Wade G W & Inc. Purchases 71 Shares of Alphabet Inc. (GOOG)
Wade G W & Inc. boosted its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 4.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,716 shares of the company’s stock after buying an additional 71 shares during the period. Wade G W & Inc.’s holdings in Alphabet were worth $1,188,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Proficio Capital Partners LLC boosted its stake in shares of Alphabet by 3.0% in the first quarter. Proficio Capital Partners LLC now owns 3,197 shares of the company’s stock worth $2,382,000 after buying an additional 92 shares during the period. Burns J W & Co. Inc. NY boosted its stake in shares of Alphabet by 22.3% in the first quarter. Burns J W & Co. Inc. NY now owns 5,686 shares of the company’s stock worth $4,236,000 after buying an additional 1,035 shares during the period. Leith Wheeler Investment Counsel Ltd. bought a new stake in shares of Alphabet during the first quarter worth $2,123,000. Chevy Chase Trust Holdings Inc. boosted its stake in shares of Alphabet by 2.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 293,997 shares of the company’s stock worth $219,014,000 after buying an additional 6,717 shares during the period. Finally, Fulton Bank N.A. boosted its stake in shares of Alphabet by 12.2% in the first quarter. Fulton Bank N.A. now owns 4,418 shares of the company’s stock worth $3,291,000 after buying an additional 481 shares during the period. Institutional investors and hedge funds own 34.40% of the company’s stock.
Alphabet Inc. (NASDAQ:GOOG) traded down 0.37% during trading on Friday, hitting $768.88. The stock had a trading volume of 2,049,338 shares. The company has a 50-day moving average of $771.50 and a 200-day moving average of $733.24. Alphabet Inc. has a 52 week low of $589.38 and a 52 week high of $789.87. The stock has a market capitalization of $528.43 billion, a P/E ratio of 29.79 and a beta of 1.03.
Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, July 28th. The company reported $8.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.03 by $0.39. The company earned $21.50 billion during the quarter, compared to analyst estimates of $20.74 billion. Alphabet had a return on equity of 14.74% and a net margin of 22.00%. Alphabet’s quarterly revenue was up 21.3% on a year-over-year basis. During the same period in the prior year, the company posted $6.99 earnings per share. On average, equities analysts expect that Alphabet Inc. will post $34.29 earnings per share for the current fiscal year.
A number of analysts have weighed in on GOOG shares. Jefferies Group reiterated a “buy” rating on shares of Alphabet in a research report on Friday, September 9th. Mizuho reiterated a “buy” rating and issued a $1,020.00 price target (up from $1,010.00) on shares of Alphabet in a research report on Sunday, July 31st. Longbow Research started coverage on Alphabet in a research report on Wednesday, July 6th. They issued a “buy” rating on the stock. Vetr upgraded Alphabet from a “buy” rating to a “strong-buy” rating and set a $778.71 price target on the stock in a research report on Monday, June 20th. Finally, TheStreet upgraded Alphabet from a “hold” rating to a “buy” rating in a report on Monday, July 18th. Two research analysts have rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the stock. Alphabet currently has an average rating of “Buy” and an average price target of $925.56.
In other Alphabet news, CEO Lawrence Page sold 33,332 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 30,666 shares of the company’s stock, valued at $24,372,110.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ann Mather sold 115 shares of the stock in a transaction on Monday, August 1st. The shares were sold at an average price of $769.38, for a total value of $88,478.70. Following the transaction, the director now directly owns 1,656 shares of the company’s stock, valued at $1,274,093.28. The disclosure for this sale can be found here. 13.92% of the stock is owned by 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.
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).
Receive News & Ratings for Alphabet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.