Alphabet Inc. (NASDAQ:GOOG) Position Raised by Syon Capital LLC

Syon Capital LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 872.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 325,089 shares of the information services provider’s stock after acquiring an additional 291,667 shares during the period. Alphabet makes up approximately 3.3% of Syon Capital LLC’s portfolio, making the stock its 6th largest holding. Syon Capital LLC’s holdings in Alphabet were worth $45,815,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Kozak & Associates Inc. raised its holdings in Alphabet by 2.9% in the third quarter. Kozak & Associates Inc. now owns 9,412 shares of the information services provider’s stock worth $1,306,000 after buying an additional 265 shares during the last quarter. Avior Wealth Management LLC increased its position in shares of Alphabet by 1.4% during the third quarter. Avior Wealth Management LLC now owns 24,970 shares of the information services provider’s stock valued at $3,292,000 after acquiring an additional 346 shares in the last quarter. Founders Financial Securities LLC raised its holdings in Alphabet by 32.1% in the 3rd quarter. Founders Financial Securities LLC now owns 2,548 shares of the information services provider’s stock worth $336,000 after acquiring an additional 619 shares during the last quarter. Leonard Rickey Investment Advisors P.L.L.C. lifted its position in Alphabet by 4.3% in the 3rd quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 2,543 shares of the information services provider’s stock valued at $335,000 after acquiring an additional 106 shares in the last quarter. Finally, Integrated Investment Consultants LLC boosted its stake in Alphabet by 10.2% during the 3rd quarter. Integrated Investment Consultants LLC now owns 7,552 shares of the information services provider’s stock valued at $996,000 after purchasing an additional 700 shares during the last quarter. 27.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

GOOG has been the topic of a number of research analyst reports. Oppenheimer upped their price target on Alphabet from $172.00 to $185.00 and gave the company an “outperform” rating in a report on Monday, April 8th. Susquehanna increased their price objective on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Stifel Nicolaus boosted their target price on shares of Alphabet from $154.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Raymond James increased their price target on Alphabet from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $165.00 price objective on shares of Alphabet in a research report on Thursday, April 11th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $165.67.

Alphabet Trading Up 10.0 %

NASDAQ:GOOG opened at $173.69 on Friday. Alphabet Inc. has a one year low of $104.42 and a one year high of $176.42. The business has a fifty day moving average price of $149.12 and a 200-day moving average price of $142.75. The firm has a market capitalization of $2.16 trillion, a price-to-earnings ratio of 26.64, a price-to-earnings-growth ratio of 1.45 and a beta of 1.05. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.10 and a quick ratio of 2.10.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, April 25th. The information services provider reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.40. Alphabet had a return on equity of 30.01% and a net margin of 25.90%. The business had revenue of $80.54 billion during the quarter, compared to analysts’ expectations of $78.75 billion. During the same quarter in the prior year, the business posted $1.17 earnings per share. The business’s quarterly revenue was up 15.4% on a year-over-year basis. Sell-side analysts forecast that Alphabet Inc. will post 6.79 EPS for the current year.

Insider Activity at Alphabet

In other Alphabet news, Director John L. Hennessy sold 2,100 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $175.76, for a total transaction of $369,096.00. Following the sale, the director now directly owns 5,891 shares of the company’s stock, valued at $1,035,402.16. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Alphabet news, Director John L. Hennessy sold 2,100 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $175.76, for a total value of $369,096.00. Following the completion of the transaction, the director now directly owns 5,891 shares in the company, valued at approximately $1,035,402.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Ruth Porat sold 48,077 shares of the business’s stock in a transaction on Friday, March 8th. The stock was sold at an average price of $137.22, for a total transaction of $6,597,125.94. Following the completion of the transaction, the chief financial officer now directly owns 1,777,106 shares in the company, valued at approximately $243,854,485.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 253,439 shares of company stock worth $36,746,578. 12.99% of the stock is owned by corporate insiders.

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.