Bard Financial Services Inc. Has $6.78 Million Stock Holdings in Alphabet Inc. (NASDAQ:GOOG)

Bard Financial Services Inc. lowered its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 56,020 shares of the information services provider’s stock after selling 1,000 shares during the quarter. Bard Financial Services Inc.’s holdings in Alphabet were worth $6,777,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of GOOG. Totem Point Management LLC boosted its stake in shares of Alphabet by 22.0% during the first quarter. Totem Point Management LLC now owns 3,171 shares of the information services provider’s stock valued at $8,857,000 after purchasing an additional 571 shares in the last quarter. Somerville Kurt F lifted its stake in shares of Alphabet by 10.3% in the first quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock worth $330,000 after acquiring an additional 11 shares during the period. BCK Partners Inc. acquired a new position in shares of Alphabet in the first quarter worth approximately $2,564,000. Hall Capital Management Co. Inc. lifted its stake in shares of Alphabet by 53.2% in the first quarter. Hall Capital Management Co. Inc. now owns 144 shares of the information services provider’s stock worth $402,000 after acquiring an additional 50 shares during the period. Finally, Fairfield Bush & CO. lifted its stake in shares of Alphabet by 6.8% in the first quarter. Fairfield Bush & CO. now owns 3,370 shares of the information services provider’s stock worth $9,412,000 after acquiring an additional 214 shares during the period. Institutional investors own 27.13% of the company’s stock.

Alphabet Trading Up 0.5 %

NASDAQ GOOG opened at $138.96 on Tuesday. The company has a market cap of $1.75 trillion, a price-to-earnings ratio of 29.44, a P/E/G ratio of 1.60 and a beta of 1.06. Alphabet Inc. has a 52 week low of $83.45 and a 52 week high of $139.93. The business has a 50 day moving average price of $130.22 and a 200-day moving average price of $118.50. The company has a quick ratio of 2.14, a current ratio of 2.17 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Tuesday, July 25th. The information services provider reported $1.44 EPS for the quarter, beating the consensus estimate of $1.32 by $0.12. The firm had revenue of $74.60 billion during the quarter, compared to the consensus estimate of $72.85 billion. Alphabet had a return on equity of 23.49% and a net margin of 21.05%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.21 earnings per share. As a group, equities analysts expect that Alphabet Inc. will post 5.68 earnings per share for the current fiscal year.

Insider Buying and Selling at Alphabet

In related news, CAO Amie Thuener O’toole sold 3,749 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $136.28, for a total transaction of $510,913.72. Following the sale, the chief accounting officer now owns 25,568 shares of the company’s stock, valued at approximately $3,484,407.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Amie Thuener O’toole sold 3,749 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $136.28, for a total transaction of $510,913.72. Following the transaction, the chief accounting officer now directly owns 25,568 shares in the company, valued at approximately $3,484,407.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John L. Hennessy sold 200 shares of the stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $137.30, for a total value of $27,460.00. Following the transaction, the director now owns 7,584 shares in the company, valued at $1,041,283.20. The disclosure for this sale can be found here. Insiders sold 96,092 shares of company stock worth $12,221,941 in the last quarter. 12.99% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wedbush assumed coverage on Alphabet in a research note on Monday, August 21st. They issued an “outperform” rating on the stock. Robert W. Baird lifted their price objective on Alphabet from $123.00 to $140.00 in a research note on Wednesday, July 26th. Oppenheimer lifted their price objective on Alphabet from $145.00 to $160.00 in a research note on Wednesday, July 26th. Finally, Susquehanna boosted their price target on Alphabet from $120.00 to $150.00 in a research note on Wednesday, July 26th. Thirteen analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $130.94.

Alphabet Profile

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.