Mercer Capital Advisers Inc. held its stake in shares of Alphabet Inc. (NASDAQ:GOOG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 595 shares of the company’s stock at the end of the second quarter. Mercer Capital Advisers Inc.’s holdings in Alphabet were worth $412,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of GOOG. D. Scott Neal Inc. increased its stake in shares of Alphabet by 2,000.0% in the second quarter. D. Scott Neal Inc. now owns 210 shares of the company’s stock worth $145,000 after buying an additional 200 shares during the last quarter. Cacti Asset Management LLC bought a new stake in shares of Alphabet during the second quarter worth $159,000. Stewart & Patten Co. LLC increased its stake in shares of Alphabet by 1.3% in the second quarter. Stewart & Patten Co. LLC now owns 323 shares of the company’s stock worth $224,000 after buying an additional 4 shares during the last quarter. Clarkston Capital Partners LLC increased its stake in shares of Alphabet by 14.9% in the second quarter. Clarkston Capital Partners LLC now owns 331 shares of the company’s stock worth $229,000 after buying an additional 43 shares during the last quarter. Finally, Kanaly Trust Co increased its stake in shares of Alphabet by 3.0% in the second quarter. Kanaly Trust Co now owns 340 shares of the company’s stock worth $235,000 after buying an additional 10 shares during the last quarter. 34.39% of the stock is currently owned by institutional investors.
Alphabet Inc. (NASDAQ:GOOG) traded up 0.05% during midday trading on Thursday, hitting $776.86. The stock had a trading volume of 1,070,692 shares. The stock has a market cap of $533.91 billion, a PE ratio of 30.10 and a beta of 1.03. The firm has a 50 day moving average price of $773.21 and a 200 day moving average price of $740.06. Alphabet Inc. has a one year low of $635.32 and a one year high of $789.87.
Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, July 28th. The company reported $8.42 EPS for the quarter, beating the Zacks’ consensus estimate of $8.03 by $0.39. The business earned $21.50 billion during the quarter, compared to analyst estimates of $20.74 billion. Alphabet had a net margin of 22.00% and a return on equity of 14.74%. The firm’s revenue for the quarter was up 21.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $6.99 earnings per share. Equities analysts expect that Alphabet Inc. will post $34.14 EPS for the current year.
Several equities research analysts have weighed in on GOOG shares. Citigroup Inc. reissued a “buy” rating and issued a $900.00 price target on shares of Alphabet in a report on Saturday, June 18th. Stifel Nicolaus reissued a “buy” rating and issued a $925.00 price target (up previously from $888.00) on shares of Alphabet in a report on Friday, July 29th. Longbow Research started coverage on Alphabet in a report on Wednesday, July 6th. They issued a “buy” rating for the company. Macquarie reissued an “outperform” rating and issued a $975.00 price target on shares of Alphabet in a report on Friday, July 29th. Finally, Goldman Sachs Group Inc. set a $810.00 price target on Alphabet and gave the stock a “buy” rating in a report on Wednesday, July 20th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, forty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Alphabet presently has a consensus rating of “Buy” and an average price target of $926.55.
In other Alphabet news, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction dated Wednesday, October 5th. The shares were sold at an average price of $781.81, for a total transaction of $3,127,240.00. Following the sale, the chief executive officer now directly owns 3,231 shares of the company’s stock, valued at $2,526,028.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP David C. Drummond sold 5,000 shares of the company’s stock in a transaction dated Tuesday, July 12th. The stock was sold at an average price of $725.52, for a total transaction of $3,627,600.00. Following the sale, the senior vice president now directly owns 13,248 shares in the company, valued at $9,611,688.96. The disclosure for this sale can be found here. 13.92% of the stock is currently owned by corporate insiders.
Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.
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