National Bank of Thomasville buys 261 shares of Alphabet Inc. (NASDAQ:GOOG)


Thomasville National Bank raised its position in shares of Alphabet Inc. (NASDAQ:GOOG – Get Rating) by 2.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,586 shares of the information services provider after purchasing an additional 261 shares during the period. Alphabet comprises approximately 3.7% of Thomasville National Bank’s holdings, making it its 6th largest position. Thomasville National Bank’s holdings in Alphabet were worth $37,946,000 at the end of the last reporting period.

Other institutional investors and hedge funds have also been buying and selling shares of the company recently. Hoese & Co LLP increased its position in Alphabet shares by 400.0% during the fourth quarter. Hoese & Co LLP now owns 10 shares of the information services provider worth $29,000 after buying 8 additional shares in the last quarter. Maryland Capital Advisors Inc. bought a new position in shares of Alphabet during the fourth quarter for a value of approximately $29,000. Paragon Capital Management Ltd bought a new position in shares of Alphabet during the fourth quarter for a value of approximately $35,000. Rather & Kittrell Inc. bought a new position in Alphabet stock during the fourth quarter worth approximately $34,000. Finally, Comprehensive Financial Consultants Institutional Inc. bought a new position in Alphabet stock during the fourth quarter worth approximately $37,000. Institutional investors and hedge funds hold 31.20% of the company’s shares.

NASDAQ GOOG shares opened at $2,370.76 on Monday. Alphabet Inc. has a 52-week low of $2,044.16 and a 52-week high of $3,042.00. The company has a fifty-day moving average of $2,298.68 and a 200-day moving average of $2,590.67. The stock has a market capitalization of $1.56 trillion, a PE ratio of 21.44, a P/E/G ratio of 1.16 and a beta of 1.13. The company has a quick ratio of 2.85, a current ratio of 2.87 and a leverage ratio of 0.06.

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

Alphabet (NASDAQ:GOOG – Get 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). Alphabet had a net margin of 27.57% and a return on equity of 30.18%. The company posted revenue of $56.02 billion for the quarter, versus $56.17 billion expected by analysts. In the same period a year earlier, the company earned earnings per share of $26.29. Equity research analysts expect Alphabet Inc. to post EPS of 110.83 for the current fiscal year.

A number of stock analysts have recently published GOOG stock reports. Deutsche Bank Aktiengesellschaft lowered its price target on Alphabet from $3,150.00 to $2,900.00 in a report on Wednesday, April 27. Tigress Financial raised its price target on Alphabet from $3,540.00 to $3,670.00 in a Friday, March 18 report. Raymond James lowered his price target on Alphabet from $3,630.00 to $3,180.00 in a report on Wednesday, April 27. Canaccord Genuity Group lowered its price target on Alphabet from $3,500.00 to $3,300.00 and set a “buy” rating on the stock in a Wednesday, April 27 report. Finally, Wedbush reaffirmed an “outperforming” rating on Alphabet shares in a report on Wednesday, April 20. Twenty-nine investment analysts have rated the stock with a buy rating. According to data from MarketBeat, the stock has a consensus buy rating and an average target price of $3,315.38.

In other Alphabet news, SVP Prabhakar Raghavan sold 1,276 shares of the company in a trade dated Monday, April 4. The shares were sold at an average price of $2,816.49, for a total value of $3,593,841.24. Following the completion of the transaction, the senior vice president now directly owns 14,034 shares of the company, valued at approximately $39,526,620.66. The transaction was disclosed in a filing with the SEC, accessible via this link. Additionally, 2016 major shareholder Gp LLC Gv sold 544,249 shares of the company in a transaction dated Monday, April 11. The shares were sold at an average price of $11.16, for a total transaction of $6,073,818.84. The disclosure of this sale can be found here. In the past ninety days, insiders have sold 551,675 shares of the company valued at $25,567,428. 12.99% of the shares are held by company insiders.

About the alphabet (Get an assessment)

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.

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Institutional ownership by quarter for Alphabet (NASDAQ:GOOG)



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