R. G. Niederhoffer Capital Management Inc. Has $1.27 Million Position in Alphabet Inc (GOOG)

R. G. Niederhoffer Capital Management Inc. lifted its position in shares of Alphabet Inc (NASDAQ:GOOG) by 55.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,400 shares of the information services provider’s stock after buying an additional 500 shares during the quarter. Alphabet comprises 10.5% of R. G. Niederhoffer Capital Management Inc.’s holdings, making the stock its 3rd biggest position. R. G. Niederhoffer Capital Management Inc.’s holdings in Alphabet were worth $1,272,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Riggs Asset Managment Co. Inc. raised its stake in Alphabet by 39.6% in the second quarter. Riggs Asset Managment Co. Inc. now owns 141 shares of the information services provider’s stock valued at $128,000 after purchasing an additional 40 shares in the last quarter. Farmers National Bank raised its stake in Alphabet by 15.0% in the first quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock valued at $134,000 after purchasing an additional 21 shares in the last quarter. St. Johns Investment Management Company LLC grew its position in Alphabet by 1,046.7% in 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 grew its position in Alphabet by 5.8% in 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, Cribstone Capital Management LLC grew its position in Alphabet by 5.7% in the second quarter. Cribstone Capital Management LLC now owns 184 shares of the information services provider’s stock valued at $167,000 after acquiring an additional 10 shares during the last quarter. 34.74% of the stock is owned by institutional investors.

Alphabet Inc (NASDAQ GOOG) traded up $12.55 during mid-day trading on Thursday, hitting $1,030.93. The stock had a trading volume of 1,458,220 shares, compared to its average volume of 1,488,228. The company has a market cap of $698,379.25, a P/E ratio of 33.65 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 12 month low of $767.23 and a 12 month high of $1,062.38.

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

In other Alphabet news, Director Ann Mather sold 38 shares of the firm’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 $36,451.88. Following the sale, the director now owns 1,797 shares of the company’s stock, valued at approximately $1,723,790.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $1,002.86, for a total value of $4,011,440.00. Following the transaction, the chief executive officer now owns 1,178 shares in the company, valued at $1,181,369.08. The disclosure for this sale can be found here. Insiders have sold a total of 38,396 shares of company stock worth $38,242,981 in the last three months. 13.92% of the stock is currently owned by insiders.

GOOG has been the topic of a number of recent analyst reports. Cowen reiterated an “outperform” rating and issued a $1,075.00 target price on shares of Alphabet in a research report on Thursday, August 10th. Wells Fargo & Company reiterated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. UBS reiterated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Societe Generale reiterated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Finally, Oppenheimer restated an “outperform” rating on shares of Alphabet in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirty-nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $1,047.96.

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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)

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