M Holdings Securities Inc. boosted its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,549 shares of the information services provider’s stock after buying an additional 3 shares during the period. M Holdings Securities Inc.’s holdings in Alphabet were worth $1,285,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the stock. Farmers National Bank boosted its position in shares of 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 buying an additional 21 shares in the last quarter. Feltz Wealth PLAN Inc. acquired a new position in shares of Alphabet during the first quarter valued at approximately $170,000. Pinnacle Bank acquired a new position in shares of Alphabet during the first quarter valued at approximately $181,000. Palo Capital Inc. acquired a new position in shares of Alphabet during the first quarter valued at approximately $202,000. Finally, BTC Capital Management Inc. acquired a new position in shares of Alphabet during the first quarter valued at approximately $209,000. 34.57% of the stock is currently owned by institutional investors.
Alphabet Inc. (GOOG) traded up 1.570% on Tuesday, reaching $920.895. 498,912 shares of the company’s stock traded hands. The stock has a market capitalization of $638.07 billion, a price-to-earnings ratio of 33.374 and a beta of 0.94. The firm has a 50-day moving average price of $933.46 and a 200-day moving average price of $894.69. Alphabet Inc. has a 52 week low of $727.54 and a 52 week high of $988.25.
Alphabet (NASDAQ:GOOG) last announced its earnings results on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, beating analysts’ consensus estimates of $4.43 by $0.58. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The company had revenue of $26.01 billion during the quarter, compared to analysts’ expectations of $25.61 billion. During the same period last year, the business posted $8.42 EPS. Alphabet’s revenue for the quarter was up 21.0% on a year-over-year basis. On average, analysts predict that Alphabet Inc. will post $30.60 earnings per share for the current year.
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Several research analysts have recently commented on the stock. UBS AG reaffirmed a “buy” rating and set a $1,050.00 target price (up from $980.00) on shares of Alphabet in a report on Friday, April 28th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $1,050.00 target price on shares of Alphabet in a report on Wednesday, August 9th. MKM Partners reaffirmed a “buy” rating and set a $1,210.00 target price (up from $1,170.00) on shares of Alphabet in a report on Thursday, August 10th. BidaskClub cut shares of Alphabet from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. Finally, Moffett Nathanson reiterated a “buy” rating on shares of Alphabet in a research report on Friday, June 9th. One equities 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. The company currently has an average rating of “Buy” and a consensus price target of $1,030.56.
In other news, CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $903.86, for a total value of $3,615,440.00. Following the completion of the transaction, the chief executive officer now owns 1,911 shares in the company, valued at approximately $1,727,276.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP James Grier Campbell sold 183 shares of Alphabet stock in a transaction dated Thursday, June 1st. The shares were 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. Insiders have sold a total of 47,169 shares of company stock valued at $44,206,482 over the last 90 days. 13.92% of the stock is currently owned by company insiders.
About Alphabet
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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