Courier Capital LLC Grows Stake in Alphabet Inc (GOOG)

Courier Capital LLC increased its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 1.3% in the 4th quarter, Holdings Channel reports. The firm owned 7,646 shares of the information services provider’s stock after buying an additional 95 shares during the period. Alphabet accounts for approximately 1.0% of Courier Capital LLC’s holdings, making the stock its 27th biggest position. Courier Capital LLC’s holdings in Alphabet were worth $8,001,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signature Estate & Investment Advisors LLC raised its holdings in shares of Alphabet by 3.8% during the second quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock valued at $124,000 after purchasing an additional 5 shares during the last quarter. WealthTrust Arizona LLC raised its holdings in shares of Alphabet by 134.9% during the fourth quarter. WealthTrust Arizona LLC now owns 148 shares of the information services provider’s stock valued at $155,000 after purchasing an additional 85 shares during the last quarter. Almanack Investment Partners LLC. raised its holdings in shares of Alphabet by 4.5% during the second quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock valued at $147,000 after purchasing an additional 7 shares during the last quarter. CWH Capital Management Inc. grew its position in Alphabet by 8.5% during the second quarter. CWH Capital Management Inc. now owns 192 shares of the information services provider’s stock valued at $174,000 after buying an additional 15 shares during the period. Finally, Acrospire Investment Management LLC bought a new stake in Alphabet during the second quarter valued at approximately $182,000. 34.84% of the stock is owned by hedge funds and other institutional investors.

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Several analysts recently issued reports on the stock. Vetr upgraded shares of Alphabet from a “buy” rating to a “strong-buy” rating and set a $1,197.56 target price for the company in a research report on Monday. BidaskClub lowered shares of Alphabet from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 21st. Morgan Stanley restated a “buy” rating on shares of Alphabet in a research report on Tuesday, February 27th. TheStreet lowered shares of Alphabet from an “a” rating to a “c+” rating in a research report on Thursday, February 1st. Finally, Stifel Nicolaus lowered shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,150.00 target price for the company. in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $1,075.75.

Alphabet Inc (NASDAQ GOOG) opened at $1,021.57 on Monday. Alphabet Inc has a 1-year low of $803.37 and a 1-year high of $1,186.89. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.14 and a quick ratio of 5.11. The company has a market cap of $709,769.50, a price-to-earnings ratio of 56.88 and a beta of 1.04.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, February 1st. The information services provider reported $9.70 EPS for the quarter, missing the consensus estimate of $10.07 by ($0.37). Alphabet had a return on equity of 14.94% and a net margin of 11.42%. The company had revenue of $32.32 billion during the quarter, compared to analysts’ expectations of $31.88 billion. During the same period last year, the firm posted $9.36 EPS. Alphabet’s quarterly revenue was up 24.0% compared to the same quarter last year.

Alphabet announced that its board has initiated a share buyback plan on Thursday, February 1st that allows the company to buyback $8.59 billion in outstanding shares. This buyback authorization allows the information services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

In related news, VP James Grier Campbell sold 183 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $1,048.34, for a total transaction of $191,846.22. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP David C. Drummond sold 5,690 shares of the company’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $1,164.43, for a total transaction of $6,625,606.70. Following the sale, the senior vice president now directly owns 2,897 shares in the company, valued at approximately $3,373,353.71. The disclosure for this sale can be found here. Insiders sold 48,709 shares of company stock worth $53,035,301 in the last three months. Insiders own 13.92% of the company’s stock.

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Alphabet Company Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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