Integrated Investment Consultants LLC lifted its stake in Alphabet Inc (NASDAQ:GOOG) by 12.6% in the 4th quarter, Holdings Channel reports. The firm owned 599 shares of the information services provider’s stock after buying an additional 67 shares during the quarter. Integrated Investment Consultants LLC’s holdings in Alphabet were worth $621,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Ayalon Holdings Ltd. bought a new stake in Alphabet in the 4th quarter worth about $32,000. First PREMIER Bank increased its holdings in Alphabet by 80.0% in the 4th quarter. First PREMIER Bank now owns 36 shares of the information services provider’s stock worth $38,000 after buying an additional 16 shares in the last quarter. CX Institutional increased its holdings in Alphabet by 471.4% in the 4th quarter. CX Institutional now owns 40 shares of the information services provider’s stock worth $41,000 after buying an additional 33 shares in the last quarter. Bogart Wealth LLC increased its holdings in Alphabet by 440.0% in the 4th quarter. Bogart Wealth LLC now owns 54 shares of the information services provider’s stock worth $55,000 after buying an additional 44 shares in the last quarter. Finally, Norway Savings Bank increased its holdings in Alphabet by 28.6% in the 4th quarter. Norway Savings Bank now owns 90 shares of the information services provider’s stock worth $93,000 after buying an additional 20 shares in the last quarter. 34.36% of the stock is owned by hedge funds and other institutional investors.
NASDAQ GOOG opened at $1,162.38 on Friday. The company has a market cap of $808.07 billion, a PE ratio of 24.47, a P/E/G ratio of 1.39 and a beta of 1.03. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.93 and a current ratio of 3.96. Alphabet Inc has a fifty-two week low of $970.11 and a fifty-two week high of $1,289.27.
Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Monday, April 29th. The information services provider reported $11.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.51 by $1.39. Alphabet had a return on equity of 20.06% and a net margin of 19.71%. The business had revenue of $36.34 billion for the quarter, compared to the consensus estimate of $37.36 billion. During the same quarter in the prior year, the company earned $9.93 EPS. The business’s revenue was up 16.7% compared to the same quarter last year. On average, equities analysts expect that Alphabet Inc will post 48.57 earnings per share for the current year.
Several equities research analysts recently commented on the company. Royal Bank of Canada reiterated a “buy” rating on shares of Alphabet in a report on Friday, February 1st. Zacks Investment Research upgraded Alphabet from a “hold” rating to a “buy” rating and set a $1,399.00 price objective for the company in a report on Wednesday, April 24th. Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a report on Tuesday, February 12th. Credit Suisse Group reiterated a “buy” rating on shares of Alphabet in a report on Tuesday, April 30th. Finally, Deutsche Bank reduced their price objective on Alphabet from $1,350.00 to $1,300.00 and set a “buy” rating for the company in a report on Wednesday, January 23rd. Four research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $1,354.36.
In other news, Director John L. Hennessy sold 375 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $1,200.00, for a total transaction of $450,000.00. Following the transaction, the director now owns 80 shares of the company’s stock, valued at approximately $96,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Amie Thuener O’toole sold 73 shares of the stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $1,167.74, for a total value of $85,245.02. Following the transaction, the vice president now directly owns 388 shares in the company, valued at approximately $453,083.12. The disclosure for this sale can be found here. Insiders have sold a total of 817 shares of company stock worth $974,730 in the last three months. Corporate insiders own 13.11% of the company’s stock.
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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