Massey Quick Simon & CO. LLC lifted its position in Alphabet Inc (NASDAQ:GOOG) by 117.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 475 shares of the information services provider’s stock after acquiring an additional 257 shares during the period. Massey Quick Simon & CO. LLC’s holdings in Alphabet were worth $492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently modified their holdings of the company. Bourne Lent Asset Management Inc. lifted its stake in shares of Alphabet by 2.6% during the 3rd quarter. Bourne Lent Asset Management Inc. now owns 7,358 shares of the information services provider’s stock worth $8,782,000 after buying an additional 185 shares during the last quarter. Bristlecone Advisors LLC lifted its stake in shares of Alphabet by 22.3% during the 3rd quarter. Bristlecone Advisors LLC now owns 906 shares of the information services provider’s stock worth $1,081,000 after buying an additional 165 shares during the last quarter. TB Alternative Assets Ltd. acquired a new stake in shares of Alphabet during the 3rd quarter worth about $477,000. GSB Wealth Management LLC acquired a new stake in shares of Alphabet during the 3rd quarter worth about $358,000. Finally, Summit Financial Wealth Advisors LLC lifted its stake in shares of Alphabet by 42.0% during the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 3,242 shares of the information services provider’s stock worth $3,541,000 after buying an additional 959 shares during the last quarter. 34.44% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have recently issued reports on GOOG shares. UBS Group restated a “buy” rating on shares of Alphabet in a research note on Monday, January 14th. Deutsche Bank restated a “buy” rating and set a $1,380.00 target price (up previously from $1,300.00) on shares of Alphabet in a research note on Tuesday, February 5th. BidaskClub cut shares of Alphabet from a “sell” rating to a “strong sell” rating in a research note on Monday, February 25th. Barclays cut their target price on shares of Alphabet to $1,350.00 and set an “overweight” rating for the company in a research note on Tuesday, February 5th. Finally, Credit Suisse Group restated a “buy” rating on shares of Alphabet in a research note on Monday, January 28th. One analyst has rated the stock with a sell rating, one has given a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $1,349.78.
Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Monday, February 4th. The information services provider reported $12.77 earnings per share for the quarter, topping the consensus estimate of $10.86 by $1.91. Alphabet had a net margin of 22.47% and a return on equity of 19.94%. The business had revenue of $39.28 billion during the quarter, compared to analysts’ expectations of $38.91 billion. During the same quarter in the previous year, the company earned $9.70 EPS. The business’s revenue was up 21.5% on a year-over-year basis. As a group, equities research analysts expect that Alphabet Inc will post 47.35 EPS for the current fiscal year.
In other news, CEO Sundar Pichai sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 16th. The shares were sold at an average price of $1,086.33, for a total value of $10,863,300.00. Following the completion of the transaction, the chief executive officer now directly owns 491 shares in the company, valued at approximately $533,388.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ann Mather sold 38 shares of the business’s stock in a transaction that occurred on Friday, January 18th. The shares were sold at an average price of $1,100.00, for a total transaction of $41,800.00. The disclosure for this sale can be found here. Insiders sold a total of 10,797 shares of company stock valued at $11,795,783 in the last quarter. Corporate insiders own 13.11% of the company’s stock.
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. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.
Featured Article: Do closed-end mutual funds pay dividends?
Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc (NASDAQ:GOOG).
Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.