Alphabet Inc. (GOOG) Shares Sold by Mirador Capital Partners LP
Mirador Capital Partners LP reduced its position in Alphabet Inc. (NASDAQ:GOOG) by 2.2% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 3,495 shares of the company’s stock after selling 78 shares during the period. Alphabet accounts for 2.4% of Mirador Capital Partners LP’s holdings, making the stock its 7th largest position. Mirador Capital Partners LP’s holdings in Alphabet were worth $2,717,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the company. Signature Estate & Investment Advisors LLC bought a new position in Alphabet during the third quarter valued at approximately $102,000. Mesirow Financial Investment Management Equity Management bought a new position in Alphabet during the second quarter valued at approximately $121,000. Quantbot Technologies LP boosted its position in Alphabet by 64.2% in the third quarter. Quantbot Technologies LP now owns 156 shares of the company’s stock valued at $121,000 after buying an additional 61 shares during the last quarter. Whitnell & Co. boosted its position in Alphabet by 20.6% in the second quarter. Whitnell & Co. now owns 187 shares of the company’s stock valued at $129,000 after buying an additional 32 shares during the last quarter. Finally, Trust Department MB Financial Bank N A boosted its position in Alphabet by 3.0% in the third quarter. Trust Department MB Financial Bank N A now owns 170 shares of the company’s stock valued at $132,000 after buying an additional 5 shares during the last quarter. 34.22% of the stock is currently owned by institutional investors and hedge funds.
Shares of Alphabet Inc. (NASDAQ:GOOG) traded up 0.18% during mid-day trading on Friday, hitting $807.80. The stock had a trading volume of 709,863 shares. Alphabet Inc. has a 12 month low of $663.06 and a 12 month high of $816.68. The stock has a market cap of $556.77 billion, a P/E ratio of 29.57 and a beta of 0.93. The firm has a 50 day moving average price of $779.29 and a 200-day moving average price of $765.14.
Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, October 27th. The company reported $9.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $8.62 by $0.44. Alphabet had a net margin of 22.29% and a return on equity of 15.08%. The firm had revenue of $22.45 billion for the quarter, compared to the consensus estimate of $13.17 billion. During the same quarter in the previous year, the company earned $7.35 earnings per share. The business’s revenue was up 20.2% compared to the same quarter last year. On average, equities research analysts forecast that Alphabet Inc. will post $34.46 EPS for the current year.
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Several research firms have commented on GOOG. RBC Capital Markets set a $880.00 target price on shares of Alphabet and gave the company a “buy” rating in a research note on Monday, December 26th. Goldman Sachs Group, Inc. (The) set a $970.00 target price on shares of Alphabet and gave the company a “buy” rating in a research note on Friday, October 28th. Robert W. Baird reissued an “outperform” rating on shares of Alphabet in a research note on Wednesday, December 21st. Atlantic Securities reissued a “buy” rating on shares of Alphabet in a research note on Friday, October 28th. Finally, Needham & Company LLC reissued a “buy” rating and set a $925.00 target price (up previously from $900.00) on shares of Alphabet in a research note on Friday, October 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and forty-four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $941.91.
In other news, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction on Wednesday, October 19th. The shares were sold at an average price of $801.27, for a total value of $3,205,080.00. Following the sale, the chief executive officer now owns 2,856 shares in the company, valued at approximately $2,288,427.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP James Grier Campbell sold 194 shares of the business’s stock in a transaction on Wednesday, November 2nd. The shares were sold at an average price of $778.20, for a total transaction of $150,970.80. The disclosure for this sale can be found here. Company 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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