FNY Investment Advisers LLC Has $570,000 Stock Position in Alphabet Inc. (NASDAQ:GOOG)

FNY Investment Advisers LLC boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 40.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,715 shares of the information services provider’s stock after buying an additional 1,350 shares during the period. FNY Investment Advisers LLC’s holdings in Alphabet were worth $570,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of the company. Totem Point Management LLC raised its stake in Alphabet by 22.0% in the first quarter. Totem Point Management LLC now owns 3,171 shares of the information services provider’s stock valued at $8,857,000 after buying an additional 571 shares during the period. Somerville Kurt F increased its stake in shares of Alphabet by 10.3% during the first quarter. Somerville Kurt F now owns 118 shares of the information services provider’s stock worth $330,000 after purchasing an additional 11 shares during the period. BCK Partners Inc. bought a new position in shares of Alphabet during the first quarter worth approximately $2,564,000. Hall Capital Management Co. Inc. increased its stake in shares of Alphabet by 53.2% during the first quarter. Hall Capital Management Co. Inc. now owns 144 shares of the information services provider’s stock worth $402,000 after purchasing an additional 50 shares during the period. Finally, Fairfield Bush & CO. increased its stake in shares of Alphabet by 6.8% during the first quarter. Fairfield Bush & CO. now owns 3,370 shares of the information services provider’s stock worth $9,412,000 after purchasing an additional 214 shares during the period. 27.13% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Ann Mather sold 380 shares of the stock in a transaction on Monday, June 26th. The stock was sold at an average price of $121.42, for a total value of $46,139.60. Following the completion of the transaction, the director now directly owns 4,700 shares in the company, valued at approximately $570,674. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $137.30, for a total transaction of $27,460.00. Following the completion of the transaction, the director now directly owns 7,584 shares of the company’s stock, valued at approximately $1,041,283.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ann Mather sold 380 shares of the firm’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $121.42, for a total value of $46,139.60. Following the transaction, the director now directly owns 4,700 shares of the company’s stock, valued at $570,674. The disclosure for this sale can be found here. In the last ninety days, insiders sold 96,092 shares of company stock worth $12,221,941. Insiders own 12.99% of the company’s stock.

Alphabet Trading Up 0.5 %

Shares of GOOG stock opened at $138.96 on Tuesday. The stock’s fifty day moving average price is $130.22 and its two-hundred day moving average price is $118.50. The company has a market cap of $1.75 trillion, a PE ratio of 29.44, a P/E/G ratio of 1.59 and a beta of 1.06. Alphabet Inc. has a fifty-two week low of $83.45 and a fifty-two week high of $139.93. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.14 and a current ratio of 2.17.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Tuesday, July 25th. The information services provider reported $1.44 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.12. Alphabet had a return on equity of 23.49% and a net margin of 21.05%. The company had revenue of $74.60 billion during the quarter, compared to analysts’ expectations of $72.85 billion. During the same period in the prior year, the company earned $1.21 EPS. Alphabet’s revenue was up 7.1% compared to the same quarter last year. Equities analysts predict that Alphabet Inc. will post 5.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on GOOG shares. Susquehanna increased their target price on Alphabet from $120.00 to $150.00 in a research note on Wednesday, July 26th. Wedbush began coverage on Alphabet in a research note on Monday, August 21st. They set an “outperform” rating on the stock. Oppenheimer increased their price target on Alphabet from $145.00 to $160.00 in a research report on Wednesday, July 26th. Finally, Robert W. Baird increased their price target on Alphabet from $123.00 to $140.00 in a research report on Wednesday, July 26th. Thirteen analysts have rated the stock with a buy rating, According to MarketBeat.com, Alphabet has a consensus rating of “Buy” and an average target price of $130.94.

Alphabet Company Profile

Alphabet Inc offers 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 provides products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.