P.A.W. Capital Corp held its stake in shares of Alphabet Inc. (NASDAQ:GOOG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,500 shares of the company’s stock at the end of the second quarter. Alphabet comprises approximately 2.0% of P.A.W. Capital Corp’s portfolio, making the stock its 19th largest position. P.A.W. Capital Corp’s holdings in Alphabet were worth $1,730,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the company. BlackRock Institutional Trust Company N.A. boosted its stake in Alphabet by 0.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 7,693,848 shares of the company’s stock worth $5,731,532,000 after buying an additional 37,063 shares in the last quarter. Geode Capital Management LLC boosted its stake in Alphabet by 4.7% in the first quarter. Geode Capital Management LLC now owns 2,608,164 shares of the company’s stock worth $1,939,281,000 after buying an additional 117,556 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in Alphabet by 1.8% in the first quarter. UBS Asset Management Americas Inc. now owns 1,365,990 shares of the company’s stock worth $1,017,595,000 after buying an additional 24,169 shares in the last quarter. Bank of Montreal Can bought a new stake in Alphabet during the second quarter worth approximately $927,982,000. Finally, American Century Companies Inc. boosted its stake in Alphabet by 5.0% in the second quarter. American Century Companies Inc. now owns 985,736 shares of the company’s stock worth $682,228,000 after buying an additional 46,493 shares in the last quarter. 34.38% of the stock is currently owned by institutional investors.
Alphabet Inc. (NASDAQ:GOOG) traded up 1.36% on Thursday, hitting $786.76. The stock had a trading volume of 1,242,745 shares. The company has a market cap of $540.72 billion, a P/E ratio of 30.48 and a beta of 1.03. Alphabet Inc. has a 52-week low of $589.38 and a 52-week high of $789.87. The firm’s 50-day moving average is $773.72 and its 200-day moving average is $735.57.
Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, July 28th. The company reported $8.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.03 by $0.39. The business earned $21.50 billion during 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%. The business’s revenue was up 21.3% compared to the same quarter last year. During the same period in the prior year, the business earned $6.99 earnings per share. Equities research analysts anticipate that Alphabet Inc. will post $34.29 earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on the company. Credit Suisse Group AG reissued an “outperform” rating and issued a $940.00 target price (up from $920.00) on shares of Alphabet in a research note on Friday, July 29th. Evercore ISI reissued a “buy” rating and issued a $830.00 target price (down from $950.00) on shares of Alphabet in a research note on Thursday, June 23rd. Atlantic Securities set a $910.00 price target on Alphabet and gave the company a “buy” rating in a report on Friday, July 29th. Vetr raised Alphabet from a “buy” rating to a “strong-buy” rating and set a $760.24 price target on the stock in a report on Monday, June 27th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Alphabet in a report on Thursday, May 26th. Two research analysts have rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the stock. Alphabet currently has an average rating of “Buy” and an average target price of $925.56.
In related news, CEO Lawrence Page sold 33,340 shares of the stock in a transaction that occurred on Friday, June 24th. The stock was sold at an average price of $686.50, for a total value of $22,887,910.00. Following the completion of the transaction, the chief executive officer now directly owns 30,670 shares in the company, valued at $21,054,955. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction that occurred on Wednesday, July 6th. The stock was 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 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 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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