Trade Report: Today, Newman Dignan & Sheerar Inc. Sold shares of Alphabet Inc. (GOOG)

Today, Newman Dignan & Sheerar Inc. Sold shares of Alphabet Inc. (GOOG)

Newman Dignan & Sheerar Inc. decreased its stake in Alphabet Inc. (NASDAQ:GOOG) by 0.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,498 shares of the company’s stock after selling 10 shares during the period. Newman Dignan & Sheerar Inc.’s holdings in Alphabet were worth $1,164,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in GOOG. Lakeview Capital Partners LLC boosted its stake in Alphabet by 0.3% in the second quarter. Lakeview Capital Partners LLC now owns 327 shares of the company’s stock valued at $226,000 after buying an additional 1 shares in the last quarter. GW Henssler & Associates Ltd. boosted its stake in Alphabet by 0.6% in the second quarter. GW Henssler & Associates Ltd. now owns 340 shares of the company’s stock valued at $235,000 after buying an additional 2 shares in the last quarter. Shufro Rose & Co. LLC boosted its stake in Alphabet by 0.6% in the second quarter. Shufro Rose & Co. LLC now owns 357 shares of the company’s stock valued at $247,000 after buying an additional 2 shares in the last quarter. Alpha Windward LLC boosted its stake in Alphabet by 0.9% in the third quarter. Alpha Windward LLC now owns 222 shares of the company’s stock valued at $173,000 after buying an additional 2 shares in the last quarter. Finally, 1st Global Advisors Inc. boosted its stake in Alphabet by 0.5% in the second quarter. 1st Global Advisors Inc. now owns 658 shares of the company’s stock valued at $455,000 after buying an additional 3 shares in the last quarter. Hedge funds and other institutional investors own 34.46% of the company’s stock.

Shares of Alphabet Inc. (NASDAQ:GOOG) traded up 0.09% during mid-day trading on Friday, hitting $761.68. The stock had a trading volume of 587,421 shares. The stock has a market cap of $524.98 billion, a P/E ratio of 27.88 and a beta of 1.01. Alphabet Inc. has a 12-month low of $663.06 and a 12-month high of $816.68. The company’s 50 day moving average price is $778.78 and its 200 day moving average price is $751.79.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, October 27th. The company reported $9.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $8.62 by $0.44. Alphabet had a return on equity of 15.08% and a net margin of 22.29%. The firm earned $22.45 billion during the quarter, compared to the consensus estimate of $13.17 billion. During the same period in the previous year, the firm posted $7.35 EPS. The company’s quarterly revenue was up 20.2% compared to the same quarter last year. Equities research analysts predict that Alphabet Inc. will post $34.42 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on GOOG shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $925.00 price objective (up from $888.00) on shares of Alphabet in a research note on Friday, July 29th. Mizuho reaffirmed a “buy” rating and set a $1,025.00 target price (up from $1,020.00) on shares of Alphabet in a research report on Friday, October 28th. Macquarie reaffirmed an “outperform” rating and set a $975.00 target price on shares of Alphabet in a research report on Friday, July 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $925.00 target price (up from $900.00) on shares of Alphabet in a research report on Friday, October 28th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $900.00 target price on shares of Alphabet in a research report on Monday, October 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and forty-four have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $940.42.

In other Alphabet news, CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $756.63, for a total value of $3,026,520.00. Following the completion of the sale, the chief executive officer now directly owns 42,779 shares of the company’s stock, valued at approximately $32,367,874.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lawrence Page sold 33,332 shares of Alphabet stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $775.83, for a total transaction of $25,859,965.56. Following the completion of the sale, the chief executive officer now directly owns 14,000 shares of the company’s stock, valued at $10,861,620. The disclosure for this sale can be found here. 13.92% of the stock is currently owned by company insiders.

Alphabet Company Profile

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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