Bath Savings Trust Co Grows Holdings in Alphabet Inc. (NASDAQ:GOOGL)

Bath Savings Trust Co lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 1.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 10,116 shares of the information services provider’s stock after purchasing an additional 101 shares during the period. Alphabet comprises about 2.9% of Bath Savings Trust Co’s investment portfolio, making the stock its 7th biggest position. Bath Savings Trust Co’s holdings in Alphabet were worth $22,046,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Dravo Bay LLC purchased a new stake in Alphabet during the 1st quarter valued at $28,000. Wealthgate Family Office LLC purchased a new stake in Alphabet during the 4th quarter valued at $32,000. Financial Enhancement Group LLC purchased a new stake in Alphabet during the 1st quarter valued at $31,000. Advocacy Wealth Management Services LLC boosted its position in Alphabet by 72.7% during the 2nd quarter. Advocacy Wealth Management Services LLC now owns 19 shares of the information services provider’s stock valued at $41,000 after buying an additional 8 shares during the period. Finally, Cordant Inc. purchased a new stake in Alphabet during the 1st quarter valued at $56,000. Institutional investors own 1.88% of the company’s stock.

Alphabet Stock Performance

Shares of GOOGL stock opened at $102.80 on Friday. The company has a 50 day moving average price of $112.93 and a 200-day moving average price of $118.84. Alphabet Inc. has a 52 week low of $100.94 and a 52 week high of $151.55. The firm has a market capitalization of $1.34 trillion, a PE ratio of 19.13, a P/E/G ratio of 1.66 and a beta of 1.09. The company has a quick ratio of 2.78, a current ratio of 2.81 and a debt-to-equity ratio of 0.06.

Alphabet (NASDAQ:GOOGLGet Rating) last announced its quarterly earnings results on Tuesday, July 26th. The information services provider reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.06). Alphabet had a return on equity of 28.65% and a net margin of 25.89%. The company had revenue of $57.47 billion during the quarter, compared to the consensus estimate of $57.55 billion. During the same quarter in the prior year, the firm earned $27.26 earnings per share. As a group, equities research analysts expect that Alphabet Inc. will post 5.21 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Prabhakar Raghavan sold 1,109 shares of the firm’s stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $2,166.74, for a total value of $2,402,914.66. Following the transaction, the senior vice president now owns 1,608 shares of the company’s stock, valued at $3,484,117.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, SVP Philipp Schindler sold 3,834 shares of the firm’s stock in a transaction that occurred on Tuesday, July 5th. The shares were sold at an average price of $2,182.62, for a total value of $8,368,165.08. Following the transaction, the senior vice president now owns 12,676 shares of the company’s stock, valued at $27,666,891.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Prabhakar Raghavan sold 1,109 shares of the firm’s stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $2,166.74, for a total transaction of $2,402,914.66. Following the completion of the transaction, the senior vice president now directly owns 1,608 shares in the company, valued at approximately $3,484,117.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,536 shares of company stock valued at $15,729,998. 11.44% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on GOOGL shares. William Blair reaffirmed an “outperform” rating on shares of Alphabet in a research report on Wednesday, July 27th. Monness Crespi & Hardt dropped their target price on shares of Alphabet to $145.00 in a research report on Tuesday, July 5th. Moffett Nathanson dropped their target price on shares of Alphabet to $132.50 in a research report on Thursday, May 26th. Bank of America dropped their target price on shares of Alphabet from $132.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, July 27th. Finally, Barclays dropped their target price on shares of Alphabet from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Tuesday, July 5th. Five analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $147.41.

Alphabet Profile

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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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