CMT Trading LLC reduced its stake in Alphabet Inc. (NASDAQ:GOOG) by 35.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 535 shares of the information services provider’s stock after selling 300 shares during the period. Alphabet makes up about 0.6% of CMT Trading LLC’s holdings, making the stock its 20th largest holding. CMT Trading LLC’s holdings in Alphabet were worth $454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently bought and sold shares of GOOG. Feltz Wealth PLAN Inc. bought a new position in shares of Alphabet in the first quarter worth $170,000. Pinnacle Bank bought a new position in shares of Alphabet in the first quarter worth $181,000. Palo Capital Inc. bought a new position in shares of Alphabet in the first quarter worth $202,000. BTC Capital Management Inc. bought a new position in shares of Alphabet in the first quarter worth $209,000. Finally, Mandatum Life Insurance Co Ltd bought a new position in shares of Alphabet in the first quarter worth $209,000. 34.55% of the stock is owned by hedge funds and other institutional investors.
Alphabet Inc. (GOOG) traded up 0.706% on Monday, hitting $933.042. The company’s stock had a trading volume of 515,129 shares. Alphabet Inc. has a 12 month low of $727.54 and a 12 month high of $988.25. The firm has a market cap of $646.49 billion, a price-to-earnings ratio of 33.814 and a beta of 0.94. The firm has a 50 day moving average of $927.87 and a 200 day moving average of $905.08.
Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, topping the consensus estimate of $4.43 by $0.58. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The firm had revenue of $26.01 billion for the quarter, compared to analyst estimates of $25.61 billion. During the same period in the prior year, the business posted $8.42 EPS. The business’s revenue for the quarter was up 21.0% compared to the same quarter last year. Equities research analysts forecast that Alphabet Inc. will post $30.59 earnings per share for the current fiscal year.
In other news, VP James Grier Campbell sold 183 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $911.16, for a total value of $166,742.28. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $955.25, for a total transaction of $3,821,000.00. Following the completion of the transaction, the chief executive officer now owns 1,683 shares in the company, valued at $1,607,685.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,184 shares of company stock worth $42,115,482. Company insiders own 13.92% of the company’s stock.
GOOG has been the subject of a number of analyst reports. MKM Partners reaffirmed a “buy” rating and issued a $1,170.00 price target on shares of Alphabet in a report on Wednesday, June 28th. Morgan Stanley reaffirmed a “buy” rating on shares of Alphabet in a report on Monday, May 29th. Cowen and Company reaffirmed an “outperform” rating and issued a $1,075.00 price target on shares of Alphabet in a report on Thursday, August 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,050.00 price target on shares of Alphabet in a report on Monday, July 17th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and issued a price target on shares of Alphabet in a report on Tuesday, May 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and forty-one have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $1,030.53.
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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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