Wrapmanager Inc. bought a new position in shares of Alphabet Inc. (NASDAQ:GOOG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 521 shares of the company’s stock, valued at approximately $361,000.
A number of other large investors have also bought and sold shares of the stock. Mesirow Financial Investment Management Equity Management purchased a new stake in Alphabet during the second quarter valued at about $121,000. Whitnell & Co. increased its stake in Alphabet by 20.6% in the second quarter. Whitnell & Co. now owns 187 shares of the company’s stock valued at $129,000 after buying an additional 32 shares in the last quarter. D. Scott Neal Inc. increased its stake in Alphabet by 2,000.0% in the second quarter. D. Scott Neal Inc. now owns 210 shares of the company’s stock valued at $145,000 after buying an additional 200 shares in the last quarter. Pathstone Family Office LLC increased its stake in Alphabet by 7.2% in the second quarter. Pathstone Family Office LLC now owns 222 shares of the company’s stock valued at $154,000 after buying an additional 15 shares in the last quarter. Finally, Cacti Asset Management LLC purchased a new stake in Alphabet during the second quarter valued at about $159,000. Institutional investors own 34.39% of the company’s stock.
Alphabet Inc. (NASDAQ:GOOG) opened at 779.96 on Tuesday. The firm has a 50-day moving average price of $774.96 and a 200 day moving average price of $742.05. The stock has a market capitalization of $536.05 billion, a price-to-earnings ratio of 30.22 and a beta of 1.03. Alphabet Inc. has a 52-week low of $641.73 and a 52-week high of $792.28.
Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, July 28th. The company reported $8.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $8.03 by $0.39. The company had revenue of $21.50 billion for the quarter, compared to analysts’ expectations of $20.74 billion. Alphabet had a return on equity of 14.74% and a net margin of 22.00%. The firm’s revenue was up 21.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.99 earnings per share. On average, equities research analysts predict that Alphabet Inc. will post $34.14 EPS for the current year.
Several equities research analysts recently issued reports on GOOG shares. Goldman Sachs Group Inc. set a $810.00 price objective on Alphabet and gave the company a “buy” rating in a report on Wednesday, July 20th. Vetr upgraded Alphabet from a “buy” rating to a “strong-buy” rating and set a $778.71 price target on the stock in a report on Monday, June 20th. Credit Suisse Group AG restated an “outperform” rating and set a $1,070.00 price target (up previously from $940.00) on shares of Alphabet in a report on Monday. Longbow Research began coverage on Alphabet in a report on Wednesday, July 6th. They set a “buy” rating on the stock. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Alphabet in a report on Tuesday, September 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, forty-five have assigned a buy rating and one has given a strong buy rating to the stock. Alphabet currently has a consensus rating of “Buy” and a consensus target price of $929.51.
In other Alphabet news, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of $781.81, for a total value of $3,127,240.00. Following the transaction, the chief executive officer now owns 3,231 shares of the company’s stock, valued at $2,526,028.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ann Mather sold 115 shares of the company’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $769.38, for a total value of $88,478.70. Following the completion of the transaction, the director now directly owns 1,656 shares in the company, valued at approximately $1,274,093.28. The disclosure for this sale can be found here. 13.92% of the stock is owned by company insiders.
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.