Zevin Asset Management LLC lifted its position in Alphabet Inc (NASDAQ:GOOG) by 0.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 9,171 shares of the information services provider’s stock after buying an additional 55 shares during the quarter. Alphabet makes up about 3.6% of Zevin Asset Management LLC’s holdings, making the stock its 7th largest holding. Zevin Asset Management LLC’s holdings in Alphabet were worth $11,179,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in GOOG. Orrstown Financial Services Inc. acquired a new stake in shares of Alphabet during the third quarter worth approximately $26,000. 1 North Wealth Services LLC acquired a new stake in shares of Alphabet during the third quarter worth approximately $40,000. HMS Capital Management LLC acquired a new stake in shares of Alphabet during the second quarter worth approximately $38,000. Vista Private Wealth Partners. LLC acquired a new stake in shares of Alphabet during the third quarter worth approximately $46,000. Finally, First PREMIER Bank boosted its holdings in shares of Alphabet by 44.4% during the third quarter. First PREMIER Bank now owns 52 shares of the information services provider’s stock worth $63,000 after purchasing an additional 16 shares during the period. 33.78% of the stock is currently owned by institutional investors and hedge funds.
In other news, CAO Amie Thuener O’toole sold 54 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $1,191.53, for a total value of $64,342.62. Following the sale, the chief accounting officer now owns 388 shares in the company, valued at approximately $462,313.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John L. Hennessy sold 75 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $1,200.00, for a total transaction of $90,000.00. Following the completion of the sale, the director now owns 310 shares in the company, valued at approximately $372,000. The disclosure for this sale can be found here. Insiders sold a total of 32,043 shares of company stock worth $40,364,988 in the last 90 days. 12.99% of the stock is owned by corporate insiders.
Shares of NASDAQ:GOOG traded up $2.51 during trading on Friday, reaching $1,311.37. The stock had a trading volume of 1,251,300 shares, compared to its average volume of 1,446,592. The firm has a market capitalization of $895.89 billion, a price-to-earnings ratio of 27.60, a P/E/G ratio of 1.58 and a beta of 1.00. The company has a quick ratio of 3.75, a current ratio of 3.78 and a debt-to-equity ratio of 0.07. The stock has a fifty day simple moving average of $1,241.41 and a two-hundred day simple moving average of $1,179.65. Alphabet Inc has a 52 week low of $970.11 and a 52 week high of $1,323.74.
Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Monday, October 28th. The information services provider reported $10.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $12.57 by ($2.45). The business had revenue of $40.50 billion during the quarter, compared to the consensus estimate of $40.17 billion. Alphabet had a net margin of 21.04% and a return on equity of 18.34%. The company’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same period last year, the firm earned $13.06 EPS. On average, analysts forecast that Alphabet Inc will post 49.05 EPS for the current year.
A number of analysts have issued reports on the stock. UBS Group reiterated a “buy” rating on shares of Alphabet in a research note on Monday, November 4th. Raymond James lifted their target price on shares of Alphabet from $1,360.00 to $1,475.00 and gave the company an “outperform” rating in a research note on Tuesday, October 29th. Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a research note on Monday, October 28th. Benchmark reiterated a “buy” rating and issued a $1,360.00 target price (up from $1,315.00) on shares of Alphabet in a research note on Friday, July 26th. Finally, Wedbush lifted their target price on shares of Alphabet from $1,350.00 to $1,500.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $1,460.27.
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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