Clearwater Capital Partners LLC Invests $250,000 in Alphabet Inc (GOOG)

Clearwater Capital Partners LLC acquired a new stake in Alphabet Inc (NASDAQ:GOOG) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 256 shares of the information services provider’s stock, valued at approximately $250,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Burt Wealth Advisors raised its stake in Alphabet by 17.2% in the 2nd quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock worth $123,000 after purchasing an additional 20 shares in the last quarter. Signature Estate & Investment Advisors LLC raised its stake in Alphabet by 3.8% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock worth $124,000 after purchasing an additional 5 shares in the last quarter. Archford Capital Strategies LLC raised its stake in Alphabet by 400.0% in the 2nd quarter. Archford Capital Strategies LLC now owns 1,040 shares of the information services provider’s stock worth $139,000 after purchasing an additional 832 shares in the last quarter. Almanack Investment Partners LLC. raised its stake in Alphabet by 4.5% in the 2nd quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock worth $147,000 after purchasing an additional 7 shares in the last quarter. Finally, St. Johns Investment Management Company LLC raised its stake in Alphabet by 1,046.7% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock worth $156,000 after purchasing an additional 157 shares in the last quarter. 34.64% of the stock is owned by institutional investors.

In other Alphabet news, Director Ann Mather sold 38 shares of Alphabet stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $959.26, for a total value of $36,451.88. Following the completion of the sale, the director now owns 1,797 shares in the company, valued at approximately $1,723,790.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP James Grier Campbell sold 183 shares of Alphabet stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $959.26, for a total transaction of $175,544.58. The disclosure for this sale can be found here. Insiders have sold a total of 36,900 shares of company stock valued at $37,430,220 in the last ninety days. 13.92% of the stock is currently owned by insiders.

Alphabet Inc (GOOG) opened at $1,060.12 on Friday. Alphabet Inc has a twelve month low of $770.41 and a twelve month high of $1,078.49. The firm has a market cap of $737,150.00, a P/E ratio of 35.31 and a beta of 0.94. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, beating analysts’ consensus estimates of $8.31 by $1.26. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The business had revenue of $27.77 billion during the quarter, compared to the consensus estimate of $27.17 billion. During the same quarter last year, the firm earned $9.06 earnings per share. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year.

GOOG has been the subject of several analyst reports. Morgan Stanley reiterated a “buy” rating on shares of Alphabet in a research note on Friday, September 29th. Bank of America reiterated a “buy” rating and issued a $1,100.00 price objective on shares of Alphabet in a research note on Tuesday, September 26th. BidaskClub upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Vetr cut shares of Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,033.60 price objective for the company. in a research note on Wednesday, August 30th. Finally, Monness Crespi & Hardt reiterated a “buy” rating on shares of Alphabet in a research note on Saturday, August 26th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and thirty-eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $1,046.24.

TRADEMARK VIOLATION WARNING: This piece of content was reported by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international trademark and copyright laws. The correct version of this piece of content can be viewed at https://www.com-unik.info/2017/12/23/clearwater-capital-partners-llc-invests-250000-in-alphabet-inc-goog.html.

Alphabet Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc (NASDAQ:GOOG).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

What are top analysts saying about Alphabet? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Alphabet and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit