Savant Capital LLC boosted its stake in Alphabet Inc (NASDAQ:GOOG) by 14.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,841 shares of the information services provider’s stock after acquiring an additional 234 shares during the quarter. Savant Capital LLC’s holdings in Alphabet were worth $2,141,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of GOOG. State Street Corp lifted its position in Alphabet by 0.7% during the 3rd quarter. State Street Corp now owns 11,764,670 shares of the information services provider’s stock worth $14,341,133,000 after buying an additional 81,768 shares in the last quarter. Lenox Wealth Advisors LLC lifted its position in Alphabet by 3.3% during the 4th quarter. Lenox Wealth Advisors LLC now owns 634 shares of the information services provider’s stock worth $848,000 after buying an additional 20 shares in the last quarter. Rockland Trust Co. lifted its position in Alphabet by 2.8% during the 4th quarter. Rockland Trust Co. now owns 1,630 shares of the information services provider’s stock worth $2,180,000 after buying an additional 45 shares in the last quarter. Spence Asset Management lifted its position in Alphabet by 0.3% during the 4th quarter. Spence Asset Management now owns 10,468 shares of the information services provider’s stock worth $13,996,000 after buying an additional 33 shares in the last quarter. Finally, Simon Quick Advisors LLC lifted its position in Alphabet by 6.6% during the 4th quarter. Simon Quick Advisors LLC now owns 467 shares of the information services provider’s stock worth $624,000 after buying an additional 29 shares in the last quarter. 33.53% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ GOOG traded down $9.95 on Monday, reaching $1,310.66. 747,246 shares of the stock were exchanged, compared to its average volume of 2,089,346. Alphabet Inc has a one year low of $1,013.54 and a one year high of $1,532.11. The firm has a market capitalization of $907.64 billion, a PE ratio of 26.43, a PEG ratio of 1.97 and a beta of 1.06. The company’s 50-day simple moving average is $1,189.64 and its two-hundred day simple moving average is $1,320.25. The company has a current ratio of 3.66, a quick ratio of 3.64 and a debt-to-equity ratio of 0.08.
Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Tuesday, April 28th. The information services provider reported $9.87 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $40.29 billion. During the same period last year, the business earned $9.50 earnings per share. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. Sell-side analysts forecast that Alphabet Inc will post 41.61 earnings per share for the current fiscal year.
GOOG has been the topic of a number of research analyst reports. Nomura Securities upped their target price on shares of Alphabet from $1,560.00 to $1,680.00 in a report on Tuesday, February 4th. Zacks Investment Research lowered shares of Alphabet from a “hold” rating to a “sell” rating in a research note on Thursday. JPMorgan Chase & Co. upped their price target on shares of Alphabet from $1,340.00 to $1,505.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Oppenheimer decreased their target price on shares of Alphabet from $1,465.00 to $1,445.00 and set an “outperform” rating on the stock in a research report on Friday, April 17th. Finally, Citigroup upped their price target on shares of Alphabet from $1,500.00 to $1,700.00 and gave the stock a “positive” rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $1,576.95.
In related news, Director Ann Mather sold 31 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $1,352.66, for a total value of $41,932.46. Following the completion of the transaction, the director now directly owns 1,119 shares of the company’s stock, valued at $1,513,626.54. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John L. Hennessy sold 45 shares of the firm’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $1,151.24, for a total transaction of $51,805.80. Following the completion of the transaction, the director now directly owns 32 shares of the company’s stock, valued at $36,839.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,820,403 shares of company stock valued at $119,179,685. Insiders own 12.99% of the company’s stock.
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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