Alphabet Inc. (GOOG) Position Maintained by FFT Wealth Management LLC
FFT Wealth Management LLC held its stake in shares of Alphabet Inc. (NASDAQ:GOOG) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 313 shares of the information services provider’s stock at the close of the 2nd quarter. FFT Wealth Management LLC’s holdings in Alphabet were worth $284,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of GOOG. Burt Wealth Advisors boosted its position in shares of Alphabet by 17.2% during the 2nd quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock valued at $123,000 after acquiring an additional 20 shares in the last quarter. Farmers National Bank boosted its position in shares of Alphabet by 15.0% during the 1st quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock valued at $134,000 after acquiring an additional 21 shares in the last quarter. St. Johns Investment Management Company LLC boosted its position in shares of Alphabet by 1,046.7% during the 2nd quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock valued at $156,000 after acquiring an additional 157 shares in the last quarter. Catamount Wealth Management boosted its position in shares of Alphabet by 5.8% during the 2nd quarter. Catamount Wealth Management now owns 182 shares of the information services provider’s stock valued at $165,000 after acquiring an additional 10 shares in the last quarter. Finally, Baker Boyer National Bank acquired a new stake in shares of Alphabet during the 2nd quarter valued at about $200,000. Institutional investors and hedge funds own 34.73% of the company’s stock.
Alphabet Inc. (GOOG) opened at $1,010.17 on Friday. Alphabet Inc. has a 12 month low of $743.10 and a 12 month high of $1,062.38. The firm has a market cap of $709,676.69, a PE ratio of 34.19 and a beta of 0.94. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73.
Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $8.31 by $1.26. The company had revenue of $27.77 billion during the quarter, compared to the consensus estimate of $27.17 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The company’s revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the firm posted $9.06 earnings per share.
Several brokerages recently issued reports on GOOG. BidaskClub raised shares of Alphabet from a “hold” rating to a “buy” rating in a report on Friday, August 25th. Royal Bank Of Canada reissued a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Vetr raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,084.59 price target for the company in a report on Wednesday. Cantor Fitzgerald reissued a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Finally, Robert W. Baird reissued an “outperform” rating and set a $1,100.00 price target on shares of Alphabet in a report on Saturday, September 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirty-nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $1,047.96.
In related news, Director L John Doerr sold 12,236 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $1,021.57, for a total transaction of $12,499,930.52. Following the completion of the sale, the director now directly owns 3,485 shares of the company’s stock, valued at $3,560,171.45. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $931.44, for a total transaction of $3,725,760.00. Following the sale, the chief executive officer now directly owns 1,618 shares of the company’s stock, valued at $1,507,069.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,395 shares of company stock valued at $37,941,725. 13.92% of the stock is currently owned by insiders.
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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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