Alphabet Inc. (GOOG) Position Lessened by Papp L Roy & Associates

Papp L Roy & Associates lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,065 shares of the information services provider’s stock after selling 275 shares during the quarter. Alphabet comprises about 3.4% of Papp L Roy & Associates’ holdings, making the stock its 7th largest position. Papp L Roy & Associates’ holdings in Alphabet were worth $15,507,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Riggs Asset Managment Co. Inc. boosted its holdings in Alphabet by 39.6% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 141 shares of the information services provider’s stock valued at $128,000 after purchasing an additional 40 shares in the last quarter. Farmers National Bank boosted its holdings in Alphabet by 15.0% in the 1st quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock valued at $134,000 after purchasing an additional 21 shares in the last quarter. St. Johns Investment Management Company LLC boosted its holdings in Alphabet by 1,046.7% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock valued at $156,000 after purchasing an additional 157 shares in the last quarter. Cribstone Capital Management LLC boosted its holdings in Alphabet by 5.7% in the 2nd quarter. Cribstone Capital Management LLC now owns 184 shares of the information services provider’s stock valued at $167,000 after purchasing an additional 10 shares in the last quarter. Finally, Baker Boyer National Bank purchased a new stake in Alphabet in the 2nd quarter valued at approximately $200,000. 34.52% of the stock is currently owned by hedge funds and other institutional investors.

In other Alphabet news, Director Ann Mather sold 38 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $959.26, for a total value of $36,451.88. Following the sale, the director now directly owns 1,797 shares in the company, valued at approximately $1,723,790.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $958.40, for a total transaction of $3,833,600.00. The disclosure for this sale can be found here. Insiders sold a total of 36,694 shares of company stock worth $34,162,584 over the last quarter. 13.92% of the stock is currently owned by company insiders.

ILLEGAL ACTIVITY WARNING: “Alphabet Inc. (GOOG) Position Lessened by Papp L Roy & Associates” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another domain, it was illegally stolen and republished in violation of US and international copyright & trademark law. The original version of this story can be accessed at https://ledgergazette.com/2017/10/18/alphabet-inc-goog-position-lessened-by-papp-l-roy-associates.html.

Alphabet Inc. (NASDAQ GOOG) opened at 992.18 on Wednesday. Alphabet Inc. has a one year low of $727.54 and a one year high of $997.21. The firm has a market cap of $687.46 billion, a price-to-earnings ratio of 35.96 and a beta of 0.94. The firm has a 50-day moving average of $942.88 and a 200-day moving average of $925.82.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.43 by $0.58. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The business had revenue of $26.01 billion for the quarter, compared to analyst estimates of $25.61 billion. During the same period last year, the business posted $8.42 EPS. Alphabet’s revenue was up 21.0% compared to the same quarter last year. Analysts anticipate that Alphabet Inc. will post $30.61 EPS for the current year.

A number of equities research analysts have weighed in on GOOG shares. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Alphabet in a report on Tuesday, July 25th. Vetr lowered Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,033.60 price objective on the stock. in a report on Wednesday, August 30th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Alphabet in a report on Wednesday, June 28th. UBS AG reaffirmed a “buy” rating and issued a $1,080.00 price objective on shares of Alpha

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Riggs Asset Managment Co. Inc. boosted its holdings in Alphabet by 39.6% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 141 shares of the information services provider’s stock valued at $128,000 after purchasing an additional 40 shares in the last quarter. Farmers National Bank boosted its holdings in Alphabet by 15.0% in the 1st quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock valued at $134,000 after purchasing an additional 21 shares in the last quarter. St. Johns Investment Management Company LLC boosted its holdings in Alphabet by 1,046.7% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock valued at $156,000 after purchasing an additional 157 shares in the last quarter. Cribstone Capital Management LLC boosted its holdings in Alphabet by 5.7% in the 2nd quarter. Cribstone Capital Management LLC now owns 184 shares of the information services provider’s stock valued at $167,000 after purchasing an additional 10 shares in the last quarter. Finally, Baker Boyer National Bank purchased a new stake in Alphabet in the 2nd quarter valued at approximately $200,000. 34.52% of the stock is currently owned by hedge funds and other institutional investors.

In other Alphabet news, Director Ann Mather sold 38 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $959.26, for a total value of $36,451.88. Following the sale, the director now directly owns 1,797 shares in the company, valued at approximately $1,723,790.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $958.40, for a total transaction of $3,833,600.00. The disclosure for this sale can be found here. Insiders sold a total of 36,694 shares of company stock worth $34,162,584 over the last quarter. 13.92% of the stock is currently owned by company insiders.

ILLEGAL ACTIVITY WARNING: “Alphabet Inc. (GOOG) Position Lessened by Papp L Roy & Associates” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another domain, it was illegally stolen and republished in violation of US and international copyright & trademark law. The original version of this story can be accessed at https://ledgergazette.com/2017/10/18/alphabet-inc-goog-position-lessened-by-papp-l-roy-associates.html.

Alphabet Inc. (NASDAQ GOOG) opened at 992.18 on Wednesday. Alphabet Inc. has a one year low of $727.54 and a one year high of $997.21. The firm has a market cap of $687.46 billion, a price-to-earnings ratio of 35.96 and a beta of 0.94. The firm has a 50-day moving average of $942.88 and a 200-day moving average of $925.82.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.43 by $0.58. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The business had revenue of $26.01 billion for the quarter, compared to analyst estimates of $25.61 billion. During the same period last year, the business posted $8.42 EPS. Alphabet’s revenue was up 21.0% compared to the same quarter last year. Analysts anticipate that Alphabet Inc. will post $30.61 EPS for the current year.

A number of equities research analysts have weighed in on GOOG shares. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Alphabet in a report on Tuesday, July 25th. Vetr lowered Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,033.60 price objective on the stock. in a report on Wednesday, August 30th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Alphabet in a report on Wednesday, June 28th. UBS AG reaffirmed a “buy” rating and issued a $1,080.00 price objective on shares of Alphabet in a report on Monday, September 11th. Finally, Credit Suisse Group reaffirmed an “outperform” rating on shares of Alphabet in a report on Friday, June 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-nine have assigned a buy rating to the company’s stock. Alphabet currently has an average rating of “Buy” and an average price target of $1,034.07.

Alphabet Company Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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