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

Caprock Group LLC raised its position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 208,407 shares of the information services provider's stock after buying an additional 15,869 shares during the quarter. Alphabet comprises about 1.3% of Caprock Group LLC's investment portfolio, making the stock its 11th largest holding. Caprock Group LLC's holdings in Alphabet were worth $39,689,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Harrell Investment Partners LLC grew its stake in Alphabet by 0.9% in the 4th quarter. Harrell Investment Partners LLC now owns 5,659 shares of the information services provider's stock valued at $1,078,000 after acquiring an additional 53 shares during the period. Redhawk Wealth Advisors Inc. grew its stake in Alphabet by 1.1% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 5,073 shares of the information services provider's stock valued at $966,000 after acquiring an additional 54 shares during the period. Investment Advisory Group LLC grew its stake in Alphabet by 0.7% in the 4th quarter. Investment Advisory Group LLC now owns 7,684 shares of the information services provider's stock valued at $1,463,000 after acquiring an additional 56 shares during the period. McGlone Suttner Wealth Management Inc. boosted its position in shares of Alphabet by 4.6% during the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 1,275 shares of the information services provider's stock valued at $243,000 after acquiring an additional 56 shares during the last quarter. Finally, Sunburst Financial Group LLC boosted its position in shares of Alphabet by 2.1% during the 3rd quarter. Sunburst Financial Group LLC now owns 2,959 shares of the information services provider's stock valued at $495,000 after acquiring an additional 60 shares during the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.

Alphabet Price Performance

NASDAQ:GOOG traded up $5.07 during trading hours on Tuesday, hitting $207.71. The company's stock had a trading volume of 27,728,508 shares, compared to its average volume of 16,760,658. Alphabet Inc. has a 52-week low of $131.55 and a 52-week high of $208.70. The company has a market capitalization of $2.54 trillion, a PE ratio of 27.55, a PEG ratio of 1.32 and a beta of 1.00. The business's 50-day moving average is $191.14 and its two-hundred day moving average is $175.71. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95.

Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The information services provider reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $2.12 by $0.03. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. As a group, research analysts anticipate that Alphabet Inc. will post 8.02 EPS for the current fiscal year.

Insider Activity at Alphabet

In related news, Director Kavitark Ram Shriram sold 37,134 shares of the firm's stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $185.02, for a total transaction of $6,870,532.68. Following the sale, the director now directly owns 282,832 shares in the company, valued at approximately $52,329,576.64. This trade represents a 11.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Amie Thuener O'toole sold 1,340 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $202.08, for a total value of $270,787.20. Following the sale, the chief accounting officer now owns 17,848 shares in the company, valued at approximately $3,606,723.84. The trade was a 6.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 122,529 shares of company stock valued at $22,453,483 over the last quarter. Insiders own 12.99% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Citigroup boosted their price objective on shares of Alphabet from $212.00 to $216.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Canaccord Genuity Group boosted their price objective on Alphabet from $220.00 to $225.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Phillip Securities raised Alphabet to a "strong-buy" rating in a report on Friday, November 1st. Citizens Jmp downgraded Alphabet from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 2nd. Finally, Pivotal Research increased their price objective on Alphabet from $215.00 to $225.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Six investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $209.13.

About Alphabet

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.