Schulhoff & Co. Inc. purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,346 shares of the information services provider's stock, valued at approximately $239,000.
Several other large investors have also made changes to their positions in the company. IFS Advisors LLC boosted its stake in shares of Alphabet by 400.0% in the 2nd quarter. IFS Advisors LLC now owns 150 shares of the information services provider's stock valued at $27,000 after purchasing an additional 120 shares in the last quarter. Robbins Farley raised its holdings in Alphabet by 60.0% during the 2nd quarter. Robbins Farley now owns 160 shares of the information services provider's stock worth $28,000 after purchasing an additional 60 shares during the last quarter. WestEnd Advisors LLC raised its holdings in Alphabet by 58.7% during the 2nd quarter. WestEnd Advisors LLC now owns 165 shares of the information services provider's stock worth $29,000 after purchasing an additional 61 shares during the last quarter. MorganRosel Wealth Management LLC bought a new position in Alphabet during the 1st quarter worth approximately $26,000. Finally, Fairman Group LLC raised its holdings in Alphabet by 121.3% during the 2nd quarter. Fairman Group LLC now owns 177 shares of the information services provider's stock worth $31,000 after purchasing an additional 97 shares during the last quarter. Institutional investors and hedge funds own 27.26% of the company's stock.
Alphabet Stock Up 2.7%
Shares of Alphabet stock opened at $260.51 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.90 and a current ratio of 1.90. Alphabet Inc. has a 52-week low of $142.66 and a 52-week high of $262.51. The stock has a market capitalization of $3.15 trillion, a price-to-earnings ratio of 27.74, a P/E/G ratio of 1.71 and a beta of 1.00. The company's 50 day moving average price is $237.33 and its 200-day moving average price is $196.32.
Alphabet (NASDAQ:GOOG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The information services provider reported $2.31 EPS for the quarter, topping analysts' consensus estimates of $2.12 by $0.19. Alphabet had a return on equity of 34.31% and a net margin of 31.12%.The company had revenue of $96.43 billion during the quarter, compared to analyst estimates of $93.67 billion. During the same quarter last year, the firm posted $1.89 earnings per share. The firm's revenue was up 13.8% on a year-over-year basis. Equities research analysts forecast that Alphabet Inc. will post 8.89 EPS for the current year.
Analysts Set New Price Targets
GOOG has been the subject of a number of recent research reports. Jefferies Financial Group boosted their price target on shares of Alphabet from $230.00 to $285.00 and gave the company a "buy" rating in a research note on Thursday, October 2nd. Barclays restated a "buy" rating on shares of Alphabet in a research report on Wednesday, July 9th. Cowen reissued a "buy" rating on shares of Alphabet in a report on Wednesday, October 8th. Hsbc Global Res raised shares of Alphabet to a "strong-buy" rating in a report on Tuesday, October 7th. Finally, Morgan Stanley raised their target price on shares of Alphabet from $210.00 to $270.00 and gave the company an "overweight" rating in a research note on Thursday, October 2nd. Six investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $249.68.
Get Our Latest Report on GOOG
Insider Buying and Selling
In other Alphabet news, Director John L. Hennessy sold 600 shares of the firm's stock in a transaction on Monday, October 13th. The stock was sold at an average price of $242.92, for a total transaction of $145,752.00. Following the completion of the transaction, the director owned 5,116 shares of the company's stock, valued at approximately $1,242,778.72. This trade represents a 10.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John Kent Walker sold 17,816 shares of the firm's stock in a transaction on Monday, September 29th. The shares were sold at an average price of $247.42, for a total value of $4,408,034.72. Following the transaction, the insider directly owned 42,985 shares of the company's stock, valued at $10,635,348.70. This represents a 29.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 246,150 shares of company stock valued at $55,805,379 over the last three months. Insiders own 12.99% of the company's stock.
About Alphabet
(
Free Report)
Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
See Also
Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOG - Free Report).
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