Sepio Capital LP Has $9.29 Million Holdings in Alphabet Inc. (NASDAQ:GOOG)

Sepio Capital LP grew its holdings in Alphabet Inc. (NASDAQ:GOOGGet Rating) by 1,780.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 96,563 shares of the information services provider’s stock after purchasing an additional 91,427 shares during the period. Alphabet comprises approximately 0.9% of Sepio Capital LP’s investment portfolio, making the stock its 18th biggest holding. Sepio Capital LP’s holdings in Alphabet were worth $9,285,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. OLD Second National Bank of Aurora increased its holdings in Alphabet by 1,900.0% during the third quarter. OLD Second National Bank of Aurora now owns 260 shares of the information services provider’s stock worth $25,000 after buying an additional 247 shares during the last quarter. Carolina Wealth Advisors LLC increased its holdings in Alphabet by 1,900.0% during the third quarter. Carolina Wealth Advisors LLC now owns 300 shares of the information services provider’s stock worth $29,000 after buying an additional 285 shares during the last quarter. NewSquare Capital LLC increased its holdings in Alphabet by 1,900.0% during the third quarter. NewSquare Capital LLC now owns 320 shares of the information services provider’s stock worth $31,000 after buying an additional 304 shares during the last quarter. Schubert & Co increased its holdings in Alphabet by 1,192.9% during the third quarter. Schubert & Co now owns 362 shares of the information services provider’s stock worth $35,000 after buying an additional 334 shares during the last quarter. Finally, Corsicana & Co. increased its holdings in shares of Alphabet by 1,900.0% in the third quarter. Corsicana & Co. now owns 400 shares of the information services provider’s stock valued at $38,000 after purchasing an additional 380 shares during the last quarter. 28.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Alphabet

In other news, CAO Amie Thuener O’toole sold 855 shares of the stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $101.13, for a total value of $86,466.15. Following the completion of the transaction, the chief accounting officer now owns 24,908 shares of the company’s stock, valued at $2,518,946.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Amie Thuener O’toole sold 855 shares of the stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $101.13, for a total value of $86,466.15. Following the completion of the transaction, the chief accounting officer now owns 24,908 shares of the company’s stock, valued at $2,518,946.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Prabhakar Raghavan sold 22,203 shares of the stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $89.75, for a total transaction of $1,992,719.25. Following the completion of the transaction, the senior vice president now directly owns 76,579 shares of the company’s stock, valued at approximately $6,872,965.25. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 661,702 shares of company stock valued at $23,399,217 and sold 190,464 shares valued at $8,535,735. Company insiders own 12.99% of the company’s stock.

Alphabet Trading Up 1.9 %

GOOG opened at $101.21 on Tuesday. Alphabet Inc. has a twelve month low of $83.45 and a twelve month high of $152.10. The company has a 50-day simple moving average of $93.62 and a 200 day simple moving average of $102.10. The company has a quick ratio of 2.47, a current ratio of 2.52 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $1.31 trillion, a price-to-earnings ratio of 20.10, a P/E/G ratio of 1.74 and a beta of 1.08.

Alphabet (NASDAQ:GOOGGet Rating) last posted its earnings results on Tuesday, October 25th. The information services provider reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.19). The company had revenue of $69.09 billion during the quarter, compared to the consensus estimate of $70.67 billion. Alphabet had a return on equity of 26.41% and a net margin of 23.75%. The firm’s revenue was up 6.1% compared to the same quarter last year. During the same period last year, the company posted $1.40 EPS. Analysts predict that Alphabet Inc. will post 4.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on GOOG shares. Piper Sandler decreased their price objective on shares of Alphabet from $135.00 to $122.00 and set an “overweight” rating on the stock in a report on Wednesday, October 26th. Raymond James decreased their price objective on shares of Alphabet from $143.00 to $120.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. UBS Group set a $115.00 price objective on shares of Alphabet in a report on Thursday, January 12th. Oppenheimer decreased their price objective on shares of Alphabet from $155.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Alphabet from $135.00 to $130.00 and set a “buy” rating on the stock in a report on Friday, October 21st. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, Alphabet currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.56.

Alphabet Profile

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Alphabet Inc provides 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 offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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