Botty Investors LLC Sells 6,840 Shares of Alphabet Inc. (GOOG)
Botty Investors LLC decreased its stake in Alphabet Inc. (NASDAQ:GOOG) by 22.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,854 shares of the company’s stock after selling 6,840 shares during the period. Alphabet comprises approximately 9.4% of Botty Investors LLC’s holdings, making the stock its 3rd largest position. Botty Investors LLC’s holdings in Alphabet were worth $16,509,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. D. Scott Neal Inc. raised its position in Alphabet by 2,000.0% in the second quarter. D. Scott Neal Inc. now owns 210 shares of the company’s stock valued at $145,000 after buying an additional 200 shares in the last quarter. Cacti Asset Management LLC acquired a new position in Alphabet during the second quarter valued at $159,000. Stewart & Patten Co. LLC raised its position in Alphabet by 1.3% in the second quarter. Stewart & Patten Co. LLC now owns 323 shares of the company’s stock valued at $224,000 after buying an additional 4 shares in the last quarter. Clarkston Capital Partners LLC raised its position in Alphabet by 14.9% in the second quarter. Clarkston Capital Partners LLC now owns 331 shares of the company’s stock valued at $229,000 after buying an additional 43 shares in the last quarter. Finally, Kanaly Trust Co raised its position in Alphabet by 3.0% in the second quarter. Kanaly Trust Co now owns 340 shares of the company’s stock valued at $235,000 after buying an additional 10 shares in the last quarter. Hedge funds and other institutional investors own 34.39% of the company’s stock.
Shares of Alphabet Inc. (NASDAQ:GOOG) traded down 0.23% during trading on Friday, reaching $775.08. 933,158 shares of the company traded hands. The firm’s 50 day moving average is $773.14 and its 200-day moving average is $740.29. Alphabet Inc. has a 12-month low of $639.01 and a 12-month high of $789.87. The stock has a market capitalization of $532.69 billion, a P/E ratio of 30.03 and a beta of 1.03.
Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, July 28th. The company reported $8.42 EPS for the quarter, beating the consensus estimate of $8.03 by $0.39. The firm earned $21.50 billion during the quarter, compared to the consensus estimate of $20.74 billion. Alphabet had a net margin of 22.00% and a return on equity of 14.74%. The company’s quarterly revenue was up 21.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.99 earnings per share. On average, equities research analysts anticipate that Alphabet Inc. will post $34.14 earnings per share for the current fiscal year.
Several research firms have weighed in on GOOG. Citigroup Inc. reiterated a “buy” rating and set a $900.00 target price on shares of Alphabet in a report on Saturday, June 18th. Stifel Nicolaus restated a “buy” rating and issued a $925.00 price target (up from $888.00) on shares of Alphabet in a report on Friday, July 29th. Longbow Research started coverage on Alphabet in a report on Wednesday, July 6th. They issued a “buy” rating on the stock. Macquarie restated an “outperform” rating and issued a $975.00 price target on shares of Alphabet in a report on Friday, July 29th. Finally, Goldman Sachs Group Inc. set a $810.00 price target on Alphabet and gave the company a “buy” rating in a report on Wednesday, July 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, forty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $926.55.
In related news, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $739.21, for a total transaction of $2,956,840.00. Following the transaction, the chief executive officer now owns 3,297 shares in the company, valued at $2,437,175.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP David C. Drummond sold 5,000 shares of the business’s stock in a transaction dated Tuesday, July 12th. The shares were sold at an average price of $725.52, for a total transaction of $3,627,600.00. Following the transaction, the senior vice president now owns 13,248 shares in the company, valued at approximately $9,611,688.96. The disclosure for this sale can be found here. Insiders own 13.92% of the company’s stock.
Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.
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