Coastline Trust Co Has $4.12 Million Position in Alphabet Inc. (GOOGL)

This represents an increase of approximately 498% compared to the average daily volume of 836 put options.

Alphabet (NASDAQ:GOOG) traded down 1.02% during midday trading on Friday, reaching $932.66.

The slide was again led by sector heavyweights Apple and Alphabet, as investors moved away from what had been the year's best-performing sector and rotated portfolios into stocks that pay higher dividends amid some signs that US economic weakness. The firm has a market cap of $664.20 billion, a PE ratio of 32.45 and a beta of 0.96. The firm has a 50 day moving average price of $944.37 and a 200-day moving average price of $846.37.

Wall Street await Alphabet Inc (NASDAQ:GOOGL) to release earnings on July, 27.

NEW YORK, June 15 The U.S. technology sector fell on Thursday, pulled down by heavyweights including Apple Inc and Alphabet Inc after bearish analyst research gave investors a reason to take profits on the stock market's recent champion sector. The firm had revenue of $20.12 billion for the quarter, compared to analyst estimates of $19.65 billion. During the same period in the previous year, the business earned $7.50 EPS. The company's revenue for the quarter was up 22.2% compared to the same quarter past year. On average, equities research analysts anticipate that Alphabet will post $33.91 earnings per share for the current year.

Companies including Apple and Google parent Alphabet have seen their stock prices soar in 2017, and their heavy weightings in benchmark stock indexes prompted concerns that overall market gains are too concentrated in a handful of large technology firms. The stock was sold at an average price of $948.90, for a total transaction of $1,897,800.00. Also, VP James Grier Campbell sold 366 shares of the stock in a transaction on Monday, May 1st. The shares were sold at an average price of $902.72, for a total value of $1,681,767.36. 1,070,469 shares of the stock were exchanged. The disclosure for this sale can be found here. NY now owns 136 shares of the information services provider's stock worth $115,000 after buying an additional 10 shares in the last quarter.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GOOGL. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in shares of Alphabet during the fourth quarter worth $341,958,000. Delta Asset Management LLC TN raised its position in Alphabet by 1.5% in the first quarter. Glenview Capital Management LLC purchased a new stake in Alphabet during the fourth quarter valued at about $605,119,000. Fusion Family Wealth LLC bought a new position in shares of Alphabet during the fourth quarter valued at about $150,000.

Morgan Stanley restated their overweight rating on shares of Alphabet Inc. NY increased its stake in Alphabet by 7.9% in the first quarter. Ltd. boosted its stake in Alphabet by 1,116.6% in the fourth quarter. Modera Wealth Management LLC now owns 575 shares of the information services provider's stock valued at $477,000 after buying an additional 3 shares in the last quarter. Hedge funds and other institutional investors own 34.72% of the company's stock.

Shares of Alphabet Inc. slumped 2.1% Thursday, after the stock was downgraded to neutral from buy at Canaccord Genuity. William Blair reiterated an "outperform" rating on shares of Alphabet in a research report on Friday, March 3rd. Mizuho reaffirmed a "buy" rating and issued a $1,024.00 target price on shares of Alphabet in a research report on Thursday, March 23rd. Instinet reiterated a "buy" rating and set a $925.00 price target on shares of Alphabet in a research report on Tuesday, April 25th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-nine have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $1,010.39.

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Alphabet's stock was down as much as 2.2% as Canaccord downgraded it to hold.

  • Zachary Reyes