Ferguson Wellman Capital Management Inc. Has $9.86 Million Holdings in Alphabet Inc. (NASDAQ:GOOG)

Ferguson Wellman Capital Management Inc. lessened its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 81,473 shares of the information services provider’s stock after selling 1,193 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Alphabet were worth $9,856,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Mark Sheptoff Financial Planning LLC grew its holdings in shares of Alphabet by 142.9% during the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 340 shares of the information services provider’s stock worth $35,000 after purchasing an additional 200 shares in the last quarter. Milestone Wealth LLC grew its holdings in shares of Alphabet by 1,900.0% during the 3rd quarter. Milestone Wealth LLC now owns 380 shares of the information services provider’s stock worth $37,000 after purchasing an additional 361 shares in the last quarter. Bbjs Financial Advisors LLC acquired a new stake in shares of Alphabet during the 4th quarter worth approximately $48,000. GW&K Investment Management LLC acquired a new stake in Alphabet in the 1st quarter valued at $50,000. Finally, Schubert & Co boosted its stake in Alphabet by 54.7% in the 1st quarter. Schubert & Co now owns 498 shares of the information services provider’s stock valued at $52,000 after buying an additional 176 shares in the last quarter. Institutional investors and hedge funds own 27.13% of the company’s stock.

Alphabet Trading Up 0.5 %

GOOG stock opened at $138.96 on Tuesday. The company has a market cap of $1.75 trillion, a P/E ratio of 29.44, a PEG ratio of 1.59 and a beta of 1.06. Alphabet Inc. has a twelve month low of $83.45 and a twelve month high of $139.93. The company has a quick ratio of 2.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.05. The business has a fifty day moving average of $130.22 and a 200-day moving average of $118.50.

Alphabet (NASDAQ:GOOG) last released its earnings results on Tuesday, July 25th. The information services provider reported $1.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.12. The company had revenue of $74.60 billion during the quarter, compared to the consensus estimate of $72.85 billion. Alphabet had a return on equity of 23.49% and a net margin of 21.05%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.21 earnings per share. As a group, equities research analysts expect that Alphabet Inc. will post 5.68 EPS for the current year.

Insider Transactions at Alphabet

In other news, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $137.30, for a total transaction of $27,460.00. Following the completion of the sale, the director now owns 7,584 shares in the company, valued at $1,041,283.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction on Monday, September 11th. The stock was sold at an average price of $137.30, for a total transaction of $27,460.00. Following the completion of the sale, the director now directly owns 7,584 shares of the company’s stock, valued at $1,041,283.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider John Kent Walker sold 42,900 shares of Alphabet stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $136.51, for a total value of $5,856,279.00. Following the sale, the insider now directly owns 10,383 shares of the company’s stock, valued at $1,417,383.33. The disclosure for this sale can be found here. Insiders sold a total of 96,092 shares of company stock worth $12,221,941 over the last 90 days. 12.99% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on GOOG. Oppenheimer boosted their price target on Alphabet from $145.00 to $160.00 in a research note on Wednesday, July 26th. Wedbush began coverage on Alphabet in a research note on Monday, August 21st. They issued an “outperform” rating on the stock. Robert W. Baird boosted their price target on Alphabet from $123.00 to $140.00 in a research note on Wednesday, July 26th. Finally, Susquehanna boosted their price target on Alphabet from $120.00 to $150.00 in a research note on Wednesday, July 26th. Thirteen research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Alphabet presently has a consensus rating of “Buy” and an average price target of $130.94.

Alphabet Profile

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.