961,000 after buying an additional 19,612,974 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Alphabet by 11.3% in the third quarter. JPMorgan Chase & Co. now owns 95,941,129 shares of the information services provider’s stock valued at $12,649,838,000 after buying an additional 9,703,425 shares in the last quarter. 27.26% of the stock is owned by institutional investors.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $154.79, for a total transaction of $105,566.78. Following the completion of the sale, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at $4,532,870.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Amie Thuener O’toole sold 682 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $154.79, for a total value of $105,566.78. Following the completion of the transaction, the chief accounting officer now owns 29,284 shares of the company’s stock, valued at $4,532,870.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Ruth Porat sold 48,077 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $137.22, for a total value of $6,597,125.94. Following the completion of the transaction, the chief financial officer now directly owns 1,777,106 shares of the company’s stock, valued at approximately $243,854,485.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 228,239 shares of company stock valued at $32,432,382. 12.99% of the stock is currently owned by corporate insiders.

Alphabet Trading Down 0.4 %

Shares of Alphabet stock opened at $155.87 on Wednesday. Alphabet Inc. has a 1 year low of $102.38 and a 1 year high of $157.00. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10. The company has a market capitalization of $1.94 trillion, a price-to-earnings ratio of 26.87, a P/E/G ratio of 1.41 and a beta of 1.05. The business has a fifty day simple moving average of $145.15 and a two-hundred day simple moving average of $139.74.

Alphabet (NASDAQ:GOOGGet Free Report) last posted its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Alphabet had a return on equity of 27.22% and a net margin of 24.01%. The company had revenue of $86.31 billion during the quarter, compared to the consensus estimate of $85.28 billion. During the same quarter last year, the firm earned $1.05 earnings per share. The company’s revenue was up 13.5% on a year-over-year basis. Research analysts forecast that Alphabet Inc. will post 6.77 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GOOG. Raymond James raised their target price on shares of Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Susquehanna raised their price target on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Alphabet has a consensus rating of “Buy” and an average price target of $146.33.

View Our Latest Stock Analysis on Alphabet

About Alphabet

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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