CKW Financial Group maintained its position in shares of Alphabet Inc. (NASDAQ:GOOG) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 161 shares of the information services provider’s stock at the close of the 1st quarter. CKW Financial Group’s holdings in Alphabet were worth $134,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of GOOG. Feltz Wealth PLAN Inc. acquired a new position in Alphabet during the first quarter valued at $170,000. Pinnacle Bank acquired a new position in Alphabet during the first quarter valued at $181,000. Palo Capital Inc. acquired a new position in Alphabet during the first quarter valued at $202,000. BTC Capital Management Inc. acquired a new position in Alphabet during the first quarter valued at $209,000. Finally, Saratoga Research & Investment Management acquired a new position in Alphabet during the first quarter valued at $211,000. Institutional investors and hedge funds own 34.55% of the company’s stock.
A number of research analysts have weighed in on the stock. MKM Partners reaffirmed a “buy” rating and issued a $1,170.00 price objective on shares of Alphabet in a report on Wednesday, June 28th. Morgan Stanley reaffirmed a “buy” rating on shares of Alphabet in a report on Monday, May 29th. Cowen and Company reaffirmed an “outperform” rating and issued a $1,075.00 price objective on shares of Alphabet in a report on Thursday, August 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,050.00 price objective on shares of Alphabet in a report on Monday, July 17th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and issued a price objective on shares of Alphabet in a report on Tuesday, May 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and forty-one have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $1,031.14.
In related news, SVP David C. Drummond sold 1,496 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $939.76, for a total value of $1,405,880.96. Following the completion of the sale, the senior vice president now owns 52 shares of the company’s stock, valued at $48,867.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $955.25, for a total transaction of $3,821,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,683 shares of the company’s stock, valued at approximately $1,607,685.75. The disclosure for this sale can be found here. Insiders have sold 46,680 shares of company stock valued at $43,521,363 in the last 90 days. Insiders own 13.92% of the company’s stock.
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Shares of Alphabet Inc. (GOOG) traded down 0.52% during mid-day trading on Friday, reaching $920.29. 2,505,430 shares of the company were exchanged. The firm has a market capitalization of $637.65 billion, a price-to-earnings ratio of 33.35 and a beta of 0.94. The company’s 50-day moving average is $925.04 and its 200 day moving average is $907.53. Alphabet Inc. has a 12 month low of $727.54 and a 12 month high of $988.25.
Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, topping the consensus estimate of $4.43 by $0.58. The business had revenue of $26.01 billion during the quarter, compared to analyst estimates of $25.61 billion. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The company’s quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $8.42 earnings per share. Analysts predict that Alphabet Inc. will post $30.59 EPS for the current year.
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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