Capitol Family Office Inc. Takes Position in Alphabet Inc. (NASDAQ:GOOG)

Capitol Family Office Inc. bought a new position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,116 shares of the information services provider's stock, valued at approximately $403,000. Alphabet accounts for about 0.5% of Capitol Family Office Inc.'s holdings, making the stock its 12th largest holding.

Several other hedge funds have also made changes to their positions in the business. Harrell Investment Partners LLC lifted its holdings in shares of 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 purchasing an additional 53 shares during the last quarter. Redhawk Wealth Advisors Inc. raised its stake in Alphabet by 1.1% during 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 last quarter. Investment Advisory Group LLC raised its stake in Alphabet by 0.7% during 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 last quarter. McGlone Suttner Wealth Management Inc. raised its stake in 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 raised its stake in 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. Institutional investors and hedge funds own 27.26% of the company's stock.

Insider Buying and Selling

In other news, Director Kavitark Ram Shriram sold 10,500 shares of Alphabet stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $177.41, for a total value of $1,862,805.00. Following the transaction, the director now owns 319,966 shares of the company's stock, valued at $56,765,168.06. This trade represents a 3.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 22,500 shares of Alphabet stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $177.36, for a total transaction of $3,990,600.00. Following the completion of the transaction, the chief executive officer now directly owns 2,084,306 shares in the company, valued at approximately $369,672,512.16. This represents a 1.07 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 122,529 shares of company stock worth $22,453,483. 12.99% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have commented on the company. JPMorgan Chase & Co. upped their price objective on Alphabet from $208.00 to $212.00 and gave the company an "overweight" rating in a research note on Wednesday, October 30th. Canaccord Genuity Group upped their target price on shares of Alphabet from $220.00 to $225.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Seaport Res Ptn upgraded shares of Alphabet from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 29th. Pivotal Research increased their price target on shares of Alphabet from $215.00 to $225.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Finally, Oppenheimer increased their price target on shares of Alphabet from $215.00 to $225.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Six investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Alphabet presently has an average rating of "Moderate Buy" and an average target price of $209.13.

Alphabet Trading Up 2.5 %

Shares of GOOG traded up $5.07 during midday trading on Tuesday, hitting $207.71. The stock had a trading volume of 27,728,508 shares, compared to its average volume of 16,760,658. Alphabet Inc. has a fifty-two week low of $131.55 and a fifty-two week high of $208.70. The business has a 50-day simple moving average of $191.14 and a two-hundred day simple moving average of $175.71. The firm has a market cap of $2.54 trillion, a P/E ratio of 27.55, a price-to-earnings-growth ratio of 1.32 and a beta of 1.00. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.04.

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

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.