Welch Capital Partners LLC NY Purchases 475 Shares of Alphabet Inc (NASDAQ:GOOG)

Welch Capital Partners LLC NY increased its position in Alphabet Inc (NASDAQ:GOOG) by 5.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,947 shares of the information services provider’s stock after acquiring an additional 475 shares during the period. Alphabet makes up about 3.7% of Welch Capital Partners LLC NY’s investment portfolio, making the stock its 4th biggest position. Welch Capital Partners LLC NY’s holdings in Alphabet were worth $10,752,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. First Bank & Trust raised its position in shares of Alphabet by 0.8% in the 2nd quarter. First Bank & Trust now owns 1,025 shares of the information services provider’s stock worth $1,108,000 after buying an additional 8 shares during the period. Central Bank & Trust Co. raised its position in shares of Alphabet by 3.1% in the 2nd quarter. Central Bank & Trust Co. now owns 295 shares of the information services provider’s stock worth $319,000 after buying an additional 9 shares during the period. Telos Capital Management Inc. raised its position in shares of Alphabet by 1.0% in the 2nd quarter. Telos Capital Management Inc. now owns 921 shares of the information services provider’s stock worth $996,000 after buying an additional 9 shares during the period. TD Capital Management LLC raised its position in shares of Alphabet by 38.5% in the 4th quarter. TD Capital Management LLC now owns 36 shares of the information services provider’s stock worth $37,000 after buying an additional 10 shares during the period. Finally, Meristem Family Wealth LLC raised its position in shares of Alphabet by 1.5% in the 4th quarter. Meristem Family Wealth LLC now owns 690 shares of the information services provider’s stock worth $715,000 after buying an additional 10 shares during the period. Institutional investors and hedge funds own 33.98% of the company’s stock.

NASDAQ:GOOG traded up $8.14 during mid-day trading on Thursday, hitting $1,172.43. The company had a trading volume of 24,357 shares, compared to its average volume of 1,719,128. The business has a fifty day simple moving average of $1,155.12. The company has a quick ratio of 3.96, a current ratio of 3.98 and a debt-to-equity ratio of 0.07. Alphabet Inc has a 1 year low of $970.11 and a 1 year high of $1,289.27. The company has a market capitalization of $814.54 billion, a price-to-earnings ratio of 24.74, a price-to-earnings-growth ratio of 1.29 and a beta of 0.96.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, July 25th. The information services provider reported $14.21 EPS for the quarter, beating the consensus estimate of $11.49 by $2.72. Alphabet had a return on equity of 20.15% and a net margin of 23.43%. The company had revenue of $38.94 billion for the quarter, compared to analyst estimates of $38.21 billion. During the same period last year, the company posted $11.75 earnings per share. The firm’s revenue was up 19.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Alphabet Inc will post 52.1 EPS for the current year.

GOOG has been the topic of several research reports. Bank of America reaffirmed a “buy” rating and issued a $1,450.00 target price (up from $1,350.00) on shares of Alphabet in a research report on Friday, July 26th. Barclays reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, July 26th. BidaskClub raised Alphabet from a “hold” rating to a “buy” rating in a research report on Saturday, July 13th. Oppenheimer increased their target price on Alphabet from $1,342.00 to $1,370.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Zacks Investment Research raised Alphabet from a “hold” rating to a “buy” rating and set a $1,372.00 target price on the stock in a research report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. Alphabet currently has a consensus rating of “Buy” and an average target price of $1,378.93.

In other news, VP Amie Thuener O’toole sold 69 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $1,100.52, for a total transaction of $75,935.88. Following the completion of the sale, the vice president now directly owns 388 shares in the company, valued at $427,001.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Capitalg Lp bought 140,000 shares of the stock in a transaction dated Friday, June 14th. The shares were acquired at an average price of $34.00 per share, with a total value of $4,760,000.00. The disclosure for this purchase can be found here. Insiders sold 2,123 shares of company stock worth $2,553,758 over the last three months. 12.99% of the stock is currently owned by corporate insiders.

About Alphabet

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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