Sage Capital Advisors llc Invests $210,000 in Alphabet Inc. (NASDAQ:GOOG)

Sage Capital Advisors llc acquired a new stake in Alphabet Inc. (NASDAQ:GOOGFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,493 shares of the information services provider’s stock, valued at approximately $210,000.

A number of other institutional investors also recently added to or reduced their stakes in GOOG. Moneta Group Investment Advisors LLC raised its position in shares of Alphabet by 61,587.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 130,046,253 shares of the information services provider’s stock worth $11,539,004,000 after purchasing an additional 129,835,437 shares during the last quarter. FMR LLC raised its position in shares of Alphabet by 3.8% during the 3rd quarter. FMR LLC now owns 120,234,117 shares of the information services provider’s stock worth $15,852,868,000 after purchasing an additional 4,348,188 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Alphabet by 0.9% during the 2nd quarter. Geode Capital Management LLC now owns 98,217,816 shares of the information services provider’s stock worth $11,846,230,000 after purchasing an additional 882,830 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Alphabet by 11.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 95,941,129 shares of the information services provider’s stock worth $12,649,838,000 after purchasing an additional 9,703,425 shares during the last quarter. Finally, Morgan Stanley raised its position in shares of Alphabet by 37.6% during the 4th quarter. Morgan Stanley now owns 71,779,112 shares of the information services provider’s stock worth $6,368,961,000 after purchasing an additional 19,612,974 shares during the last quarter. Hedge funds and other institutional investors own 27.13% of the company’s stock.

Alphabet Trading Down 1.5 %

GOOG stock opened at $142.17 on Monday. The business has a fifty day simple moving average of $143.64 and a 200-day simple moving average of $138.64. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.05. Alphabet Inc. has a 52 week low of $95.87 and a 52 week high of $155.20. The company has a market cap of $1.77 trillion, a price-to-earnings ratio of 24.51, a PEG ratio of 1.30 and a beta of 1.05.

Alphabet (NASDAQ:GOOGGet Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.04. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The firm had revenue of $86.31 billion during the quarter, compared to analysts’ expectations of $85.28 billion. During the same period in the prior year, the company earned $1.05 EPS. The firm’s revenue was up 13.5% on a year-over-year basis. On average, equities research analysts expect that Alphabet Inc. will post 6.77 EPS for the current year.

Insider Buying and Selling

In related news, CAO Amie Thuener O’toole sold 425 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $139.61, for a total transaction of $59,334.25. Following the completion of the sale, the chief accounting officer now directly owns 27,259 shares of the company’s stock, valued at approximately $3,805,628.99. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Alphabet news, CAO Amie Thuener O’toole sold 425 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $139.61, for a total value of $59,334.25. Following the completion of the transaction, the chief accounting officer now directly owns 27,259 shares of the company’s stock, valued at approximately $3,805,628.99. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Prabhakar Raghavan sold 16,088 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $139.10, for a total transaction of $2,237,840.80. Following the completion of the transaction, the senior vice president now directly owns 52,440 shares of the company’s stock, valued at $7,294,404. The disclosure for this sale can be found here. In the last three months, insiders sold 279,159 shares of company stock valued at $39,220,185. Company insiders own 12.99% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Raymond James boosted 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. Susquehanna boosted their price target on Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a report on Wednesday, January 31st. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $146.33.

Read Our Latest Report on GOOG

About Alphabet

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.