Regatta Capital Group LLC Has $2.56 Million Holdings in Alphabet Inc. (NASDAQ:GOOG)

Regatta Capital Group LLC trimmed its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,300 shares of the information services provider’s stock after selling 125 shares during the period. Regatta Capital Group LLC’s holdings in Alphabet were worth $2,558,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Prospect Financial Services LLC increased its stake in shares of Alphabet by 2.3% in the third quarter. Prospect Financial Services LLC now owns 37,750 shares of the information services provider’s stock valued at $6,311,000 after buying an additional 859 shares in the last quarter. Hutchens & Kramer Investment Management Group LLC grew its holdings in Alphabet by 1.7% during the 3rd quarter. Hutchens & Kramer Investment Management Group LLC now owns 4,725 shares of the information services provider’s stock worth $796,000 after acquiring an additional 77 shares during the last quarter. Magnus Financial Group LLC increased its position in Alphabet by 4.3% in the 3rd quarter. Magnus Financial Group LLC now owns 17,507 shares of the information services provider’s stock valued at $2,927,000 after acquiring an additional 716 shares in the last quarter. Luts & Greenleigh Group Inc. raised its stake in shares of Alphabet by 3.5% in the third quarter. Luts & Greenleigh Group Inc. now owns 4,739 shares of the information services provider’s stock worth $792,000 after acquiring an additional 161 shares during the last quarter. Finally, Dover Advisors LLC lifted its position in shares of Alphabet by 7.6% during the third quarter. Dover Advisors LLC now owns 3,528 shares of the information services provider’s stock worth $590,000 after purchasing an additional 250 shares in the last quarter. Institutional investors own 27.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on GOOG. Pivotal Research initiated coverage on Alphabet in a research report on Tuesday, October 1st. They set a “buy” rating and a $215.00 target price for the company. Oppenheimer decreased their target price on Alphabet from $210.00 to $185.00 and set an “outperform” rating for the company in a research note on Wednesday, September 25th. Rosenblatt Securities cut Alphabet from a “buy” rating to a “neutral” rating and set a $181.00 target price for the company. in a research note on Friday, June 28th. Cantor Fitzgerald raised shares of Alphabet to a “hold” rating in a research note on Thursday, September 5th. Finally, TD Cowen increased their price objective on shares of Alphabet from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $186.90.

Alphabet Stock Performance

Shares of NASDAQ GOOG opened at $166.90 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08. The stock has a 50 day moving average price of $163.05 and a 200 day moving average price of $169.57. The stock has a market capitalization of $2.06 trillion, a PE ratio of 25.60, a price-to-earnings-growth ratio of 1.21 and a beta of 1.04. Alphabet Inc. has a 52 week low of $121.46 and a 52 week high of $193.31.

Alphabet (NASDAQ:GOOG) last released its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.04. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The business had revenue of $84.74 billion during the quarter, compared to analysts’ expectations of $84.22 billion. During the same period last year, the business earned $1.44 earnings per share. The firm’s revenue was up 13.6% on a year-over-year basis. Analysts predict that Alphabet Inc. will post 7.64 earnings per share for the current fiscal year.

Insider Transactions at Alphabet

In related news, SVP Prabhakar Raghavan sold 34,257 shares of Alphabet stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the completion of the transaction, the senior vice president now owns 312,210 shares in the company, valued at approximately $50,765,346. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Alphabet 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 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 $5,264,112. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Prabhakar Raghavan sold 34,257 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $162.60, for a total transaction of $5,570,188.20. Following the completion of the transaction, the senior vice president now owns 312,210 shares in the company, valued at approximately $50,765,346. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 197,926 shares of company stock worth $32,251,590 in the last ninety days. Insiders own 12.99% of the company’s stock.

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.