Caprock Group LLC Has $39.69 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Caprock Group LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 8.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 208,407 shares of the information services provider’s stock after acquiring 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 biggest position. Caprock Group LLC’s holdings in Alphabet were worth $39,689,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Alphabet from $208.00 to $212.00 and gave the stock an “overweight” 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 upgraded Alphabet to a “strong-buy” rating in a research note on Friday, November 1st. Wedbush reiterated an “outperform” rating and set a $220.00 price objective on shares of Alphabet in a research note on Thursday, January 30th. Finally, Oppenheimer upped their target price on Alphabet from $215.00 to $225.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Six investment analysts have rated the stock with a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $209.13.

Alphabet Trading Down 1.4 %

Shares of GOOG stock opened at $202.64 on Tuesday. The stock has a market capitalization of $2.48 trillion, a PE ratio of 26.88, a P/E/G ratio of 1.32 and a beta of 1.00. Alphabet Inc. has a 1-year low of $131.55 and a 1-year high of $207.08. The business has a 50-day moving average of $190.48 and a 200 day moving average of $175.55. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 1,367 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $170.41, for a total transaction of $232,950.47. Following the completion of the transaction, the chief accounting officer now owns 23,515 shares of the company’s stock, valued at $4,007,191.15. This represents a 5.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $177.36, for a total value of $3,990,600.00. Following the transaction, the chief executive officer now directly owns 2,084,306 shares of the company’s stock, valued at $369,672,512.16. The trade was a 1.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 122,529 shares of company stock worth $22,453,483 in the last ninety days. 12.99% of the stock is owned by company 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.