Malaga Cove Capital LLC Increases Its Position in Alphabet Inc. (NASDAQ:GOOG)

The most recent Form 13F filing with the Securities and Exchange Commission that the company submitted reveals that during the third quarter of this year, Malaga Cove Capital LLC increased its holdings in Alphabet INC (NASDAQ: GOOG) by a factor of 2,861.8%. (SEC).

The institutional investor now has a total of 4,028 shares of stock in the information services company after purchasing an additional 3,892 shares during the relevant period.

This brings the investor’s total number of shares owned in the company to 4,028.

At the end of the most recent financial quarter, Alphabet was given a value of $387,000 by Malaga Cove Capital LLC

Over the past few months, the number of other institutional investors and hedge funds has increased or decreased the percentage of GOOG shares in their portfolios.

The Old Second National Bank of Aurora increased the amount of Alphabet stock owned by 1,900.0% during the third quarter.

After purchasing an additional 247 shares during the most recent quarter, The Old Second National Bank of Aurora now has 260 shares of the stock held by the information services provider.

These 260 shares have a combined value of $25,000 and give the bank a total of 260 shares of the company’s stock.

The proportion of Alphabet stock that Carolina Wealth Advisors LLC owns experienced a 1,900.0% increase during the third quarter.

The most recent quarter saw an increase of 285 new shares for the information services provider’s stock.

This brought the total number of shares owned by Carolina Wealth Advisors LLC to 300, with a value of $29,000 for those shares.

The Alphabet was one of the companies in which NewSquare Capital LLC saw a holding increase of 1,900% during the third quarter.

The most recent fiscal quarter saw NewSquare Capital LLC acquire an additional 304 shares, bringing the total number of shares in the information services provider’s stock that it owns up to 320, with a value of $31,000.

This was accomplished through the purchase of additional stock.

Through the third quarter, Schubert & Company was able to increase the proportion of Alphabet stock owned by 1,192.9%. Following purchasing an additional 334 shares during the most recent quarter, Schubert & Co now has 362 shares of the information services provider’s stock for $35,000 per share.

This brings the total number of shares owned by Schubert & Co to 362.
Last but not least, during the third quarter, Avion Wealth multiplied its existing holdings in Alphabet by a factor of 1,900, bringing the total amount of its Alphabet holdings to $2,400.

After purchasing an additional 361 shares in the prior quarter, Avion Wealth now directly owns 380 shares of the information services business, which are worth $37,000.

In the previous quarter, these shares were acquired.

At this time, institutional investors hold 28.69% of the company’s total shares.
The stock in question has been the subject of several equity analysts’ commentary.

In a research note that was issued on January 11, Cowen cut their “outperform” rating on Alphabet shares and decreased their price objective for the stock from $135.00 per share to $125.00 per share shares and decreased their price objective for the stock from $135.00 per share to $125.00 per share.

Their price objective for the stock decreased from $135.00 per share to $125.00 per share.

In a research note published on Friday, February 3, Raymond James raised their “outperform” rating on Alphabet shares and raised their price objective on those shares from $116.00 to $119.00.

Piper Sandler decreased their price target on Alphabet shares from $122.00 to $120.00 and gave the stock an “overweight” rating in a research note published on Friday, February 3.

The research note also classified the stock as “overweight.” In a research note published on January 31, Bank of America raised its “buy” rating and price objective on Alphabet shares from $116.00 to $119.00.
Additionally, the price objective remained the same.

Last but not least, a research report on Alphabet shares set a price objective of $136.00, published by Credit Suisse Group on Friday, February 3.

Analysts employed by various financial institutions have given the stock eighteen buy ratings, one recommendation to hold it, and one recommendation to sell it.

The stock is currently rated as a “Moderate Buy,” and market analysts anticipate that the price will reach $137.13 in the not-too-distant future, as indicated by information from Bloomberg.com.
On Friday, the opening price for a share of GOOG was $95.46.

Trading began that day.

There is a debt-to-equity ratio of 0.056, the current ratio is 2.34, the quick ratio is 2.38, and the current ratio is 2.34. Over the previous twelve months, the share price of Alphabet INC ranged from a low of $83.45 to a high of $144.16.

The company’s simple moving average over the past fifty days is $94.40, and the company’s simple moving average over the past two hundred days is $100.92.

The company has a PE ratio of 20.98, a PEG ratio of 1.50, and a beta value of 1.08.

In other words, its market capitalization is currently sitting at 1.24 quadrillion dollars.

On February 2, the most recent earnings report for Alphabet, which is publicly traded and can be found under the NASDAQ: GOOG, was made available to the public.

The company announced that it had earnings per share for the quarter of $1.05, which was $0.09 less than the consensus estimate of $1.14 provided by financial analysts.

The company’s sales for the quarter came in at $76.05 billion, which is less than the industry analysts’ forecast of $76.49 billion for the company’s sales for the quarter.

During the year, Alphabet reported a return on equity of 23.54% and a net margin of 21.20%.

The rise in the company’s revenue was 1.0% higher when compared to the previous year’s increase. Compared to the current year, the company had earnings of $1.53 per share during the same period the year before NASDAQ: GOOG was made available to the public.

The company announced that it had earnings per share for the quarter of $1.05, which was $0.09 less than the consensus estimate of $1.14 provided by financial analysts.

The company’s sales for the quarter came in at $76.05 billion, which is less than the industry analysts’ forecast of $76.49 billion for the company’s sales for the quarter.

During the year, Alphabet reported a return on equity of 23.54% and a net margin of 21.20%.

The rise in the company’s revenue was 1.0% higher when compared to the previous year’s increase. Compared to the current year, the company had earnings of $1.53 per share during the year before. Sell-side analysts forecast that Alphabet INC will achieve earnings per share of 5.1 cents throughout the current fiscal year.

Amie Thuener O’toole, who currently holds the position of chief operating officer at Alphabet INC, was the one who sold 855 shares of the company’s stock on December 1.

The total amount received for the sale of the shares was $86,466.15, and the price paid for each share, on average, was $101.13.

The chief accounting officer has a current holding in the company that amounts to 24,908 shares, and the value of those shares is approximately 2,518,946.04 dollars (after the completion of the transaction). Should you follow this link, you will be taken to the SEC filing in which the transaction was discussed in greater detail.

Amie Thuener O’toole, who currently holds the position of chief operating officer at Alphabet INC, was the one who sold 855 shares of the company’s stock on December 1.

The total amount received for the sale of the shares was $86,466.15, and the price paid for each share, on average, was $101.13.

The chief accounting officer has a current holding in the company that amounts to 24,908 shares, and the value of those shares is approximately 2,518,946.04 dollars (after the completion of the transaction). Should you follow this link, you will be taken to the SEC filing in which the transaction was discussed in greater detail. On the same day, January 3, Senior Vice President of Operations Prabhakar Raghavan sold 22,203 shares of company stock.

The transaction was valued at $1,992,719.25 after the shares were acquired at an average price of $89.75 per share.

It is estimated that the senior vice president’s direct stakes in the company are currently worth somewhere in the neighborhood of $6,872,965.25 at this time.

Disclosures that are related to the sale might be found in this section of the website.

During the most recent quarter of the company’s fiscal year, company insiders sold 36,943 shares of company stock for a total price of $3,454,353.

The company’s insiders own the equity of the company to the tune of 99 percent.

Alphabet, INC is a holding company that is involved in both the acquisition and administration of a large number of different businesses.

Its primary focus is on the administration of these companies. Google and Other Bets are the two divisions in charge of running the company’s day-to-day operations. Within the Google section of the website, you’ll find offerings for various services, including advertisements, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, and YouTube.