Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by Investmark Advisory Group LLC

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Investmark Advisory Group LLC lifted its position in shares of Alphabet Inc. (NASDAQ:GOOGGet Rating) by 66.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 332 shares of the information services provider’s stock after purchasing an additional 132 shares during the quarter. Investmark Advisory Group LLC’s holdings in Alphabet were worth $726,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Alphabet by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 21,192,982 shares of the information services provider’s stock valued at $59,191,787,000 after buying an additional 157,098 shares in the last quarter. BlackRock Inc. lifted its holdings in Alphabet by 1.1% in the 4th quarter. BlackRock Inc. now owns 19,196,177 shares of the information services provider’s stock valued at $55,545,866,000 after purchasing an additional 205,225 shares in the last quarter. Aaron Wealth Advisors LLC lifted its holdings in Alphabet by 492,443.2% in the 1st quarter. Aaron Wealth Advisors LLC now owns 6,476,943 shares of the information services provider’s stock valued at $2,319,000 after purchasing an additional 6,475,628 shares in the last quarter. Capital World Investors lifted its holdings in Alphabet by 2.0% in the 1st quarter. Capital World Investors now owns 3,143,633 shares of the information services provider’s stock valued at $8,780,439,000 after purchasing an additional 62,329 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Alphabet by 1.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,392,510 shares of the information services provider’s stock valued at $3,889,267,000 after purchasing an additional 23,452 shares in the last quarter. Institutional investors and hedge funds own 1.49% of the company’s stock.

Alphabet Stock Performance

NASDAQ GOOG opened at $99.17 on Monday. The company has a market cap of $1.29 trillion, a P/E ratio of 18.45, a P/E/G ratio of 1.60 and a beta of 1.08. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.81 and a quick ratio of 2.78. The stock has a 50-day moving average of $112.36 and a two-hundred day moving average of $118.20. Alphabet Inc. has a 1-year low of $98.01 and a 1-year high of $152.10.

Alphabet (NASDAQ:GOOGGet Rating) last announced its quarterly earnings data on Tuesday, July 26th. The information services provider reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.06). The company had revenue of $57.47 billion during the quarter, compared to analysts’ expectations of $57.55 billion. Alphabet had a net margin of 25.89% and a return on equity of 28.65%. During the same quarter in the previous year, the business posted $27.26 EPS. As a group, analysts anticipate that Alphabet Inc. will post 5.21 EPS for the current year.

Insider Activity

In other news, CAO Amie Thuener O’toole sold 42 shares of Alphabet stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $2,166.74, for a total value of $91,003.08. Following the completion of the transaction, the chief accounting officer now owns 1,192 shares in the company, valued at approximately $2,582,754.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Ann Mather sold 300 shares of the business’s stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $108.94, for a total transaction of $32,682.00. Following the completion of the sale, the director now owns 11,360 shares in the company, valued at $1,237,558.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 42 shares of the business’s stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $2,166.74, for a total value of $91,003.08. Following the sale, the chief accounting officer now owns 1,192 shares of the company’s stock, valued at approximately $2,582,754.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 44,516 shares of company stock worth $15,682,332. 12.99% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on GOOG shares. The Goldman Sachs Group set a $150.00 price objective on Alphabet in a report on Wednesday, July 27th. Itau BBA Securities began coverage on Alphabet in a report on Tuesday, July 26th. They issued a “market perform” rating on the stock. MKM Partners reduced their price target on Alphabet from $165.00 to $140.00 and set a “buy” rating on the stock in a report on Monday, July 18th. Credit Suisse Group set a $143.00 price target on Alphabet in a report on Tuesday, July 19th. Finally, Susquehanna Bancshares reduced their price target on Alphabet from $187.00 to $150.00 in a report on Wednesday, July 27th. One analyst has rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $158.05.

Alphabet Company Profile

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Alphabet Inc provides various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

See Also

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOGGet Rating).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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