Alphabet Inc. (GOOG) Position Lifted by Carroll Financial Associates Inc.
Carroll Financial Associates Inc. lifted its stake in Alphabet Inc. (NASDAQ:GOOG) by 0.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 880 shares of the information services provider’s stock after buying an additional 8 shares during the period. Carroll Financial Associates Inc.’s holdings in Alphabet were worth $799,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Riggs Asset Managment Co. Inc. lifted its stake in shares of Alphabet by 39.6% in the second quarter. Riggs Asset Managment Co. Inc. now owns 141 shares of the information services provider’s stock valued at $128,000 after purchasing an additional 40 shares during the period. Farmers National Bank increased 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 acquiring an additional 21 shares in the last quarter. St. Johns Investment Management Company LLC increased 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 acquiring an additional 157 shares in the last quarter. Cribstone Capital Management LLC increased its holdings in Alphabet by 5.7% during the 2nd quarter. Cribstone Capital Management LLC now owns 184 shares of the information services provider’s stock valued at $167,000 after acquiring an additional 10 shares in the last quarter. Finally, Feltz Wealth PLAN Inc. purchased a new position in Alphabet during the 1st quarter valued at about $170,000. 34.55% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have weighed in on the stock. Piper Jaffray Companies restated an “overweight” rating and set a $1,050.00 target price on shares of Alphabet in a report on Wednesday, August 9th. Moffett Nathanson restated a “buy” rating on shares of Alphabet in a report on Friday, June 9th. Royal Bank Of Canada restated an “outperform” rating and issued a $1,050.00 target price on shares of Alphabet in a report on Monday. MKM Partners restated a “buy” rating and issued a $1,210.00 target price (up from $1,170.00) on shares of Alphabet in a report on Thursday, August 10th. Finally, BidaskClub cut shares of Alphabet from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and forty-one have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $1,031.14.
In other news, Director Ann Mather sold 37 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $940.67, for a total value of $34,804.79. Following the completion of the sale, the director now directly owns 1,789 shares in the company, valued at approximately $1,682,858.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David C. Drummond sold 1,496 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $939.76, for a total value of $1,405,880.96. Following the completion of the sale, the senior vice president now owns 52 shares of the company’s stock, valued at $48,867.52. The disclosure for this sale can be found here. Insiders have sold a total of 46,680 shares of company stock worth $43,521,363 over the last three months. Insiders own 13.92% of the company’s stock.
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Alphabet Inc. (GOOG) traded down 0.50% on Friday, hitting $920.52. The stock had a trading volume of 1,222,810 shares. The company has a market cap of $637.81 billion, a P/E ratio of 33.36 and a beta of 0.94. The stock has a 50 day moving average price of $925.43 and a 200 day moving average price of $906.88. Alphabet Inc. has a 1-year low of $727.54 and a 1-year high of $988.25.
Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.43 by $0.58. The business had revenue of $26.01 billion for 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 firm’s quarterly revenue was up 21.0% on a year-over-year basis. During the same period in the prior year, the firm posted $8.42 EPS. On average, equities research analysts expect that Alphabet Inc. will post $30.59 EPS for the current fiscal year.
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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