Roof Eidam & Maycock ADV Cuts Stock Position in Alphabet Inc (NASDAQ:GOOG)

Roof Eidam & Maycock ADV decreased its position in shares of Alphabet Inc (NASDAQ:GOOG) by 0.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,607 shares of the information services provider’s stock after selling 10 shares during the period. Alphabet makes up about 0.8% of Roof Eidam & Maycock ADV’s investment portfolio, making the stock its 25th biggest position. Roof Eidam & Maycock ADV’s holdings in Alphabet were worth $2,149,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Schroder Investment Management Group boosted its stake in Alphabet by 7.8% during the 2nd quarter. Schroder Investment Management Group now owns 203,440 shares of the information services provider’s stock valued at $219,900,000 after purchasing an additional 14,714 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its stake in Alphabet by 24.1% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 670 shares of the information services provider’s stock valued at $817,000 after purchasing an additional 130 shares during the period. CNB Bank boosted its stake in Alphabet by 9.8% during the 3rd quarter. CNB Bank now owns 1,136 shares of the information services provider’s stock valued at $1,385,000 after purchasing an additional 101 shares during the period. NewSquare Capital LLC boosted its stake in Alphabet by 113.6% during the 4th quarter. NewSquare Capital LLC now owns 47 shares of the information services provider’s stock valued at $63,000 after purchasing an additional 25 shares during the period. Finally, Man Group plc boosted its stake in Alphabet by 186.6% during the 3rd quarter. Man Group plc now owns 76,905 shares of the information services provider’s stock valued at $93,747,000 after purchasing an additional 50,073 shares during the period. 33.79% of the stock is currently owned by hedge funds and other institutional investors.

In related news, major shareholder Capitalg Lp sold 2,085,172 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $52.59, for a total value of $109,659,195.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ann Mather sold 654 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $1,400.04, for a total transaction of $915,626.16. Following the completion of the sale, the director now owns 1,119 shares in the company, valued at $1,566,644.76. The disclosure for this sale can be found here. Insiders sold a total of 3,344,673 shares of company stock worth $316,380,721 over the last quarter. Insiders own 12.99% of the company’s stock.

Shares of NASDAQ GOOG traded up $14.51 during midday trading on Friday, reaching $1,466.21. The company’s stock had a trading volume of 783,364 shares, compared to its average volume of 1,487,129. The company has a current ratio of 3.78, a quick ratio of 3.75 and a debt-to-equity ratio of 0.07. The company has a 50 day moving average price of $1,359.21 and a 200 day moving average price of $1,249.78. Alphabet Inc has a one year low of $1,025.00 and a one year high of $1,451.99. The company has a market cap of $986.86 billion, a price-to-earnings ratio of 30.86, a price-to-earnings-growth ratio of 1.57 and a beta of 1.01.

Alphabet (NASDAQ:GOOG) last released its earnings results on Monday, October 28th. The information services provider reported $10.12 EPS for the quarter, missing analysts’ consensus estimates of $12.57 by ($2.45). Alphabet had a return on equity of 18.34% and a net margin of 21.04%. The business had revenue of $40.50 billion during the quarter, compared to the consensus estimate of $40.17 billion. During the same quarter in the previous year, the firm earned $13.06 earnings per share. The firm’s revenue for the quarter was up 20.0% compared to the same quarter last year. Research analysts anticipate that Alphabet Inc will post 49.03 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on the stock. ValuEngine lowered shares of Alphabet from a “hold” rating to a “sell” rating in a research note on Tuesday. Cleveland Research reaffirmed a “neutral” rating on shares of Alphabet in a research note on Friday, December 20th. Barclays reaffirmed a “buy” rating on shares of Alphabet in a research note on Tuesday, October 29th. Piper Jaffray Companies assumed coverage on shares of Alphabet in a research note on Tuesday, December 3rd. They issued an “overweight” rating and a $1,500.00 price target for the company. Finally, Deutsche Bank reduced their price target on shares of Alphabet from $1,600.00 to $1,550.00 and set a “buy” rating for the company in a research note on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. Alphabet currently has a consensus rating of “Buy” and an average target price of $1,499.88.

Alphabet Profile

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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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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