Zullo Investment Group Inc. raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,365 shares of the information services provider’s stock after purchasing an additional 456 shares during the quarter. Alphabet makes up approximately 1.5% of Zullo Investment Group Inc.’s portfolio, making the stock its 10th largest holding. Zullo Investment Group Inc.’s holdings in Alphabet were worth $2,870,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of GOOG. Tolleson Wealth Management Inc. bought a new position in Alphabet during the second quarter valued at approximately $411,000. Westshore Wealth LLC grew its position in Alphabet by 31.2% during the second quarter. Westshore Wealth LLC now owns 15,700 shares of the information services provider’s stock valued at $1,887,000 after acquiring an additional 3,730 shares during the last quarter. Washington Trust Bank grew its position in Alphabet by 33.0% during the third quarter. Washington Trust Bank now owns 7,359 shares of the information services provider’s stock valued at $970,000 after acquiring an additional 1,826 shares during the last quarter. Woodley Farra Manion Portfolio Management Inc. grew its position in Alphabet by 20.0% during the second quarter. Woodley Farra Manion Portfolio Management Inc. now owns 5,986 shares of the information services provider’s stock valued at $724,000 after acquiring an additional 996 shares during the last quarter. Finally, CNB Bank grew its position in Alphabet by 6.6% during the third quarter. CNB Bank now owns 27,723 shares of the information services provider’s stock valued at $3,655,000 after acquiring an additional 1,710 shares during the last quarter. 27.26% of the stock is owned by hedge funds and other institutional investors.
Alphabet Stock Up 0.2 %
Shares of Alphabet stock opened at $152.26 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.10 and a current ratio of 2.10. Alphabet Inc. has a 52-week low of $100.29 and a 52-week high of $155.20. The stock has a market capitalization of $1.89 trillion, a price-to-earnings ratio of 26.25, a P/E/G ratio of 1.41 and a beta of 1.05. The company’s 50 day moving average price is $144.98 and its 200-day moving average price is $139.58.
Alphabet (NASDAQ:GOOG – Get Free Report) last issued its earnings results on Tuesday, January 30th. The information services provider reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.04. Alphabet had a net margin of 24.01% and a return on equity of 27.22%. The firm had revenue of $86.31 billion for the quarter, compared to analysts’ expectations of $85.28 billion. During the same quarter last year, the business earned $1.05 earnings per share. The business’s revenue was up 13.5% on a year-over-year basis. Equities research analysts forecast that Alphabet Inc. will post 6.77 EPS for the current year.
Analysts Set New Price Targets
A number of research analysts have commented on the stock. Susquehanna increased their price target on shares of Alphabet from $150.00 to $170.00 and gave the company a “positive” rating in a research report on Wednesday, January 31st. Raymond James raised their target price on shares of Alphabet from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $146.33.
Insider Buying and Selling
In related news, CAO Amie Thuener O’toole sold 425 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $139.61, for a total value of $59,334.25. Following the completion of the sale, the chief accounting officer now owns 27,259 shares of the company’s stock, valued at $3,805,628.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Alphabet news, Director Frances Arnold sold 230 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $154.06, for a total transaction of $35,433.80. Following the completion of the transaction, the director now owns 15,104 shares of the company’s stock, valued at $2,326,922.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 425 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $139.61, for a total value of $59,334.25. Following the transaction, the chief accounting officer now directly owns 27,259 shares of the company’s stock, valued at approximately $3,805,628.99. The disclosure for this sale can be found here. Insiders sold 263,312 shares of company stock valued at $37,268,315 over the last quarter. 12.99% of the stock is owned by company insiders.
Alphabet Company Profile
Alphabet Inc offers 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 provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
See Also
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