Alphabet Inc. (NASDAQ:GOOGL) Shares Sold by Bank of New Hampshire

Bank of New Hampshire lowered its position in shares of Alphabet Inc. (NASDAQ:GOOGLGet Rating) by 3.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,056 shares of the information services provider’s stock after selling 113 shares during the period. Alphabet makes up approximately 1.9% of Bank of New Hampshire’s portfolio, making the stock its 8th largest position. Bank of New Hampshire’s holdings in Alphabet were worth $6,660,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in GOOGL. Norges Bank purchased a new position in shares of Alphabet during the 4th quarter worth approximately $14,477,662,000. Aaron Wealth Advisors LLC boosted its position in shares of Alphabet by 699,790.2% during the 1st quarter. Aaron Wealth Advisors LLC now owns 4,703,262 shares of the information services provider’s stock worth $1,691,000 after purchasing an additional 4,702,590 shares during the period. Verity Asset Management Inc. boosted its position in shares of Alphabet by 536,206.4% during the 1st quarter. Verity Asset Management Inc. now owns 589,937 shares of the information services provider’s stock worth $39,000 after purchasing an additional 589,827 shares during the period. Fundsmith LLP purchased a new position in shares of Alphabet during the 4th quarter worth approximately $1,214,138,000. Finally, Vanguard Group Inc. boosted its position in shares of Alphabet by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 23,304,411 shares of the information services provider’s stock worth $64,817,723,000 after purchasing an additional 331,945 shares during the period. Institutional investors and hedge funds own 1.88% of the company’s stock.

Insider Activity

In other news, Director Ann Mather sold 20 shares of Alphabet stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $2,383.32, for a total value of $47,666.40. Following the sale, the director now owns 565 shares of the company’s stock, valued at $1,346,575.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Ann Mather sold 20 shares of the business’s stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $2,383.32, for a total transaction of $47,666.40. Following the sale, the director now owns 565 shares of the company’s stock, valued at $1,346,575.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 42 shares of the business’s stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $2,166.74, for a total transaction of $91,003.08. Following the sale, the chief accounting officer now directly owns 1,192 shares in the company, valued at approximately $2,582,754.08. The disclosure for this sale can be found here. Insiders have sold a total of 44,536 shares of company stock valued at $15,729,998 over the last quarter. Corporate insiders own 11.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Tigress Financial increased their price objective on shares of Alphabet from $183.00 to $186.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, August 3rd. Moffett Nathanson decreased their price target on shares of Alphabet to $132.50 in a research report on Thursday, May 26th. Guggenheim decreased their price target on shares of Alphabet to $130.00 and set an “outperform” rating for the company in a research report on Wednesday, July 27th. Mizuho decreased their price target on shares of Alphabet from $175.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, July 22nd. Finally, BNP Paribas cut shares of Alphabet from an “outperform” rating to a “neutral” rating and set a $118.00 price target for the company. in a research report on Wednesday, July 20th. Five equities research analysts have rated the stock with a hold rating, thirty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Alphabet currently has an average rating of “Moderate Buy” and a consensus price target of $147.41.

Alphabet Trading Down 0.1 %

NASDAQ GOOGL opened at $102.80 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.78 and a current ratio of 2.81. The firm has a market cap of $1.34 trillion, a PE ratio of 19.13, a P/E/G ratio of 1.66 and a beta of 1.09. Alphabet Inc. has a one year low of $100.94 and a one year high of $151.55. The firm’s fifty day moving average is $112.93 and its two-hundred day moving average is $118.84.

Alphabet (NASDAQ:GOOGLGet Rating) last posted its quarterly earnings data 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). The business had revenue of $57.47 billion during the quarter, compared to analyst estimates of $57.55 billion. Alphabet had a net margin of 25.89% and a return on equity of 28.65%. During the same quarter in the prior year, the firm posted $27.26 earnings per share. Analysts expect that Alphabet Inc. will post 5.21 earnings per share for the current year.

Alphabet Company 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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