TRH Financial LLC boosted its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 44.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 936 shares of the information services provider’s stock after buying an additional 289 shares during the period. TRH Financial LLC’s holdings in Alphabet were worth $1,376,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Virtus ETF Advisers LLC bought a new stake in Alphabet during the second quarter valued at $38,000. Campbell Wealth Management bought a new stake in Alphabet during the second quarter worth about $41,000. Islay Capital Management LLC lifted its stake in Alphabet by 40.0% during the second quarter. Islay Capital Management LLC now owns 35 shares of the information services provider’s stock worth $49,000 after purchasing an additional 10 shares during the last quarter. Prestige Wealth Management Group LLC lifted its stake in Alphabet by 1,700.0% during the first quarter. Prestige Wealth Management Group LLC now owns 36 shares of the information services provider’s stock worth $42,000 after purchasing an additional 34 shares during the last quarter. Finally, Cedar Mountain Advisors LLC lifted its stake in Alphabet by 34.4% during the second quarter. Cedar Mountain Advisors LLC now owns 43 shares of the information services provider’s stock worth $61,000 after purchasing an additional 11 shares during the last quarter. 32.42% of the stock is owned by institutional investors.
GOOG stock opened at $1,573.01 on Friday. Alphabet Inc has a fifty-two week low of $1,013.54 and a fifty-two week high of $1,733.18. The business’s 50 day moving average price is $1,525.61 and its two-hundred day moving average price is $1,436.75. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.40 and a current ratio of 3.41. The company has a market capitalization of $1,069.90 billion, a price-to-earnings ratio of 34.59, a price-to-earnings-growth ratio of 2.16 and a beta of 1.10.
Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, July 30th. The information services provider reported $10.13 earnings per share for the quarter, topping analysts’ consensus estimates of $8.43 by $1.70. Alphabet had a return on equity of 15.62% and a net margin of 18.99%. The firm had revenue of $31.60 billion for the quarter, compared to the consensus estimate of $30.58 billion. Sell-side analysts forecast that Alphabet Inc will post 44.84 earnings per share for the current year.
In other news, Director Ann Mather sold 22 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $1,484.27, for a total value of $32,653.94. Following the sale, the director now directly owns 1,134 shares of the company’s stock, valued at approximately $1,683,162.18. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John L. Hennessy sold 60 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $1,538.29, for a total value of $92,297.40. Following the completion of the sale, the director now directly owns 517 shares in the company, valued at $795,295.93. The disclosure for this sale can be found here. Insiders have sold a total of 142 shares of company stock worth $213,357 in the last quarter. Company insiders own 12.99% of the company’s stock.
Several equities research analysts have issued reports on the company. Robert W. Baird lifted their price target on Alphabet from $1,650.00 to $1,675.00 in a research note on Friday, July 31st. Goldman Sachs Group reaffirmed a “buy” rating on shares of Alphabet in a research note on Friday, July 31st. Oppenheimer lifted their price objective on Alphabet from $1,445.00 to $1,685.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft lifted their price objective on Alphabet from $1,975.00 to $2,020.00 and gave the stock a “buy” rating in a report on Monday, October 12th. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Alphabet in a report on Friday, July 31st. Four equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $1,703.33.
Alphabet Company 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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