Alphabet Inc. (GOOG) Shares Bought by Essex Financial Services Inc.
Essex Financial Services Inc. lifted its position in Alphabet Inc. (NASDAQ:GOOG) by 45.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,007 shares of the information services provider’s stock after purchasing an additional 1,243 shares during the quarter. Essex Financial Services Inc.’s holdings in Alphabet were worth $3,641,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Burt Wealth Advisors raised its position in Alphabet by 17.2% during the second quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock valued at $123,000 after acquiring an additional 20 shares in the last quarter. Riggs Asset Managment Co. Inc. grew its holdings in Alphabet by 39.6% in the second quarter. Riggs Asset Managment Co. Inc. now owns 141 shares of the information services provider’s stock valued at $128,000 after purchasing an additional 40 shares during the period. Farmers National Bank grew its holdings in Alphabet by 15.0% in the first quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock valued at $134,000 after purchasing an additional 21 shares during the period. St. Johns Investment Management Company LLC grew its holdings in Alphabet by 1,046.7% in the second quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock valued at $156,000 after purchasing an additional 157 shares during the period. Finally, Catamount Wealth Management grew its holdings in Alphabet by 5.8% in the second quarter. Catamount Wealth Management now owns 182 shares of the information services provider’s stock valued at $165,000 after purchasing an additional 10 shares during the period. Hedge funds and other institutional investors own 34.43% of the company’s stock.
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In related news, Director L John Doerr sold 12,236 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $1,021.57, for a total value of $12,499,930.52. Following the sale, the director now owns 3,485 shares in the company, valued at approximately $3,560,171.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $924.36, for a total value of $3,697,440.00. Following the completion of the sale, the chief executive officer now owns 1,324 shares in the company, valued at approximately $1,223,852.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,394 shares of company stock valued at $37,937,930. Company insiders own 13.92% of the company’s stock.
Alphabet Inc. (NASDAQ:GOOG) opened at $1,035.96 on Thursday. The stock has a market capitalization of $718,764.69, a P/E ratio of 34.63 and a beta of 0.95. Alphabet Inc. has a one year low of $737.02 and a one year high of $1,048.39. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77.
Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.31 by $1.26. The business had revenue of $27.77 billion during the quarter, compared to the consensus estimate of $27.17 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period in the prior year, the business posted $9.06 EPS.
Several brokerages have commented on GOOG. Vetr lowered Alphabet from a “buy” rating to a “hold” rating and set a $1,067.64 price objective on the stock. in a report on Monday. Oppenheimer Holdings, Inc. reissued an “outperform” rating on shares of Alphabet in a report on Friday, October 27th. UBS AG reissued a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Finally, Macquarie reaffirmed a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-eight have issued a buy rating to the company. Alphabet presently has a consensus rating of “Buy” and an average target price of $1,047.52.
Alphabet Company Profile
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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