Alphabet Inc (NASDAQ:GOOG) Shares Sold by Stelac Advisory Services LLC

Stelac Advisory Services LLC lessened its position in Alphabet Inc (NASDAQ:GOOG) by 34.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 185 shares of the information services provider’s stock after selling 99 shares during the period. Stelac Advisory Services LLC’s holdings in Alphabet were worth $200,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. 1 North Wealth Services LLC acquired a new stake in shares of Alphabet in the 4th quarter worth about $34,000. TD Capital Management LLC grew its position in Alphabet by 38.5% in the 4th quarter. TD Capital Management LLC now owns 36 shares of the information services provider’s stock valued at $37,000 after buying an additional 10 shares in the last quarter. Truehand Inc bought a new position in Alphabet in the 4th quarter valued at about $38,000. HMS Capital Management LLC bought a new position in Alphabet in the 2nd quarter valued at about $38,000. Finally, Oregon Public Employees Retirement Fund grew its position in Alphabet by 102,010.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 56,224,303 shares of the information services provider’s stock valued at $54,000 after buying an additional 56,169,241 shares in the last quarter. 34.02% of the stock is currently owned by institutional investors and hedge funds.

In other news, VP Amie Thuener O’toole sold 69 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $1,100.52, for a total transaction of $75,935.88. Following the completion of the transaction, the vice president now owns 388 shares in the company, valued at approximately $427,001.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Ann Mather sold 27 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $1,213.14, for a total transaction of $32,754.78. Following the transaction, the director now owns 1,803 shares of the company’s stock, valued at approximately $2,187,291.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,123 shares of company stock valued at $2,553,758. Insiders own 12.99% of the company’s stock.

A number of brokerages recently issued reports on GOOG. UBS Group reiterated a “buy” rating on shares of Alphabet in a research report on Friday, July 26th. Wedbush increased their target price on shares of Alphabet from $1,350.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Oppenheimer increased their target price on shares of Alphabet from $1,342.00 to $1,370.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Benchmark reiterated a “buy” rating and issued a $1,360.00 target price (up previously from $1,315.00) on shares of Alphabet in a research report on Friday, July 26th. Finally, Credit Suisse Group increased their target price on shares of Alphabet from $1,400.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $1,373.93.

Shares of NASDAQ:GOOG traded down $16.79 during trading hours on Friday, hitting $1,188.01. 1,013,989 shares of the company’s stock traded hands, compared to its average volume of 1,690,454. Alphabet Inc has a 52 week low of $970.11 and a 52 week high of $1,289.27. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.96 and a current ratio of 3.98. The company’s fifty day simple moving average is $1,148.18. The stock has a market cap of $814.04 billion, a P/E ratio of 25.01, a price-to-earnings-growth ratio of 1.29 and a beta of 0.96.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, July 25th. The information services provider reported $14.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $11.49 by $2.72. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. The company had revenue of $38.94 billion during the quarter, compared to analyst estimates of $38.21 billion. During the same quarter last year, the firm posted $11.75 EPS. The business’s revenue for the quarter was up 19.3% on a year-over-year basis. Analysts expect that Alphabet Inc will post 52.1 EPS for the current fiscal year.

Alphabet Company Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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