700 Shares in Alphabet Inc. (GOOG) Acquired by Copper Rock Capital Partners LLC
Copper Rock Capital Partners LLC purchased a new position in Alphabet Inc. (NASDAQ:GOOG) during the second quarter, Holdings Channel reports. The fund purchased 700 shares of the company’s stock, valued at approximately $484,000.
Other institutional investors have also recently made changes to their positions in the company. D. Scott Neal Inc. boosted its position in Alphabet by 2,000.0% in the second quarter. D. Scott Neal Inc. now owns 210 shares of the company’s stock valued at $145,000 after buying an additional 200 shares in the last quarter. Cacti Asset Management LLC bought a new position in Alphabet during the second quarter valued at about $159,000. Stewart & Patten Co. LLC boosted its position in Alphabet by 1.3% in the second quarter. Stewart & Patten Co. LLC now owns 323 shares of the company’s stock valued at $224,000 after buying an additional 4 shares in the last quarter. Retirement Planning Group boosted its position in Alphabet by 1.5% in the first quarter. Retirement Planning Group now owns 330 shares of the company’s stock valued at $246,000 after buying an additional 5 shares in the last quarter. Finally, Rosenbaum Jay D. bought a new position in Alphabet during the second quarter valued at about $260,000. Institutional investors own 34.40% of the company’s stock.
Alphabet Inc. (NASDAQ:GOOG) traded down 0.37% during midday trading on Friday, hitting $768.88. The company had a trading volume of 2,049,338 shares. Alphabet Inc. has a 12 month low of $589.38 and a 12 month high of $789.87. The firm has a 50-day moving average price of $771.50 and a 200-day moving average price of $733.24. The company has a market cap of $528.43 billion, a price-to-earnings ratio of 29.79 and a beta of 1.03.
Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, July 28th. The company reported $8.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $8.03 by $0.39. Alphabet had a return on equity of 14.74% and a net margin of 22.00%. The firm had revenue of $21.50 billion for the quarter, compared to analyst estimates of $20.74 billion. During the same quarter in the prior year, the company earned $6.99 EPS. Alphabet’s revenue was up 21.3% on a year-over-year basis. Equities analysts anticipate that Alphabet Inc. will post $34.29 EPS for the current year.
Several equities analysts have issued reports on GOOG shares. Jefferies Group restated a “buy” rating on shares of Alphabet in a research note on Friday, September 9th. Mizuho restated a “buy” rating and set a $1,020.00 target price (up previously from $1,010.00) on shares of Alphabet in a research note on Sunday, July 31st. Longbow Research started coverage on shares of Alphabet in a research report on Wednesday, July 6th. They set a “buy” rating for the company. Vetr raised shares of Alphabet from a “buy” rating to a “strong-buy” rating and set a $778.71 price target for the company in a research report on Monday, June 20th. Finally, TheStreet raised shares of Alphabet from a “hold” rating to a “buy” rating in a research report on Monday, July 18th. Two equities research analysts have rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $925.56.
In other Alphabet news, CEO Lawrence Page sold 33,332 shares of the company’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $794.76, for a total transaction of $26,490,940.32. Following the sale, the chief executive officer now owns 30,666 shares in the company, valued at approximately $24,372,110.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Sergey Brin sold 33,340 shares of the company’s stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $704.24, for a total value of $23,479,361.60. Following the sale, the insider now owns 16,670 shares in the company, valued at approximately $11,739,680.80. The disclosure for this sale can be found here. Corporate insiders own 13.92% of the company’s stock.
Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.
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