Alphabet Inc. (NASDAQ:GOOG) Shares Bought by Caprock Group LLC

Caprock Group LLC raised its stake in Alphabet Inc. (NASDAQ:GOOG) by 8.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 208,407 shares of the information services provider’s stock after purchasing an additional 15,869 shares during the quarter. Alphabet accounts for 1.3% of Caprock Group LLC’s investment portfolio, making the stock its 11th biggest holding. Caprock Group LLC’s holdings in Alphabet were worth $39,689,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Weiss Asset Management LP purchased a new stake in shares of Alphabet in the third quarter valued at approximately $25,000. Fiduciary Advisors Inc. acquired a new stake in shares of Alphabet during the fourth quarter valued at $27,000. Safe Harbor Fiduciary LLC purchased a new position in Alphabet during the third quarter worth about $33,000. Sanctuary Wealth Management L.L.C. lifted its position in Alphabet by 87.3% during the third quarter. Sanctuary Wealth Management L.L.C. now owns 251 shares of the information services provider’s stock worth $42,000 after buying an additional 117 shares during the period. Finally, Iron Horse Wealth Management LLC raised its holdings in shares of Alphabet by 32.3% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 344 shares of the information services provider’s stock worth $57,000 after purchasing an additional 84 shares during the period. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Citigroup raised their price objective on Alphabet from $212.00 to $216.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Scotiabank lifted their target price on Alphabet from $212.00 to $240.00 and gave the company a “sector outperform” rating in a research note on Friday, January 24th. Oppenheimer lifted their target price on Alphabet from $215.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Barclays boosted their price objective on Alphabet from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, Citizens Jmp cut Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Six equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Alphabet has an average rating of “Moderate Buy” and an average target price of $209.13.

Insider Buying and Selling at Alphabet

In other news, CAO Amie Thuener O’toole sold 1,367 shares of Alphabet stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $170.41, for a total transaction of $232,950.47. Following the transaction, the chief accounting officer now directly owns 23,515 shares of the company’s stock, valued at $4,007,191.15. This trade represents a 5.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John L. Hennessy sold 1,500 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $189.80, for a total transaction of $284,700.00. Following the completion of the transaction, the director now directly owns 21,824 shares of the company’s stock, valued at approximately $4,142,195.20. The trade was a 6.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 122,529 shares of company stock valued at $22,453,483. 12.99% of the stock is currently owned by insiders.

Alphabet Price Performance

Shares of GOOG stock opened at $202.64 on Tuesday. Alphabet Inc. has a 52-week low of $131.55 and a 52-week high of $207.08. The stock has a market cap of $2.48 trillion, a PE ratio of 26.88, a PEG ratio of 1.32 and a beta of 1.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The firm’s 50 day moving average price is $190.48 and its two-hundred day moving average price is $175.55.

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.