Investors Sell Alphabet (GOOG) on Strength (GOOG)

RBC Capital now has a $1125.0 target price on shares of Alphabet Inc (NASDAQ:GOOGL). The institutional investor owned 644 shares of the information services provider's stock after acquiring an additional 198 shares during the period.

More notable recent Alphabet Inc.

A number of large investors have recently added to or reduced their stakes in GOOG. BlackRock Inc. boosted its holdings in shares of Alphabet by 4.8% during the 2nd quarter.

Shares of Alphabet Inc (NASDAQ:GOOG) opened at $1,122.26 on Friday. Tompkins Financial Corp boosted its stake in shares of Alphabet by 3.7% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 35,742 shares of the information services provider's stock valued at $34,281,000 after acquiring an additional 453 shares in the last quarter. Signature Estate & Investment Advisors LLC increased its stake in Alphabet by 3.8% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 60,763 shares of the information services provider's stock worth $55,217,000 after purchasing an additional 827 shares in the last quarter. Norman Fields Gottscho Capital Management LLC increased its position in shares of Alphabet by 1.9% during the second quarter. Koch Industries Inc. now owns 1,161,725 shares of the information services provider's stock valued at $1,160,000 after purchasing an additional 1,161,184 shares during the last quarter.

Shares of Alphabet Inc. The fund owned 1,196 shares of the information services provider's stock after purchasing an additional 645 shares during the quarter. The stock was sold at an average price of $1,020.69, for a total transaction of $4,082,760.00. About 1.93 million shares traded or 27.31% up from the average. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction on Wednesday, January 3rd.

In other news, Director L John Doerr sold 12,236 shares of the stock in a transaction on Wednesday, November 15th. Following the completion of the transaction, the chief executive officer now directly owns 1,471 shares of the company's stock, valued at $1,461,556.18. The disclosure for this sale can be found here. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. The stock has a market capitalization of $782,040.00, a price-to-earnings ratio of 37.38 and a beta of 0.94. Google has $1350.0 highest and $670 lowest target.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, October 26th. After $9.57 actual earnings per share reported by Alphabet Inc. for the previous quarter, Wall Street now forecasts 5.64 % EPS growth. The firm had revenue of $27.77 billion during the quarter, compared to the consensus estimate of $27.17 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. Foothills Asset Management Ltd. boosted its stake in shares of Alphabet by 0.4% in the second quarter. During the same period past year, the firm earned $9.06 earnings per share.

GOOG has been the subject of several research reports. Vetr upgraded shares of Alphabet from a "hold" rating to a "buy" rating and set a $1,120.76 price target for the company in a research report on Tuesday. Finally, Morgan Stanley reiterated a "buy" rating on shares of Alphabet in a research report on Friday, October 27th. Piper Jaffray Companies increased their target price on Alphabet from $1,150.00 to $1,300.00 and gave the company an "overweight" rating in a report on Thursday. UBS Group reiterated a "buy" rating on shares of Alphabet in a research note on Thursday. Deutsche Bank reaffirmed a "buy" rating on shares of Alphabet in a research note on Wednesday, October 25th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, thirty-seven have issued a buy rating and one has issued a strong buy rating to the company's stock. The stock has a consensus rating of "Buy" and an average target price of $1,052.31. SunTrust maintained Alphabet Inc.

TRADEMARK VIOLATION NOTICE: This report was published by Week Herald and is the sole property of of Week Herald. The original version of this news story can be read at https://www.dispatchtribunal.com/2018/01/14/alphabet-inc-goog-shares-bought-by-smith-moore-co.html.

Several other hedge funds have also modified their holdings of the company.

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