Farley Capital L.P. continued to hold its stake in shares of Alphabet Inc (NASDAQ:GOOG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,781 shares of the information services provider’s stock at the end of the fourth quarter. Alphabet comprises approximately 7.9% of Farley Capital L.P.’s holdings, making the stock its 3rd largest position. Farley Capital L.P.’s holdings in Alphabet were worth $6,006,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in GOOG. Russell Investments Group Ltd. purchased a new stake in Alphabet during the fourth quarter worth approximately $612,676,000. Asset Management One Co. Ltd. boosted its stake in Alphabet by 696.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 562,109 shares of the information services provider’s stock worth $434,371,000 after buying an additional 491,509 shares during the period. State Street Corp boosted its stake in Alphabet by 2.5% in the fourth quarter. State Street Corp now owns 12,030,811 shares of the information services provider’s stock worth $9,285,625,000 after buying an additional 290,691 shares during the period. Wells Fargo & Company MN boosted its stake in Alphabet by 13.8% in the third quarter. Wells Fargo & Company MN now owns 2,360,951 shares of the information services provider’s stock worth $1,835,145,000 after buying an additional 285,410 shares during the period. Finally, Bank of Montreal Can boosted its stake in Alphabet by 17.2% in the third quarter. Bank of Montreal Can now owns 1,571,447 shares of the information services provider’s stock worth $1,221,471,000 after buying an additional 230,631 shares during the period. 34.74% of the stock is owned by institutional investors.
Alphabet Inc (NASDAQ:GOOG) traded up 0.051% on Friday, reaching $842.075. 187,708 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $833.04 and its 200 day moving average price is $802.56. Alphabet Inc has a 52-week low of $663.28 and a 52-week high of $853.50. The firm has a market capitalization of $582.23 billion, a PE ratio of 30.207 and a beta of 0.94.
Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, January 26th. The information services provider reported $9.36 EPS for the quarter, missing analysts’ consensus estimates of $9.67 by $0.31. Alphabet had a return on equity of 14.85% and a net margin of 21.58%. The business had revenue of $26.04 billion for the quarter, compared to the consensus estimate of $25.18 billion. During the same period in the prior year, the business posted $8.67 earnings per share. Alphabet’s revenue was up 22.2% compared to the same quarter last year. On average, analysts predict that Alphabet Inc will post $33.26 EPS for the current fiscal year.
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GOOG has been the topic of several recent research reports. Jefferies Group LLC restated a “buy” rating and issued a $1,000.00 price target on shares of Alphabet in a research report on Friday, December 23rd. Royal Bank of Canada set a $880.00 target price on Alphabet and gave the company a “buy” rating in a research note on Monday, December 26th. Goldman Sachs Group Inc reissued a “buy” rating and set a $970.00 price target on shares of Alphabet in a research note on Thursday, December 29th. Citigroup Inc increased their price target on Alphabet from $910.00 to $975.00 and gave the stock a “buy” rating in a research note on Tuesday, January 3rd. Finally, Vetr lowered Alphabet from a “buy” rating to a “hold” rating and set a $810.65 price target on the stock. in a research note on Tuesday, January 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and forty-two have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $956.36.
In other Alphabet news, SVP David C. Drummond sold 2,000 shares of the firm’s stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $852.42, for a total value of $1,704,840.00. Following the transaction, the senior vice president now directly owns 5,800 shares of the company’s stock, valued at approximately $4,944,036. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, April 19th. The shares were sold at an average price of $841.50, for a total transaction of $3,366,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,976 shares in the company, valued at $1,662,804. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 281,688 shares of company stock worth $229,255,327. 13.92% of the stock is owned by insiders.
Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.
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