Cabot Wealth Management Inc. Has $7.88 Million Holding in Alphabet Inc (GOOG)

Cabot Wealth Management Inc. Has $7.88 Million Holding in Alphabet Inc (GOOG)

Cabot Wealth Management Inc. increased its position in shares of Alphabet Inc (NASDAQ:GOOG) by 120.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,601 shares of the information services provider’s stock after buying an additional 3,606 shares during the period. Alphabet comprises approximately 1.7% of Cabot Wealth Management Inc.’s holdings, making the stock its 18th biggest holding. Cabot Wealth Management Inc.’s holdings in Alphabet were worth $7,878,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. IMS Capital Management increased its position in shares of Alphabet by 2.9% in the 2nd quarter. IMS Capital Management now owns 1,465 shares of the information services provider’s stock worth $1,634,000 after purchasing an additional 41 shares during the last quarter. Trust Co. of Virginia VA increased its position in shares of Alphabet by 7.2% in the 2nd quarter. Trust Co. of Virginia VA now owns 614 shares of the information services provider’s stock worth $685,000 after purchasing an additional 41 shares during the last quarter. Intl Fcstone Inc. increased its position in shares of Alphabet by 13.8% in the 2nd quarter. Intl Fcstone Inc. now owns 347 shares of the information services provider’s stock worth $387,000 after purchasing an additional 42 shares during the last quarter. Security National Trust Co. increased its position in shares of Alphabet by 1.9% in the 2nd quarter. Security National Trust Co. now owns 2,229 shares of the information services provider’s stock worth $2,487,000 after purchasing an additional 42 shares during the last quarter. Finally, Providence First Trust Co increased its position in shares of Alphabet by 2.7% in the 2nd quarter. Providence First Trust Co now owns 1,581 shares of the information services provider’s stock worth $1,764,000 after purchasing an additional 42 shares during the last quarter. 36.95% of the stock is currently owned by hedge funds and other institutional investors.

Alphabet stock opened at $1,016.06 on Friday. The company has a quick ratio of 4.10, a current ratio of 4.14 and a debt-to-equity ratio of 0.02. The stock has a market cap of $720.66 billion, a price-to-earnings ratio of 23.30 and a beta of 1.07. Alphabet Inc has a 52-week low of $970.11 and a 52-week high of $1,273.89.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, October 25th. The information services provider reported $13.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.41 by $2.65. The firm had revenue of $27.16 billion during the quarter. Alphabet had a net margin of 14.45% and a return on equity of 19.40%.

Several equities research analysts have recently weighed in on GOOG shares. BidaskClub raised shares of Alphabet from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 13th. Barclays reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, October 26th. DZ Bank reaffirmed a “buy” rating on shares of Alphabet in a report on Thursday, October 18th. ValuEngine lowered shares of Alphabet from a “buy” rating to a “hold” rating in a report on Thursday, October 11th. Finally, Macquarie reaffirmed a “buy” rating on shares of Alphabet in a report on Monday, September 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirty have assigned a buy rating to the stock. Alphabet currently has a consensus rating of “Buy” and an average target price of $1,301.81.

In other Alphabet news, VP Amie Thuener O’toole sold 80 shares of the business’s stock in a transaction dated Thursday, January 3rd. The shares were sold at an average price of $1,041.00, for a total transaction of $83,280.00. Following the completion of the transaction, the vice president now directly owns 388 shares of the company’s stock, valued at approximately $403,908. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann Mather sold 194 shares of the business’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $1,120.68, for a total transaction of $217,411.92. Following the transaction, the director now directly owns 1,797 shares of the company’s stock, valued at $2,013,861.96. The disclosure for this sale can be found here. Insiders have sold a total of 89,410 shares of company stock valued at $94,794,342 over the last three months. 13.11% of the stock is currently owned by company insiders.

Alphabet Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

Read More: Understanding Market Liquidity

Related posts

Leave a Comment