Princeton Global Asset Management LLC grew its holdings in Alphabet Inc (NASDAQ:GOOG) by 1.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,223 shares of the information services provider’s stock after purchasing an additional 20 shares during the period. Princeton Global Asset Management LLC’s holdings in Alphabet were worth $1,434,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Ayalon Holdings Ltd. acquired a new stake in Alphabet during the fourth quarter worth approximately $32,000. 1 North Wealth Services LLC bought a new position in Alphabet in the fourth quarter worth approximately $34,000. TD Capital Management LLC boosted its holdings in Alphabet by 38.5% in the fourth quarter. TD Capital Management LLC now owns 36 shares of the information services provider’s stock worth $37,000 after acquiring an additional 10 shares in the last quarter. First PREMIER Bank boosted its holdings in Alphabet by 80.0% in the fourth quarter. First PREMIER Bank now owns 36 shares of the information services provider’s stock worth $38,000 after acquiring an additional 16 shares in the last quarter. Finally, Truehand Inc bought a new position in Alphabet in the fourth quarter worth approximately $38,000. Institutional investors own 33.95% of the company’s stock.
A number of research analysts have recently weighed in on the company. Credit Suisse Group restated a “sell” rating on shares of Alphabet in a report on Wednesday, May 15th. Zacks Investment Research upgraded Alphabet from a “hold” rating to a “buy” rating and set a $1,399.00 target price on the stock in a report on Wednesday, April 24th. Deutsche Bank raised their target price on Alphabet from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. BidaskClub upgraded Alphabet from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Alphabet in a report on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-six have assigned a buy rating to the stock. Alphabet presently has a consensus rating of “Buy” and an average price target of $1,361.50.
Alphabet stock opened at $1,085.35 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.96 and a quick ratio of 3.93. Alphabet Inc has a one year low of $970.11 and a one year high of $1,289.27. The stock has a market cap of $753.50 billion, a PE ratio of 22.84, a PEG ratio of 1.28 and a beta of 1.03.
Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Monday, April 29th. The information services provider reported $11.90 EPS for the quarter, topping analysts’ consensus estimates of $10.51 by $1.39. Alphabet had a return on equity of 20.06% and a net margin of 19.71%. The firm had revenue of $36.34 billion for the quarter, compared to the consensus estimate of $37.36 billion. During the same quarter in the prior year, the company posted $9.93 earnings per share. The firm’s revenue was up 16.7% on a year-over-year basis. Equities research analysts predict that Alphabet Inc will post 48.44 EPS for the current year.
In other Alphabet news, VP Amie Thuener O’toole sold 89 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $1,195.32, for a total value of $106,383.48. Following the transaction, the vice president now directly owns 388 shares of the company’s stock, valued at approximately $463,784.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ann Mather sold 39 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $1,182.00, for a total value of $46,098.00. Following the completion of the transaction, the director now directly owns 1,797 shares in the company, valued at $2,124,054. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 423 shares of company stock valued at $494,939. 13.11% of the stock is currently owned by corporate insiders.
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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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