Quest Capital Management Inc. ADV Has $483,000 Holdings in Alphabet Inc (NASDAQ:GOOG)

Share on StockTwits

Quest Capital Management Inc. ADV cut its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 99.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 447 shares of the information services provider’s stock after selling 42,781 shares during the quarter. Quest Capital Management Inc. ADV’s holdings in Alphabet were worth $483,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in GOOG. Oregon Public Employees Retirement Fund lifted its holdings in shares of Alphabet by 102,010.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 56,224,303 shares of the information services provider’s stock valued at $54,000 after buying an additional 56,169,241 shares during the last quarter. Lunia Capital LP lifted its holdings in shares of Alphabet by 135,522.5% during the 4th quarter. Lunia Capital LP now owns 16,870,086 shares of the information services provider’s stock valued at $16,870,000 after buying an additional 16,857,647 shares during the last quarter. Investec Asset Management LTD lifted its holdings in shares of Alphabet by 2,660.9% during the 2nd quarter. Investec Asset Management LTD now owns 648,507 shares of the information services provider’s stock valued at $19,478,000 after buying an additional 625,018 shares during the last quarter. PenderFund Capital Management Ltd. lifted its holdings in shares of Alphabet by 127,265.7% during the 2nd quarter. PenderFund Capital Management Ltd. now owns 445,780 shares of the information services provider’s stock valued at $4,906,000 after buying an additional 445,430 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Alphabet by 129.3% during the 4th quarter. Nordea Investment Management AB now owns 723,309 shares of the information services provider’s stock valued at $755,828,000 after buying an additional 407,812 shares during the last quarter. Hedge funds and other institutional investors own 34.00% of the company’s stock.

A number of research analysts recently weighed in on the company. Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. reissued a “buy” rating on shares of Alphabet in a research note on Friday, July 26th. BidaskClub raised Alphabet from a “hold” rating to a “buy” rating in a research note on Saturday, July 13th. Benchmark reissued a “buy” rating and issued a $1,360.00 price objective (up from $1,315.00) on shares of Alphabet in a research note on Friday, July 26th. Finally, Stifel Nicolaus downgraded Alphabet from a “buy” rating to a “hold” rating and set a $1,287.00 price objective on the stock. in a research note on Tuesday, April 30th. Three research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. Alphabet has an average rating of “Buy” and a consensus price target of $1,378.93.

NASDAQ GOOG traded down $3.24 during trading on Tuesday, hitting $1,195.21. The company’s stock had a trading volume of 211,006 shares, compared to its average volume of 1,725,303. The company has a quick ratio of 3.96, a current ratio of 3.98 and a debt-to-equity ratio of 0.07. The firm has a 50 day moving average price of $1,165.23 and a 200 day moving average price of $1,154.76. The firm has a market cap of $816.54 billion, a P/E ratio of 25.16, a price-to-earnings-growth ratio of 1.29 and a beta of 0.96. Alphabet Inc has a 52 week low of $970.11 and a 52 week high of $1,289.27.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, July 25th. The information services provider reported $14.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $11.49 by $2.72. The company had revenue of $38.94 billion for the quarter, compared to the consensus estimate of $38.21 billion. Alphabet had a return on equity of 20.15% and a net margin of 23.43%. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same period in the previous year, the business posted $11.75 EPS. On average, equities analysts expect that Alphabet Inc will post 52.1 earnings per share for the current year.

In other Alphabet news, CAO Amie Thuener O’toole sold 69 shares of Alphabet stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $1,042.90, for a total value of $71,960.10. Following the transaction, the chief accounting officer now directly owns 388 shares of the company’s stock, valued at approximately $404,645.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Capitalg Lp purchased 140,000 shares of the company’s stock in a transaction on Friday, June 14th. The stock was acquired at an average cost of $34.00 per share, for a total transaction of $4,760,000.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 2,123 shares of company stock worth $2,553,758. Company insiders own 12.99% of the company’s stock.

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.

Further Reading: Municipal Bonds

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.