MayTech Global Investments LLC trimmed its holdings in shares of Alphabet Inc. (NASDAQ: GOOG – Get Rating) by 0.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,986 shares of the information services provider’s stock after selling 12 shares during the period. Alphabet accounts for about 5.8% of MayTech Global Investments LLC’s investment portfolio, making its stock its 5th biggest holding. MayTech Global Investments LLC’s holdings in Alphabet were worth $ 28,895,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Unified Trust Company NA boosted its position in Alphabet by 4.2% during the 3rd quarter. Unified Trust Company NA now owns 100 shares of the information services provider’s stock worth $ 267,000 after buying an additional 4 shares during the period. Bedel Financial Consulting Inc. boosted its position in Alphabet by 0.6% during the 4th quarter. Bedel Financial Consulting Inc. now owns 668 shares of the information services provider’s stock worth $ 1,933,000 after buying an additional 4 shares during the period. Lincoln Capital LLC boosted its position in Alphabet by 0.6% during the 4th quarter. Lincoln Capital LLC now owns 671 shares of the information services provider’s stock worth $ 1,942,000 after buying an additional 4 shares during the period. Seascape Capital Management lifted its position in shares of Alphabet by 1.5% in the 4th quarter. Seascape Capital Management now owns 279 shares of the information services provider’s stock worth $ 807,000 after purchasing an additional 4 shares during the period. Finally, Woodward Diversified Capital LLC lifted its position in shares of Alphabet by 0.8% in the 4th quarter. Woodward Diversified Capital LLC now owns 509 shares of the information services provider’s stock worth $ 1,473,000 after purchasing an additional 4 shares during the period. 31.20% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently issued reports on the stock. Canaccord Genuity Group dropped their price target on Alphabet shares from $ 3,500.00 to $ 3,300.00 and set a “buy” rating on the stock in a research report on Wednesday, April 27th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Alphabet from $ 3,150.00 to $ 2,900.00 in a research report on Wednesday, April 27th. Wedbush restated an “outperform” rating on Alphabet shares in a research report on Wednesday, April 20th. Tigress Financial lifted their price objective on shares of Alphabet from $ 3,540.00 to $ 3,670.00 in a research note on Friday, March 18th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Alphabet from $ 3,450.00 to $ 3,200.00 in a research note on Wednesday, April 27th. Twenty-nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $ 3,315.38.
In other Alphabet news, major shareholder 2016 Gp LLC Gv sold 544,249 shares of the company stock in a transaction dated Monday, April 11th. The shares were sold at an average price of $ 11.16, for a total transaction of $ 6,073,818.84. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John L. Hennessy sold 25 shares of the company stock in a transaction dated Tuesday, March 22nd. The shares were sold at an average price of $ 2,800.00, for a total transaction of $ 70,000.00. The disclosure for this sale can be found here. Insiders sold a total of 551,700 shares of company stock worth $ 25,637,428 over the last three months. 12.99% of the stock is owned by insiders.
Shares of NASDAQ: GOOG opened at $ 2,132.72 on Friday. The company 50-day moving average is $ 2,341.07 and its 200 day moving average is $ 2,622.47. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.85 and a current ratio of 2.87. The company has a market capitalization of $ 1.40 trillion, a P / E ratio of 19.29, a price-to-earnings-growth ratio of 1.04 and a beta of 1.13. Alphabet Inc. has a fifty-two week low of $ 2,044.16 and a fifty-two week high of $ 3,042.00.
Alphabet shares are going to split on the morning of Monday, July 18th. The 20-1 split was announced on Tuesday, February 1st. The newly created shares will be payable to shareholders after the closing bell on Friday, July 15th.
Alphabet (NASDAQ: GOOG – Get Rating) last issued its quarterly earnings results on Tuesday, April 26th. The information services provider reported $ 24.62 earnings per share for the quarter, missing analysts’ consensus estimates of $ 25.70 by ($ 1.08). The company had revenue of $ 56.02 billion during the quarter, compared to analysts’ expectations of $ 56.17 billion. Alphabet had a return on equity of 30.18% and a net margin of 27.57%. During the same period last year, the firm posted $ 26.29 earnings per share. As a group, research analysts predict that Alphabet Inc. will post 111.86 earnings per share for the current year.
Alphabet Company Profile: (Get Rating)
Alphabet Inc provides various products and platforms in the United States, Europe, the Middle East, Africa, Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
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