Running Oak Capital LLC Raises Holdings in Alphabet Inc. (NASDAQ:GOOG)

Running Oak Capital LLC increased its holdings in Alphabet Inc. (NASDAQ:GOOG) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,414 shares of the information services provider’s stock after acquiring an additional 2,763 shares during the quarter. Alphabet comprises approximately 2.1% of Running Oak Capital LLC’s portfolio, making the stock its 3rd biggest position. Running Oak Capital LLC’s holdings in Alphabet were worth $15,885,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in GOOG. B.O.S.S. Retirement Advisors LLC lifted its stake in shares of Alphabet by 560.3% in the 4th quarter. B.O.S.S. Retirement Advisors LLC now owns 9,172 shares of the information services provider’s stock valued at $1,747,000 after purchasing an additional 7,783 shares during the period. Grange Capital LLC bought a new stake in shares of Alphabet during the 4th quarter valued at $712,000. AEGON ASSET MANAGEMENT UK Plc grew its position in shares of Alphabet by 35.3% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,084,751 shares of the information services provider’s stock worth $206,569,000 after buying an additional 283,159 shares during the period. GSB Wealth Management LLC increased its stake in shares of Alphabet by 0.5% in the 4th quarter. GSB Wealth Management LLC now owns 18,047 shares of the information services provider’s stock worth $3,437,000 after acquiring an additional 92 shares in the last quarter. Finally, Lantz Financial LLC lifted its holdings in shares of Alphabet by 2.1% during the fourth quarter. Lantz Financial LLC now owns 6,150 shares of the information services provider’s stock valued at $1,171,000 after purchasing an additional 129 shares during the last quarter. Institutional investors own 27.26% of the company’s stock.

Alphabet Stock Performance

NASDAQ:GOOG opened at $193.64 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. The stock has a 50-day simple moving average of $187.95 and a two-hundred day simple moving average of $175.08. The firm has a market capitalization of $2.37 trillion, a PE ratio of 25.68, a P/E/G ratio of 1.27 and a beta of 0.99. Alphabet Inc. has a 52-week low of $131.55 and a 52-week high of $203.84.

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

Insider Activity

In other Alphabet news, Director Kavitark Ram Shriram sold 10,500 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $180.78, for a total transaction of $1,898,190.00. Following the completion of the transaction, the director now owns 330,466 shares of the company’s stock, valued at $59,741,643.48. This represents a 3.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 1,367 shares of Alphabet stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $171.42, for a total value of $234,331.14. Following the completion of the sale, the chief accounting officer now directly owns 26,349 shares in the company, valued at $4,516,745.58. This trade represents a 4.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 133,387 shares of company stock worth $24,368,654 over the last ninety days. Corporate insiders own 12.99% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Barclays raised their price objective on Alphabet from $200.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Pivotal Research raised their price objective on shares of Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Scotiabank upped their target price on shares of Alphabet from $212.00 to $240.00 and gave the stock a “sector outperform” rating in a research note on Friday. Jefferies Financial Group lifted their target price on Alphabet from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Phillip Securities raised Alphabet to a “strong-buy” rating in a report on Friday, November 1st. Six equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $205.13.

Alphabet Company Profile

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.