Sage Capital Advisors llc Buys 686 Shares of Alphabet Inc (NASDAQ:GOOG)

Sage Capital Advisors llc grew its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 1,960.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 721 shares of the information services provider’s stock after buying an additional 686 shares during the quarter. Sage Capital Advisors llc’s holdings in Alphabet were worth $746,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Ayalon Holdings Ltd. purchased a new position in Alphabet in the fourth quarter valued at about $32,000. 1 North Wealth Services LLC bought a new stake in shares of Alphabet in the fourth quarter valued at approximately $34,000. TD Capital Management LLC raised its position in shares of Alphabet by 38.5% in the fourth quarter. TD Capital Management LLC now owns 36 shares of the information services provider’s stock valued at $37,000 after purchasing an additional 10 shares during the period. First PREMIER Bank raised its position in shares of Alphabet by 80.0% in the fourth quarter. First PREMIER Bank now owns 36 shares of the information services provider’s stock valued at $38,000 after purchasing an additional 16 shares during the period. Finally, CX Institutional raised its position in shares of Alphabet by 471.4% in the fourth quarter. CX Institutional now owns 40 shares of the information services provider’s stock valued at $41,000 after purchasing an additional 33 shares during the period. Institutional investors and hedge funds own 33.95% of the company’s stock.

NASDAQ:GOOG traded up $17.04 on Monday, reaching $1,097.95. 1,305,793 shares of the stock traded hands, compared to its average volume of 1,504,172. The firm has a market capitalization of $750.41 billion, a P/E ratio of 23.11, a price-to-earnings-growth ratio of 1.28 and a beta of 0.95. The company has a quick ratio of 3.93, a current ratio of 3.96 and a debt-to-equity ratio of 0.02. Alphabet Inc has a 12 month low of $970.11 and a 12 month high of $1,289.27. The stock’s fifty day moving average is $1,106.76.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Monday, April 29th. The information services provider reported $11.90 earnings per share for the quarter, beating analysts’ consensus estimates of $10.51 by $1.39. The business had revenue of $36.34 billion during the quarter, compared to analyst estimates of $37.36 billion. Alphabet had a net margin of 19.71% and a return on equity of 20.06%. Alphabet’s revenue was up 16.7% compared to the same quarter last year. During the same period last year, the business earned $9.93 EPS. As a group, research analysts predict that Alphabet Inc will post 48.44 EPS for the current fiscal year.

GOOG has been the topic of several research reports. Royal Bank of Canada reissued a “buy” rating on shares of Alphabet in a research report on Tuesday, April 30th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Alphabet in a report on Tuesday, April 30th. Credit Suisse Group reaffirmed a “buy” rating on shares of Alphabet in a report on Tuesday, April 30th. Deutsche Bank decreased their target price on shares of Alphabet from $1,385.00 to $1,300.00 and set a “buy” rating on the stock in a report on Tuesday, April 30th. They noted that the move was a valuation call. Finally, Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-six have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $1,361.50.

In other news, Director John L. Hennessy sold 75 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $1,280.51, for a total transaction of $96,038.25. Following the sale, the director now owns 159 shares of the company’s stock, valued at approximately $203,601.09. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Amie Thuener O’toole sold 89 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $1,195.32, for a total transaction of $106,383.48. Following the sale, the vice president now directly owns 388 shares in the company, valued at approximately $463,784.16. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 423 shares of company stock worth $491,741. Insiders own 12.99% of the company’s stock.

Alphabet Company Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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