Alphabet Inc. (GOOG) Position Increased by Capital One National Association
Capital One National Association boosted its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 32.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,122 shares of the information services provider’s stock after buying an additional 765 shares during the period. Capital One National Association’s holdings in Alphabet were worth $2,590,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. HT Partners LLC increased its stake in shares of Alphabet by 5.4% in the first quarter. HT Partners LLC now owns 331 shares of the information services provider’s stock valued at $275,000 after buying an additional 17 shares during the period. Triangle Securities Wealth Management increased its stake in shares of Alphabet by 4.8% in the first quarter. Triangle Securities Wealth Management now owns 3,822 shares of the information services provider’s stock valued at $3,171,000 after buying an additional 175 shares during the period. Cohen Lawrence B increased its stake in shares of Alphabet by 6.0% in the first quarter. Cohen Lawrence B now owns 2,541 shares of the information services provider’s stock valued at $2,108,000 after buying an additional 144 shares during the period. Rosenbaum Jay D. increased its stake in shares of Alphabet by 19.5% in the first quarter. Rosenbaum Jay D. now owns 490 shares of the information services provider’s stock valued at $406,000 after buying an additional 80 shares during the period. Finally, Moreno Evelyn V increased its stake in shares of Alphabet by 14.9% in the first quarter. Moreno Evelyn V now owns 6,112 shares of the information services provider’s stock valued at $5,070,000 after buying an additional 792 shares during the period. 34.54% of the stock is owned by institutional investors and hedge funds.
Shares of Alphabet Inc. (NASDAQ:GOOG) traded down 0.118% during midday trading on Tuesday, hitting $912.735. The stock had a trading volume of 208,516 shares. The stock has a market cap of $632.41 billion, a PE ratio of 33.078 and a beta of 0.94. Alphabet Inc. has a 12 month low of $727.54 and a 12 month high of $988.25. The stock’s 50-day moving average is $934.52 and its 200-day moving average is $896.81.
Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.43 by $0.58. The business had revenue of $26.01 billion during the quarter, compared to analysts’ expectations of $25.61 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The company’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.42 EPS. Equities analysts anticipate that Alphabet Inc. will post $30.59 EPS for the current year.
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GOOG has been the subject of several recent analyst reports. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Alphabet in a research report on Tuesday, July 25th. Nomura reiterated a “buy” rating and issued a $985.00 target price on shares of Alphabet in a report on Monday, May 1st. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Alphabet in a report on Wednesday, June 28th. Canaccord Genuity cut Alphabet from a “buy” rating to a “hold” rating and set a $1,000.00 target price on the stock. in a report on Thursday, June 15th. They noted that the move was a valuation call. Finally, Credit Suisse Group reiterated an “outperform” rating on shares of Alphabet in a report on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Alphabet has a consensus rating of “Buy” and a consensus price target of $1,030.47.
In other Alphabet news, VP James Grier Campbell sold 183 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $968.95, for a total transaction of $177,317.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $926.79, for a total value of $3,707,160.00. Following the sale, the chief executive officer now owns 1,389 shares of the company’s stock, valued at $1,287,311.31. The disclosure for this sale can be found here. Insiders sold a total of 47,169 shares of company stock valued at $44,206,482 in the last ninety days. 13.92% of the stock is currently owned by insiders.
Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.
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