Alphabet Inc (NASDAQ:GOOG) Shares Acquired by Watch Point Trust Co

Watch Point Trust Co lifted its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 18.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,481 shares of the information services provider’s stock after purchasing an additional 393 shares during the quarter. Watch Point Trust Co’s holdings in Alphabet were worth $2,682,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of GOOG. 1 North Wealth Services LLC purchased a new stake in shares of Alphabet during the fourth quarter worth approximately $34,000. HMS Capital Management LLC purchased a new position in Alphabet in the second quarter valued at approximately $38,000. TD Capital Management LLC increased its stake in Alphabet by 38.5% in the fourth quarter. TD Capital Management LLC now owns 36 shares of the information services provider’s stock valued at $37,000 after purchasing an additional 10 shares during the last quarter. Truehand Inc purchased a new position in Alphabet in the fourth quarter valued at approximately $38,000. Finally, Thor Advisors LLC purchased a new position in Alphabet in the first quarter valued at approximately $56,000. 33.98% of the stock is currently owned by institutional investors and hedge funds.

Shares of GOOG traded up $5.31 during mid-day trading on Thursday, reaching $1,169.60. 550,075 shares of the company’s stock were exchanged, compared to its average volume of 1,719,128. The company has a quick ratio of 3.96, a current ratio of 3.98 and a debt-to-equity ratio of 0.07. The stock has a market cap of $814.54 billion, a PE ratio of 24.62, a PEG ratio of 1.29 and a beta of 0.96. The stock’s fifty day simple moving average is $1,155.12. Alphabet Inc has a 52-week low of $970.11 and a 52-week high of $1,289.27.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, July 25th. The information services provider reported $14.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.49 by $2.72. The business had revenue of $38.94 billion for the quarter, compared to analyst estimates of $38.21 billion. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period last year, the firm posted $11.75 earnings per share. As a group, equities analysts forecast that Alphabet Inc will post 52.1 EPS for the current year.

GOOG has been the topic of several recent analyst reports. Oppenheimer increased their price target on shares of Alphabet from $1,342.00 to $1,370.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Bank of America reiterated a “buy” rating and issued a $1,450.00 price target (up from $1,350.00) on shares of Alphabet in a research note on Friday, July 26th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Alphabet in a research note on Friday, July 26th. Stifel Nicolaus lowered shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,287.00 price target on the stock. in a research note on Tuesday, April 30th. Finally, Zacks Investment Research upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,372.00 price target on the stock in a research note on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $1,378.93.

In other Alphabet news, Director Ann Mather sold 39 shares of the business’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $1,100.00, for a total value of $42,900.00. Following the transaction, the director now directly owns 1,797 shares of the company’s stock, valued at approximately $1,976,700. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 69 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $1,042.90, for a total transaction of $71,960.10. Following the completion of the transaction, the chief accounting officer now directly owns 388 shares in the company, valued at $404,645.20. The disclosure for this sale can be found here. Insiders sold a total of 2,123 shares of company stock worth $2,553,758 over the last three months. 12.99% of the stock is currently owned by corporate insiders.

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.

Read More: How can investors benefit from after-hours trading?

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)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


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