WINTON GROUP Ltd purchased a new position in shares of Alphabet Inc. (NASDAQ:GOOG) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 306 shares of the information services provider’s stock, valued at approximately $238,000.
Several other institutional investors also recently made changes to their positions in GOOG. Bank of Montreal Can grew its holdings in Alphabet by 12.0% in the 1st quarter. Bank of Montreal Can now owns 1,692,542 shares of the information services provider’s stock worth $1,404,065,000 after buying an additional 181,085 shares in the last quarter. Pictet Asset Management Ltd. grew its holdings in Alphabet by 35.8% in the 1st quarter. Pictet Asset Management Ltd. now owns 422,437 shares of the information services provider’s stock worth $350,437,000 after buying an additional 111,292 shares in the last quarter. Karp Capital Management Corp bought a new position in Alphabet in the 1st quarter worth approximately $82,519,000. Russell Investments Group Ltd. grew its holdings in Alphabet by 12.0% in the 1st quarter. Russell Investments Group Ltd. now owns 876,999 shares of the information services provider’s stock worth $727,645,000 after buying an additional 94,111 shares in the last quarter. Finally, C WorldWide Group Holding A S grew its holdings in Alphabet by 11.4% in the 1st quarter. C WorldWide Group Holding A S now owns 491,269 shares of the information services provider’s stock worth $407,537,000 after buying an additional 50,375 shares in the last quarter. Institutional investors and hedge funds own 34.55% of the company’s stock.
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In other news, Director Shirley M. Tilghman sold 525 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $938.09, for a total transaction of $492,497.25. Following the completion of the sale, the director now owns 5,517 shares of the company’s stock, valued at approximately $5,175,442.53. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $903.86, for a total transaction of $3,615,440.00. Following the sale, the chief executive officer now directly owns 1,911 shares of the company’s stock, valued at approximately $1,727,276.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 46,680 shares of company stock worth $43,521,363. Company insiders own 13.92% of the company’s stock.
Shares of Alphabet Inc. (GOOG) traded down 0.49% on Friday, reaching $920.62. 1,214,489 shares of the company’s stock were exchanged. Alphabet Inc. has a 12 month low of $727.54 and a 12 month high of $988.25. The firm’s 50-day moving average price is $925.43 and its 200 day moving average price is $906.88. The company has a market cap of $637.88 billion, a price-to-earnings ratio of 33.36 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, topping the Zacks’ consensus estimate of $4.43 by $0.58. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The firm had revenue of $26.01 billion for the quarter, compared to analyst estimates of $25.61 billion. During the same quarter in the prior year, the business posted $8.42 EPS. The business’s revenue was up 21.0% compared to the same quarter last year. Equities research analysts predict that Alphabet Inc. will post $30.59 EPS for the current fiscal year.
A number of equities analysts recently issued reports on GOOG shares. Vetr lowered Alphabet from a “hold” rating to a “sell” rating and set a $892.37 price objective for the company. in a report on Thursday, May 18th. Robert W. Baird reissued an “outperform” rating and issued a $1,100.00 price objective on shares of Alphabet in a report on Friday, May 19th. Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Alphabet in a research note on Monday, May 22nd. Aegis reaffirmed a “buy” rating on shares of Alphabet in a research note on Monday, May 22nd. Finally, Deutsche Bank AG reaffirmed a “buy” rating on shares of Alphabet in a research note on Monday, May 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and forty-one have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $1,031.14.
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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