Trust Co. of Oklahoma lifted its holdings in Alphabet Inc (NASDAQ:GOOG) by 22.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 972 shares of the information services provider’s stock after purchasing an additional 178 shares during the quarter. Trust Co. of Oklahoma’s holdings in Alphabet were worth $1,160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also bought and sold shares of GOOG. Braun Bostich & Associates Inc. purchased a new position in shares of Alphabet in the first quarter worth $107,000. JJJ Advisors Inc. purchased a new stake in Alphabet during the second quarter valued at $134,000. ELM Advisors LLC purchased a new stake in Alphabet during the third quarter valued at $138,000. LFA Lugano Financial Advisors SA purchased a new stake in Alphabet during the third quarter valued at $161,000. Finally, Blackhawk Capital Partners LLC. increased its position in Alphabet by 148.6% during the second 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 last quarter. Hedge funds and other institutional investors own 40.44% of the company’s stock.
GOOG has been the subject of a number of research reports. Macquarie reiterated a “buy” rating on shares of Alphabet in a research report on Wednesday, August 15th. BidaskClub cut Alphabet from a “buy” rating to a “hold” rating in a research report on Friday, August 17th. Morningstar reiterated a “neutral” rating on shares of Alphabet in a research report on Friday, August 17th. Oppenheimer reiterated a “buy” rating on shares of Alphabet in a research report on Friday, August 17th. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Alphabet in a research report on Monday, August 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-nine have issued a buy rating to the company. Alphabet has an average rating of “Buy” and an average target price of $1,301.81.
NASDAQ:GOOG opened at $1,036.58 on Friday. Alphabet Inc has a 52-week low of $980.64 and a 52-week high of $1,273.89. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.14 and a quick ratio of 4.10. The stock has a market cap of $743.70 billion, a price-to-earnings ratio of 24.05 and a beta of 1.15.
Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, October 25th. The information services provider reported $13.06 earnings per share (EPS) 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 business had revenue of $27.16 billion during the quarter.
In other news, SVP David C. Drummond sold 5,690 shares of the company’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $1,177.36, for a total value of $6,699,178.40. Following the completion of the transaction, the senior vice president now owns 41,234 shares of the company’s stock, valued at $48,547,262.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 10,000 shares of the company’s stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $1,160.42, for a total value of $11,604,200.00. Following the completion of the transaction, the chief executive officer now directly owns 546 shares of the company’s stock, valued at approximately $633,589.32. The disclosure for this sale can be found here. Insiders have sold 89,437 shares of company stock valued at $98,403,047 in the last three months. 13.11% of the stock is currently owned by corporate 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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