Alphabet Inc. (NASDAQ:GOOGL) is Sapient Capital LLC’s 5th Largest Position

Sapient Capital LLC increased its position in Alphabet Inc. (NASDAQ:GOOGL) by 1.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 857,079 shares of the information services provider’s stock after acquiring an additional 11,936 shares during the period. Alphabet comprises approximately 2.9% of Sapient Capital LLC’s holdings, making the stock its 5th largest position. Sapient Capital LLC’s holdings in Alphabet were worth $142,147,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in GOOGL. ORG Wealth Partners LLC bought a new stake in Alphabet in the 3rd quarter worth approximately $464,000. Procyon Advisors LLC grew its position in Alphabet by 13.5% in the 3rd quarter. Procyon Advisors LLC now owns 147,294 shares of the information services provider’s stock worth $24,418,000 after purchasing an additional 17,465 shares during the period. Accelerate Investment Advisors LLC bought a new stake in Alphabet in the 3rd quarter worth approximately $439,000. Thurston Springer Miller Herd & Titak Inc. grew its position in Alphabet by 14.0% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 10,509 shares of the information services provider’s stock worth $1,743,000 after purchasing an additional 1,288 shares during the period. Finally, Orca Investment Management LLC grew its position in Alphabet by 2.1% in the 3rd quarter. Orca Investment Management LLC now owns 17,888 shares of the information services provider’s stock worth $2,967,000 after purchasing an additional 366 shares during the period. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet Stock Up 0.7 %

Shares of NASDAQ GOOGL opened at $165.14 on Wednesday. The firm’s 50-day moving average price is $161.82 and its 200-day moving average price is $168.44. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $2.04 trillion, a price-to-earnings ratio of 25.33, a P/E/G ratio of 1.21 and a beta of 1.04. Alphabet Inc. has a 12-month low of $120.21 and a 12-month high of $191.75.

Alphabet (NASDAQ:GOOGL) last announced its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.04. The firm had revenue of $84.74 billion for the quarter, compared to analysts’ expectations of $70.60 billion. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. During the same period in the prior year, the company earned $1.44 EPS. On average, equities research analysts anticipate that Alphabet Inc. will post 7.64 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wedbush reissued an “outperform” rating and set a $205.00 price objective on shares of Alphabet in a research report on Thursday, September 5th. Needham & Company LLC reissued a “buy” rating and set a $210.00 price objective on shares of Alphabet in a research report on Tuesday, October 15th. Pivotal Research raised shares of Alphabet to a “strong-buy” rating in a research report on Tuesday, October 1st. Jefferies Financial Group boosted their price objective on shares of Alphabet from $215.00 to $220.00 in a research report on Tuesday, July 9th. Finally, Roth Mkm reissued a “buy” rating and set a $206.00 price objective on shares of Alphabet in a research report on Thursday, August 29th. Eight equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $201.76.

Insider Activity

In related news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $168.00, for a total transaction of $114,576.00. Following the transaction, the chief accounting officer now directly owns 31,334 shares in the company, valued at approximately $5,264,112. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $168.00, for a total transaction of $114,576.00. Following the transaction, the chief accounting officer now directly owns 31,334 shares in the company, valued at approximately $5,264,112. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider John Kent Walker sold 21,467 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $160.35, for a total transaction of $3,442,233.45. Following the transaction, the insider now owns 39,334 shares in the company, valued at $6,307,206.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 220,426 shares of company stock worth $35,993,340. 11.55% of the stock is currently owned by corporate 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.