Capital Advisors Inc. OK Increases Stake in Alphabet Inc. $GOOGL

Key Points

• Capital Advisors Inc. OK increased its stake in Alphabet Inc. by 8.3%, owning a total of 30,054 shares valued at approximately $5.3 million as per their latest SEC filing.
• Alphabet reported earnings of $2.31 EPS for the latest quarter, surpassing estimates, with a revenue of $96.43 billion compared to analyst projections of $93.6 billion.
• Insider transactions showed that CEO Sundar Pichai sold 32,500 shares worth about $7.91 million, reducing his ownership by 1.33%.

Capital Advisors Inc. OK grew its stake in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 8.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 30,054 shares of the information services provider's stock after buying an additional 2,315 shares during the quarter. Capital Advisors Inc. OK's holdings in Alphabet were worth $5,296,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in GOOGL. Brighton Jones LLC boosted its stake in shares of Alphabet by 3.9% in the 4th quarter. Brighton Jones LLC now owns 110,330 shares of the information services provider's stock valued at $20,886,000 after buying an additional 4,110 shares during the period. Revolve Wealth Partners LLC raised its position in shares of Alphabet by 3.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 14,930 shares of the information services provider's stock worth $2,826,000 after acquiring an additional 506 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Alphabet by 10.5% during the 1st quarter. GAMMA Investing LLC now owns 103,870 shares of the information services provider's stock worth $16,062,000 after acquiring an additional 9,900 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Alphabet by 4.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,508,914 shares of the information services provider's stock worth $387,979,000 after acquiring an additional 106,082 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC raised its position in shares of Alphabet by 8.0% during the 1st quarter. Foster Victor Wealth Advisors LLC now owns 133,996 shares of the information services provider's stock worth $21,056,000 after acquiring an additional 9,876 shares in the last quarter. Hedge funds and other institutional investors own 40.03% of the company's stock.

Alphabet Trading Up 0.5%

NASDAQ:GOOGL opened at $245.45 on Wednesday. The firm has a market cap of $2.97 trillion, a P/E ratio of 26.14, a PEG ratio of 1.65 and a beta of 1.00. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.07. The stock's 50 day simple moving average is $228.31 and its 200-day simple moving average is $189.86. Alphabet Inc. has a 12-month low of $140.53 and a 12-month high of $256.00.

Alphabet (NASDAQ:GOOGL - Get Free Report) last released its earnings results on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.15 by $0.16. The business had revenue of $96.43 billion for the quarter, compared to analyst estimates of $93.60 billion. Alphabet had a return on equity of 34.31% and a net margin of 31.12%. Equities analysts anticipate that Alphabet Inc. will post 8.9 EPS for the current year.

Alphabet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Monday, September 8th were paid a $0.21 dividend. The ex-dividend date was Monday, September 8th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.3%. Alphabet's payout ratio is 8.95%.

Insider Transactions at Alphabet

In related news, CEO Sundar Pichai sold 32,500 shares of Alphabet stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $243.41, for a total value of $7,910,825.00. Following the sale, the chief executive officer directly owned 2,402,119 shares in the company, valued at $584,699,785.79. The trade was a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider John Kent Walker sold 17,816 shares of Alphabet stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $247.42, for a total value of $4,408,034.72. Following the completion of the sale, the insider owned 42,985 shares in the company, valued at approximately $10,635,348.70. This trade represents a 29.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 243,838 shares of company stock valued at $53,070,333. 11.55% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on GOOGL shares. Citizens Jmp raised their target price on Alphabet from $250.00 to $290.00 and gave the stock an "outperform" rating in a research report on Friday, September 19th. Weiss Ratings reissued a "buy (b)" rating on shares of Alphabet in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Alphabet in a research report on Wednesday, September 3rd. Barclays raised their target price on Alphabet from $235.00 to $250.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 3rd. Finally, Canaccord Genuity Group raised their target price on Alphabet from $230.00 to $270.00 and gave the stock a "buy" rating in a research report on Thursday, September 4th. Four research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $249.26.

Alphabet Company Profile

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.

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