Sheaff Brock Investment Advisors LLC lowered its position in shares of Alphabet Inc (NASDAQ:GOOG) by 4.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,570 shares of the information services provider’s stock after selling 110 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Alphabet were worth $2,778,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of GOOG. 1 North Wealth Services LLC bought a new stake in Alphabet during the fourth quarter valued at $34,000. TD Capital Management LLC boosted its position in Alphabet by 38.5% during the fourth quarter. TD Capital Management LLC now owns 36 shares of the information services provider’s stock valued at $37,000 after acquiring an additional 10 shares during the last quarter. Truehand Inc acquired a new position in shares of Alphabet during the fourth quarter valued at about $38,000. HMS Capital Management LLC acquired a new position in shares of Alphabet during the second quarter valued at about $38,000. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of Alphabet by 102,010.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 56,224,303 shares of the information services provider’s stock valued at $54,000 after purchasing an additional 56,169,241 shares during the period. 33.98% of the stock is currently owned by institutional investors and hedge funds.
In related news, VP Amie Thuener O’toole sold 55 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $1,200.74, for a total value of $66,040.70. Following the sale, the vice president now owns 388 shares in the company, valued at approximately $465,887.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Capitalg Lp acquired 140,000 shares of Alphabet stock in a transaction on Friday, June 14th. The stock was purchased at an average cost of $34.00 per share, with a total value of $4,760,000.00. The disclosure for this purchase can be found here. Insiders sold a total of 2,123 shares of company stock worth $2,553,758 in the last 90 days. 12.99% of the stock is currently owned by company insiders.
Shares of GOOG traded down $31.77 on Wednesday, reaching $1,165.50. The company’s stock had a trading volume of 33,286 shares, compared to its average volume of 1,506,290. The company has a quick ratio of 3.96, a current ratio of 3.98 and a debt-to-equity ratio of 0.07. Alphabet Inc has a twelve month low of $970.11 and a twelve month high of $1,289.27. The firm has a market cap of $823.76 billion, a PE ratio of 24.56, a PEG ratio of 1.30 and a beta of 0.96. The company has a fifty day moving average of $1,153.65.
Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, July 25th. The information services provider reported $14.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $11.49 by $2.72. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. The company had revenue of $38.94 billion for the quarter, compared to analyst estimates of $38.21 billion. During the same quarter in the prior year, the business posted $11.75 EPS. The firm’s revenue was up 19.3% compared to the same quarter last year. Equities research analysts forecast that Alphabet Inc will post 52.1 EPS for the current fiscal year.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,372.00 price objective on the stock in a report on Wednesday, July 31st. Royal Bank of Canada reiterated a “buy” rating on shares of Alphabet in a report on Tuesday, April 30th. Stifel Nicolaus lowered shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,287.00 price objective on the stock. in a report on Tuesday, April 30th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Alphabet in a report on Friday, July 26th. Finally, UBS Group reiterated a “buy” rating on shares of Alphabet in a report on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $1,373.93.
Alphabet Company Profile
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.
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