Slow Capital Inc. decreased its position in shares of Alphabet Inc (NASDAQ:GOOG) by 5.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,919 shares of the information services provider’s stock after selling 156 shares during the quarter. Alphabet accounts for approximately 1.3% of Slow Capital Inc.’s portfolio, making the stock its 12th largest holding. Slow Capital Inc.’s holdings in Alphabet were worth $3,155,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. 1 North Wealth Services LLC purchased a new position in shares of Alphabet during the 4th quarter valued at approximately $34,000. TD Capital Management LLC lifted its position in shares of Alphabet by 38.5% during the 4th quarter. TD Capital Management LLC now owns 36 shares of the information services provider’s stock valued at $37,000 after buying an additional 10 shares in the last quarter. Truehand Inc purchased a new position in shares of Alphabet during the 4th quarter valued at approximately $38,000. HMS Capital Management LLC purchased a new position in shares of Alphabet during the 2nd quarter valued at approximately $38,000. Finally, Oregon Public Employees Retirement Fund lifted its position in shares of Alphabet by 102,010.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 56,224,303 shares of the information services provider’s stock valued at $54,000 after buying an additional 56,169,241 shares in the last quarter. 33.98% of the stock is currently owned by institutional investors and hedge funds.
In other news, VP Amie Thuener O’toole sold 55 shares of Alphabet stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $1,200.74, for a total transaction of $66,040.70. Following the transaction, the vice president now owns 388 shares in the company, valued at approximately $465,887.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ann Mather sold 39 shares of Alphabet stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $1,100.00, for a total value of $42,900.00. Following the transaction, the director now owns 1,797 shares in the company, valued at approximately $1,976,700. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,123 shares of company stock worth $2,553,758. Insiders own 12.99% of the company’s stock.
GOOG stock traded down $30.75 during midday trading on Wednesday, reaching $1,166.52. The stock had a trading volume of 36,773 shares, compared to its average volume of 1,506,290. Alphabet Inc has a 52-week low of $970.11 and a 52-week high of $1,289.27. The company has a current ratio of 3.98, a quick ratio of 3.96 and a debt-to-equity ratio of 0.07. The firm has a fifty day moving average price of $1,153.65. The stock has a market cap of $823.76 billion, a P/E ratio of 24.56, a price-to-earnings-growth ratio of 1.30 and a beta of 0.96.
Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, July 25th. The information services provider reported $14.21 EPS for the quarter, topping the consensus estimate of $11.49 by $2.72. Alphabet had a return on equity of 20.15% and a net margin of 23.43%. The business had revenue of $38.94 billion for the quarter, compared to analyst estimates of $38.21 billion. During the same quarter in the previous year, the firm earned $11.75 EPS. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. On average, analysts predict that Alphabet Inc will post 52.1 EPS for the current fiscal year.
A number of brokerages have recently issued reports on GOOG. UBS Group reiterated a “buy” rating on shares of Alphabet in a research report on Friday, July 26th. Zacks Investment Research upgraded Alphabet from a “hold” rating to a “buy” rating and set a $1,372.00 target price on the stock in a research report on Wednesday, July 31st. Oppenheimer increased their target price on Alphabet from $1,342.00 to $1,370.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a report on Tuesday, July 23rd. Finally, Credit Suisse Group raised their price objective on Alphabet from $1,400.00 to $1,500.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus 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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