Tatro Capital LLC acquired a new stake in shares of Alphabet Inc (NASDAQ:GOOG) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 249 shares of the information services provider’s stock, valued at approximately $352,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ameraudi Asset Management Inc. acquired a new position in shares of Alphabet in the fourth quarter valued at approximately $207,000. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Alphabet by 1,050.5% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,185 shares of the information services provider’s stock worth $1,584,000 after purchasing an additional 1,082 shares during the last quarter. Brooktree Capital Management acquired a new position in Alphabet during the fourth quarter worth $59,000. Mackenzie Financial Corp boosted its holdings in Alphabet by 314.1% during the first quarter. Mackenzie Financial Corp now owns 39,509 shares of the information services provider’s stock worth $45,941,000 after purchasing an additional 29,967 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in Alphabet by 34.0% during the first quarter. Oregon Public Employees Retirement Fund now owns 65,569 shares of the information services provider’s stock worth $76,244,000 after purchasing an additional 16,640 shares during the last quarter. Hedge funds and other institutional investors own 33.00% of the company’s stock.
Several equities analysts have recently weighed in on the stock. Jefferies Financial Group reissued a “buy” rating on shares of Alphabet in a research report on Tuesday, April 28th. Credit Suisse Group dropped their price objective on shares of Alphabet from $1,700.00 to $1,500.00 and set an “outperform” rating on the stock in a research report on Monday, April 20th. Deutsche Bank reissued a “buy” rating and issued a $1,700.00 price objective on shares of Alphabet in a research report on Tuesday, May 5th. BMO Capital Markets upgraded shares of Alphabet from a “market perform” rating to an “outperform” rating in a research note on Monday, March 30th. Finally, Oppenheimer decreased their price target on shares of Alphabet from $1,465.00 to $1,445.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $1,580.52.
In other news, Director John L. Hennessy sold 60 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $1,363.61, for a total value of $81,816.60. Following the sale, the director now directly owns 592 shares in the company, valued at approximately $807,257.12. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ann Mather sold 32 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $1,418.39, for a total transaction of $45,388.48. Following the completion of the sale, the director now owns 1,119 shares in the company, valued at $1,587,178.41. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 242 shares of company stock worth $342,902. 12.99% of the stock is currently owned by corporate insiders.
Alphabet stock traded up $18.26 during trading hours on Thursday, reaching $1,514.26. 271,334 shares of the stock were exchanged, compared to its average volume of 1,785,144. The stock has a 50 day moving average of $1,428.20 and a two-hundred day moving average of $1,358.65. Alphabet Inc has a twelve month low of $1,013.54 and a twelve month high of $1,532.11. The company has a current ratio of 3.66, a quick ratio of 3.64 and a debt-to-equity ratio of 0.08. The company has a market cap of $1,013.81 billion, a P/E ratio of 30.19, a price-to-earnings-growth ratio of 2.24 and a beta of 1.05.
Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Tuesday, April 28th. The information services provider reported $9.87 earnings per share for the quarter, missing analysts’ consensus estimates of $11.27 by ($1.40). Alphabet had a net margin of 20.71% and a return on equity of 17.43%. The company had revenue of $41.16 billion during the quarter, compared to analyst estimates of $40.29 billion. During the same quarter in the previous year, the business posted $9.50 earnings per share. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, analysts expect that Alphabet Inc will post 41.23 earnings per share for the current fiscal year.
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. 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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