Rhumbline Advisers Has $544.23 Million Holdings in Alphabet Inc (GOOG)

Rhumbline Advisers trimmed its position in Alphabet Inc (NASDAQ:GOOG) by 0.1% during the 4th quarter, Holdings Channel reports. The firm owned 525,513 shares of the information services provider’s stock after selling 453 shares during the period. Alphabet accounts for about 1.2% of Rhumbline Advisers’ portfolio, making the stock its 7th largest position. Rhumbline Advisers’ holdings in Alphabet were worth $544,227,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Diversified Trust Co raised its stake in shares of Alphabet by 0.7% in the 3rd quarter. Diversified Trust Co now owns 1,508 shares of the information services provider’s stock valued at $1,800,000 after acquiring an additional 10 shares during the period. Bath Savings Trust Co raised its stake in shares of Alphabet by 4.1% in the 4th quarter. Bath Savings Trust Co now owns 256 shares of the information services provider’s stock valued at $265,000 after acquiring an additional 10 shares during the period. Hemenway Trust Co LLC raised its stake in shares of Alphabet by 2.9% in the 4th quarter. Hemenway Trust Co LLC now owns 358 shares of the information services provider’s stock valued at $371,000 after acquiring an additional 10 shares during the period. Vigilant Capital Management LLC raised its stake in shares of Alphabet by 6.4% in the 4th quarter. Vigilant Capital Management LLC now owns 183 shares of the information services provider’s stock valued at $190,000 after acquiring an additional 11 shares during the period. Finally, DeDora Capital Inc. raised its stake in shares of Alphabet by 0.6% in the 4th quarter. DeDora Capital Inc. now owns 1,814 shares of the information services provider’s stock valued at $1,879,000 after acquiring an additional 11 shares during the period. Institutional investors own 34.49% of the company’s stock.

In other Alphabet news, Director Ann Mather sold 38 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $1,124.90, for a total value of $42,746.20. Following the sale, the director now directly owns 1,797 shares of the company’s stock, valued at approximately $2,021,445.30. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Amie Thuener O’toole sold 89 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $1,195.32, for a total transaction of $106,383.48. Following the completion of the sale, the vice president now directly owns 388 shares in the company, valued at $463,784.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 759 shares of company stock worth $890,683. Insiders own 13.11% of the company’s stock.

Shares of GOOG opened at $1,272.18 on Friday. Alphabet Inc has a fifty-two week low of $970.11 and a fifty-two week high of $1,273.89. The company has a market cap of $884.40 billion, a P/E ratio of 26.78, a price-to-earnings-growth ratio of 1.49 and a beta of 1.05. The company has a current ratio of 3.92, a quick ratio of 3.89 and a debt-to-equity ratio of 0.02.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Monday, February 4th. The information services provider reported $12.77 earnings per share for the quarter, topping the consensus estimate of $10.86 by $1.91. Alphabet had a net margin of 22.47% and a return on equity of 19.94%. The firm had revenue of $39.28 billion for the quarter, compared to the consensus estimate of $38.91 billion. During the same period in the prior year, the firm earned $9.70 EPS. The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. On average, research analysts forecast that Alphabet Inc will post 47.36 earnings per share for the current fiscal year.

GOOG has been the topic of a number of research analyst reports. UBS Group reissued a “buy” rating on shares of Alphabet in a research note on Monday, January 14th. Deutsche Bank reduced their price target on shares of Alphabet from $1,350.00 to $1,300.00 and set a “buy” rating on the stock in a research note on Wednesday, January 23rd. BidaskClub raised shares of Alphabet from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a research note on Tuesday, February 12th. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of Alphabet in a research note on Wednesday, January 2nd. Two investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $1,366.85.

ILLEGAL ACTIVITY WARNING: This piece of content was posted by Baseball Daily News and is the sole property of of Baseball Daily News. If you are viewing this piece of content on another publication, it was stolen and republished in violation of US & international copyright & trademark law. The original version of this piece of content can be viewed at https://www.baseballdailydigest.com/news/2019/04/27/rhumbline-advisers-has-544-23-million-holdings-in-alphabet-inc-goog.html.

Alphabet Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

Featured Article: Catch-Up Contributions

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).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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