Blair William & Co. IL increased its position in shares of Alphabet Inc (NASDAQ:GOOG) by 1.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 231,843 shares of the information services provider’s stock after buying an additional 3,798 shares during the quarter. Alphabet comprises 1.7% of Blair William & Co. IL’s investment portfolio, making the stock its 9th biggest holding. Blair William & Co. IL’s holdings in Alphabet were worth $269,590,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the stock. Lighthouse Financial Advisors Inc. purchased a new position in shares of Alphabet in the 4th quarter valued at approximately $25,000. Cox Capital Mgt LLC acquired a new stake in shares of Alphabet in the 1st quarter valued at approximately $27,000. Wealthcare Capital Management LLC lifted its holdings in shares of Alphabet by 300.0% in the 4th quarter. Wealthcare Capital Management LLC now owns 32 shares of the information services provider’s stock valued at $43,000 after buying an additional 24 shares during the period. Cedar Mountain Advisors LLC acquired a new stake in shares of Alphabet in the 4th quarter valued at approximately $43,000. Finally, HighMark Wealth Management LLC acquired a new stake in shares of Alphabet in the 4th quarter valued at approximately $44,000. Hedge funds and other institutional investors own 33.61% of the company’s stock.
In other Alphabet news, Director John L. Hennessy sold 60 shares of the business’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $1,363.61, for a total transaction of $81,816.60. Following the completion of the sale, the director now owns 592 shares of the company’s stock, valued at $807,257.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John L. Hennessy sold 45 shares of the business’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $1,151.24, for a total value of $51,805.80. Following the sale, the director now directly owns 32 shares of the company’s stock, valued at approximately $36,839.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 325 shares of company stock valued at $409,753. 12.99% of the stock is owned by company insiders.
Shares of NASDAQ:GOOG traded up $7.62 during midday trading on Friday, reaching $1,410.42. The company’s stock had a trading volume of 1,294,475 shares, compared to its average volume of 1,797,878. The business has a 50 day moving average price of $1,284.33 and a 200 day moving average price of $1,331.95. Alphabet Inc has a 1 year low of $1,013.54 and a 1 year high of $1,532.11. The company has a quick ratio of 3.64, a current ratio of 3.66 and a debt-to-equity ratio of 0.08. The firm has a market cap of $957.58 billion, a price-to-earnings ratio of 28.46, a price-to-earnings-growth ratio of 2.10 and a beta of 1.06.
Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Tuesday, April 28th. The information services provider reported $9.87 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $11.27 by ($1.40). Alphabet had a net margin of 20.71% and a return on equity of 17.43%. The firm had revenue of $41.16 billion for the quarter, compared to analysts’ expectations of $40.29 billion. During the same period last year, the firm posted $9.50 EPS. Alphabet’s revenue was up 13.3% on a year-over-year basis. Sell-side analysts anticipate that Alphabet Inc will post 41.47 earnings per share for the current fiscal year.
Several brokerages recently issued reports on GOOG. Citigroup lifted their price objective on Alphabet from $1,500.00 to $1,700.00 and gave the stock a “positive” rating in a report on Friday, February 7th. Wedbush reaffirmed an “outperform” rating and set a $1,625.00 price objective on shares of Alphabet in a report on Tuesday, February 4th. Oppenheimer dropped their price target on Alphabet from $1,465.00 to $1,445.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. DZ Bank reissued a “buy” rating on shares of Alphabet in a research report on Tuesday, February 4th. Finally, Deutsche Bank reissued a “buy” rating and set a $1,700.00 price target on shares of Alphabet in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $1,580.52.
Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.
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