Eleva Capital SAS Takes $2.23 Million Position in Alphabet Inc. $GOOG

Eleva Capital SAS acquired a new position in Alphabet Inc. (NASDAQ:GOOG) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 12,560 shares of the information services provider’s stock, valued at approximately $2,228,000. Alphabet makes up approximately 0.5% of Eleva Capital SAS’s investment portfolio, making the stock its 14th largest holding.

Several other large investors also recently bought and sold shares of the business. Integrity Financial Corp WA lifted its stake in Alphabet by 7.6% during the 2nd quarter. Integrity Financial Corp WA now owns 9,699 shares of the information services provider’s stock valued at $1,720,000 after acquiring an additional 684 shares during the period. Gilbert & Cook Inc. grew its stake in shares of Alphabet by 1.9% in the second quarter. Gilbert & Cook Inc. now owns 36,369 shares of the information services provider’s stock worth $6,452,000 after acquiring an additional 689 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its stake in shares of Alphabet by 104.6% in the second quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 15,559 shares of the information services provider’s stock worth $2,760,000 after acquiring an additional 7,954 shares during the period. Sebold Capital Management Inc. lifted its position in Alphabet by 9.6% during the second quarter. Sebold Capital Management Inc. now owns 2,818 shares of the information services provider’s stock valued at $500,000 after purchasing an additional 248 shares during the period. Finally, Regal Partners Ltd lifted its position in Alphabet by 6,670.0% during the second quarter. Regal Partners Ltd now owns 246,158 shares of the information services provider’s stock valued at $43,666,000 after purchasing an additional 242,522 shares during the period. 27.26% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director John L. Hennessy sold 600 shares of the company’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $242.92, for a total transaction of $145,752.00. Following the completion of the transaction, the director owned 5,116 shares in the company, valued at approximately $1,242,778.72. This represents a 10.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 32,500 shares of the company’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $250.15, for a total transaction of $8,129,875.00. Following the transaction, the chief executive officer owned 2,369,619 shares of the company’s stock, valued at approximately $592,760,192.85. This represents a 1.35% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 222,442 shares of company stock valued at $51,200,307. Company insiders own 12.99% of the company’s stock.

Alphabet Stock Performance

NASDAQ GOOG opened at $284.12 on Tuesday. The business has a 50-day moving average price of $246.09 and a 200-day moving average price of $202.22. The firm has a market cap of $3.44 trillion, a price-to-earnings ratio of 28.02, a price-to-earnings-growth ratio of 1.86 and a beta of 1.00. Alphabet Inc. has a twelve month low of $142.66 and a twelve month high of $291.93. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Wednesday, October 29th. The information services provider reported $2.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.58. Alphabet had a return on equity of 36.08% and a net margin of 32.23%.The company had revenue of $102.35 billion for the quarter, compared to the consensus estimate of $99.90 billion. During the same quarter last year, the company earned $2.12 EPS. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. As a group, equities research analysts predict that Alphabet Inc. will post 8.89 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on GOOG shares. Robert W. Baird lifted their target price on shares of Alphabet from $215.00 to $275.00 and gave the stock an “outperform” rating in a research report on Monday, September 22nd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $340.00 price objective on shares of Alphabet in a report on Thursday. Weiss Ratings reissued a “buy (b)” rating on shares of Alphabet in a report on Wednesday, October 8th. Morgan Stanley boosted their price target on Alphabet from $210.00 to $270.00 and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Finally, Sanford C. Bernstein boosted their price target on Alphabet from $260.00 to $305.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Five investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $324.81.

Alphabet 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.