Semmax Financial Advisors Inc. Raises Position in Alphabet Inc (NASDAQ:GOOG)

Semmax Financial Advisors Inc. lifted its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 91.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 716 shares of the information services provider’s stock after purchasing an additional 342 shares during the period. Semmax Financial Advisors Inc.’s holdings in Alphabet were worth $774,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of GOOG. Oregon Public Employees Retirement Fund boosted its holdings in Alphabet by 102,010.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 56,224,303 shares of the information services provider’s stock valued at $54,000 after purchasing an additional 56,169,241 shares during the period. BlackRock Inc. boosted its holdings in Alphabet by 0.6% in the 4th quarter. BlackRock Inc. now owns 19,618,313 shares of the information services provider’s stock valued at $20,316,919,000 after purchasing an additional 125,866 shares during the period. Lunia Capital LP boosted its holdings in Alphabet by 135,522.5% in the 4th quarter. Lunia Capital LP now owns 16,870,086 shares of the information services provider’s stock valued at $16,870,000 after purchasing an additional 16,857,647 shares during the period. Jennison Associates LLC boosted its holdings in Alphabet by 4.3% in the 4th quarter. Jennison Associates LLC now owns 1,871,132 shares of the information services provider’s stock valued at $1,937,763,000 after purchasing an additional 76,345 shares during the period. Finally, Sanders Capital LLC boosted its holdings in Alphabet by 3.5% in the 2nd quarter. Sanders Capital LLC now owns 1,267,225 shares of the information services provider’s stock valued at $1,495,736,000 after purchasing an additional 42,535 shares during the period. Institutional investors own 34.00% of the company’s stock.

In other Alphabet news, CAO Amie Thuener O’toole sold 69 shares of the business’s 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 completion of the sale, the chief accounting officer now directly owns 388 shares of the company’s stock, valued at $404,645.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John L. Hennessy sold 150 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $1,225.00, for a total transaction of $183,750.00. Following the completion of the sale, the director now directly owns 276 shares of the company’s stock, valued at $338,100. The disclosure for this sale can be found here. Insiders sold 2,123 shares of company stock valued at $2,553,758 over the last three months. 12.99% of the stock is currently owned by insiders.

Several research analysts have commented on GOOG shares. Benchmark reissued a “buy” rating and issued a $1,360.00 price target (up from $1,315.00) on shares of Alphabet in a report on Friday, July 26th. Wedbush raised their price target 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. Deutsche Bank raised their price target on shares of Alphabet from $1,400.00 to $1,475.00 and gave the company a “buy” rating in a report on Thursday, August 15th. Stifel Nicolaus downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,287.00 price target for the company. in a report on Tuesday, April 30th. Finally, Bank of America reaffirmed a “buy” rating and set a $1,450.00 price objective (up from $1,350.00) on shares of Alphabet in a report on Friday, July 26th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $1,378.93.

Alphabet stock traded down $38.24 during mid-day trading on Friday, hitting $1,151.29. The company’s stock had a trading volume of 1,406,965 shares, compared to its average volume of 1,607,384. 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 stock has a market cap of $824.82 billion, a price-to-earnings ratio of 24.23, a price-to-earnings-growth ratio of 1.30 and a beta of 0.96. The business has a 50 day moving average price of $1,170.92 and a 200-day moving average price of $1,156.17. Alphabet Inc has a 12 month low of $970.11 and a 12 month high of $1,289.27.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, July 25th. The information services provider reported $14.21 earnings per share for the quarter, topping the consensus estimate of $11.49 by $2.72. The business had revenue of $38.94 billion during the quarter, compared to the consensus estimate of $38.21 billion. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period in the previous year, the firm posted $11.75 earnings per share. On average, equities research analysts expect that Alphabet Inc will post 52.1 earnings per share for the current fiscal year.

Alphabet Company 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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