Bar Harbor Trust Services reduced its stake in shares of Alphabet Inc. (NASDAQ: GOOGLGet a rating) by 16.5% in the 1st quarter, Participation channel reports. The fund held 766 shares of the information services provider after selling 151 shares during the quarter. Bar Harbor Trust Services’ holdings in Alphabet were worth $2,131,000 at the end of the last quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GOOGL. New World Advisors LLC increased its stake in Alphabet shares by 7.5% during the 3rd quarter. New World Advisors LLC now owns 428 shares of the information services provider worth $1,178,000 after acquiring 30 additional shares during the period. MFA Wealth Advisors LLC acquired a new stake in Alphabet stock during Q3 worth approximately $145,000. Studio Investment Management LLC acquired a new stake in Alphabet stock during Q3 for a value of approximately $9,817,000. Willis Investment Counsel increased its position in Alphabet shares by 15.8% during the third quarter. Willis Investment Counsel now owns 3,545 shares of the information services provider worth $9,478,000 after buying 483 additional shares in the last quarter. Finally, Centiva Capital LP acquired a new equity stake in Alphabet during Q3 worth approximately $1,773,000. Institutional investors and hedge funds hold 41.70% of the company’s shares.

Shares of Alphabetical stock opened at $2,316.67 on Tuesday. The company’s fifty-day simple moving average is $2,286.41 and its 200-day simple moving average is $2,580.32. The stock has a market capitalization of $1.53 trillion, a price/earnings ratio of 20.95, a PEG ratio of 1.15 and a beta of 1.13. Alphabet Inc. has a 12-month low of $2,037.69 and a 12-month high of $3,030.93. The company has a debt ratio of 0.06, a current ratio of 2.87 and a quick ratio of 2.85.

Alphabet shares will be split on Monday, July 18. The 20-1 split was announced on Tuesday, February 1. The newly issued shares will be distributed to shareholders after market close on Friday, July 15.

Alphabet (NASDAQ: GOOGLGet a rating) last reported quarterly earnings data on Tuesday, April 26. The information services provider reported earnings per share (EPS) of $24.62 for the quarter, missing the consensus estimate of $25.70 per ($1.08). The company posted revenue of $56.02 billion in the quarter, versus analyst estimates of $56.17 billion. Alphabet had a net margin of 27.57% and a return on equity of 30.18%. In the same period a year earlier, the company posted earnings per share of $26.29. Analysts expect Alphabet Inc. to post earnings per share of 110.83 for the current year.

In other news, Director Brin Sergei sold 2,639 shares of the company in a transaction on Monday, April 11. The shares were sold at an average price of $2,632.28, for a total transaction of $6,946,586.92. As a result of the transaction, the administrator now directly owns 18,599,842 shares of the company, valued at approximately $48,959,992,099.76. The transaction was disclosed in a document filed with the SEC, accessible via the SEC website. Also, CAD Amie Thuener O’toole sold 42 shares of the company in a trade on Tuesday, May 3. The stock was sold at an average price of $2,335.30, for a total transaction of $98,082.60. Following the transaction, the chief accounting officer now directly owns 1,170 shares of the company, valued at $2,732,301. Disclosure of this sale can be found here. Insiders sold a total of 550,357 shares of the company worth $21,855,978 in the past three months. 11.44% of the shares are currently held by company insiders.

GOOGL has been the subject of a number of recent analyst reports. Jefferies Financial Group reduced its price target on Alphabet from $3,400.00 to $3,100.00 in a Tuesday, May 24 research report. UBS Group lowered its price target on Alphabet from $3,600.00 to $2,650.00 and set a “buy” rating for the company in a Thursday, June 16 research report. Credit Suisse Group lowered its price target on Alphabet from $3,450.00 to $3,400.00 and set an “outperform” rating for the company in a Wednesday, April 27 research report. Citigroup lowered its target price on Alphabet from $3,500.00 to $3,175.00 in a Wednesday, April 27 research report. To finish, StockNews.com Alphabet downgraded from a “buy” rating to a “hold” rating in a Friday, April 29 research report. One analyst gave the stock a hold rating, thirty-four gave the company a buy rating and one gave the company a high buy rating. According to MarketBeat.com, the company currently has a consensus buy rating and a consensus price target of $3,297.86.

Alphabetical Profile (Get a rating)

Alphabet Inc provides various products and platforms in the United States, Europe, the Middle East, Africa, Asia-Pacific, Canada and Latin America. It operates through Google Services, Google Cloud and Other Bets segments. The Google Services segment offers products and services, including Ads, Android, Chrome, Hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search and YouTube.

Recommended Stories

Want to see which other hedge funds hold GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ: GOOGLGet a rating).

Institutional ownership by quarter for Alphabet (NASDAQ:GOOGL)



Get news and reviews for Alphabet Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Alphabet and related companies with MarketBeat.com’s free daily email newsletter.

Previous

Bar Harbor Trust Services sells 58 shares of Visa Inc. (NYSE:V)

Next

Bar Harbor Trust Services sells 1,346 shares of JPMorgan Chase & Co. (NYSE: JPM)

Check Also