Alphabet Inc (GOOG) Stake Lifted by Empirical Financial Services LLC

Empirical Financial Services LLC lifted its holdings in Alphabet Inc (NASDAQ:GOOG) by 14.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 523 shares of the information services provider’s stock after purchasing an additional 68 shares during the quarter. Empirical Financial Services LLC’s holdings in Alphabet were worth $475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the company. Burt Wealth Advisors increased its position in Alphabet by 17.2% during the second quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock valued at $123,000 after acquiring an additional 20 shares during the last quarter. Farmers National Bank increased its position in Alphabet by 15.0% during the first quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock valued at $134,000 after acquiring an additional 21 shares during the last quarter. St. Johns Investment Management Company LLC increased its position in Alphabet by 1,046.7% during the second quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock valued at $156,000 after acquiring an additional 157 shares during the last quarter. Catamount Wealth Management increased its position in Alphabet by 5.8% during the second quarter. Catamount Wealth Management now owns 182 shares of the information services provider’s stock valued at $165,000 after acquiring an additional 10 shares during the last quarter. Finally, Baker Boyer National Bank purchased a new stake in Alphabet during the second quarter valued at $200,000. Hedge funds and other institutional investors own 34.74% of the company’s stock.

In other news, Director L John Doerr sold 12,236 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $1,021.57, for a total value of $12,499,930.52. Following the completion of the transaction, the director now owns 3,485 shares of the company’s stock, valued at $3,560,171.45. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP James Grier Campbell sold 183 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $959.26, for a total value of $175,544.58. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,396 shares of company stock valued at $38,242,981. Corporate insiders own 13.92% of the company’s stock.

A number of analysts recently commented on the company. Vetr upgraded Alphabet from a “hold” rating to a “buy” rating and set a $1,084.59 price objective for the company in a research report on Wednesday, November 29th. UBS reiterated a “buy” rating on shares of Alphabet in a research report on Monday, November 27th. Oppenheimer reiterated an “outperform” rating on shares of Alphabet in a research report on Friday, October 27th. Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Finally, Macquarie reiterated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirty-nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $1,047.96.

Alphabet Inc (NASDAQ:GOOG) opened at $1,018.38 on Thursday. The firm has a market capitalization of $693,883.88, a PE ratio of 33.43 and a beta of 0.93. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. Alphabet Inc has a one year low of $755.80 and a one year high of $1,062.38.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, topping analysts’ consensus estimates of $8.31 by $1.26. The firm had revenue of $27.77 billion during the quarter, compared to analyst estimates of $27.17 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The business’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $9.06 earnings per share.

ILLEGAL ACTIVITY WARNING: “Alphabet Inc (GOOG) Stake Lifted by Empirical Financial Services LLC” was first posted by Stock Observer and is the sole property of of Stock Observer. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.thestockobserver.com/2017/12/07/alphabet-inc-goog-stake-lifted-by-empirical-financial-services-llc.html.

About Alphabet

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Receive News & Ratings for Alphabet Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply