Telos Capital Management Inc. Buys 172 Shares of Alphabet Inc (GOOG)

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Telos Capital Management Inc. boosted its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 23.8% during the fourth quarter, HoldingsChannel reports. The firm owned 896 shares of the information services provider’s stock after purchasing an additional 172 shares during the quarter. Telos Capital Management Inc.’s holdings in Alphabet were worth $928,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Diversified Trust Co raised its stake in Alphabet by 0.7% in the third quarter. Diversified Trust Co now owns 1,508 shares of the information services provider’s stock valued at $1,800,000 after buying an additional 10 shares during the last quarter. Bath Savings Trust Co raised its stake in Alphabet by 4.1% in the fourth quarter. Bath Savings Trust Co now owns 256 shares of the information services provider’s stock valued at $265,000 after buying an additional 10 shares during the last quarter. Hemenway Trust Co LLC raised its stake in Alphabet by 2.9% in the fourth quarter. Hemenway Trust Co LLC now owns 358 shares of the information services provider’s stock valued at $371,000 after buying an additional 10 shares during the last quarter. Vigilant Capital Management LLC raised its stake in Alphabet by 6.4% in the fourth quarter. Vigilant Capital Management LLC now owns 183 shares of the information services provider’s stock valued at $190,000 after buying an additional 11 shares during the last quarter. Finally, DeDora Capital Inc. raised its stake in Alphabet by 0.6% in the fourth quarter. DeDora Capital Inc. now owns 1,814 shares of the information services provider’s stock valued at $1,879,000 after buying an additional 11 shares during the last quarter. 34.49% of the stock is currently owned by institutional investors.

A number of equities research analysts have commented on GOOG shares. Credit Suisse Group reiterated a “buy” rating on shares of Alphabet in a research note on Tuesday, February 5th. Deutsche Bank reiterated a “buy” rating and issued a $1,380.00 price target (up from $1,300.00) on shares of Alphabet in a research note on Tuesday, February 5th. UBS Group reiterated a “buy” rating on shares of Alphabet in a research note on Tuesday, February 5th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Alphabet in a research note on Tuesday, February 5th. Finally, Royal Bank of Canada restated a “buy” rating on shares of Alphabet in a research note on Friday, February 1st. Two analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $1,366.85.

In related news, Director Ann Mather sold 40 shares of the firm’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $1,113.10, for a total transaction of $44,524.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Amie Thuener O’toole sold 89 shares of the firm’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $1,195.32, for a total value of $106,383.48. Following the sale, the vice president now directly owns 388 shares in the company, valued at $463,784.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 759 shares of company stock worth $890,683. 13.11% of the stock is owned by corporate insiders.

Shares of NASDAQ:GOOG opened at $1,263.45 on Friday. Alphabet Inc has a 52-week low of $970.11 and a 52-week high of $1,273.89. The stock has a market capitalization of $879.10 billion, a PE ratio of 26.59, a PEG ratio of 1.49 and a beta of 1.05. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.92 and a quick ratio of 3.89.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Monday, February 4th. The information services provider reported $12.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.86 by $1.91. Alphabet had a return on equity of 19.94% and a net margin of 22.47%. The firm had revenue of $39.28 billion during the quarter, compared to analysts’ expectations of $38.91 billion. During the same period last year, the business posted $9.70 earnings per share. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. As a group, equities analysts predict that Alphabet Inc will post 47.36 earnings per share for the current fiscal year.

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About Alphabet

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

See Also: Return on Equity (ROE)

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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