Livforsakringsbolaget Skandia Omsesidigt maintained its stake in shares of Alphabet Inc. (NASDAQ:GOOG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,660 shares of the information services provider’s stock at the close of the 2nd quarter. Alphabet accounts for about 1.0% of Livforsakringsbolaget Skandia Omsesidigt’s portfolio, making the stock its 21st largest position. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Alphabet were worth $10,596,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Farmers National Bank lifted its position in Alphabet by 15.0% in the first quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock valued at $134,000 after purchasing an additional 21 shares during the last quarter. Feltz Wealth PLAN Inc. bought a new stake in Alphabet in the first quarter valued at approximately $170,000. Pinnacle Bank bought a new stake in Alphabet in the first quarter valued at approximately $181,000. Palo Capital Inc. bought a new stake in Alphabet in the first quarter valued at approximately $202,000. Finally, Bath Savings Trust Co bought a new stake in Alphabet in the second quarter valued at approximately $226,000. Hedge funds and other institutional investors own 34.55% of the company’s stock.
GOOG has been the subject of several recent research reports. Robert W. Baird reiterated an “outperform” rating and issued a $1,100.00 price objective on shares of Alphabet in a research report on Friday, May 19th. Piper Jaffray Companies reiterated an “overweight” rating on shares of Alphabet in a research report on Monday, May 22nd. Aegis reiterated a “buy” rating on shares of Alphabet in a research report on Monday, May 22nd. Deutsche Bank AG reiterated a “buy” rating on shares of Alphabet in a research report on Monday, May 22nd. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a price objective on shares of Alphabet in a research report on Tuesday, May 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and forty-one have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $1,031.14.
In other news, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $955.25, for a total value of $3,821,000.00. Following the sale, the chief executive officer now owns 1,683 shares in the company, valued at $1,607,685.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Shirley M. Tilghman sold 525 shares of the company’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $938.09, for a total value of $492,497.25. Following the completion of the sale, the director now owns 5,517 shares in the company, valued at approximately $5,175,442.53. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,680 shares of company stock worth $43,521,363. Company insiders own 13.92% of the company’s stock.
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Alphabet Inc. (NASDAQ GOOG) traded down 0.52% on Friday, hitting $920.29. The stock had a trading volume of 2,505,430 shares. Alphabet Inc. has a 52-week low of $727.54 and a 52-week high of $988.25. The company has a market cap of $637.65 billion, a price-to-earnings ratio of 33.35 and a beta of 0.94. The company has a 50 day moving average price of $925.04 and a 200-day moving average price of $907.53.
Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.43 by $0.58. The business had revenue of $26.01 billion for the quarter, compared to the consensus estimate of $25.61 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The company’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $8.42 EPS. On average, equities research analysts predict that Alphabet Inc. will post $30.59 earnings per share for the current year.
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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