Homrich & Berg boosted its position in shares of Alphabet Inc (NASDAQ:GOOG) by 14.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,128 shares of the information services provider’s stock after purchasing an additional 145 shares during the quarter. Homrich & Berg’s holdings in Alphabet were worth $1,346,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently made changes to their positions in the business. Ironwood Financial llc grew its position in shares of Alphabet by 111.1% in the 3rd quarter. Ironwood Financial llc now owns 95 shares of the information services provider’s stock valued at $113,000 after purchasing an additional 50 shares during the period. Patton Albertson Miller Group LLC acquired a new position in shares of Alphabet in the 3rd quarter valued at approximately $116,000. ELM Advisors LLC acquired a new position in shares of Alphabet in the 3rd quarter valued at approximately $138,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Alphabet in the 3rd quarter valued at approximately $161,000. Finally, Blackhawk Capital Partners LLC. grew its position in shares of Alphabet by 148.6% in the 2nd quarter. Blackhawk Capital Partners LLC. now owns 174 shares of the information services provider’s stock valued at $194,000 after purchasing an additional 104 shares during the period. 42.14% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have weighed in on the company. Goldman Sachs Group reaffirmed a “buy” rating on shares of Alphabet in a research report on Wednesday, February 6th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Alphabet in a research report on Tuesday, February 5th. UBS Group reiterated a “buy” rating on shares of Alphabet in a research report on Tuesday, February 5th. Deutsche Bank reiterated a “buy” rating and set a $1,380.00 price objective (up previously from $1,300.00) on shares of Alphabet in a research report on Tuesday, February 5th. Finally, Piper Jaffray Companies increased their price objective on Alphabet from $1,250.00 to $1,355.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty-nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $1,327.66.
GOOG opened at $1,095.06 on Monday. The firm has a market cap of $762.03 billion, a PE ratio of 23.05 and a beta of 1.06. Alphabet Inc has a 52-week low of $970.11 and a 52-week high of $1,273.89. The company has a current ratio of 3.92, a quick ratio of 3.89 and a debt-to-equity ratio of 0.02.
Alphabet (NASDAQ:GOOG) last released its earnings results on Monday, February 4th. The information services provider reported $12.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.86 by $1.91. The company had revenue of $39.28 billion for the quarter, compared to analyst estimates of $38.91 billion. Alphabet had a return on equity of 19.94% and a net margin of 22.47%. Alphabet’s quarterly revenue was up 21.5% on a year-over-year basis. During the same period in the prior year, the firm posted $9.70 EPS.
In related news, VP Amie Thuener O’toole sold 80 shares of the firm’s stock in a transaction dated Tuesday, December 4th. The stock was sold at an average price of $1,103.12, for a total value of $88,249.60. Following the sale, the vice president now directly owns 388 shares of the company’s stock, valued at $428,010.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ann Mather sold 40 shares of the firm’s stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $1,113.10, for a total value of $44,524.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,805 shares of company stock worth $77,449,341. 13.11% of the stock is currently owned by insiders.
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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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