215 Shares in Alphabet Inc (GOOG) Purchased by Geller Family Office Services LLC

Geller Family Office Services LLC purchased a new position in shares of Alphabet Inc (NASDAQ:GOOG) during the third quarter, Holdings Channel reports. The firm purchased 215 shares of the information services provider’s stock, valued at approximately $206,000. Alphabet comprises 0.1% of Geller Family Office Services LLC’s portfolio, making the stock its 29th biggest position.

Several other institutional investors have also recently modified their holdings of GOOG. Burt Wealth Advisors grew its position in Alphabet by 17.2% during the second quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock worth $123,000 after buying an additional 20 shares during the period. Signature Estate & Investment Advisors LLC grew its position in Alphabet by 3.8% during the second quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock worth $124,000 after buying an additional 5 shares during the period. Archford Capital Strategies LLC grew its position in Alphabet by 400.0% during the second quarter. Archford Capital Strategies LLC now owns 1,040 shares of the information services provider’s stock worth $139,000 after buying an additional 832 shares during the period. Almanack Investment Partners LLC. grew its position in Alphabet by 4.5% during the second quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock worth $147,000 after buying an additional 7 shares during the period. Finally, Catamount Wealth Management grew its position in Alphabet by 5.8% during the second quarter. Catamount Wealth Management now owns 182 shares of the information services provider’s stock worth $165,000 after buying an additional 10 shares during the period. Institutional investors and hedge funds own 34.46% of the company’s stock.

Alphabet Inc (GOOG) opened at $1,094.80 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.11 and a current ratio of 5.14. The stock has a market cap of $760,648.50, a P/E ratio of 34.20 and a beta of 1.01. Alphabet Inc has a one year low of $803.37 and a one year high of $1,186.89.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, February 1st. The information services provider reported $9.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.07 by ($0.37). The firm had revenue of $32.32 billion for the quarter, compared to analysts’ expectations of $31.88 billion. Alphabet had a net margin of 11.42% and a return on equity of 14.94%. The business’s quarterly revenue was up 24.0% on a year-over-year basis. During the same period in the previous year, the company posted $9.36 EPS.

Alphabet declared that its board has authorized a share buyback program on Thursday, February 1st that authorizes the company to buyback $8.59 billion in outstanding shares. This buyback authorization authorizes the information services provider to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

GOOG has been the topic of several recent analyst reports. Morgan Stanley restated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Royal Bank of Canada restated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. SunTrust Banks upped their target price on shares of Alphabet to $1,250.00 and gave the stock a “buy” rating in a research report on Friday, January 12th. Stifel Nicolaus restated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Finally, Deutsche Bank restated a “buy” rating on shares of Alphabet in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirty-six have assigned a buy rating to the stock. Alphabet presently has a consensus rating of “Buy” and an average target price of $1,064.49.

In other Alphabet news, VP James Grier Campbell sold 184 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $1,012.66, for a total transaction of $186,329.44. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director L John Doerr sold 11,575 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $1,079.99, for a total transaction of $12,500,884.25. Following the transaction, the director now directly owns 3,485 shares in the company, valued at approximately $3,763,765.15. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 39,010 shares of company stock worth $41,531,496. 13.92% of the stock is currently owned by insiders.

COPYRIGHT VIOLATION NOTICE: “215 Shares in Alphabet Inc (GOOG) Purchased by Geller Family Office Services LLC” was published by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.thelincolnianonline.com/2018/02/18/215-shares-in-alphabet-inc-goog-purchased-by-geller-family-office-services-llc.html.

About Alphabet

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.

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc (NASDAQ:GOOG).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply