Bath Savings Trust Co decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 2.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,760 shares of the information services provider’s stock after selling 300 shares during the quarter. Bath Savings Trust Co’s holdings in Alphabet were worth $1,431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of GOOG. Vanguard Group Inc. increased its holdings in shares of Alphabet by 1,885.5% in the third quarter. Vanguard Group Inc. now owns 422,194,039 shares of the information services provider’s stock worth $40,593,957,000 after purchasing an additional 400,930,216 shares during the period. BlackRock Inc. increased its holdings in shares of Alphabet by 1,857.3% in the third quarter. BlackRock Inc. now owns 364,589,580 shares of the information services provider’s stock worth $35,055,286,000 after purchasing an additional 345,962,033 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of Alphabet by 1,770.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 203,484,912 shares of the information services provider’s stock worth $19,639,414,000 after purchasing an additional 192,607,045 shares during the period. State Street Corp increased its holdings in shares of Alphabet by 1,851.7% in the third quarter. State Street Corp now owns 196,897,894 shares of the information services provider’s stock worth $18,931,733,000 after purchasing an additional 186,809,281 shares during the period. Finally, Moneta Group Investment Advisors LLC increased its holdings in shares of Alphabet by 61,587.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 130,046,253 shares of the information services provider’s stock worth $11,539,004,000 after purchasing an additional 129,835,437 shares during the period. Institutional investors own 27.17% of the company’s stock.
Insider Buying and Selling at Alphabet
In other Alphabet news, major shareholder 2019 Gp L.L.C. Gv sold 27,290 shares of the firm’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $12.72, for a total transaction of $347,128.80. Following the completion of the transaction, the insider now owns 10,958,925 shares of the company’s stock, valued at $139,397,526. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, major shareholder 2019 Gp L.L.C. Gv sold 27,290 shares of the stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $12.72, for a total transaction of $347,128.80. Following the sale, the insider now owns 10,958,925 shares in the company, valued at $139,397,526. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder 2021 Gp L.L.C. Gv purchased 309,931 shares of the business’s stock in a transaction dated Wednesday, May 3rd. The shares were purchased at an average price of $28.34 per share, for a total transaction of $8,783,444.54. Following the acquisition, the insider now owns 2,243,665 shares of the company’s stock, valued at $63,585,466.10. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 877,364 shares of company stock valued at $30,371,135. Corporate insiders own 12.99% of the company’s stock.
Alphabet Price Performance
Alphabet (NASDAQ:GOOG – Get Rating) last announced its earnings results on Tuesday, April 25th. The information services provider reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.11. Alphabet had a net margin of 20.58% and a return on equity of 22.84%. The business had revenue of $69.79 billion during the quarter, compared to the consensus estimate of $68.80 billion. During the same quarter last year, the firm earned $1.23 earnings per share. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, sell-side analysts forecast that Alphabet Inc. will post 5.41 EPS for the current year.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on GOOG shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of Alphabet from $120.00 to $125.00 in a report on Wednesday, April 26th. Robert W. Baird upped their target price on shares of Alphabet from $120.00 to $123.00 in a research report on Wednesday, April 26th. Raymond James upped their target price on shares of Alphabet from $119.00 to $130.00 in a research report on Wednesday, April 26th. Oppenheimer cut their target price on shares of Alphabet from $155.00 to $135.00 in a research report on Monday, April 24th. Finally, UBS Group upped their target price on shares of Alphabet from $120.00 to $123.00 and gave the stock a “buy” rating in a research report on Thursday, April 6th. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $132.80.
Alphabet 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, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.
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