Monetary Management Group Inc. Boosts Position in Alphabet Inc (GOOG)

Monetary Management Group Inc. boosted its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 3.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,947 shares of the information services provider’s stock after buying an additional 106 shares during the period. Monetary Management Group Inc.’s holdings in Alphabet were worth $2,275,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of GOOG. Oregon Public Employees Retirement Fund increased its position in Alphabet by 36.4% in the third quarter. Oregon Public Employees Retirement Fund now owns 75,412 shares of the information services provider’s stock valued at $58,617,000 after buying an additional 20,110 shares during the period. Gradient Investments LLC boosted its stake in shares of Alphabet by 1.5% in the third quarter. Gradient Investments LLC now owns 541 shares of the information services provider’s stock valued at $421,000 after buying an additional 8 shares in the last quarter. Hills Bank & Trust Co. boosted its stake in shares of Alphabet by 5.3% in the third quarter. Hills Bank & Trust Co. now owns 4,967 shares of the information services provider’s stock valued at $3,860,000 after buying an additional 252 shares in the last quarter. Bristol John W & Co. Inc. NY boosted its stake in shares of Alphabet by 10.4% in the third quarter. Bristol John W & Co. Inc. NY now owns 101,687 shares of the information services provider’s stock valued at $79,040,000 after buying an additional 9,563 shares in the last quarter. Finally, Addison Capital Co boosted its stake in shares of Alphabet by 395.4% in the third quarter. Addison Capital Co now owns 1,511 shares of the information services provider’s stock valued at $1,174,000 after buying an additional 1,206 shares in the last quarter. 34.74% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Shares of Alphabet Inc (NASDAQ:GOOG) traded up 0.18% during trading on Friday, hitting $843.19. The stock had a trading volume of 618,193 shares. Alphabet Inc has a 12-month low of $663.28 and a 12-month high of $853.50. The stock has a 50-day moving average of $833.03 and a 200 day moving average of $802.56. The firm has a market cap of $583.00 billion, a price-to-earnings ratio of 30.25 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, January 26th. The information services provider reported $9.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $9.67 by $0.31. The business earned $26.04 billion during the quarter, compared to analyst estimates of $25.18 billion. Alphabet had a return on equity of 14.85% and a net margin of 21.58%. The business’s quarterly revenue was up 22.2% on a year-over-year basis. During the same period last year, the business earned $8.67 EPS. On average, analysts predict that Alphabet Inc will post $33.26 earnings per share for the current fiscal year.

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GOOG has been the topic of a number of analyst reports. BMO Capital Markets reiterated an “outperform” rating and set a $1,005.00 price objective on shares of Alphabet in a research report on Friday, March 3rd. Pivotal Research reiterated a “hold” rating and set a $950.00 price objective on shares of Alphabet in a research report on Monday, March 27th. Cowen and Company reiterated an “outperform” rating and set a $1,050.00 price objective on shares of Alphabet in a research report on Wednesday. MKM Partners reiterated a “buy” rating and set a $1,000.00 price objective (up previously from $935.00) on shares of Alphabet in a research report on Thursday, February 2nd. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Alphabet in a research report on Friday, January 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and forty-two have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $956.36.

In related news, VP James Grier Campbell sold 253 shares of Alphabet stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $799.86, for a total transaction of $202,364.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lawrence Page sold 33,332 shares of Alphabet stock in a transaction on Monday, January 30th. The shares were sold at an average price of $814.49, for a total value of $27,148,580.68. Following the sale, the chief executive officer now directly owns 30,666 shares of the company’s stock, valued at approximately $24,977,150.34. The disclosure for this sale can be found here. In the last ninety days, insiders sold 281,688 shares of company stock valued at $229,255,327. 13.92% of the stock is currently owned by insiders.

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.

5 Day Chart for NASDAQ:GOOG

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