Alphabet Inc. (NASDAQ:GOOGL) is Crestwood Advisors Group LLC’s 9th Largest Position

Crestwood Advisors Group LLC raised its stake in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 4.1% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 26,923 shares of the information services provider’s stock after buying an additional 1,072 shares during the period. Alphabet comprises about 2.1% of Crestwood Advisors Group LLC’s portfolio, making the stock its 9th largest holding. Crestwood Advisors Group LLC’s holdings in Alphabet were worth $74,886,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Boltwood Capital Management boosted its holdings in shares of Alphabet by 0.3% during the 4th quarter. Boltwood Capital Management now owns 1,333 shares of the information services provider’s stock worth $3,862,000 after purchasing an additional 4 shares during the last quarter. Latitude Advisors LLC boosted its holdings in shares of Alphabet by 0.4% during the 4th quarter. Latitude Advisors LLC now owns 1,108 shares of the information services provider’s stock worth $3,210,000 after purchasing an additional 4 shares during the last quarter. Brave Asset Management Inc. boosted its holdings in shares of Alphabet by 0.6% during the 4th quarter. Brave Asset Management Inc. now owns 628 shares of the information services provider’s stock worth $1,819,000 after purchasing an additional 4 shares during the last quarter. Smithbridge Asset Management Inc. DE boosted its holdings in shares of Alphabet by 1.5% during the 4th quarter. Smithbridge Asset Management Inc. DE now owns 263 shares of the information services provider’s stock worth $762,000 after purchasing an additional 4 shares during the last quarter. Finally, Affinity Capital Advisors LLC boosted its holdings in shares of Alphabet by 1.3% during the 4th quarter. Affinity Capital Advisors LLC now owns 310 shares of the information services provider’s stock worth $898,000 after purchasing an additional 4 shares during the last quarter. Institutional investors and hedge funds own 41.70% of the company’s stock.

Shares of GOOGL opened at $2,229.75 on Thursday. Alphabet Inc. has a fifty-two week low of $2,037.69 and a fifty-two week high of $3,030.93. The company has a market capitalization of $1.47 trillion, a price-to-earnings ratio of 20.17, a price-to-earnings-growth ratio of 1.05 and a beta of 1.13. The firm has a 50-day simple moving average of $2,300.45 and a 200-day simple moving average of $2,598.40. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.85 and a current ratio of 2.87.

Shares of Alphabet are scheduled to split on the morning of Monday, July 18th. The 20-1 split was announced on Tuesday, February 1st. The newly created shares will be distributed to shareholders after the closing bell on Friday, July 15th.

Alphabet (NASDAQ:GOOGLGet Rating) last posted its quarterly earnings results on Tuesday, April 26th. The information services provider reported $24.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $25.70 by ($1.08). The firm had revenue of $56.02 billion for the quarter, compared to analysts’ expectations of $56.17 billion. Alphabet had a return on equity of 30.18% and a net margin of 27.57%. During the same period in the prior year, the company earned $26.29 earnings per share. Equities research analysts forecast that Alphabet Inc. will post 110.83 EPS for the current year.

In other Alphabet news, Director John L. Hennessy sold 33 shares of the stock in a transaction dated Thursday, June 9th. The shares were sold at an average price of $2,348.39, for a total value of $77,496.87. Following the completion of the transaction, the director now directly owns 78 shares of the company’s stock, valued at $183,174.42. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Brin Sergey sold 2,639 shares of the stock in a transaction dated Monday, April 11th. The shares were sold at an average price of $2,632.28, for a total transaction of $6,946,586.92. Following the completion of the transaction, the director now directly owns 18,599,842 shares of the company’s stock, valued at $48,959,992,099.76. The disclosure for this sale can be found here. Insiders have sold 550,357 shares of company stock valued at $21,855,978 over the last three months. 11.44% of the stock is currently owned by corporate insiders.

A number of research analysts recently commented on GOOGL shares. Credit Suisse Group decreased their price objective on Alphabet from $3,450.00 to $3,400.00 and set an “outperform” rating on the stock in a report on Wednesday, April 27th. Moffett Nathanson decreased their price objective on Alphabet to $2,650.00 in a report on Thursday, May 26th. UBS Group decreased their price objective on Alphabet from $3,600.00 to $2,650.00 and set a “buy” rating on the stock in a report on Thursday, June 16th. Guggenheim decreased their price objective on Alphabet from $3,350.00 to $3,000.00 in a report on Wednesday, April 27th. Finally, MKM Partners decreased their price objective on Alphabet from $3,375.00 to $3,300.00 and set a “buy” rating on the stock in a report on Thursday, April 14th. One research analyst has rated the stock with a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $3,297.86.

About Alphabet (Get Rating)

Alphabet Inc provides various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOGL)

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