Investors bought shares of Alphabet Inc. Vanguard Group Inc. grew its holdings in Alphabet by 3.3% during the 2nd quarter. Finally, Mirador Capital Partners LP increased its stake in Alphabet by 2.4% during the second quarter. Koch Industries Inc. now owns 1,086,103 shares of the information services provider's stock valued at $1,085,000 after purchasing an additional 1,085,504 shares during the last quarter. Quantitative Systematic Strategies LLC boosted its position in shares of Alphabet by 285.8% during the 3rd quarter. Davidson & Garrard Inc. now owns 4,356 shares of the information services provider's stock worth $4,050,000 after purchasing an additional 274 shares during the period. Magellan Asset Management Ltd now owns 2,126,562 shares of the information services provider's stock valued at $2,225,234,000 after purchasing an additional 1,861,056 shares during the last quarter. Davidson & Garrard Inc. lifted its stake in shares of Alphabet by 6.7% during the 2nd quarter. The stock now has an average rating of "Buy" and a consensus price target of $1,201.19. Institutional investors and hedge funds own 34.45% of the company's stock. The shares were sold at an average price of $1,077.67, for a total transaction of $4,310,680.00. Following the completion of the transaction, the director now owns 1,846 shares of the company's stock, valued at approximately $1,888,642.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP James Grier Campbell sold 238 shares of the company's stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $1,162.61, for a total transaction of $276,701.18. The disclosure for this sale can be found here. The volume of the company in the last trading session was 3.23 Million.
NASDAQ GOOG opened at $1,006.47 on Tuesday.
Alphabet Inc. (GOOG) shares jumped 1.96 percent and closed the day at $1037.31.
The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.85 and a current ratio of 4.87. The firm has a market cap of $707,692.13, a PE ratio of 32.52, a price-to-earnings-growth ratio of 1.45 and a beta of 1.05.
Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Monday, April 23rd.
The company's Average Earnings Estimate for the Current Fiscal quarter is $9.61, according to consensus of 36 analysts. Net profit margin of Alphabet Inc. The business had revenue of $24.86 billion during the quarter, compared to the consensus estimate of $24.20 billion. During the same period in the prior year, the company earned $7.73 earnings per share. While in the same Quarter Previous year, the Actual EPS was $5.01.
Alphabet announced that its Board of Directors has approved a stock repurchase program on Thursday, February 1st that authorizes the company to repurchase $8.59 billion in outstanding shares. This buyback authorization authorizes the information services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.
A number of equities research analysts have commented on the stock. BidaskClub upgraded shares of Alphabet from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, January 10th. Finally, Oppenheimer upped their price target on Alphabet from $1,340.00 to $1,350.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 24th. Zacks Investment Research raised shares of Alphabet from a "sell" rating to a "hold" rating in a research report on Wednesday, April 25th. SunTrust Banks dropped their target price on shares of Alphabet from $1,250.00 to $1,180.00 in a report on Monday, January 15th. Stifel Nicolaus raised shares of Alphabet from a "hold" rating to a "buy" rating and set a $1,234.00 target price for the company in a research report on Tuesday, April 24th. Five investment analysts have rated the stock with a hold rating, thirty-eight have given a buy rating and one has assigned a strong buy rating to the stock. Alphabet presently has an average rating of "Buy" and an average target price of $1,130.86.
Alphabet Inc is a holding company. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.