Bingham Osborn & Scarborough LLC Has $1.43 Million Stake in Alphabet Inc. (NASDAQ:GOOG)

Bingham Osborn & Scarborough LLC decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 692 shares of the information services provider’s stock after selling 7 shares during the quarter. Bingham Osborn & Scarborough LLC’s holdings in Alphabet were worth $1,431,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Resolute Partners Group acquired a new position in Alphabet during the fourth quarter valued at approximately $26,000. Mascoma Wealth Management LLC acquired a new position in Alphabet during the first quarter valued at approximately $27,000. Better Money Decisions LLC acquired a new position in Alphabet during the first quarter valued at approximately $27,000. Brand Asset Management Group Inc. grew its holdings in Alphabet by 200.0% during the first quarter. Brand Asset Management Group Inc. now owns 15 shares of the information services provider’s stock valued at $31,000 after purchasing an additional 10 shares during the period. Finally, ADE LLC acquired a new position in Alphabet during the fourth quarter valued at approximately $32,000. Institutional investors own 31.94% of the company’s stock.

In other Alphabet news, SVP Philipp Schindler sold 1,385 shares of the company’s stock in a transaction on Monday, March 1st. The shares were sold at an average price of $2,056.52, for a total value of $2,848,280.20. Following the transaction, the senior vice president now directly owns 1,200 shares in the company, valued at $2,467,824. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP John Kent Walker sold 2,570 shares of the company’s stock in a transaction on Monday, March 29th. The shares were sold at an average price of $2,037.34, for a total transaction of $5,235,963.80. Following the completion of the transaction, the senior vice president now owns 26,707 shares in the company, valued at $54,411,239.38. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,036 shares of company stock worth $91,551,013. 12.99% of the stock is owned by corporate insiders.

A number of research analysts recently issued reports on the stock. Raymond James boosted their price objective on shares of Alphabet from $2,440.00 to $2,750.00 and gave the company an “outperform” rating in a report on Tuesday, May 4th. Cowen lifted their price target on shares of Alphabet from $2,600.00 to $2,700.00 and gave the company an “outperform” rating in a research note on Wednesday, April 28th. UBS Group reaffirmed a “buy” rating on shares of Alphabet in a research note on Wednesday, April 28th. Wedbush began coverage on shares of Alphabet in a research note on Wednesday, April 14th. They issued an “outperform” rating and a $2,953.00 price target on the stock. Finally, Piper Sandler lifted their price target on shares of Alphabet from $2,250.00 to $2,635.00 and gave the company an “overweight” rating in a research note on Tuesday, May 4th. Three equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $2,495.63.

Shares of GOOG opened at $2,316.16 on Friday. The company has a market cap of $1.55 trillion, a price-to-earnings ratio of 44.76, a PEG ratio of 1.66 and a beta of 0.98. Alphabet Inc. has a 1-year low of $1,339.00 and a 1-year high of $2,452.38. The company’s fifty day simple moving average is $2,265.68 and its 200 day simple moving average is $1,969.58. The company has a current ratio of 3.41, a quick ratio of 3.39 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Monday, April 26th. The information services provider reported $26.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $15.74 by $10.55. The business had revenue of $55.30 billion for the quarter, compared to the consensus estimate of $51.40 billion. Alphabet had a net margin of 20.80% and a return on equity of 17.31%. The firm’s revenue for the quarter was up 34.4% on a year-over-year basis. During the same period in the previous year, the company earned $9.87 earnings per share. As a group, research analysts forecast that Alphabet Inc. will post 52.19 earnings per share for the current year.

Alphabet Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. The company offers performance and brand advertising services. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, such as ads, Android, Chrome, hardware, Google Maps, Google Play, Search, and YouTube, as well as technical infrastructure; and digital content.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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