Roman Butler Fullerton & Co. Cuts Stock Position in Alphabet Inc (NASDAQ:GOOG)

Roman Butler Fullerton & Co. lowered its position in Alphabet Inc (NASDAQ:GOOG) by 25.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 744 shares of the information services provider’s stock after selling 260 shares during the period. Roman Butler Fullerton & Co.’s holdings in Alphabet were worth $804,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Central Bank & Trust Co. boosted its holdings in shares of Alphabet by 3.1% in the 2nd quarter. Central Bank & Trust Co. now owns 295 shares of the information services provider’s stock valued at $319,000 after acquiring an additional 9 shares during the last quarter. Telos Capital Management Inc. boosted its holdings in shares of Alphabet by 1.0% in the 2nd quarter. Telos Capital Management Inc. now owns 921 shares of the information services provider’s stock valued at $996,000 after acquiring an additional 9 shares during the last quarter. TD Capital Management LLC boosted its holdings in shares of Alphabet by 38.5% in the 4th quarter. TD Capital Management LLC now owns 36 shares of the information services provider’s stock valued at $37,000 after acquiring an additional 10 shares during the last quarter. Meristem Family Wealth LLC boosted its holdings in shares of Alphabet by 1.5% in the 4th quarter. Meristem Family Wealth LLC now owns 690 shares of the information services provider’s stock valued at $715,000 after acquiring an additional 10 shares during the last quarter. Finally, Pacifica Capital Investments LLC boosted its holdings in shares of Alphabet by 3.7% in the 4th quarter. Pacifica Capital Investments LLC now owns 280 shares of the information services provider’s stock valued at $290,000 after acquiring an additional 10 shares during the last quarter. 33.96% of the stock is currently owned by hedge funds and other institutional investors.

Shares of GOOG traded down $15.02 during trading hours on Friday, hitting $1,193.99. The stock had a trading volume of 1,644,818 shares, compared to its average volume of 1,487,756. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.98 and a quick ratio of 3.96. The business’s 50-day moving average is $1,136.03. Alphabet Inc has a fifty-two week low of $970.11 and a fifty-two week high of $1,289.27. The firm has a market cap of $844.67 billion, a price-to-earnings ratio of 25.13, a price-to-earnings-growth ratio of 1.34 and a beta of 0.96.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, July 25th. The information services provider reported $14.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.49 by $2.72. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. The firm had revenue of $38.94 billion during the quarter, compared to analysts’ expectations of $38.21 billion. During the same period in the previous year, the business posted $11.75 EPS. The business’s revenue was up 19.3% compared to the same quarter last year. As a group, research analysts expect that Alphabet Inc will post 51.8 EPS for the current fiscal year.

Several research firms have recently commented on GOOG. Wedbush upped their price objective on shares of Alphabet from $1,350.00 to $1,500.00 and gave the company an “outperform” rating in a report on Friday, July 26th. UBS Group reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, July 26th. Stifel Nicolaus downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,287.00 price objective on the stock. in a report on Tuesday, April 30th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, July 26th. Finally, BidaskClub raised shares of Alphabet from a “hold” rating to a “buy” rating in a report on Saturday, July 13th. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. Alphabet currently has an average rating of “Buy” and a consensus target price of $1,373.93.

In other Alphabet news, Director John L. Hennessy sold 75 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $1,238.57, for a total transaction of $92,892.75. Following the completion of the transaction, the director now directly owns 276 shares in the company, valued at $341,845.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 69 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $1,042.90, for a total transaction of $71,960.10. Following the transaction, the chief accounting officer now owns 388 shares of the company’s stock, valued at $404,645.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,068 shares of company stock valued at $2,487,718. Company insiders own 12.99% of the company’s stock.

Alphabet Profile

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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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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