American National Insurance Co. TX held its stake in Alphabet Inc. (NASDAQ:GOOG) during the first quarter, according to its most recent filing with the SEC. The fund owned 25,467 shares of the information services provider’s stock at the end of the first quarter. Alphabet comprises 1.2% of American National Insurance Co. TX’s holdings, making the stock its 15th largest position. American National Insurance Co. TX’s holdings in Alphabet were worth $21,126,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the stock. Bank of Montreal Can increased its stake in Alphabet by 12.0% in the first quarter. Bank of Montreal Can now owns 1,692,542 shares of the information services provider’s stock valued at $1,404,065,000 after buying an additional 181,085 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Alphabet by 12.0% in the first quarter. Russell Investments Group Ltd. now owns 876,999 shares of the information services provider’s stock valued at $727,645,000 after buying an additional 94,111 shares during the last quarter. C WorldWide Group Holding A S increased its stake in Alphabet by 11.4% in the first quarter. C WorldWide Group Holding A S now owns 491,269 shares of the information services provider’s stock valued at $407,537,000 after buying an additional 50,375 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Alphabet by 8.9% in the first quarter. Canada Pension Plan Investment Board now owns 404,951 shares of the information services provider’s stock valued at $335,931,000 after buying an additional 33,100 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its stake in Alphabet by 3.4% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 303,538 shares of the information services provider’s stock valued at $251,801,000 after buying an additional 10,082 shares during the last quarter. 34.57% of the stock is owned by institutional investors and hedge funds.
Shares of Alphabet Inc. (GOOG) traded down 0.59% on Friday, hitting $915.89. The company’s stock had a trading volume of 1,053,376 shares. The stock’s 50 day moving average is $934.52 and its 200-day moving average is $896.81. The company has a market cap of $634.60 billion, a price-to-earnings ratio of 33.19 and a beta of 0.94. Alphabet Inc. has a 52 week low of $727.54 and a 52 week high of $988.25.
Alphabet (NASDAQ:GOOG) last released its earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, beating analysts’ consensus estimates of $4.43 by $0.58. The business had revenue of $26.01 billion during the quarter, compared to the consensus estimate of $25.61 billion. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The firm’s revenue for the quarter was up 21.0% compared to the same quarter last year. During the same quarter last year, the firm earned $8.42 earnings per share. On average, equities research analysts anticipate that Alphabet Inc. will post $30.60 earnings per share for the current year.
TRADEMARK VIOLATION NOTICE: “Alphabet Inc. (GOOG) Position Maintained by American National Insurance Co. TX” was posted by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece on another website, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The correct version of this piece can be read at https://stocknewstimes.com/2017/08/27/alphabet-inc-goog-position-maintained-by-american-national-insurance-co-tx.html.
Several analysts have recently weighed in on GOOG shares. MKM Partners reissued a “buy” rating and issued a $1,170.00 target price on shares of Alphabet in a report on Wednesday, June 28th. Morgan Stanley reissued a “buy” rating on shares of Alphabet in a report on Monday, May 29th. Nomura reissued a “buy” rating and issued a $985.00 target price on shares of Alphabet in a report on Monday, May 1st. Cowen and Company reissued an “outperform” rating and issued a $1,075.00 target price on shares of Alphabet in a report on Thursday, August 10th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $1,050.00 target price on shares of Alphabet in a report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, six have issued 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 price target of $1,030.47.
In related news, VP James Grier Campbell sold 183 shares of the firm’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $968.95, for a total value of $177,317.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $981.45, for a total transaction of $3,925,800.00. Following the completion of the transaction, the chief executive officer now directly owns 2,058 shares of the company’s stock, valued at approximately $2,019,824.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,169 shares of company stock valued at $44,206,482. 13.92% of the stock is owned by 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.
Receive News & Ratings for Alphabet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
