Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Everett Harris & Co. CA

Everett Harris & Co. CA increased its position in Alphabet Inc. (NASDAQ:GOOGL – Get Rating) by 0.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,195 shares of the information services provider’s stock after purchasing an additional 193 shares during the period. Alphabet accounts for about 1.3% of Everett Harris & Co. CA’s investment portfolio, making the stock its 18th biggest holding. Everett Harris & Co. CA’s holdings in Alphabet were worth $92,327,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Morling Financial Advisors LLC acquired a new position in Alphabet in the fourth quarter worth about $29,000. West Bancorporation Inc. acquired a new position in Alphabet in the fourth quarter worth about $29,000. Wealthgate Family Office LLC acquired a new position in Alphabet in the fourth quarter worth about $32,000. NS Partners Ltd acquired a new position in Alphabet in the fourth quarter worth about $41,000. Finally, Schubert & Co acquired a new position in Alphabet in the fourth quarter worth about $43,000. Institutional investors and hedge funds own 41.70% of the company’s stock.

A number of equities analysts have issued reports on the stock. Moffett Nathanson cut their target price on shares of Alphabet to $2,650.00 in a report on Thursday, May 26th. JMP Securities cut their target price on shares of Alphabet from $3,300.00 to $3,200.00 and set a “market outperform” rating on the stock in a report on Thursday, June 30th. Monness Crespi & Hardt cut their target price on shares of Alphabet to $2,900.00 in a report on Tuesday, July 5th. Mizuho cut their target price on shares of Alphabet from $3,600.00 to $3,500.00 and set a “buy” rating on the stock in a report on Wednesday, April 27th. Finally, Wolfe Research cut their target price on shares of Alphabet from $3,500.00 to $2,900.00 and set an “outperform” rating on the stock in a report on Wednesday, April 27th. One analyst has rated the stock with a hold rating, thirty-four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $3,251.65.

In other Alphabet news, SVP Prabhakar Raghavan sold 490 shares of Alphabet stock in a transaction that occurred on Tuesday, May 3rd. The shares were sold at an average price of $2,335.30, for a total transaction of $1,144,297.00. Following the transaction, the senior vice president now directly owns 497 shares in the company, valued at approximately $1,160,644.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 42 shares of Alphabet stock in a transaction on Tuesday, May 3rd. The shares were sold at an average price of $2,335.30, for a total transaction of $98,082.60. Following the sale, the chief accounting officer now directly owns 1,170 shares of the company’s stock, valued at approximately $2,732,301. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 555,362 shares of company stock worth $32,765,727. Corporate insiders own 11.44% of the company’s stock.

Alphabet stock opened at $2,387.07 on Friday. Alphabet Inc. has a 1 year low of $2,037.69 and a 1 year high of $3,030.93. 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 firm has a market cap of $1.57 trillion, a price-to-earnings ratio of 21.59, a price-to-earnings-growth ratio of 1.16 and a beta of 1.10. The firm’s 50 day moving average price is $2,256.40 and its two-hundred day moving average price is $2,543.02.

Alphabet’s stock is set to split before the market opens on Monday, July 18th. The 20-1 split was announced on Tuesday, February 1st. The newly created shares will be issued to shareholders after the closing bell on Friday, July 15th.

Alphabet (NASDAQ:GOOGL – Get Rating) last posted its quarterly earnings data on Tuesday, April 26th. The information services provider reported $24.62 earnings per share for the quarter, missing the consensus estimate of $25.70 by ($1.08). Alphabet had a return on equity of 30.18% and a net margin of 27.57%. The firm had revenue of $56.02 billion for the quarter, compared to analysts’ expectations of $56.17 billion. During the same quarter in the previous year, the firm posted $26.29 earnings per share. As a group, equities analysts predict that Alphabet Inc. will post 110.62 EPS for the current fiscal year.

Alphabet profiles (Get Rating)

Alphabet Inc provides various products and platforms in the United States, Europe, the Middle East, Africa, the 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.

Further Reading

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