One Capital Management LLC increased its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 3.1% during the 3rd quarter, Holdings Channel reports. The firm owned 3,984 shares of the information services provider’s stock after purchasing an additional 118 shares during the quarter. Alphabet makes up 0.9% of One Capital Management LLC’s holdings, making the stock its 27th biggest position. One Capital Management LLC’s holdings in Alphabet were worth $4,755,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Braun Bostich & Associates Inc. purchased a new position in Alphabet during the 1st quarter valued at $107,000. ELM Advisors LLC purchased a new position in Alphabet during the 3rd quarter valued at $138,000. JJJ Advisors Inc. purchased a new position in Alphabet during the 2nd quarter valued at $134,000. Blackhawk Capital Partners LLC. boosted its holdings in Alphabet by 148.6% during the 2nd quarter. Blackhawk Capital Partners LLC. now owns 174 shares of the information services provider’s stock valued at $194,000 after acquiring an additional 104 shares during the period. Finally, North Point Portfolio Managers Corp OH purchased a new position in Alphabet during the 2nd quarter valued at $201,000. 33.96% of the stock is currently owned by hedge funds and other institutional investors.
Shares of GOOG stock opened at $1,094.43 on Friday. Alphabet Inc has a twelve month low of $980.64 and a twelve month high of $1,273.89. The firm has a market capitalization of $757.32 billion, a price-to-earnings ratio of 24.49 and a beta of 1.16. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.14 and a quick ratio of 4.10.
A number of equities analysts recently issued reports on GOOG shares. Barclays restated a “buy” rating on shares of Alphabet in a report on Friday, September 14th. Morgan Stanley restated a “buy” rating on shares of Alphabet in a report on Wednesday, August 29th. DZ Bank restated a “buy” rating on shares of Alphabet in a report on Thursday, October 18th. ValuEngine cut Alphabet from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Finally, Macquarie reiterated a “buy” rating on shares of Alphabet in a report on Monday, September 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $1,301.81.
In related news, Director L John Doerr sold 11,908 shares of the company’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $1,049.76, for a total transaction of $12,500,542.08. Following the completion of the sale, the director now directly owns 3,485 shares in the company, valued at approximately $3,658,413.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann Mather sold 24 shares of the company’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $1,206.20, for a total value of $28,948.80. Following the sale, the director now owns 1,898 shares of the company’s stock, valued at $2,289,367.60. The disclosure for this sale can be found here. Insiders have sold a total of 89,267 shares of company stock valued at $99,725,538 over the last 90 days. 13.11% of the stock is currently owned by company insiders.
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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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