Alphabet Inc (GOOGL) Shares Obtained by Coastline Trust Co

Cornelia Mascio
Marzo 31, 2018

NY lessened its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 4.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. Hermes Investment Management Ltd.'s holdings in Alphabet were worth $33,340,000 at the end of the most recent quarter. Johanson Financial Advisors Inc. now owns 1,598 shares of the information services provider's stock valued at $1,689,000 after purchasing an additional 180 shares during the period. BlackRock Inc. raised its stake in Alphabet by 0.4% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider's stock valued at $124,000 after acquiring an additional 5 shares in the last quarter. Finally, Catamount Wealth Management increased its position in shares of Alphabet by 5.8% during the 2nd quarter. Atria Investments LLC now owns 3,804 shares of the information services provider's stock valued at $4,007,000 after purchasing an additional 642 shares during the period. Almanack Investment Partners LLC. now owns 162 shares of the information services provider's stock valued at $147,000 after acquiring an additional 7 shares during the period. Archford Capital Strategies LLC lifted its stake in Alphabet by 400.0% during the 2nd quarter. WealthTrust Arizona LLC now owns 148 shares of the information services provider's stock valued at $155,000 after acquiring an additional 85 shares in the last quarter. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Alphabet Inc (NASDAQ:GOOG) opened at $1,004.56 on Thursday. The stock holds an average trading capacity of 1.88M shares for the past three months.

Alphabet Inc. has noticeable recent volatility credentials; price volatility of stock was 4.81% for a week and 3.02% for a month. Current levels place the company -5.73% away from it's 20-day simple moving average.

Meet Group Inc (NASDAQ: MEET) has a beta of 1.36, contrast to a beta of 1 for the market, which implies that the stock's price movements are less extreme than the market as a whole.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, February 1st. The information services provider reported $9.70 EPS for the quarter, missing the consensus estimate of $10.07 by ($0.37). The business had revenue of $32.32 billion during the quarter, compared to the consensus estimate of $31.88 billion. During the same period in the prior year, the business posted $9.36 EPS. Likewise, the performance for the quarter was recorded as -1.68% and for the year was 24.10%.

Alphabet declared that its Board of Directors has authorized a stock buyback program on Thursday, February 1st that allows the company to repurchase $8.59 billion in outstanding shares. This repurchase authorization allows the information services provider to repurchase shares of its stock through open market purchases.

On Tuesday, January 2nd, James Grier Campbell sold 183 shares of Alphabet stock. The stock was sold at an average price of $1,075.14, for a total transaction of $208,577.16.

Among the big stock movers, Intel led the Dow, rising 5.0 per cent, while Boeing, Cisco and ExxonMobil were among the companies winning more than two per cent. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

In other Alphabet news, SVP David C. Drummond sold 5,690 shares of the business's stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $1,164.43, for a total value of $6,625,606.70. Following the completion of the transaction, the senior vice president now directly owns 2,897 shares of the company's stock, valued at $3,373,353.71. The disclosure for this sale can be found here.

GOOGL has been the topic of several research reports. Morgan Stanley reiterated an "overweight" rating and issued a $1,215.00 target price (up previously from $1,210.00) on shares of Alphabet in a research note on Friday, January 26th. Cowen lifted their price objective on shares of Alphabet from $1,150.00 to $1,230.00 and gave the company an "outperform" rating in a report on Thursday, January 4th. Finally, Atlantic Securities reissued a "buy" rating on shares of Alphabet in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-seven have issued a buy rating and two have given a strong buy rating to the stock. Alphabet presently has an average rating of "Buy" and an average target price of $1,076.08. "NY Sells 3,617 Shares of Alphabet Inc (NASDAQ:GOOG)" was published by The Lincolnian Online and is the sole property of of The Lincolnian Online. Alphabet Inc (NASDAQ: GOOGL) is a stock with 711.55M shares outstanding. 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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