Alphabet Inc Class C (GOOG) Holdings Boosted by Circle Wealth Management LLC

Circle Wealth Management LLC boosted its holdings in shares of Alphabet Inc Class C (NASDAQ:GOOG) by 17.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,779 shares of the information services provider’s stock after buying an additional 270 shares during the quarter. Alphabet Inc Class C makes up approximately 0.7% of Circle Wealth Management LLC’s investment portfolio, making the stock its 21st largest position. Circle Wealth Management LLC’s holdings in Alphabet Inc Class C were worth $1,836,000 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 GOOG. Smart Portfolios LLC acquired a new position in shares of Alphabet Inc Class C in the first quarter valued at approximately $103,000. Litman Gregory Asset Management LLC acquired a new position in shares of Alphabet Inc Class C in the first quarter valued at approximately $113,000. WealthShield LLC acquired a new position in shares of Alphabet Inc Class C in the fourth quarter valued at approximately $144,000. Stelac Advisory Services LLC acquired a new position in shares of Alphabet Inc Class C in the first quarter valued at approximately $145,000. Finally, Earnest Partners LLC acquired a new position in shares of Alphabet Inc Class C in the fourth quarter valued at approximately $148,000. 34.28% of the stock is currently owned by hedge funds and other institutional investors.

Shares of GOOG stock opened at $1,237.61 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.15 and a quick ratio of 4.13. The company has a market capitalization of $866.88 billion, a P/E ratio of 38.61 and a beta of 1.13. Alphabet Inc Class C has a 1 year low of $903.40 and a 1 year high of $1,273.89.

Alphabet Inc Class C (NASDAQ:GOOG) last issued its quarterly earnings results on Monday, July 23rd. The information services provider reported $11.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.66 by $2.09. The business had revenue of $32.66 billion during the quarter, compared to analysts’ expectations of $32.13 billion. Alphabet Inc Class C had a return on equity of 18.24% and a net margin of 13.16%. The firm’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period in the previous year, the company posted $5.01 earnings per share.

In related news, Director Ann Mather sold 39 shares of the business’s stock in a transaction that occurred on Friday, June 1st. The stock was sold at an average price of $1,099.06, for a total value of $42,863.34. Following the completion of the sale, the director now directly owns 1,862 shares in the company, valued at $2,046,449.72. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Amie Thuener O’toole sold 72 shares of the company’s stock in a transaction on Monday, June 4th. The stock was sold at an average price of $1,122.33, for a total value of $80,807.76. Following the sale, the vice president now owns 388 shares of the company’s stock, valued at $435,464.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 83,670 shares of company stock valued at $96,074,702. 13.11% of the stock is currently owned by corporate insiders.

GOOG has been the topic of several research reports. BidaskClub raised Alphabet Inc Class C from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 26th. Morgan Stanley reaffirmed a “buy” rating on shares of Alphabet Inc Class C in a research report on Tuesday, August 7th. Goldman Sachs Group reaffirmed a “$1,186.96” rating on shares of Alphabet Inc Class C in a research report on Thursday, July 19th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $1,400.00 target price on shares of Alphabet Inc Class C in a research report on Tuesday, July 24th. Finally, Oppenheimer upped their target price on Alphabet Inc Class C from $1,340.00 to $1,350.00 and gave the company an “outperform” rating in a research report on Tuesday, April 24th. Two equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. Alphabet Inc Class C presently has an average rating of “Buy” and an average price target of $1,245.96.

About Alphabet Inc Class C

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet Inc Class C (NASDAQ:GOOG)

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