Alphabet Inc. (GOOG) Position Maintained by HT Partners LLC
HT Partners LLC maintained its stake in Alphabet Inc. (NASDAQ:GOOG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 331 shares of the information services provider’s stock at the close of the 2nd quarter. Alphabet accounts for approximately 0.1% of HT Partners LLC’s investment portfolio, making the stock its 18th largest position. HT Partners LLC’s holdings in Alphabet were worth $301,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the company. Farmers National Bank raised its stake in Alphabet by 15.0% during the first quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock worth $134,000 after acquiring an additional 21 shares during the period. Feltz Wealth PLAN Inc. acquired a new stake in Alphabet during the first quarter worth about $170,000. Pinnacle Bank acquired a new stake in Alphabet during the first quarter worth about $181,000. Palo Capital Inc. acquired a new stake in Alphabet during the first quarter worth about $202,000. Finally, BTC Capital Management Inc. acquired a new stake in Alphabet during the first quarter worth about $209,000. Institutional investors and hedge funds own 34.55% of the company’s stock.
Alphabet Inc. (NASDAQ GOOG) traded down 0.52% during midday trading on Friday, reaching $920.29. 2,505,430 shares of the company’s stock were exchanged. The stock has a market cap of $637.65 billion, a P/E ratio of 33.35 and a beta of 0.94. Alphabet Inc. has a 1-year low of $727.54 and a 1-year high of $988.25. The firm’s 50-day moving average is $925.04 and its 200 day moving average is $907.53.
Alphabet (NASDAQ:GOOG) last announced its quarterly 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. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The firm had revenue of $26.01 billion for the quarter, compared to analyst estimates of $25.61 billion. During the same quarter in the previous year, the firm posted $8.42 earnings per share. The business’s revenue was up 21.0% on a year-over-year basis. Equities analysts anticipate that Alphabet Inc. will post $30.59 earnings per share for the current fiscal year.
In other news, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $955.25, for a total value of $3,821,000.00. Following the sale, the chief executive officer now owns 1,683 shares of the company’s stock, valued at $1,607,685.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP James Grier Campbell sold 183 shares of the business’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $911.16, for a total transaction of $166,742.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,680 shares of company stock worth $43,521,363. Insiders own 13.92% of the company’s stock.
Several research firms recently weighed in on GOOG. Royal Bank Of Canada reiterated an “outperform” rating and set a $1,050.00 price objective on shares of Alphabet in a research note on Monday, September 11th. UBS AG reiterated a “buy” rating and set a $1,080.00 price objective on shares of Alphabet in a research note on Monday, September 11th. Credit Suisse Group reiterated an “outperform” rating on shares of Alphabet in a research note on Thursday, August 31st. Vetr lowered shares of Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,033.60 price objective on the stock. in a research note on Wednesday, August 30th. Finally, Monness Crespi & Hardt reiterated a “buy” rating on shares of Alphabet in a research note on Saturday, August 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and forty-one have assigned a buy rating to the stock. Alphabet presently has an average rating of “Buy” and an average target price of $1,031.14.
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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