Baker Ellis Asset Management LLC Has $6.78 Million Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Baker Ellis Asset Management LLC raised its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 4.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,275 shares of the information services provider’s stock after purchasing an additional 130 shares during the quarter. Alphabet accounts for 1.5% of Baker Ellis Asset Management LLC’s portfolio, making the stock its 13th largest holding. Baker Ellis Asset Management LLC’s holdings in Alphabet were worth $6,775,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale boosted its holdings in Alphabet by 4.7% during the first quarter. DekaBank Deutsche Girozentrale now owns 64,981 shares of the information services provider’s stock valued at $133,930,000 after purchasing an additional 2,934 shares in the last quarter. Wilkinson Global Asset Management LLC acquired a new stake in Alphabet during the first quarter valued at approximately $633,000. Crestone Asset Management LLC boosted its holdings in Alphabet by 1.3% during the first quarter. Crestone Asset Management LLC now owns 456 shares of the information services provider’s stock valued at $943,000 after purchasing an additional 6 shares in the last quarter. Howland Capital Management LLC boosted its holdings in Alphabet by 4.3% during the first quarter. Howland Capital Management LLC now owns 1,270 shares of the information services provider’s stock valued at $2,627,000 after purchasing an additional 52 shares in the last quarter. Finally, McLean Asset Management Corp boosted its holdings in Alphabet by 3.0% during the first quarter. McLean Asset Management Corp now owns 338 shares of the information services provider’s stock valued at $779,000 after purchasing an additional 10 shares in the last quarter. 31.94% of the stock is currently owned by institutional investors.

Several research analysts have recently commented on GOOG shares. Wedbush started coverage on Alphabet in a report on Wednesday, April 14th. They issued an “outperform” rating and a $2,953.00 target price on the stock. The Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a report on Wednesday, February 3rd. JPMorgan Chase & Co. reissued a “buy” rating on shares of Alphabet in a report on Wednesday, April 28th. Deutsche Bank Aktiengesellschaft boosted their target price on Alphabet from $2,600.00 to $3,050.00 and gave the stock a “buy” rating in a report on Wednesday, April 28th. Finally, Wolfe Research started coverage on Alphabet in a report on Wednesday, March 31st. They issued an “outperform” rating and a $2,450.00 target price on the stock. One investment analyst has rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. Alphabet currently has a consensus rating of “Buy” and a consensus target price of $2,495.63.

GOOG opened at $2,395.17 on Tuesday. The company has a quick ratio of 3.39, a current ratio of 3.41 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a 12 month low of $1,299.00 and a 12 month high of $2,452.38. The company has a fifty day simple moving average of $2,201.27 and a 200 day simple moving average of $1,928.06. The stock has a market cap of $1.61 trillion, a P/E ratio of 46.28, a P/E/G ratio of 1.66 and a beta of 0.98.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Monday, April 26th. The information services provider reported $26.29 EPS for the quarter, beating the Zacks’ consensus estimate of $15.74 by $10.55. Alphabet had a net margin of 20.80% and a return on equity of 17.31%. The business had revenue of $55.30 billion during the quarter, compared to analysts’ expectations of $51.40 billion. During the same quarter in the prior year, the company earned $9.87 EPS. The firm’s quarterly revenue was up 34.4% on a year-over-year basis. On average, equities research analysts expect that Alphabet Inc. will post 52.19 earnings per share for the current fiscal year.

In related news, Director Ann Mather sold 27 shares of the company’s stock in a transaction on Monday, May 3rd. The shares were sold at an average price of $2,402.16, for a total value of $64,858.32. Following the completion of the transaction, the director now directly owns 462 shares of the company’s stock, valued at approximately $1,109,797.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Sundar Pichai sold 3,000 shares of the company’s stock in a transaction on Wednesday, March 3rd. The stock was sold at an average price of $2,068.50, for a total transaction of $6,205,500.00. Following the completion of the transaction, the chief executive officer now directly owns 6,757 shares of the company’s stock, valued at $13,976,854.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,131 shares of company stock valued at $43,393,845. 12.99% of the stock is owned by corporate insiders.

About Alphabet

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

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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