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Alphabet Inc. (GOOGL) Position Increased by Canal Capital Management LLC

Alphabet Inc. (GOOGL) Position Increased by Canal Capital Management LLC”

Azimuth Capital Management LLC now owns 974 shares of the information services provider's stock valued at $752,000 after buying an additional 96 shares during the period. Callahan Advisors LLC's holdings in Alphabet were worth $993,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Pacific Center for Financial Services bought a new stake in shares of Alphabet during the fourth quarter worth about $142,000. Arete Wealth Advisors LLC raised its stake in Alphabet by 14.5% in the first quarter. Farmers National Bank increased its stake in shares of Alphabet by 15.0% in the first quarter. Bank of Montreal Can now owns 1,692,542 shares of the information services provider's stock valued at $1,404,065,000 after buying an additional 181,085 shares during the last quarter. Finally, Glenview Capital Management LLC purchased a new stake in Alphabet during the fourth quarter valued at $605,119,000. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider's stock worth $156,000 after buying an additional 157 shares during the period. Pinnacle Bank purchased a new position in Alphabet during the first quarter worth about $181,000. Inc. now owns 141 shares of the information services provider's stock valued at $128,000 after buying an additional 40 shares during the last quarter.

Institutional investors now hold around $236.66 billion or 73.1% in GOOG stock.

Alphabet Inc. has a 1-year low of $743.59 and a 1-year high of $1,008.61. (NASDAQ:GOOG) traded down 0.078% during trading on Monday, reaching $972.165. The company's 50 day moving average is $968.58 and its 200-day moving average is $895.39. The company has a market capitalization of $673.02 billion, a P/E ratio of 32.88 and a beta of 0.95.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, April 27th.

The company is expected to report a profit of $4.46 a share, based on the average analyst forecasts compiled by Thomson Reuters, down from $8.42 a year earlier - reflecting the impact of the European Union fine. Among the big questions that will likely come up: will Alphabet fight the ruling, have advertisers returned, and is its "Other Bets" division paying off? The company had revenue of $24.75 billion during the quarter, compared to analysts' expectations of $24.18 billion.

More news: Texan Capital Management Continues to Hold Position in Laredo Petroleum, Inc. (LPI)

In the period that ended June, Wall Street is looking for the Mountain View, Calif. -based tech giant to deliver adjusted earnings of $8.25 per share, down about 2% from last year's profit of $8.42 per share, on revenue of $25.64 billion, which would rise nearly 20% year over year. Alphabet's revenue for the quarter was up 22.2% compared to the same quarter past year.

As the earnings date approaches, we can see that insider ownership is now 0.10% shares, and institutional ownership is at 82.10% for Alphabet Inc. "(NASDAQ:GOOGL) Stake Cut by Hochman Cole Investment Advisors Inc." was first reported by Markets Daily and is owned by of Markets Daily. "(GOOG)" was originally published by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece on another site, it was illegally stolen and reposted in violation of United States & global trademark and copyright laws. In late April, Google CEO Sundar Pichai said that the company was aware of the issue and was improving its ad-placement algorithm, but some companies including Verizon, Wal-Mart, and Toyota, had still not fully returned to the service as of mid-May. Jefferies Group LLC reaffirmed a "buy" rating and issued a $1,200.00 target price (up from $1,000.00) on shares of Alphabet in a research note on Friday, April 28th. Morgan Stanley restated a "buy" rating on shares of Alphabet in a research report on Monday, May 29th. Finally, MKM Partners reissued a buy rating and set a $1,170.00 price objective (up from $1,000.00) on shares of Alphabet in a report on Monday, May 8th. Needham & Company LLC reaffirmed a "buy" rating and set a $1,050.00 target price on shares of Alphabet in a research note on Monday, July 17th. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.25 average brokerage recommendation. Alphabet now has a consensus rating of "Buy" and an average price target of $1,029.04.

Alphabet, which generates the lion's share of revenue and profits from digital advertising, has been working to better differentiate its business. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The shares were sold at an average price of $902.72, for a total transaction of $1,681,767.36. After this sale, 27,793 common shares of GOOG are directly owned by the insider, with total stake valued at $27,040,366. The disclosure for this sale can be found here. Following the sale, the senior vice president now directly owns 3,800 shares in the company, valued at $3,593,470.

Google's parent company Alphabet reports its earnings for the second quarter on Monday after market close.

Want to see what other hedge funds are holding GOOG?



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