Dempze Nancy E continued to hold its position in shares of Alphabet Inc. (NASDAQ:GOOG) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 490 shares of the company’s stock at the end of the second quarter. Dempze Nancy E’s holdings in Alphabet were worth $339,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mesirow Financial Investment Management Equity Management bought a new position in shares of Alphabet during the second quarter valued at about $121,000. D. Scott Neal Inc. increased its position 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 valued at $145,000 after buying an additional 200 shares during the period. Cacti Asset Management LLC bought a new position in shares of Alphabet during the second quarter valued at about $159,000. Wedge Capital Management L L P NC bought a new position in shares of Alphabet during the second quarter valued at about $210,000. Finally, Pinnacle Wealth Management Advisory Group LLC bought a new position in shares of Alphabet during the second quarter valued at about $215,000. Institutional investors own 34.39% of the company’s stock.
Shares of Alphabet Inc. (NASDAQ:GOOG) traded up 0.5969% during trading on Friday, reaching $779.6364. 686,696 shares of the company were exchanged. The stock’s 50 day moving average is $774.01 and its 200 day moving average is $738.56. The company has a market capitalization of $535.82 billion, a price-to-earnings ratio of 30.2079 and a beta of 1.03. Alphabet Inc. has a 1-year low of $603.13 and a 1-year high of $789.87.
Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, July 28th. The company reported $8.42 EPS for the quarter, beating the Zacks’ consensus estimate of $8.03 by $0.39. Alphabet had a net margin of 22.00% and a return on equity of 14.74%. The business earned $21.50 billion during the quarter, compared to analysts’ expectations of $20.74 billion. During the same period in the prior year, the company earned $6.99 earnings per share. The firm’s revenue was up 21.3% on a year-over-year basis. Equities analysts anticipate that Alphabet Inc. will post $34.30 earnings per share for the current year.
Several research analysts have recently issued reports on the stock. Sanford C. Bernstein set a $950.00 price target on shares of Alphabet and gave the stock a “buy” rating in a report on Friday, July 29th. JMP Securities set a $928.00 price objective on Alphabet and gave the company a “buy” rating in a report on Friday, July 29th. Robert W. Baird set a $900.00 price objective on Alphabet and gave the company a “buy” rating in a report on Friday, July 29th. Credit Suisse Group AG restated an “outperform” rating and issued a $940.00 price objective (up from $920.00) on shares of Alphabet in a report on Friday, July 29th. Finally, Atlantic Securities set a $910.00 price objective on Alphabet and gave the company a “buy” rating in a report on Friday, July 29th. One analyst has rated the stock with a sell rating, one has issued a hold rating, forty-five have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $923.68.
In other news, Director Ann Mather sold 43 shares of the stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $773.49, for a total value of $33,260.07. Following the completion of the sale, the director now directly owns 1,656 shares of the company’s stock, valued at $1,280,899.44. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction on Wednesday, July 6th. The stock was sold at an average price of $690.94, for a total transaction of $2,763,760.00. Following the completion of the sale, the chief executive officer now directly owns 3,672 shares of the company’s stock, valued at $2,537,131.68. The disclosure for this sale can be found here. 13.92% of the stock is currently owned by 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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