Boltwood Capital Management held its stake in shares of Alphabet Inc. (NASDAQ:GOOG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 480 shares of the information services provider’s stock at the close of the second quarter. Boltwood Capital Management’s holdings in Alphabet were worth $436,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of GOOG. TNB Financial acquired a new position in shares of Alphabet in the 1st quarter valued at approximately $11,222,000. Verde Servicos Internacionais S.A. grew its position in shares of Alphabet by 36.2% in the 1st quarter. Verde Servicos Internacionais S.A. now owns 26,964 shares of the information services provider’s stock valued at $22,368,000 after purchasing an additional 7,169 shares during the period. Horan Capital Management grew its position in shares of Alphabet by 7.4% in the 1st quarter. Horan Capital Management now owns 26,136 shares of the information services provider’s stock valued at $21,681,000 after purchasing an additional 1,807 shares during the period. Honkamp Krueger Financial Services Inc. grew its position in shares of Alphabet by 8.8% in the 1st quarter. Honkamp Krueger Financial Services Inc. now owns 1,202 shares of the information services provider’s stock valued at $997,000 after purchasing an additional 97 shares during the period. Finally, Hall Laurie J Trustee grew its position in shares of Alphabet by 1.6% in the 1st quarter. Hall Laurie J Trustee now owns 2,243 shares of the information services provider’s stock valued at $1,865,000 after purchasing an additional 35 shares during the period. Institutional investors and hedge funds own 34.52% of the company’s stock.
Alphabet Inc. (NASDAQ GOOG) traded down 0.22% during mid-day trading on Monday, reaching $918.25. The company had a trading volume of 474,915 shares. The stock has a 50 day moving average price of $925.04 and a 200-day moving average price of $907.53. The stock has a market capitalization of $636.24 billion, a P/E ratio of 33.28 and a beta of 0.94. Alphabet Inc. has a 12-month low of $727.54 and a 12-month high of $988.25.
Alphabet (NASDAQ:GOOG) last posted its earnings results on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.43 by $0.58. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The business had revenue of $26.01 billion during the quarter, compared to analysts’ expectations of $25.61 billion. During the same period in the previous year, the business earned $8.42 earnings per share. The firm’s revenue was up 21.0% on a year-over-year basis. Equities analysts anticipate that Alphabet Inc. will post $30.59 EPS for the current fiscal year.
GOOG has been the subject of several research analyst reports. Moffett Nathanson reiterated a “buy” rating on shares of Alphabet in a research report on Friday, June 9th. Instinet restated a “buy” rating on shares of Alphabet in a research note on Friday, June 2nd. Morgan Stanley restated a “buy” rating on shares of Alphabet in a research note on Monday, May 29th. Wells Fargo & Company restated a “buy” rating on shares of Alphabet in a research note on Monday, May 29th. Finally, Deutsche Bank AG restated a “buy” rating on shares of Alphabet in a research note on Monday, May 29th. One analyst has rated the stock with a sell rating, six have given a hold rating and forty-one have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $1,031.14.
In related news, VP James Grier Campbell sold 183 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $911.16, for a total transaction of $166,742.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $969.92, for a total value of $3,879,680.00. Following the transaction, the chief executive officer now owns 1,536 shares of the company’s stock, valued at $1,489,797.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,680 shares of company stock valued at $43,521,363. 13.92% of the stock is owned by company insiders.
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Alphabet Company Profile
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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