Emerald Advisers Inc. PA Has $523,000 Stake in Alphabet Inc. (GOOG)
Emerald Advisers Inc. PA held its position in shares of Alphabet Inc. (NASDAQ:GOOG) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 575 shares of the information services provider’s stock at the end of the second quarter. Emerald Advisers Inc. PA’s holdings in Alphabet were worth $523,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of GOOG. Riggs Asset Managment Co. Inc. grew its holdings 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 worth $128,000 after acquiring an additional 40 shares during the period. Farmers National Bank grew its holdings in shares of Alphabet by 15.0% in the first quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock worth $134,000 after acquiring an additional 21 shares during the period. St. Johns Investment Management Company LLC grew its holdings in shares of Alphabet by 1,046.7% in the second quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock worth $156,000 after acquiring an additional 157 shares during the period. Cribstone Capital Management LLC grew its holdings in shares of Alphabet by 5.7% in the second quarter. Cribstone Capital Management LLC now owns 184 shares of the information services provider’s stock worth $167,000 after acquiring an additional 10 shares during the period. Finally, Baker Boyer National Bank bought a new stake in shares of Alphabet in the second quarter worth $200,000. Hedge funds and other institutional investors own 34.52% of the company’s stock.
In other Alphabet news, Director Shirley M. Tilghman sold 525 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $938.09, for a total value of $492,497.25. Following the sale, the director now owns 5,517 shares of the company’s stock, valued at $5,175,442.53. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $969.92, for a total value of $3,879,680.00. Following the completion of the sale, the chief executive officer now directly owns 1,536 shares in the company, valued at approximately $1,489,797.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,694 shares of company stock worth $38,042,264. Corporate insiders own 13.92% of the company’s stock.
Several brokerages recently commented on GOOG. Pivotal Research lifted their price objective on Alphabet from $940.00 to $970.00 and gave the stock a “hold” rating in a report on Thursday, October 12th. Macquarie reaffirmed an “outperform” rating and issued a $995.00 price objective on shares of Alphabet in a report on Friday, October 6th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, October 6th. Vetr lowered Alphabet from a “buy” rating to a “hold” rating and set a $988.73 price objective for the company. in a report on Monday, October 2nd. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, September 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-nine have assigned a buy rating to the company. Alphabet has an average rating of “Buy” and a consensus target price of $1,034.07.
Shares of Alphabet Inc. (GOOG) opened at 992.00 on Tuesday. The stock has a market capitalization of $687.34 billion, a P/E ratio of 35.95 and a beta of 0.94. Alphabet Inc. has a one year low of $727.54 and a one year high of $997.21. The stock has a 50 day moving average price of $942.88 and a 200 day moving average price of $925.82.
Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.43 by $0.58. The firm had revenue of $26.01 billion for the quarter, compared to analyst estimates of $25.61 billion. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The business’s revenue for the quarter was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $8.42 EPS. Equities analysts forecast that Alphabet Inc. will post $30.62 earnings per share for the current year.
Alphabet Company Profile
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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