Train Babcock Advisors LLC Sells 376 Shares of Alphabet Inc. (GOOG)
Train Babcock Advisors LLC decreased its position in Alphabet Inc. (NASDAQ:GOOG) by 5.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,079 shares of the information services provider’s stock after selling 376 shares during the period. Alphabet makes up 2.6% of Train Babcock Advisors LLC’s investment portfolio, making the stock its 7th largest position. Train Babcock Advisors LLC’s holdings in Alphabet were worth $5,872,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of GOOG. Feltz Wealth PLAN Inc. purchased a new stake in Alphabet during the first quarter worth $170,000. Pinnacle Bank purchased a new stake in Alphabet during the first quarter worth $181,000. Palo Capital Inc. purchased a new stake in Alphabet during the first quarter worth $202,000. BTC Capital Management Inc. purchased a new stake in Alphabet during the first quarter worth $209,000. Finally, Saratoga Research & Investment Management purchased a new stake in Alphabet during the first quarter worth $211,000. 34.57% of the stock is owned by institutional investors and hedge funds.
Shares of Alphabet Inc. (GOOG) traded down 0.59% during mid-day trading on Friday, hitting $915.89. The stock had a trading volume of 1,053,376 shares. The stock has a market cap of $634.60 billion, a P/E ratio of 33.19 and a beta of 0.94. Alphabet Inc. has a 52 week low of $727.54 and a 52 week high of $988.25. The stock has a 50-day moving average price of $934.52 and a 200 day moving average price of $896.81.
Alphabet (NASDAQ:GOOG) last posted its earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.43 by $0.58. The company had revenue of $26.01 billion during the quarter, compared to analysts’ expectations of $25.61 billion. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. Alphabet’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter last year, the company posted $8.42 EPS. On average, equities analysts forecast that Alphabet Inc. will post $30.60 EPS for the current fiscal year.
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A number of equities research analysts recently weighed in on the company. UBS AG restated a “buy” rating and issued a $1,080.00 price target on shares of Alphabet in a report on Tuesday, July 25th. Barclays PLC restated a “buy” rating on shares of Alphabet in a report on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Alphabet in a report on Tuesday, July 25th. J P Morgan Chase & Co restated a “buy” rating on shares of Alphabet in a report on Tuesday, July 25th. Finally, Robert W. Baird restated an “outperform” rating and issued a $1,100.00 price target on shares of Alphabet in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating and forty-one have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $1,030.47.
In other news, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $926.79, for a total transaction of $3,707,160.00. Following the completion of the sale, the chief executive officer now owns 1,389 shares in the company, valued at approximately $1,287,311.31. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Shirley M. Tilghman sold 525 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $938.09, for a total transaction of $492,497.25. Following the sale, the director now owns 5,517 shares of the company’s stock, valued at approximately $5,175,442.53. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,169 shares of company stock valued at $44,206,482. 13.92% of the stock is currently owned by corporate insiders.
Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. 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.
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