Alphabet Inc. (GOOG) Stake Boosted by Rosenbaum Jay D.
Rosenbaum Jay D. increased its position in Alphabet Inc. (NASDAQ:GOOG) by 5.3% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 395 shares of the company’s stock after buying an additional 20 shares during the period. Rosenbaum Jay D.’s holdings in Alphabet were worth $307,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Douglass Winthrop Advisors LLC boosted its position in Alphabet by 5.0% in the second quarter. Douglass Winthrop Advisors LLC now owns 41,357 shares of the company’s stock worth $28,623,000 after buying an additional 1,969 shares in the last quarter. Barrett Asset Management LLC boosted its position in Alphabet by 0.8% in the second quarter. Barrett Asset Management LLC now owns 36,883 shares of the company’s stock worth $25,527,000 after buying an additional 280 shares in the last quarter. Pennsylvania Trust Co boosted its position in Alphabet by 0.7% in the second quarter. Pennsylvania Trust Co now owns 5,606 shares of the company’s stock worth $3,880,000 after buying an additional 38 shares in the last quarter. First National Bank of Omaha boosted its position in Alphabet by 2.3% in the second quarter. First National Bank of Omaha now owns 20,272 shares of the company’s stock worth $14,030,000 after buying an additional 465 shares in the last quarter. Finally, 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 worth $145,000 after buying an additional 200 shares in the last quarter. Institutional investors own 34.22% of the company’s stock.
Alphabet Inc. (NASDAQ:GOOG) traded up 0.19% on Friday, hitting $807.88. The stock had a trading volume of 1,099,215 shares. The stock’s 50-day moving average is $779.29 and its 200 day moving average is $765.14. Alphabet Inc. has a 1-year low of $663.06 and a 1-year high of $816.68. The firm has a market capitalization of $556.82 billion, a price-to-earnings ratio of 29.57 and a beta of 0.93.
Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, October 27th. The company reported $9.06 EPS for the quarter, topping analysts’ consensus estimates of $8.62 by $0.44. The company had revenue of $22.45 billion for the quarter, compared to the consensus estimate of $13.17 billion. Alphabet had a return on equity of 15.08% and a net margin of 22.29%. The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same period in the previous year, the business earned $7.35 earnings per share. On average, equities research analysts predict that Alphabet Inc. will post $34.48 earnings per share for the current fiscal year.
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GOOG has been the topic of a number of recent analyst reports. J P Morgan Chase & Co reiterated a “buy” rating on shares of Alphabet in a research report on Tuesday, September 27th. Moffett Nathanson restated a “buy” rating and set a $925.00 price target on shares of Alphabet in a report on Friday, September 23rd. restated a “buy” rating on shares of Alphabet in a report on Friday, September 23rd. Cantor Fitzgerald restated a “buy” rating and set a $1,000.00 price target on shares of Alphabet in a report on Wednesday, October 5th. Finally, SunTrust Banks, Inc. restated a “buy” rating and set a $900.00 price target on shares of Alphabet in a report on Wednesday, October 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and forty-four have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $941.91.
In other Alphabet news, SVP David C. Drummond sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, January 12th. The stock was sold at an average price of $817.76, for a total transaction of $1,635,520.00. Following the sale, the senior vice president now directly owns 9,800 shares in the company, valued at $8,014,048. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Sergey Brin sold 33,340 shares of the company’s stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $795.26, for a total value of $26,513,968.40. Following the sale, the insider now owns 16,670 shares in the company, valued at $13,256,984.20. The disclosure for this sale can be found here. 13.92% of the stock is owned by corporate insiders.
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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