Today, Woodstock Corp Boosts Position in Alphabet Inc. (GOOG)

Today, Woodstock Corp Boosts Position in Alphabet Inc. (GOOG)
Woodstock Corp boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.4% during the third quarter, Holdings Channel reports. The institutional investor owned 9,916 shares of the company’s stock after buying an additional 37 shares during the period. Alphabet accounts for 1.6% of Woodstock Corp’s holdings, making the stock its 23rd largest position. Woodstock Corp’s holdings in Alphabet were worth $7,708,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in GOOG. Chilton Capital Management LLC boosted its position in Alphabet by 4.7% in the first quarter. Chilton Capital Management LLC now owns 24,271 shares of the company’s stock valued at $18,081,000 after buying an additional 1,094 shares in the last quarter. Amici Capital LLC boosted its position in Alphabet by 279.5% in the first quarter. Amici Capital LLC now owns 22,601 shares of the company’s stock valued at $16,837,000 after buying an additional 35,192 shares in the last quarter. Highland Private Wealth Management purchased a new position in Alphabet during the first quarter valued at $412,000. Pennant Capital Management LLC purchased a new position in Alphabet during the first quarter valued at $145,638,000. Finally, Jana Partners LLC purchased a new position in Alphabet during the first quarter valued at $472,266,000. 34.46% of the stock is owned by institutional investors and hedge funds.

Shares of Alphabet Inc. (NASDAQ:GOOG) traded up 0.09% during mid-day trading on Friday, reaching $761.68. The company had a trading volume of 587,421 shares. The firm has a 50 day moving average of $778.78 and a 200-day moving average of $751.79. The stock has a market capitalization of $524.98 billion, a P/E ratio of 27.88 and a beta of 1.01. Alphabet Inc. has a one year low of $663.06 and a one year high of $816.68.

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

GOOG has been the subject of a number of research analyst reports. Canaccord Genuity reaffirmed a “buy” rating and set a $900.00 price objective on shares of Alphabet in a research report on Monday, October 24th. RBC Capital Markets reaffirmed an “outperform” rating and set a $1,025.00 price objective on shares of Alphabet in a research report on Wednesday, October 26th. Vetr cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $829.20 price objective for the company. in a research report on Wednesday, October 19th. Nomura reaffirmed an “outperform” rating and set a $925.00 price objective on shares of Alphabet in a research report on Monday, October 24th. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $970.00 price objective on shares of Alphabet in a research report on Thursday, October 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and forty-four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $940.42.

In related news, CEO Lawrence Page sold 33,332 shares of Alphabet stock in a transaction on Monday, November 21st. The stock was sold at an average price of $775.83, for a total value of $25,859,965.56. Following the completion of the sale, the chief executive officer now owns 14,000 shares of the company’s stock, valued at $10,861,620. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $782.62, for a total value of $3,130,480.00. Following the completion of the sale, the chief executive officer now directly owns 3,378 shares of the company’s stock, valued at approximately $2,643,690.36. The disclosure for this sale can be found here. Company insiders own 13.92% of the company’s stock.

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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