Alphabet Inc. (GOOG) Position Increased by Tuttle Tactical Management LLC
Tuttle Tactical Management LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 117.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,216 shares of the information services provider’s stock after purchasing an additional 658 shares during the quarter. Alphabet comprises 0.9% of Tuttle Tactical Management LLC’s portfolio, making the stock its 20th biggest holding. Tuttle Tactical Management LLC’s holdings in Alphabet were worth $1,105,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of GOOG. Burt Wealth Advisors raised its stake in Alphabet by 17.2% during the 2nd quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock valued at $123,000 after purchasing an additional 20 shares during the period. Farmers National Bank grew its holdings in Alphabet by 15.0% during the 1st quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock valued at $134,000 after buying an additional 21 shares in the last quarter. St. Johns Investment Management Company LLC grew its holdings in Alphabet by 1,046.7% during the 2nd quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock valued at $156,000 after buying an additional 157 shares in the last quarter. Catamount Wealth Management grew its holdings in Alphabet by 5.8% during the 2nd quarter. Catamount Wealth Management now owns 182 shares of the information services provider’s stock valued at $165,000 after buying an additional 10 shares in the last quarter. Finally, Baker Boyer National Bank purchased a new position in Alphabet during the 2nd quarter valued at approximately $200,000. 34.73% of the stock is currently owned by institutional investors.
Shares of Alphabet Inc. (NASDAQ GOOG) opened at $1,010.17 on Monday. Alphabet Inc. has a one year low of $743.10 and a one year high of $1,062.38. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $701,867.13, a P/E ratio of 33.82 and a beta of 0.94.
Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $8.31 by $1.26. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The firm had revenue of $27.77 billion during the quarter, compared to analyst estimates of $27.17 billion. During the same period last year, the company earned $9.06 EPS. Alphabet’s quarterly revenue was up 23.7% compared to the same quarter last year.
Several equities analysts have weighed in on the company. Vetr upgraded Alphabet from a “hold” rating to a “buy” rating and set a $1,084.59 price target for the company in a report on Wednesday, November 29th. UBS restated a “buy” rating on shares of Alphabet in a report on Monday, November 27th. Oppenheimer restated an “outperform” rating on shares of Alphabet in a report on Friday, October 27th. Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Finally, Macquarie restated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirty-nine have issued a buy rating to the company. Alphabet has an average rating of “Buy” and a consensus target price of $1,047.96.
In related news, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $931.44, for a total transaction of $3,725,760.00. Following the completion of the sale, the chief executive officer now directly owns 1,618 shares of the company’s stock, valued at approximately $1,507,069.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann Mather sold 38 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $959.26, for a total value of $36,451.88. Following the sale, the director now directly owns 1,797 shares of the company’s stock, valued at $1,723,790.22. The disclosure for this sale can be found here. Insiders have sold a total of 38,395 shares of company stock valued at $37,941,725 over the last three months. 13.92% of the stock is owned by corporate 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.
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.