Buffington Mohr McNeal Has $2.47 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)


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Buffington Mohr McNeal cut its holdings in Alphabet Inc. (NASDAQ:GOOG) by 0.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,192 shares of the information services provider’s stock after selling 10 shares during the quarter. Buffington Mohr McNeal’s holdings in Alphabet were worth $2,466,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Captrust Financial Advisors lifted its stake in shares of Alphabet by 6.5% in the fourth quarter. Captrust Financial Advisors now owns 14,964 shares of the information services provider’s stock worth $26,215,000 after buying an additional 912 shares during the last quarter. First National Bank of Hutchinson acquired a new stake in shares of Alphabet in the fourth quarter worth $2,214,000. Reby Advisors LLC acquired a new stake in shares of Alphabet in the fourth quarter worth $238,000. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Alphabet by 5,763.0% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 49,660 shares of the information services provider’s stock worth $86,998,000 after buying an additional 48,813 shares during the last quarter. Finally, Pine Ridge Advisers LLC acquired a new stake in shares of Alphabet in the fourth quarter worth $5,433,000. Hedge funds and other institutional investors own 31.94% of the company’s stock.

Shares of Alphabet stock opened at $2,297.76 on Friday. The firm has a market capitalization of $1.55 trillion, a PE ratio of 44.40, a price-to-earnings-growth ratio of 1.66 and a beta of 0.98. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.41 and a quick ratio of 3.39. The company’s fifty day moving average price is $2,109.29 and its two-hundred day moving average price is $1,857.23. Alphabet Inc. has a 52-week low of $1,209.71 and a 52-week high of $2,306.60.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Monday, February 1st. The information services provider reported $22.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $15.91 by $6.39. The firm had revenue of $56.90 billion for the quarter, compared to analyst estimates of $52.86 billion. Alphabet had a net margin of 20.80% and a return on equity of 17.31%. The business’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $15.35 EPS. Analysts predict that Alphabet Inc. will post 52.19 earnings per share for the current fiscal year.

In other news, SVP Philipp Schindler sold 1,385 shares of the company’s stock in a transaction dated Monday, February 1st. The shares were sold at an average price of $1,852.09, for a total value of $2,565,144.65. Following the sale, the senior vice president now owns 18,712 shares of the company’s stock, valued at approximately $34,656,308.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Amie Thuener O’toole sold 30 shares of the company’s stock in a transaction dated Monday, April 5th. The stock was sold at an average price of $2,152.94, for a total transaction of $64,588.20. Following the completion of the sale, the chief accounting officer now directly owns 966 shares in the company, valued at approximately $2,079,740.04. The disclosure for this sale can be found here. Insiders sold a total of 17,104 shares of company stock worth $35,725,438 in the last three months. Insiders own 12.99% of the company’s stock.

A number of brokerages have recently weighed in on GOOG. Citigroup restated a “buy” rating on shares of Alphabet in a research note on Friday, February 12th. Raymond James boosted their target price on shares of Alphabet from $1,800.00 to $2,440.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 3rd. They noted that the move was a valuation call. Mizuho boosted their target price on shares of Alphabet from $2,100.00 to $2,350.00 and gave the stock a “buy” rating in a research report on Wednesday, February 3rd. Wolfe Research assumed coverage on shares of Alphabet in a research report on Wednesday, March 31st. They set an “outperform” rating and a $2,450.00 target price on the stock. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $2,390.00 target price (up previously from $2,050.00) on shares of Alphabet in a research report on Wednesday, February 3rd. Two research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $2,280.05.

Alphabet Company Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. The company offers performance and brand advertising services. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, such as ads, Android, Chrome, hardware, Google Maps, Google Play, Search, and YouTube, as well as technical infrastructure; and digital content.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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