Captrust Financial Advisors raised its position in shares of Alphabet Inc (NASDAQ:GOOG) by 2.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,714 shares of the information services provider’s stock after purchasing an additional 222 shares during the period. Captrust Financial Advisors’ holdings in Alphabet were worth $9,722,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in GOOG. Braun Bostich & Associates Inc. bought a new position in shares of Alphabet in the 1st quarter worth $107,000. JJJ Advisors Inc. bought a new position in shares of Alphabet in the 2nd quarter worth $134,000. Stelac Advisory Services LLC bought a new position in shares of Alphabet in the 1st quarter worth $145,000. Well Done LLC bought a new position in shares of Alphabet in the 1st quarter worth $176,000. Finally, Clearwater Capital Advisors LLC bought a new position in shares of Alphabet in the 1st quarter worth $189,000. 34.16% of the stock is owned by hedge funds and other institutional investors.
Shares of GOOG stock opened at $1,066.15 on Friday. Alphabet Inc has a 1-year low of $980.64 and a 1-year high of $1,273.89. The company has a current ratio of 4.14, a quick ratio of 4.10 and a debt-to-equity ratio of 0.02. The firm has a market cap of $734.71 billion, a P/E ratio of 23.76 and a beta of 1.16.
Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, October 25th. The information services provider reported $13.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $10.41 by $2.65. Alphabet had a return on equity of 19.40% and a net margin of 14.45%. The firm had revenue of $27.16 billion for the quarter.
Several research analysts have recently commented on the company. Oppenheimer reissued a “buy” rating on shares of Alphabet in a research report on Wednesday, July 25th. Barclays reissued a “buy” rating on shares of Alphabet in a research report on Friday, October 26th. Cowen boosted their price target on Alphabet from $1,245.00 to $1,350.00 and gave the stock an “outperform” rating in a research report on Friday, July 13th. Morgan Stanley reissued a “buy” rating on shares of Alphabet in a research report on Tuesday, July 24th. Finally, Wedbush assumed coverage on Alphabet in a research report on Wednesday, October 17th. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $1,301.81.
In other Alphabet news, CEO Sundar Pichai sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $1,073.27, for a total transaction of $10,732,700.00. Following the sale, the chief executive officer now owns 844 shares in the company, valued at approximately $905,839.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 80 shares of the business’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $1,193.80, for a total value of $95,504.00. Following the sale, the chief accounting officer now owns 388 shares in the company, valued at approximately $463,194.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 87,621 shares of company stock worth $102,660,942. 13.11% of the stock is owned by company insiders.
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Alphabet Company Profile
Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.
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