Harwood Advisory Group LLC cut its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 5.1% in the second quarter, Holdings Channel reports. The institutional investor owned 1,504 shares of the information services provider’s stock after selling 81 shares during the quarter. Harwood Advisory Group LLC’s holdings in Alphabet were worth $1,625,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also modified their holdings of GOOG. 1 North Wealth Services LLC acquired a new position in shares of Alphabet during the fourth quarter worth approximately $34,000. TD Capital Management LLC lifted its holdings in shares of Alphabet by 38.5% during the fourth quarter. TD Capital Management LLC now owns 36 shares of the information services provider’s stock worth $37,000 after buying an additional 10 shares during the last quarter. Truehand Inc acquired a new position in shares of Alphabet during the fourth quarter worth approximately $38,000. HMS Capital Management LLC acquired a new position in shares of Alphabet during the second quarter worth approximately $38,000. Finally, Oregon Public Employees Retirement Fund lifted its holdings in shares of Alphabet by 102,010.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 56,224,303 shares of the information services provider’s stock worth $54,000 after buying an additional 56,169,241 shares during the last quarter. Institutional investors own 34.00% of the company’s stock.
NASDAQ:GOOG traded down $38.24 during trading hours on Friday, reaching $1,151.29. The company had a trading volume of 1,406,965 shares, compared to its average volume of 1,607,384. The stock has a 50-day moving average of $1,170.92 and a two-hundred day moving average of $1,156.17. Alphabet Inc has a one year low of $970.11 and a one year high of $1,289.27. The firm has a market capitalization of $824.82 billion, a PE ratio of 24.23, a PEG ratio of 1.30 and a beta of 0.96. The company has a quick ratio of 3.96, a current ratio of 3.98 and a debt-to-equity ratio of 0.07.
A number of brokerages recently commented on GOOG. JPMorgan Chase & Co. restated a “buy” rating on shares of Alphabet in a research note on Friday, July 26th. Royal Bank of Canada restated a “buy” rating on shares of Alphabet in a research note on Tuesday, April 30th. Oppenheimer upped their target price on Alphabet from $1,342.00 to $1,370.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. BidaskClub upgraded Alphabet from a “hold” rating to a “buy” rating in a research note on Saturday, July 13th. Finally, Barclays restated a “buy” rating on shares of Alphabet in a research note on Friday, July 26th. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $1,378.93.
In other news, SVP David C. Drummond sold 1,600 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $1,215.39, for a total transaction of $1,944,624.00. Following the sale, the senior vice president now owns 44,482 shares in the company, valued at $54,062,977.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 69 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $1,042.90, for a total value of $71,960.10. Following the sale, the chief accounting officer now owns 388 shares in the company, valued at approximately $404,645.20. The disclosure for this sale can be found here. Insiders sold 2,123 shares of company stock worth $2,553,758 over the last quarter. Company insiders own 12.99% of the company’s stock.
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.
Featured Article: Why is cost of goods sold important?
Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc (NASDAQ:GOOG).
Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.