Waldron Private Wealth LLC decreased its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 5.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,069 shares of the information services provider’s stock after selling 129 shares during the period. Alphabet accounts for 0.5% of Waldron Private Wealth LLC’s investment portfolio, making the stock its 25th biggest position. Waldron Private Wealth LLC’s holdings in Alphabet were worth $2,308,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. HC Financial Advisors Inc. purchased a new stake in shares of Alphabet in the fourth quarter valued at $1,156,000. Wade G W & Inc. grew its holdings in Alphabet by 5.2% in the 1st quarter. Wade G W & Inc. now owns 2,226 shares of the information services provider’s stock valued at $2,297,000 after buying an additional 110 shares during the period. REDW Stanley Financial Advisors LLC grew its holdings in Alphabet by 381.8% in the 1st quarter. REDW Stanley Financial Advisors LLC now owns 1,007 shares of the information services provider’s stock valued at $1,039,000 after buying an additional 798 shares during the period. Eagle Global Advisors LLC grew its holdings in Alphabet by 0.9% in the 1st quarter. Eagle Global Advisors LLC now owns 13,259 shares of the information services provider’s stock valued at $13,681,000 after buying an additional 112 shares during the period. Finally, Aspiriant LLC purchased a new stake in Alphabet in the 1st quarter valued at about $2,786,000. Hedge funds and other institutional investors own 34.19% of the company’s stock.
Several analysts have commented on GOOG shares. Morgan Stanley restated a “buy” rating on shares of Alphabet in a report on Thursday, June 28th. Societe Generale restated a “buy” rating on shares of Alphabet in a report on Friday, July 6th. Royal Bank of Canada restated a “buy” rating on shares of Alphabet in a report on Tuesday, July 10th. Nomura restated a “buy” rating on shares of Alphabet in a report on Wednesday, July 11th. Finally, Cowen boosted their target price on shares of Alphabet from $1,245.00 to $1,350.00 and gave the company an “outperform” rating in a report on Friday, July 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-nine have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $1,326.94.
GOOG opened at $1,095.57 on Friday. The company has a quick ratio of 4.13, a current ratio of 4.15 and a debt-to-equity ratio of 0.02. Alphabet Inc has a 52-week low of $972.20 and a 52-week high of $1,273.89. The company has a market cap of $766.35 billion, a price-to-earnings ratio of 26.89 and a beta of 1.11.
Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Monday, July 23rd. The information services provider reported $11.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.66 by $2.09. Alphabet had a net margin of 13.16% and a return on equity of 18.24%. The company had revenue of $32.66 billion during the quarter, compared to the consensus estimate of $32.13 billion. During the same period in the previous year, the firm earned $5.01 earnings per share. Alphabet’s revenue for the quarter was up 25.6% on a year-over-year basis.
Alphabet Company Profile
Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.
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