CENTRAL TRUST Co raised its position in Alphabet Inc (NASDAQ:GOOG) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,404 shares of the information services provider’s stock after acquiring an additional 98 shares during the period. CENTRAL TRUST Co’s holdings in Alphabet were worth $7,747,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of GOOG. Burt Wealth Advisors raised its holdings in Alphabet by 17.2% in the 2nd quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock valued at $123,000 after acquiring an additional 20 shares in the last quarter. Signature Estate & Investment Advisors LLC raised its holdings in Alphabet by 3.8% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock valued at $124,000 after acquiring an additional 5 shares in the last quarter. Archford Capital Strategies LLC raised its holdings in Alphabet by 400.0% in the 2nd quarter. Archford Capital Strategies LLC now owns 1,040 shares of the information services provider’s stock valued at $139,000 after acquiring an additional 832 shares in the last quarter. Almanack Investment Partners LLC. raised its holdings in Alphabet by 4.5% in the 2nd quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock valued at $147,000 after acquiring an additional 7 shares in the last quarter. Finally, WealthTrust Arizona LLC raised its holdings in Alphabet by 134.9% in the 4th quarter. WealthTrust Arizona LLC now owns 148 shares of the information services provider’s stock valued at $155,000 after acquiring an additional 85 shares in the last quarter. 34.84% of the stock is owned by hedge funds and other institutional investors.
Several research firms have commented on GOOG. Vetr cut Alphabet from a “sell” rating to a “strong sell” rating and set a $949.65 price target for the company. in a report on Wednesday, January 10th. Morningstar reissued a “neutral” rating on shares of Alphabet in a report on Friday, January 19th. SunTrust Banks increased their target price on Alphabet to $1,250.00 and gave the stock a “buy” rating in a report on Friday, January 12th. Atlantic Securities reissued a “buy” rating on shares of Alphabet in a report on Friday, February 2nd. Finally, UBS reissued a “buy” rating on shares of Alphabet in a report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-six have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $1,073.56.
GOOG stock opened at $1,097.71 on Wednesday. The company has a market capitalization of $789,085.88, a price-to-earnings ratio of 61.12 and a beta of 1.04. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.14 and a quick ratio of 5.11. Alphabet Inc has a 12-month low of $803.37 and a 12-month high of $1,186.89.
Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, February 1st. The information services provider reported $9.70 EPS for the quarter, missing the Zacks’ consensus estimate of $10.07 by ($0.37). The firm had revenue of $32.32 billion during the quarter, compared to the consensus estimate of $31.88 billion. Alphabet had a net margin of 11.42% and a return on equity of 14.94%. The firm’s quarterly revenue was up 24.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $9.36 earnings per share.
Alphabet declared that its Board of Directors has approved a share buyback plan on Thursday, February 1st that permits the company to repurchase $8.59 billion in outstanding shares. This repurchase authorization permits the information services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
In other Alphabet news, SVP David C. Drummond sold 5,690 shares of the stock in a transaction on Monday, March 12th. The stock was sold at an average price of $1,164.43, for a total value of $6,625,606.70. Following the transaction, the senior vice president now directly owns 2,897 shares in the company, valued at approximately $3,373,353.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $1,065.21, for a total value of $4,260,840.00. Following the completion of the transaction, the chief executive officer now owns 1,031 shares in the company, valued at $1,098,231.51. The disclosure for this sale can be found here. Insiders sold a total of 44,709 shares of company stock worth $48,664,381 over the last quarter. Corporate insiders own 13.92% of the company’s stock.
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.
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