Carleon Capital Partners LLC bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOG) during the second quarter, according to its most recent filing with the SEC. The firm bought 2,385 shares of the company’s stock, valued at approximately $1,651,000. Alphabet accounts for about 0.8% of Carleon Capital Partners LLC’s portfolio, making the stock its 29th largest position.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Mesirow Financial Investment Management Equity Management bought a new position in Alphabet during the second quarter valued at approximately $121,000. Whitnell & Co. boosted its position in Alphabet by 20.6% in the second quarter. Whitnell & Co. now owns 187 shares of the company’s stock valued at $129,000 after buying an additional 32 shares during the last quarter. D. Scott Neal Inc. boosted its position in Alphabet by 2,000.0% in the second quarter. D. Scott Neal Inc. now owns 210 shares of the company’s stock valued at $145,000 after buying an additional 200 shares during the last quarter. Cacti Asset Management LLC bought a new position in Alphabet during the second quarter valued at approximately $159,000. Finally, Wedge Capital Management L L P NC bought a new position in Alphabet during the second quarter valued at approximately $210,000. 34.39% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Alphabet Inc. (NASDAQ:GOOG) traded down 0.35% during trading on Friday, reaching $774.17. 263,326 shares of the company were exchanged. The company has a 50 day moving average price of $773.21 and a 200-day moving average price of $740.06. The stock has a market capitalization of $532.07 billion, a price-to-earnings ratio of 30.00 and a beta of 1.03. Alphabet Inc. has a one year low of $635.32 and a one year high of $789.87.
Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, July 28th. The company reported $8.42 earnings per share for the quarter, beating analysts’ consensus estimates of $8.03 by $0.39. Alphabet had a return on equity of 14.74% and a net margin of 22.00%. The business had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $20.74 billion. During the same quarter in the prior year, the business earned $6.99 EPS. The firm’s revenue for the quarter was up 21.3% on a year-over-year basis. Equities analysts predict that Alphabet Inc. will post $34.14 EPS for the current year.
GOOG has been the topic of several recent research reports. Sanford C. Bernstein set a $950.00 price objective on shares of Alphabet and gave the stock a “buy” rating in a research note on Friday, July 29th. JMP Securities set a $928.00 price objective on shares of Alphabet and gave the stock a “buy” rating in a research note on Friday, July 29th. Robert W. Baird set a $900.00 price objective on shares of Alphabet and gave the stock a “buy” rating in a research note on Friday, July 29th. Credit Suisse Group AG reaffirmed an “outperform” rating and issued a $940.00 price objective (up previously from $920.00) on shares of Alphabet in a research note on Friday, July 29th. Finally, Atlantic Securities set a $910.00 price objective on shares of Alphabet and gave the stock a “buy” rating in a research note on Friday, July 29th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, forty-five have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $926.55.
In other Alphabet news, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $739.21, for a total transaction of $2,956,840.00. Following the transaction, the chief executive officer now owns 3,297 shares in the company, valued at approximately $2,437,175.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP James Grier Campbell sold 603 shares of the stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $767.18, for a total value of $462,609.54. The disclosure for this sale can be found here. 13.92% of the stock is owned by corporate insiders.
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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