The Alphabet Inc (GOOG) Shares Bought by Palisade Capital Management LLC NJ

The Alphabet Inc (GOOG) Shares Bought by Palisade Capital Management LLC NJ

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOG. Howland Capital Management LLC increased its position in Alphabet by 0.3% in the first quarter. Howland Capital Management LLC now owns 637 shares of the information services provider’s stock valued at $528,000 after buying an additional 2 shares in the last quarter. Shufro Rose & Co. LLC increased its position in Alphabet by 1.4% in the third quarter. Shufro Rose & Co. LLC now owns 362 shares of the information services provider’s stock valued at $281,000 after buying an additional 5 shares in the last quarter. Smith Moore & CO. increased its position in Alphabet by 1.6% in the fourth quarter. Smith Moore & CO. now owns 325 shares of the information services provider’s stock valued at $251,000 after buying an additional 5 shares in the last quarter. CGOV Asset Management increased its position in Alphabet by 0.4% in the first quarter. CGOV Asset Management now owns 1,405 shares of the information services provider’s stock valued at $1,553,000 after buying an additional 5 shares in the last quarter. Finally, Park National Corp OH increased its position in Alphabet by 0.7% in the first quarter. Park National Corp OH now owns 812 shares of the information services provider’s stock valued at $673,000 after buying an additional 6 shares in the last quarter. 34.74% of the stock is owned by institutional investors.

Palisade Capital Management LLC NJ boosted its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 79.7% during the first quarter, Holdings Channel reports. The institutional investor owned 9,602 shares of the information services provider’s stock after buying an additional 4,258 shares during the period. Palisade Capital Management LLC NJ’s holdings in Alphabet were worth $7,965,000 at the end of the most recent reporting period.

Shares of Alphabet Inc (GOOG) opened at 975.60 on Monday. The company has a market cap of $674.87 billion, a P/E ratio of 32.97 and a beta of 0.94. The company has a 50-day moving average price of $917.38 and a 200-day moving average price of $834.64. Alphabet Inc has a 52-week low of $663.28 and a 52-week high of $979.27.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, April 27th. The information services provider reported $7.73 EPS for the quarter, beating analysts’ consensus estimates of $7.38 by $0.35. Alphabet had a return on equity of 14.85% and a net margin of 21.58%. The company had revenue of $24.75 billion during the quarter, compared to analyst estimates of $24.18 billion. During the same period in the prior year, the company earned $7.50 earnings per share. The firm’s revenue was up 22.2% on a year-over-year basis. On average, equities analysts predict that Alphabet Inc will post $33.88 EPS for the current year.

A number of research firms have weighed in on GOOG. Instinet reissued a “buy” rating on shares of Alphabet in a research report on Friday. Morgan Stanley reissued a “buy” rating on shares of Alphabet in a research report on Monday, May 29th. Vetr raised shares of Alphabet from a “sell” rating to a “hold” rating and set a $907.74 target price for the company in a research report on Wednesday, May 17th. Aegis reissued a “buy” rating on shares of Alphabet in a research report on Monday, May 22nd. Finally, MKM Partners reissued a “buy” rating and set a $1,000.00 target price on shares of Alphabet in a research report on Tuesday, April 25th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and forty-one have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $981.49.

In other news, SVP David C. Drummond sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $852.42, for a total value of $1,704,840.00. Following the completion of the sale, the senior vice president now directly owns 5,800 shares of the company’s stock, valued at approximately $4,944,036. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP James Grier Campbell sold 183 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $968.95, for a total value of $177,317.85. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,085 shares of company stock valued at $37,765,241. 13.92% of the stock is owned by corporate insiders. About Alphabet

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:GOOG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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