Capital Investment Advisors LLC Purchases 11,886 Shares of Alphabet Inc. (NASDAQ:GOOGL)

Capital Investment Advisors LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 3.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 388,702 shares of the information services provider’s stock after acquiring an additional 11,886 shares during the period. Alphabet accounts for 1.3% of Capital Investment Advisors LLC’s investment portfolio, making the stock its 14th biggest holding. Capital Investment Advisors LLC’s holdings in Alphabet were worth $64,466,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Howard Financial Services LTD. grew its holdings in Alphabet by 7.4% in the 1st quarter. Howard Financial Services LTD. now owns 7,080 shares of the information services provider’s stock valued at $1,069,000 after buying an additional 489 shares during the last quarter. Indiana Trust & Investment Management CO boosted its position in shares of Alphabet by 0.5% in the first quarter. Indiana Trust & Investment Management CO now owns 48,914 shares of the information services provider’s stock valued at $7,383,000 after acquiring an additional 261 shares during the period. Capital Asset Advisory Services LLC grew its stake in shares of Alphabet by 7.1% in the first quarter. Capital Asset Advisory Services LLC now owns 55,493 shares of the information services provider’s stock worth $8,463,000 after acquiring an additional 3,672 shares during the last quarter. Register Financial Advisors LLC increased its position in Alphabet by 19.8% during the first quarter. Register Financial Advisors LLC now owns 2,422 shares of the information services provider’s stock worth $366,000 after acquiring an additional 400 shares during the period. Finally, LongView Wealth Management increased its position in Alphabet by 2.6% during the first quarter. LongView Wealth Management now owns 6,192 shares of the information services provider’s stock worth $935,000 after acquiring an additional 157 shares during the period. 40.03% of the stock is currently owned by institutional investors.

Insider Activity

In other Alphabet news, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $162.35, for a total transaction of $3,652,875.00. Following the transaction, the chief executive officer now owns 2,182,385 shares of the company’s stock, valued at approximately $354,310,204.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Sundar Pichai sold 22,500 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $162.35, for a total transaction of $3,652,875.00. Following the completion of the sale, the chief executive officer now owns 2,182,385 shares in the company, valued at $354,310,204.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Amie Thuener O’toole sold 682 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $168.00, for a total value of $114,576.00. Following the transaction, the chief accounting officer now directly owns 31,334 shares in the company, valued at $5,264,112. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 220,426 shares of company stock valued at $35,993,340 over the last three months. 11.55% of the stock is owned by insiders.

Alphabet Trading Up 0.9 %

GOOGL opened at $166.72 on Tuesday. Alphabet Inc. has a 1-year low of $122.68 and a 1-year high of $191.75. The stock has a market capitalization of $2.06 trillion, a PE ratio of 25.57, a PEG ratio of 1.27 and a beta of 1.04. 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 firm has a 50-day moving average price of $161.95 and a two-hundred day moving average price of $168.65.

Analyst Ratings Changes

Several analysts have issued reports on GOOGL shares. Loop Capital restated a “hold” rating and issued a $170.00 price target on shares of Alphabet in a research report on Wednesday, July 3rd. JPMorgan Chase & Co. lifted their target price on Alphabet from $200.00 to $208.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Citigroup upped their price target on Alphabet from $190.00 to $212.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. BMO Capital Markets decreased their price objective on Alphabet from $222.00 to $215.00 and set an “outperform” rating on the stock in a report on Wednesday, October 9th. Finally, Pivotal Research upgraded Alphabet to a “strong-buy” rating in a research note on Tuesday, October 1st. Seven analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $201.76.

Alphabet Company 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.