Pinkerton Retirement Specialists LLC Buys 130 Shares of Alphabet Inc (NASDAQ:GOOG)

Pinkerton Retirement Specialists LLC grew its stake in Alphabet Inc (NASDAQ:GOOG) by 7.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,963 shares of the information services provider’s stock after purchasing an additional 130 shares during the period. Pinkerton Retirement Specialists LLC’s holdings in Alphabet were worth $2,122,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. 1 North Wealth Services LLC bought a new position in Alphabet in the 4th quarter valued at $34,000. HMS Capital Management LLC bought a new position in Alphabet in the 2nd quarter valued at $38,000. TD Capital Management LLC boosted its position in Alphabet by 38.5% in the 4th quarter. TD Capital Management LLC now owns 36 shares of the information services provider’s stock valued at $37,000 after buying an additional 10 shares during the last quarter. Truehand Inc bought a new position in Alphabet in the 4th quarter valued at $38,000. Finally, Thor Advisors LLC bought a new position in Alphabet in the 1st quarter valued at $56,000. Institutional investors own 34.00% of the company’s stock.

A number of brokerages have commented on GOOG. Pivotal Research began coverage on Alphabet in a research report on Wednesday, May 29th. They issued a “hold” rating on the stock. Deutsche Bank increased their price objective on Alphabet from $1,400.00 to $1,475.00 and gave the company a “buy” rating in a research report on Thursday, August 15th. Zacks Investment Research upgraded Alphabet from a “hold” rating to a “buy” rating and set a $1,372.00 price objective on the stock in a research report on Wednesday, July 31st. Benchmark reiterated a “buy” rating and issued a $1,360.00 price objective (up from $1,315.00) on shares of Alphabet in a research report on Friday, July 26th. Finally, Stifel Nicolaus lowered Alphabet from a “buy” rating to a “hold” rating and set a $1,287.00 price objective on the stock. in a research report on Tuesday, April 30th. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $1,378.93.

In other Alphabet news, major shareholder Capitalg Lp acquired 140,000 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were acquired at an average price of $34.00 per share, with a total value of $4,760,000.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ann Mather sold 27 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $1,213.14, for a total value of $32,754.78. Following the sale, the director now directly owns 1,803 shares in the company, valued at approximately $2,187,291.42. The disclosure for this sale can be found here. Insiders have sold a total of 2,123 shares of company stock worth $2,553,758 in the last ninety days. 12.99% of the stock is currently owned by company insiders.

Shares of GOOG stock traded down $20.57 during trading hours on Friday, reaching $1,168.97. The company had a trading volume of 358,878 shares, compared to its average volume of 1,712,932. The company has a 50 day moving average of $1,170.23 and a 200 day moving average of $1,155.94. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.98 and a quick ratio of 3.96. The firm has a market cap of $820.07 billion, a price-to-earnings ratio of 24.60, a P/E/G ratio of 1.30 and a beta of 0.96. Alphabet Inc has a 1-year low of $970.11 and a 1-year high of $1,289.27.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, July 25th. The information services provider reported $14.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $11.49 by $2.72. The company had revenue of $38.94 billion for the quarter, compared to the consensus estimate of $38.21 billion. Alphabet had a return on equity of 20.15% and a net margin of 23.43%. The firm’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $11.75 EPS. As a group, sell-side analysts forecast that Alphabet Inc will post 52.1 EPS for the current fiscal year.

Alphabet Company Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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