Royal Bank of Scotland Group PLC reduced its stake in Alphabet Inc (NASDAQ:GOOG) by 32.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 1,857 shares of the information services provider’s stock after selling 900 shares during the quarter. Royal Bank of Scotland Group PLC’s holdings in Alphabet were worth $2,072,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the stock. Braun Bostich & Associates Inc. bought a new stake in Alphabet in the 1st quarter valued at about $107,000. JJJ Advisors Inc. bought a new stake in Alphabet in the 2nd quarter valued at about $134,000. Stelac Advisory Services LLC bought a new stake in Alphabet in the 1st quarter valued at about $145,000. Well Done LLC bought a new stake in Alphabet in the 1st quarter valued at about $176,000. Finally, Blackhawk Capital Partners LLC. raised its stake in Alphabet by 148.6% in the 2nd quarter. Blackhawk Capital Partners LLC. now owns 174 shares of the information services provider’s stock valued at $194,000 after acquiring an additional 104 shares during the period. 34.16% of the stock is currently owned by institutional investors.
In other news, Director Ann Mather sold 24 shares of the business’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $1,206.20, for a total transaction of $28,948.80. Following the completion of the transaction, the director now owns 1,898 shares of the company’s stock, valued at $2,289,367.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $1,193.80, for a total value of $95,504.00. Following the transaction, the chief accounting officer now directly owns 388 shares of the company’s stock, valued at approximately $463,194.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 87,621 shares of company stock worth $102,660,942. Company insiders own 13.11% of the company’s stock.
Shares of GOOG opened at $1,066.15 on Friday. Alphabet Inc has a twelve month low of $980.64 and a twelve month high of $1,273.89. The stock has a market cap of $760.87 billion, a PE ratio of 24.60 and a beta of 1.16. The company has a current ratio of 4.14, a quick ratio of 4.10 and a debt-to-equity ratio of 0.02.
Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, October 25th. The information services provider reported $13.06 earnings per share for the quarter, beating 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.
A number of equities research analysts recently issued reports on GOOG shares. Cowen boosted their price objective on Alphabet from $1,245.00 to $1,350.00 and gave the company an “outperform” rating in a research note on Friday, July 13th. Barclays restated a “buy” rating on shares of Alphabet in a research note on Monday, July 16th. Jefferies Financial Group restated a “buy” rating on shares of Alphabet in a research note on Monday, July 16th. Credit Suisse Group restated a “buy” rating on shares of Alphabet in a research note on Monday, July 16th. Finally, JPMorgan Chase & Co. restated a “$1,195.88” rating on shares of Alphabet in a research note on Wednesday, July 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-eight have given a buy rating to the stock. Alphabet presently has a consensus rating of “Buy” and a consensus price target of $1,301.81.
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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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