DAGCO Inc. Sells 25 Shares of Alphabet Inc. (NASDAQ:GOOG)


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DAGCO Inc. reduced its stake in Alphabet Inc. (NASDAQ:GOOG) by 6.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 372 shares of the information services provider’s stock after selling 25 shares during the period. DAGCO Inc.’s holdings in Alphabet were worth $769,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of Alphabet during the 4th quarter valued at approximately $2,118,088,000. Cibc World Markets Corp increased its stake in shares of Alphabet by 537.3% in the 4th quarter. Cibc World Markets Corp now owns 725,784 shares of the information services provider’s stock valued at $1,271,486,000 after acquiring an additional 611,904 shares in the last quarter. Egerton Capital UK LLP increased its stake in shares of Alphabet by 85.6% in the 4th quarter. Egerton Capital UK LLP now owns 675,668 shares of the information services provider’s stock valued at $1,183,689,000 after acquiring an additional 311,706 shares in the last quarter. Clarus Group Inc. increased its stake in Alphabet by 57,108.2% during the 1st quarter. Clarus Group Inc. now owns 250,000 shares of the information services provider’s stock valued at $1,122,000 after purchasing an additional 249,563 shares in the last quarter. Finally, Sanders Capital LLC increased its stake in Alphabet by 11.6% during the 4th quarter. Sanders Capital LLC now owns 1,526,442 shares of the information services provider’s stock valued at $2,866,248,000 after purchasing an additional 158,383 shares in the last quarter. Institutional investors own 31.94% of the company’s stock.

Shares of NASDAQ GOOG traded down $52.68 during midday trading on Tuesday, reaching $2,342.49. 23,329 shares of the stock traded hands, compared to its average volume of 1,562,912. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.41 and a quick ratio of 3.39. The stock has a market capitalization of $1.58 trillion, a PE ratio of 46.28, a P/E/G ratio of 1.66 and a beta of 0.98. Alphabet Inc. has a one year low of $1,299.00 and a one year high of $2,452.38. The company’s 50 day moving average is $2,201.27 and its 200 day moving average is $1,928.06.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Monday, April 26th. The information services provider reported $26.29 EPS for the quarter, beating analysts’ consensus estimates of $15.74 by $10.55. Alphabet had a return on equity of 17.31% and a net margin of 20.80%. The firm had revenue of $55.30 billion during the quarter, compared to the consensus estimate of $51.40 billion. During the same period in the prior year, the company earned $9.87 EPS. The company’s quarterly revenue was up 34.4% compared to the same quarter last year. As a group, equities analysts forecast that Alphabet Inc. will post 52.19 EPS for the current year.

In related news, CEO Sundar Pichai sold 3,000 shares of the 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 sale, the chief executive officer now owns 6,757 shares in the company, valued at approximately $13,976,854.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 30 shares of the stock in a transaction on Monday, April 5th. The shares were sold at an average price of $2,152.94, for a total value of $64,588.20. Following the sale, the chief accounting officer now owns 966 shares in the company, valued at approximately $2,079,740.04. The disclosure for this sale can be found here. Insiders have sold a total of 20,131 shares of company stock worth $43,393,845 in the last 90 days. 12.99% of the stock is currently owned by insiders.

GOOG has been the topic of several recent research reports. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Alphabet in a report on Wednesday, April 28th. Credit Suisse Group lifted their target price on shares of Alphabet from $2,500.00 to $2,755.00 and gave the company an “outperform” rating in a research report on Tuesday. Wedbush assumed coverage on shares of Alphabet in a research report on Wednesday, April 14th. They set an “outperform” rating and a $2,953.00 target price for the company. UBS Group reiterated a “buy” rating on shares of Alphabet in a research report on Wednesday, April 28th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Alphabet from $2,600.00 to $3,050.00 and gave the stock a “buy” rating in a research note on Wednesday, April 28th. One research analyst has rated the stock with a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. Alphabet has an average rating of “Buy” and an average price target of $2,495.63.

Alphabet Company Profile

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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