Sheaff Brock Investment Advisors LLC Sells 110 Shares of Alphabet Inc (NASDAQ:GOOG)

Sheaff Brock Investment Advisors LLC lowered its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 4.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 2,570 shares of the information services provider’s stock after selling 110 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Alphabet were worth $2,778,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the stock. 1 North Wealth Services LLC acquired a new stake in shares of Alphabet in the fourth quarter valued at approximately $34,000. TD Capital Management LLC raised its position in shares of Alphabet by 38.5% in the fourth 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 acquired a new stake in shares of Alphabet in the fourth quarter valued at approximately $38,000. HMS Capital Management LLC acquired a new stake in shares of Alphabet in the second quarter valued at approximately $38,000. Finally, Oregon Public Employees Retirement Fund raised its position in shares of Alphabet by 102,010.9% in the fourth 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. Institutional investors and hedge funds own 33.98% of the company’s stock.

A number of equities research analysts have recently weighed in on the stock. Wedbush lifted their price target 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. Pivotal Research assumed coverage on shares of Alphabet in a research report on Wednesday, May 29th. They issued a “hold” rating for the company. UBS Group reiterated a “buy” rating on shares of Alphabet in a research report on Friday, July 26th. Royal Bank of Canada reiterated a “buy” rating on shares of Alphabet in a research report on Tuesday, April 30th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Alphabet in a research report on Friday, July 26th. Three analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $1,373.93.

In other Alphabet news, CAO Amie Thuener O’toole sold 69 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $1,042.90, for a total transaction of $71,960.10. Following the completion of the transaction, the chief accounting officer now directly owns 388 shares in the company, valued at $404,645.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Capitalg Lp acquired 140,000 shares of the stock in a transaction on Friday, June 14th. The shares were purchased at an average price of $34.00 per share, with a total value of $4,760,000.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 2,123 shares of company stock valued at $2,553,758. Company insiders own 12.99% of the company’s stock.

GOOG traded down $31.77 during trading on Wednesday, hitting $1,165.50. 33,286 shares of the stock traded hands, compared to its average volume of 1,506,290. Alphabet Inc has a twelve month low of $970.11 and a twelve month high of $1,289.27. The firm has a market cap of $823.76 billion, a P/E ratio of 24.56, a price-to-earnings-growth ratio of 1.30 and a beta of 0.96. 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 business’s 50 day moving average is $1,153.65.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, July 25th. The information services provider reported $14.21 EPS for the quarter, beating the 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 business had revenue of $38.94 billion during the quarter, compared to the consensus estimate of $38.21 billion. During the same period in the previous year, the business earned $11.75 earnings per share. The company’s revenue was up 19.3% on a year-over-year basis. On average, analysts forecast that Alphabet Inc will post 52.1 EPS for the current year.

Alphabet 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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