Capital Planning Advisors LLC lowered its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,363 shares of the company’s stock after selling 39 shares during the period. Alphabet makes up 0.9% of Capital Planning Advisors LLC’s investment portfolio, making the stock its 28th largest position. Capital Planning Advisors LLC’s holdings in Alphabet were worth $1,635,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. D. Scott Neal Inc. boosted its stake in shares of Alphabet by 2,000.0% in the second quarter. D. Scott Neal Inc. now owns 210 shares of the company’s stock worth $145,000 after buying an additional 200 shares during the last quarter. Cacti Asset Management LLC bought a new stake in shares of Alphabet during the second quarter worth approximately $159,000. Stewart & Patten Co. LLC boosted its stake in shares of Alphabet by 1.3% in the second quarter. Stewart & Patten Co. LLC now owns 323 shares of the company’s stock worth $224,000 after buying an additional 4 shares during the last quarter. Retirement Planning Group boosted its stake in shares of Alphabet by 1.5% in the first quarter. Retirement Planning Group now owns 330 shares of the company’s stock worth $246,000 after buying an additional 5 shares during the last quarter. Finally, Rosenbaum Jay D. bought a new stake in shares of Alphabet during the second quarter worth approximately $260,000. Institutional investors own 34.38% of the company’s stock.
Alphabet Inc. (NASDAQ:GOOG) traded down 0.04% during trading on Friday, hitting $786.90. The company’s stock had a trading volume of 1,411,937 shares. The firm has a market cap of $540.82 billion, a PE ratio of 30.49 and a beta of 1.03. The company has a 50-day moving average of $774.55 and a 200 day moving average of $736.60. Alphabet Inc. has a one year low of $589.38 and a one year high of $789.87.
Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, July 28th. The company reported $8.42 EPS for the quarter, beating the consensus estimate of $8.03 by $0.39. The firm had revenue of $21.50 billion for the quarter, compared to analyst estimates of $20.74 billion. Alphabet had a return on equity of 14.74% and a net margin of 22.00%. Alphabet’s revenue for the quarter was up 21.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.99 earnings per share. On average, equities analysts forecast that Alphabet Inc. will post $34.29 earnings per share for the current year.
GOOG has been the subject of a number of recent analyst reports. Goldman Sachs Group Inc. set a $810.00 price objective on Alphabet and gave the stock a “buy” rating in a research note on Wednesday, July 20th. Vetr raised Alphabet from a “buy” rating to a “strong-buy” rating and set a $778.71 price objective for the company in a research note on Monday, June 20th. Longbow Research initiated coverage on Alphabet in a research note on Wednesday, July 6th. They issued a “buy” rating for the company. Societe Generale set a $910.00 price objective on Alphabet and gave the stock a “buy” rating in a research note on Thursday, July 7th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $880.00 price objective (up previously from $840.00) on shares of Alphabet in a research note on Sunday, July 31st. Two equities research analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $925.54.
In other Alphabet news, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction on Wednesday, July 6th. The shares were sold at an average price of $690.94, for a total value of $2,763,760.00. Following the completion of the transaction, the chief executive officer now owns 3,672 shares in the company, valued at $2,537,131.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lawrence Page sold 33,332 shares of the company’s stock in a transaction on Monday, August 15th. The shares were sold at an average price of $794.76, for a total transaction of $26,490,940.32. Following the completion of the transaction, the chief executive officer now owns 30,666 shares of the company’s stock, valued at approximately $24,372,110.16. The disclosure for this sale can be found here. 13.92% of the stock is owned by corporate insiders.
Alphabet Company Profile
Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.
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