FOURPOINTS Investment Managers S.A.S. continued to hold its position in shares of Alphabet Inc. (NASDAQ:GOOG) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,327 shares of the information services provider’s stock at the end of the first quarter. Alphabet comprises 3.7% of FOURPOINTS Investment Managers S.A.S.’s holdings, making the stock its 3rd largest position. FOURPOINTS Investment Managers S.A.S.’s holdings in Alphabet were worth $3,590,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Shepherd Financial Partners LLC bought a new position in shares of Alphabet during the fourth quarter worth about $3,291,000. Worth Venture Partners LLC bought a new position in shares of Alphabet during the fourth quarter worth about $1,532,000. Norges Bank bought a new position in shares of Alphabet during the fourth quarter worth about $2,128,163,000. Adviser Investments LLC bought a new position in shares of Alphabet during the first quarter worth about $1,276,000. Finally, Farmers & Merchants Investments Inc. increased its position in shares of Alphabet by 0.3% in the first quarter. Farmers & Merchants Investments Inc. now owns 5,464 shares of the information services provider’s stock worth $4,533,000 after buying an additional 18 shares in the last quarter. Institutional investors and hedge funds own 34.54% of the company’s stock.
Shares of Alphabet Inc. (NASDAQ:GOOG) traded up 0.82% on Friday, reaching $914.64. The company had a trading volume of 422,026 shares. The firm has a market capitalization of $633.73 billion, a price-to-earnings ratio of 33.15 and a beta of 0.94. The firm has a 50-day moving average price of $937.88 and a 200 day moving average price of $888.43. Alphabet Inc. has a 1-year low of $727.54 and a 1-year high of $988.25.
Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.43 by $0.58. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The company had revenue of $26.01 billion during the quarter, compared to analysts’ expectations of $25.61 billion. During the same period in the previous year, the company earned $8.42 EPS. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. Equities research analysts predict that Alphabet Inc. will post $30.59 earnings per share for the current year.
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GOOG has been the topic of a number of analyst reports. Citigroup Inc. reiterated a “buy” rating and issued a $1,180.00 price target on shares of Alphabet in a report on Thursday, July 27th. Deutsche Bank AG restated a “buy” rating on shares of Alphabet in a research note on Monday, June 12th. Vetr upgraded Alphabet from a “hold” rating to a “buy” rating and set a $995.83 target price on the stock in a research note on Monday, June 26th. Instinet restated a “buy” rating and set a $925.00 target price on shares of Alphabet in a research note on Wednesday, April 26th. Finally, Cantor Fitzgerald restated a “buy” rating on shares of Alphabet in a research note on Friday, April 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $1,026.22.
In related news, Director Ann Mather sold 629 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $932.28, for a total transaction of $586,404.12. Following the completion of the sale, the director now directly owns 1,781 shares of the company’s stock, valued at approximately $1,660,390.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP James Grier Campbell sold 183 shares of the company’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $968.95, for a total transaction of $177,317.85. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,968 shares of company stock valued at $42,387,042. 13.92% of the stock is owned by corporate insiders.
Alphabet Company Profile
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.
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