Monetary Management Group Inc. Purchases 106 Shares of Alphabet Inc (GOOG)

Monetary Management Group Inc. boosted its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 3.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,947 shares of the company’s stock after buying an additional 106 shares during the period. Monetary Management Group Inc.’s holdings in Alphabet were worth $2,275,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Signature Estate & Investment Advisors LLC purchased a new position in shares of Alphabet during the third quarter valued at about $102,000. Empirical Finance LLC purchased a new position in shares of Alphabet during the fourth quarter valued at about $115,000. Quantbot Technologies LP raised its position in shares of Alphabet by 64.2% in the third quarter. Quantbot Technologies LP now owns 156 shares of the company’s stock valued at $121,000 after buying an additional 61 shares during the period. Trust Department MB Financial Bank N A raised its position in shares of Alphabet by 3.0% in the third quarter. Trust Department MB Financial Bank N A now owns 170 shares of the company’s stock valued at $132,000 after buying an additional 5 shares during the period. Finally, Klingman & Associates LLC raised its position in shares of Alphabet by 28.7% in the third quarter. Klingman & Associates LLC now owns 184 shares of the company’s stock valued at $143,000 after buying an additional 41 shares during the period. 34.74% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Shares of Alphabet Inc (NASDAQ:GOOG) opened at 814.43 on Friday. The firm has a market capitalization of $563.11 billion, a PE ratio of 29.22 and a beta of 0.94. The stock has a 50 day moving average price of $827.97 and a 200-day moving average price of $795.10. Alphabet Inc has a 52-week low of $663.28 and a 52-week high of $853.50.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, January 26th. The company reported $9.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $9.67 by $0.31. The business earned $26.04 billion during the quarter, compared to analyst estimates of $25.18 billion. Alphabet had a net margin of 21.58% and a return on equity of 14.85%. The firm’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $8.67 earnings per share. Equities analysts forecast that Alphabet Inc will post $33.34 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This news story was first posted by Web Breaking News and is owned by of Web Breaking News. If you are reading this news story on another site, it was illegally stolen and reposted in violation of United States and international copyright laws. The legal version of this news story can be read at http://www.webbreakingnews.com/2017/03/25/monetary-management-group-inc-purchases-106-shares-of-alphabet-inc-goog.html.

Several brokerages have recently issued reports on GOOG. Hilliard Lyons reaffirmed a “neutral” rating and set a $865.00 price target on shares of Alphabet in a research note on Saturday, March 11th. Royal Bank of Canada set a $880.00 price target on Alphabet and gave the company a “buy” rating in a research note on Monday, December 26th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $1,000.00 price target (up previously from $975.00) on shares of Alphabet in a research note on Saturday, March 11th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Alphabet in a research note on Thursday, February 16th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $960.00 price target on shares of Alphabet in a research note on Wednesday, March 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and forty-one have assigned a buy rating to the company’s stock. Alphabet has a consensus rating of “Buy” and an average target price of $961.57.

In related news, insider Sergey Brin sold 66,664 shares of the business’s stock in a transaction dated Thursday, December 29th. The stock was sold at an average price of $793.27, for a total value of $52,882,551.28. Following the completion of the sale, the insider now directly owns 16,666 shares of the company’s stock, valued at approximately $13,220,637.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $790.38, for a total value of $3,161,520.00. Following the completion of the sale, the chief executive officer now directly owns 2,791 shares of the company’s stock, valued at $2,205,950.58. The disclosure for this sale can be found here. Insiders sold a total of 448,570 shares of company stock worth $361,372,987 over the last three months. 13.92% of the stock is owned by company insiders.

Alphabet Company Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. 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.

5 Day Chart for NASDAQ:GOOG

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc (NASDAQ:GOOG).

Receive News & Ratings for Alphabet Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Nike Suspends Relationship with Maria Sharapova
Nike Suspends Relationship with Maria Sharapova
Rob Bironas Ex-Titans Kicker Dies in Car Crash
Rob Bironas Ex-Titans Kicker Dies in Car Crash
Ron Washington Leaves Texas Rangers Due to an Affair
Ron Washington Leaves Texas Rangers Due to an Affair
Jonathan Dwyer Falls in Line with Other Banned NFL Players
Jonathan Dwyer Falls in Line with Other Banned NFL Players
Tony Stewart Case Going to the Grand Jury
Tony Stewart Case Going to the Grand Jury
Oscar Pistorius “Blade Runner” Found Not Guilty of Murder
Oscar Pistorius “Blade Runner” Found Not Guilty of Murder


Leave a Reply

 
© 2006-2017 Web Breaking News.