Grange Capital LLC Invests $712,000 in Alphabet Inc. (NASDAQ:GOOG)

Grange Capital LLC acquired a new stake in shares of Alphabet Inc. (NASDAQ:GOOG) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 3,738 shares of the information services provider’s stock, valued at approximately $712,000. Alphabet accounts for 0.7% of Grange Capital LLC’s investment portfolio, making the stock its 27th biggest holding.

A number of other institutional investors have also added to or reduced their stakes in GOOG. Magnolia Capital Advisors LLC boosted its stake in Alphabet by 8.6% during the second quarter. Magnolia Capital Advisors LLC now owns 11,195 shares of the information services provider’s stock valued at $2,053,000 after buying an additional 884 shares during the period. Wallace Advisory Group LLC raised its holdings in shares of Alphabet by 1.3% in the 2nd quarter. Wallace Advisory Group LLC now owns 10,314 shares of the information services provider’s stock valued at $1,892,000 after acquiring an additional 134 shares in the last quarter. High Falls Advisors Inc purchased a new stake in shares of Alphabet in the 2nd quarter valued at about $240,000. Wallace Capital Management Inc. boosted its position in shares of Alphabet by 6.3% during the 2nd quarter. Wallace Capital Management Inc. now owns 8,420 shares of the information services provider’s stock valued at $1,544,000 after acquiring an additional 500 shares during the last quarter. Finally, Newport Capital Group LLC purchased a new position in shares of Alphabet during the second quarter worth about $410,000. Hedge funds and other institutional investors own 27.26% of the company’s stock.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O’toole sold 1,367 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $171.42, for a total transaction of $234,331.14. Following the transaction, the chief accounting officer now owns 26,349 shares in the company, valued at approximately $4,516,745.58. This represents a 4.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John L. Hennessy sold 1,500 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $189.80, for a total value of $284,700.00. Following the completion of the transaction, the director now directly owns 21,824 shares of the company’s stock, valued at $4,142,195.20. This represents a 6.43 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 133,387 shares of company stock valued at $24,368,654. 12.99% of the stock is currently owned by company insiders.

Alphabet Trading Down 4.1 %

GOOG opened at $193.64 on Tuesday. The firm has a market capitalization of $2.37 trillion, a price-to-earnings ratio of 25.68, a PEG ratio of 1.27 and a beta of 0.99. Alphabet Inc. has a one year low of $131.55 and a one year high of $203.84. The business has a 50 day simple moving average of $187.95 and a two-hundred day simple moving average of $175.08. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Tuesday, October 29th. The information services provider reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.29. The company had revenue of $88.27 billion during the quarter, compared to the consensus estimate of $86.39 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The firm’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.55 earnings per share. Analysts predict that Alphabet Inc. will post 8.02 EPS for the current year.

Wall Street Analysts Forecast Growth

GOOG has been the topic of a number of recent analyst reports. Seaport Res Ptn raised shares of Alphabet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Phillip Securities upgraded shares of Alphabet to a “strong-buy” rating in a research report on Friday, November 1st. UBS Group upped their target price on shares of Alphabet from $187.00 to $192.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Wells Fargo & Company raised their price target on Alphabet from $182.00 to $187.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Citizens Jmp cut Alphabet from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Six analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Alphabet presently has a consensus rating of “Moderate Buy” and an average price target of $205.13.

About Alphabet

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.