2,625 Shares in Alphabet Inc. (NASDAQ:GOOG) Acquired by Oakwell Private Wealth Management LLC

Oakwell Private Wealth Management LLC acquired a new position in Alphabet Inc. (NASDAQ:GOOG - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,625 shares of the information services provider's stock, valued at approximately $410,000.

A number of other large investors also recently bought and sold shares of GOOG. Norges Bank purchased a new position in shares of Alphabet in the 4th quarter valued at approximately $5,166,070,000. GAMMA Investing LLC increased its position in shares of Alphabet by 18,562.3% in the 1st quarter. GAMMA Investing LLC now owns 14,323,323 shares of the information services provider's stock valued at $2,237,733,000 after acquiring an additional 14,246,573 shares during the period. Northern Trust Corp increased its position in shares of Alphabet by 16.1% in the 4th quarter. Northern Trust Corp now owns 57,098,042 shares of the information services provider's stock valued at $10,873,751,000 after acquiring an additional 7,917,625 shares during the period. GQG Partners LLC increased its position in shares of Alphabet by 181,679.1% in the 4th quarter. GQG Partners LLC now owns 7,225,721 shares of the information services provider's stock valued at $1,376,066,000 after acquiring an additional 7,221,746 shares during the period. Finally, Capital International Investors increased its position in shares of Alphabet by 6.7% in the 4th quarter. Capital International Investors now owns 91,236,069 shares of the information services provider's stock valued at $17,376,706,000 after acquiring an additional 5,758,244 shares during the period. Institutional investors own 27.26% of the company's stock.

Alphabet Trading Up 1.0%

Shares of GOOG stock traded up $1.83 during trading on Thursday, hitting $193.34. 38,408,297 shares of the stock traded hands, compared to its average volume of 24,185,656. The firm has a market capitalization of $2.35 trillion, a P/E ratio of 21.55, a price-to-earnings-growth ratio of 1.33 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.77 and a quick ratio of 1.77. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $208.70. The firm's fifty day moving average price is $175.77 and its 200-day moving average price is $174.72.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The information services provider reported $2.31 earnings per share for the quarter, topping analysts' consensus estimates of $2.12 by $0.19. The business had revenue of $96.43 billion for the quarter, compared to analyst estimates of $93.67 billion. Alphabet had a return on equity of 34.54% and a net margin of 30.86%. The company's revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.89 earnings per share. As a group, research analysts forecast that Alphabet Inc. will post 8.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Alphabet

In related news, Director Kavitark Ram Shriram sold 18,566 shares of the stock in a transaction on Friday, July 18th. The stock was sold at an average price of $185.76, for a total value of $3,448,820.16. Following the transaction, the director owned 243,400 shares of the company's stock, valued at $45,213,984. This represents a 7.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $178.52, for a total value of $5,801,900.00. Following the completion of the transaction, the chief executive officer directly owned 2,559,892 shares in the company, valued at $456,991,919.84. This trade represents a 1.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold 249,409 shares of company stock worth $43,523,710 in the last three months. 12.99% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on GOOG shares. Oppenheimer reissued an "outperform" rating and issued a $235.00 target price (up from $220.00) on shares of Alphabet in a research report on Thursday. Pivotal Research boosted their price target on Alphabet from $225.00 to $245.00 and gave the company a "buy" rating in a report on Thursday. The Goldman Sachs Group reissued a "buy" rating and issued a $220.00 price target on shares of Alphabet in a report on Monday, June 2nd. Raymond James Financial restated an "outperform" rating and set a $210.00 target price (up from $185.00) on shares of Alphabet in a research report on Thursday. Finally, Cowen restated a "buy" rating on shares of Alphabet in a research report on Wednesday, July 9th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have issued a buy rating and five have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $215.19.

Alphabet 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.