Executive Wealth Management LLC grew its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 6.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 830 shares of the information services provider’s stock after buying an additional 52 shares during the quarter. Executive Wealth Management LLC’s holdings in Alphabet were worth $897,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Curbstone Financial Management Corp boosted its holdings in shares of Alphabet by 4.3% in the second quarter. Curbstone Financial Management Corp now owns 3,412 shares of the information services provider’s stock valued at $3,688,000 after purchasing an additional 140 shares during the period. B. Riley Wealth Management Inc. boosted its holdings in shares of Alphabet by 9.0% in the first quarter. B. Riley Wealth Management Inc. now owns 980 shares of the information services provider’s stock valued at $1,150,000 after purchasing an additional 81 shares during the period. First National Bank of Hutchinson boosted its holdings in shares of Alphabet by 3.7% in the fourth quarter. First National Bank of Hutchinson now owns 1,232 shares of the information services provider’s stock valued at $1,276,000 after purchasing an additional 44 shares during the period. Coronation Fund Managers Ltd. boosted its holdings in shares of Alphabet by 18.8% in the second quarter. Coronation Fund Managers Ltd. now owns 14,918 shares of the information services provider’s stock valued at $16,125,000 after purchasing an additional 2,363 shares during the period. Finally, Atlantic Union Bankshares Corp boosted its holdings in shares of Alphabet by 4.2% in the second quarter. Atlantic Union Bankshares Corp now owns 699 shares of the information services provider’s stock valued at $756,000 after purchasing an additional 28 shares during the period. 33.98% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Ann Mather sold 27 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $1,213.14, for a total transaction of $32,754.78. Following the completion of the sale, the director now owns 1,803 shares in the company, valued at approximately $2,187,291.42. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Amie Thuener O’toole sold 69 shares of the stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $1,042.90, for a total value of $71,960.10. Following the sale, the chief accounting officer now owns 388 shares of the company’s stock, valued at approximately $404,645.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,123 shares of company stock valued at $2,553,758. Company insiders own 12.99% of the company’s stock.
Shares of GOOG traded up $6.59 during midday trading on Thursday, hitting $1,170.88. 531,256 shares of the company’s stock traded hands, compared to its average volume of 1,719,128. Alphabet Inc has a 1 year low of $970.11 and a 1 year high of $1,289.27. The company’s fifty day moving average is $1,155.12. The company has a quick ratio of 3.96, a current ratio of 3.98 and a debt-to-equity ratio of 0.07. The firm has a market cap of $814.54 billion, a PE ratio of 24.64, a price-to-earnings-growth ratio of 1.29 and a beta of 0.96.
Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, July 25th. The information services provider reported $14.21 EPS for the quarter, beating the consensus estimate of $11.49 by $2.72. Alphabet had a return on equity of 20.15% and a net margin of 23.43%. The firm had revenue of $38.94 billion during the quarter, compared to analyst estimates of $38.21 billion. During the same quarter in the prior year, the business posted $11.75 EPS. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. As a group, research analysts expect that Alphabet Inc will post 52.1 EPS for the current fiscal year.
A number of analysts recently issued reports on GOOG shares. Wedbush boosted their price target on Alphabet from $1,350.00 to $1,500.00 and gave the company an “outperform” rating in a report on Friday, July 26th. BidaskClub upgraded Alphabet from a “hold” rating to a “buy” rating in a report on Saturday, July 13th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Alphabet in a report on Friday, July 26th. Zacks Investment Research upgraded Alphabet from a “hold” rating to a “buy” rating and set a $1,372.00 price target for the company in a report on Wednesday, July 31st. Finally, Pivotal Research assumed coverage on Alphabet in a report on Wednesday, May 29th. They set a “hold” rating for the company. Three equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. Alphabet has an average rating of “Buy” and a consensus target price of $1,378.93.
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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