Regatta Capital Group LLC Has $11.23 Million Position in Alphabet Inc. (NASDAQ:GOOGL)

Regatta Capital Group LLC increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 1.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 67,726 shares of the information services provider’s stock after purchasing an additional 938 shares during the period. Alphabet makes up approximately 2.2% of Regatta Capital Group LLC’s holdings, making the stock its 14th largest position. Regatta Capital Group LLC’s holdings in Alphabet were worth $11,232,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Global Assets Advisory LLC increased its holdings in shares of Alphabet by 15,351.0% during the 1st quarter. Global Assets Advisory LLC now owns 2,304,517 shares of the information services provider’s stock worth $347,821,000 after purchasing an additional 2,289,602 shares during the period. Financial Synergies Wealth Advisors Inc. grew its position in Alphabet by 560.0% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 528 shares of the information services provider’s stock worth $80,000 after buying an additional 448 shares in the last quarter. Perkins Coie Trust Co increased its stake in Alphabet by 0.8% during the first quarter. Perkins Coie Trust Co now owns 66,940 shares of the information services provider’s stock valued at $10,103,000 after acquiring an additional 541 shares during the period. Capital Planning LLC bought a new position in Alphabet during the first quarter valued at about $412,000. Finally, BlueSky Wealth Advisors LLC raised its holdings in Alphabet by 4.9% in the 1st quarter. BlueSky Wealth Advisors LLC now owns 7,519 shares of the information services provider’s stock valued at $1,135,000 after acquiring an additional 350 shares in the last quarter. Institutional investors own 40.03% of the company’s stock.

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 682 shares of Alphabet stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $168.00, for a total transaction of $114,576.00. Following the completion of the sale, the chief accounting officer now owns 31,334 shares of the company’s stock, valued at approximately $5,264,112. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Amie Thuener O’toole sold 682 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sundar Pichai sold 22,500 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $162.35, for a total value of $3,652,875.00. Following the completion of the sale, the chief executive officer now owns 2,182,385 shares of the company’s stock, valued at $354,310,204.75. This 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 worth $35,993,340 over the last ninety days. Company insiders own 11.55% of the company’s stock.

Analyst Ratings Changes

GOOGL has been the topic of several recent research reports. DA Davidson assumed coverage on Alphabet in a report on Tuesday, September 10th. They set a “neutral” rating and a $170.00 price objective on the stock. Mizuho lifted their price target on shares of Alphabet from $205.00 to $210.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Tigress Financial increased their price objective on shares of Alphabet from $210.00 to $220.00 and gave the company a “strong-buy” rating in a research note on Thursday, September 26th. Morgan Stanley reduced their price objective on shares of Alphabet from $205.00 to $190.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. Finally, Loop Capital reissued a “hold” rating and issued a $170.00 target price on shares of Alphabet in a research note on Wednesday, July 3rd. Eight investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $201.76.

Alphabet Trading Down 1.4 %

GOOGL stock opened at $162.78 on Thursday. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.04. Alphabet Inc. has a twelve month low of $120.21 and a twelve month high of $191.75. The company has a market cap of $2.01 trillion, a P/E ratio of 24.97, a PEG ratio of 1.21 and a beta of 1.04. The business has a fifty day moving average of $161.87 and a 200-day moving average of $168.40.

Alphabet (NASDAQ:GOOGL) last issued 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 company had revenue of $84.74 billion for the quarter, compared to analyst estimates of $70.60 billion. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. During the same quarter last year, the firm earned $1.44 EPS. As a group, equities research analysts expect that Alphabet Inc. will post 7.64 EPS for the current year.

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.