Nottingham Advisors Inc. continued to hold its stake in Alphabet Inc. (NASDAQ:GOOG) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 807 shares of the information services provider’s stock at the end of the first quarter. Nottingham Advisors Inc.’s holdings in Alphabet were worth $669,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in GOOG. Freestone Capital Holdings LLC acquired a new stake in Alphabet during the fourth quarter valued at about $240,000. Bienville Capital Management LLC increased its stake in Alphabet by 8.1% in the fourth quarter. Bienville Capital Management LLC now owns 868 shares of the information services provider’s stock valued at $670,000 after buying an additional 65 shares in the last quarter. Discovery Capital Management LLC CT acquired a new stake in Alphabet during the fourth quarter valued at about $104,744,000. Quest Investment Management Inc. OR increased its stake in Alphabet by 4.9% in the fourth quarter. Quest Investment Management Inc. OR now owns 30,217 shares of the information services provider’s stock valued at $23,322,000 after buying an additional 1,423 shares in the last quarter. Finally, Moloney Securities Asset Management LLC acquired a new stake in Alphabet during the fourth quarter valued at about $670,000. Hedge funds and other institutional investors own 34.57% of the company’s stock.
Shares of Alphabet Inc. (NASDAQ:GOOG) opened at 910.67 on Friday. Alphabet Inc. has a one year low of $727.54 and a one year high of $988.25. The firm has a market capitalization of $630.98 billion, a P/E ratio of 33.00 and a beta of 0.94. The firm has a 50-day moving average of $933.52 and a 200-day moving average of $892.51.
Alphabet (NASDAQ:GOOG) last announced its earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.43 by $0.58. The company had revenue of $26.01 billion during the quarter, compared to analyst estimates of $25.61 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The firm’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same period last year, the company posted $8.42 earnings per share. On average, equities analysts predict that Alphabet Inc. will post $30.60 earnings per share for the current fiscal year.
Several equities research analysts have issued reports on GOOG shares. Citigroup Inc. reiterated a “buy” rating and set a $1,180.00 price objective on shares of Alphabet in a research note on Thursday, July 27th. Deutsche Bank AG reiterated a “buy” rating on shares of Alphabet in a research note on Monday, June 12th. Vetr upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $995.83 price objective for the company in a research note on Monday, June 26th. Instinet reiterated a “buy” rating and set a $925.00 price objective on shares of Alphabet in a research note on Wednesday, April 26th. Finally, Cantor Fitzgerald reiterated a “buy” rating on shares of Alphabet in a research note on Friday, April 28th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and forty have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $1,030.56.
In related news, CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $981.45, for a total value of $3,925,800.00. Following the completion of the sale, the chief executive officer now directly owns 2,058 shares in the company, valued at $2,019,824.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP James Grier Campbell sold 183 shares of Alphabet stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $968.95, for a total value of $177,317.85. The disclosure for this sale can be found here. Over the last quarter, insiders sold 47,169 shares of company stock valued at $44,206,482. Corporate insiders own 13.92% of the company’s stock.
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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