Alphabet Inc. (GOOG) Holdings Raised by Oakworth Capital Inc.

Oakworth Capital Inc. boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 9.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,307 shares of the information services provider’s stock after buying an additional 1,020 shares during the period. Alphabet comprises 2.8% of Oakworth Capital Inc.’s portfolio, making the stock its 6th largest holding. Oakworth Capital Inc.’s holdings in Alphabet were worth $10,275,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Riggs Asset Managment Co. Inc. boosted its stake in Alphabet by 39.6% during the second quarter. Riggs Asset Managment Co. Inc. now owns 141 shares of the information services provider’s stock worth $128,000 after buying an additional 40 shares in the last quarter. Farmers National Bank boosted its stake in shares of 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 stake in shares of 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 stake in shares of 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 acquired a new stake in shares of Alphabet in the 2nd quarter valued at $200,000. Hedge funds and other institutional investors own 34.52% of the company’s stock.

Shares of Alphabet Inc. (NASDAQ:GOOG) opened at 984.45 on Friday. The stock has a 50 day moving average price of $950.14 and a 200 day moving average price of $929.02. Alphabet Inc. has a 12-month low of $727.54 and a 12-month high of $997.21. The firm has a market cap of $682.10 billion, a P/E ratio of 35.68 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.43 by $0.58. The company had revenue of $26.01 billion for the quarter, compared to analysts’ expectations of $25.61 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. Alphabet’s quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $8.42 earnings per share. On average, equities analysts expect that Alphabet Inc. will post $30.61 earnings per share for the current year.

In other Alphabet news, Director Ann Mather sold 629 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $932.28, for a total value of $586,404.12. Following the transaction, the director now owns 1,781 shares of the company’s stock, valued at $1,660,390.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director L John Doerr sold 13,556 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $922.15, for a total value of $12,500,665.40. Following the completion of the transaction, the director now directly owns 3,485 shares in the company, valued at approximately $3,213,692.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,694 shares of company stock worth $38,136,904. 13.92% of the stock is owned by insiders.

Several brokerages have recently commented on GOOG. Piper Jaffray Companies restated an “overweight” rating and issued a $1,150.00 target price on shares of Alphabet in a research note on Thursday. BidaskClub downgraded shares of Alphabet from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. MKM Partners restated a “buy” rating and issued a $1,210.00 target price (up previously from $1,170.00) on shares of Alphabet in a research note on Thursday, August 10th. Bank of America Corporation restated a “buy” rating and issued a $1,100.00 target price on shares of Alphabet in a research note on Tuesday, September 26th. Finally, Morgan Stanley restated a “buy” rating on shares of Alphabet in a research note on Friday, September 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $1,036.51.

COPYRIGHT VIOLATION NOTICE: “Alphabet Inc. (GOOG) Holdings Raised by Oakworth Capital Inc.” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another publication, it was illegally copied and republished in violation of U.S. & international copy

Other institutional investors and hedge funds have also bought and sold shares of the company. Riggs Asset Managment Co. Inc. boosted its stake in Alphabet by 39.6% during the second quarter. Riggs Asset Managment Co. Inc. now owns 141 shares of the information services provider’s stock worth $128,000 after buying an additional 40 shares in the last quarter. Farmers National Bank boosted its stake in shares of 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 stake in shares of 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 stake in shares of 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 acquired a new stake in shares of Alphabet in the 2nd quarter valued at $200,000. Hedge funds and other institutional investors own 34.52% of the company’s stock.

Shares of Alphabet Inc. (NASDAQ:GOOG) opened at 984.45 on Friday. The stock has a 50 day moving average price of $950.14 and a 200 day moving average price of $929.02. Alphabet Inc. has a 12-month low of $727.54 and a 12-month high of $997.21. The firm has a market cap of $682.10 billion, a P/E ratio of 35.68 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.43 by $0.58. The company had revenue of $26.01 billion for the quarter, compared to analysts’ expectations of $25.61 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. Alphabet’s quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $8.42 earnings per share. On average, equities analysts expect that Alphabet Inc. will post $30.61 earnings per share for the current year.

In other Alphabet news, Director Ann Mather sold 629 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $932.28, for a total value of $586,404.12. Following the transaction, the director now owns 1,781 shares of the company’s stock, valued at $1,660,390.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director L John Doerr sold 13,556 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $922.15, for a total value of $12,500,665.40. Following the completion of the transaction, the director now directly owns 3,485 shares in the company, valued at approximately $3,213,692.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,694 shares of company stock worth $38,136,904. 13.92% of the stock is owned by insiders.

Several brokerages have recently commented on GOOG. Piper Jaffray Companies restated an “overweight” rating and issued a $1,150.00 target price on shares of Alphabet in a research note on Thursday. BidaskClub downgraded shares of Alphabet from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. MKM Partners restated a “buy” rating and issued a $1,210.00 target price (up previously from $1,170.00) on shares of Alphabet in a research note on Thursday, August 10th. Bank of America Corporation restated a “buy” rating and issued a $1,100.00 target price on shares of Alphabet in a research note on Tuesday, September 26th. Finally, Morgan Stanley restated a “buy” rating on shares of Alphabet in a research note on Friday, September 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $1,036.51.

COPYRIGHT VIOLATION NOTICE: “Alphabet Inc. (GOOG) Holdings Raised by Oakworth Capital Inc.” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another publication, it was illegally copied and republished in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/20/alphabet-inc-goog-holdings-raised-by-oakworth-capital-inc.html.

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.

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).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Receive News & Ratings for Alphabet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply