Livingston Group Asset Management CO operating as Southport Capital Management Has $1.58 Million Stock Position in Alphabet Inc. (NASDAQ:GOOG)


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Livingston Group Asset Management CO operating as Southport Capital Management lowered its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 4.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 902 shares of the information services provider’s stock after selling 38 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in Alphabet were worth $1,580,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. boosted its position in shares of Alphabet by 5.4% during the 2nd quarter. Principal Financial Group Inc. now owns 785,123 shares of the information services provider’s stock valued at $1,109,860,000 after purchasing an additional 40,159 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Alphabet during the 2nd quarter valued at about $859,000. Orion Portfolio Solutions LLC boosted its position in shares of Alphabet by 37.2% during the 2nd quarter. Orion Portfolio Solutions LLC now owns 1,617 shares of the information services provider’s stock valued at $2,286,000 after purchasing an additional 438 shares in the last quarter. Rockbridge Investment Management LCC bought a new stake in shares of Alphabet during the 2nd quarter valued at about $211,000. Finally, Arvest Bank Trust Division boosted its position in shares of Alphabet by 16.1% during the 2nd quarter. Arvest Bank Trust Division now owns 223 shares of the information services provider’s stock valued at $316,000 after purchasing an additional 31 shares in the last quarter. 29.94% of the stock is owned by institutional investors and hedge funds.

Shares of Alphabet stock traded up $6.05 on Wednesday, hitting $1,752.60. The company had a trading volume of 49,019 shares, compared to its average volume of 1,790,221. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.39 and a current ratio of 3.41. The stock has a market capitalization of $1.19 trillion, a price-to-earnings ratio of 33.75, a P/E/G ratio of 2.04 and a beta of 0.98. The stock has a 50 day moving average of $1,770.85 and a 200-day moving average of $1,611.76. Alphabet Inc. has a 1 year low of $1,013.54 and a 1 year high of $1,847.20.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Tuesday, November 3rd. The information services provider reported $16.40 EPS for the quarter, beating the Zacks’ consensus estimate of $11.35 by $5.05. The company had revenue of $46.17 billion during the quarter, compared to the consensus estimate of $42.84 billion. Alphabet had a return on equity of 17.31% and a net margin of 20.80%. Alphabet’s revenue was up 14.0% on a year-over-year basis. During the same period last year, the business posted $10.12 earnings per share. Equities analysts anticipate that Alphabet Inc. will post 51.54 earnings per share for the current year.

In related news, CAO Amie Thuener O’toole sold 30 shares of the stock in a transaction that occurred on Tuesday, December 15th. The stock was sold at an average price of $1,764.42, for a total transaction of $52,932.60. Following the completion of the sale, the chief accounting officer now directly owns 846 shares of the company’s stock, valued at $1,492,699.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ann Mather sold 52 shares of the stock in a transaction that occurred on Monday, January 4th. The shares were sold at an average price of $1,757.54, for a total value of $91,392.08. Following the sale, the director now directly owns 1,117 shares of the company’s stock, valued at $1,963,172.18. The disclosure for this sale can be found here. Insiders have sold 1,564 shares of company stock valued at $2,756,038 over the last ninety days. 12.99% of the stock is currently owned by company insiders.

Several research analysts have issued reports on the company. Canaccord Genuity increased their price target on Alphabet from $1,800.00 to $1,900.00 and gave the stock a “buy” rating in a report on Monday, November 2nd. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Alphabet in a report on Wednesday, December 16th. Mizuho increased their price target on Alphabet from $1,750.00 to $1,810.00 and gave the stock a “buy” rating in a report on Friday, October 30th. Royal Bank of Canada reiterated a “buy” rating on shares of Alphabet in a report on Friday, October 30th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Alphabet in a report on Monday. Three analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $1,843.00.

Alphabet Company 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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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