Woodstock Corp Has $13.61 Million Holdings in Alphabet Inc (NASDAQ:GOOG)

Woodstock Corp boosted its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 0.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,630 shares of the information services provider’s stock after buying an additional 38 shares during the period. Alphabet accounts for about 2.3% of Woodstock Corp’s investment portfolio, making the stock its 7th biggest holding. Woodstock Corp’s holdings in Alphabet were worth $13,613,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Cim LLC lifted its stake in Alphabet by 0.9% in the 4th quarter. Cim LLC now owns 808 shares of the information services provider’s stock worth $1,080,000 after acquiring an additional 7 shares in the last quarter. JGP Wealth Management LLC increased its holdings in shares of Alphabet by 4.8% in the 1st quarter. JGP Wealth Management LLC now owns 173 shares of the information services provider’s stock valued at $209,000 after purchasing an additional 8 shares during the period. Harvest Group Wealth Management LLC increased its holdings in shares of Alphabet by 7.0% in the 1st quarter. Harvest Group Wealth Management LLC now owns 122 shares of the information services provider’s stock valued at $141,000 after purchasing an additional 8 shares during the period. Legacy Bridge LLC lifted its position in shares of Alphabet by 1.1% in the first quarter. Legacy Bridge LLC now owns 735 shares of the information services provider’s stock worth $855,000 after purchasing an additional 8 shares in the last quarter. Finally, Holistic Financial Partners boosted its holdings in shares of Alphabet by 4.7% during the first quarter. Holistic Financial Partners now owns 178 shares of the information services provider’s stock worth $207,000 after purchasing an additional 8 shares during the period. 33.00% of the stock is currently owned by institutional investors.

In other Alphabet news, Director John L. Hennessy sold 60 shares of the stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $1,363.61, for a total transaction of $81,816.60. Following the completion of the transaction, the director now directly owns 592 shares in the company, valued at $807,257.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ann Mather sold 32 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $1,418.39, for a total transaction of $45,388.48. Following the completion of the sale, the director now owns 1,119 shares in the company, valued at approximately $1,587,178.41. The disclosure for this sale can be found here. Insiders have sold a total of 182 shares of company stock valued at $253,151 over the last ninety days. 12.99% of the stock is owned by insiders.

A number of equities research analysts have issued reports on the stock. BidaskClub upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a research report on Thursday, June 25th. UBS Group increased their price objective on Alphabet from $1,530.00 to $1,600.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Oppenheimer reduced their price objective on Alphabet from $1,465.00 to $1,445.00 and set an “outperform” rating for the company in a research report on Friday, April 17th. Susquehanna Bancshares upped their target price on Alphabet from $1,550.00 to $1,800.00 in a research report on Wednesday, April 29th. Finally, Credit Suisse Group reduced their price target on Alphabet from $1,700.00 to $1,500.00 and set an “outperform” rating for the company in a report on Monday, April 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. Alphabet has an average rating of “Buy” and a consensus price target of $1,580.52.

Shares of GOOG stock traded up $3.98 during mid-day trading on Tuesday, reaching $1,499.68. The stock had a trading volume of 67,847 shares, compared to its average volume of 1,774,707. Alphabet Inc has a one year low of $1,013.54 and a one year high of $1,532.11. The firm has a market cap of $1,032.74 billion, a PE ratio of 30.38, a P/E/G ratio of 2.21 and a beta of 1.05. The firm’s 50 day simple moving average is $1,423.73 and its 200 day simple moving average is $1,357.30. The company has a quick ratio of 3.64, a current ratio of 3.66 and a debt-to-equity ratio of 0.08.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Tuesday, April 28th. The information services provider reported $9.87 EPS for the quarter, missing the consensus estimate of $11.27 by ($1.40). The firm had revenue of $41.16 billion during the quarter, compared to the consensus estimate of $40.29 billion. Alphabet had a return on equity of 17.43% and a net margin of 20.71%. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last year, the business earned $9.50 earnings per share. Sell-side analysts forecast that Alphabet Inc will post 41.23 earnings per share for the current fiscal year.

Alphabet Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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