4,565 Alphabet Inc. $GOOG Shares Purchased by Plancorp LLC

Plancorp LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 32.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,690 shares of the information services provider’s stock after purchasing an additional 4,565 shares during the quarter. Plancorp LLC’s holdings in Alphabet were worth $6,368,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Alphabet by 1.4% during the second quarter. BlackRock Inc. now owns 369,922,502 shares of the information services provider’s stock worth $130,704,718,000 after acquiring an additional 5,164,200 shares during the period. State Street Corp raised its stake in shares of Alphabet by 2.8% during the 2nd quarter. State Street Corp now owns 190,923,442 shares of the information services provider’s stock worth $67,458,980,000 after buying an additional 5,208,690 shares in the last quarter. Amundi lifted its holdings in shares of Alphabet by 22.9% in the 1st quarter. Amundi now owns 21,922,379 shares of the information services provider’s stock valued at $6,288,654,000 after buying an additional 4,083,758 shares during the period. Deutsche Bank AG grew its holdings in Alphabet by 5.6% during the second quarter. Deutsche Bank AG now owns 17,313,729 shares of the information services provider’s stock worth $6,117,460,000 after acquiring an additional 913,666 shares during the period. Finally, Wellington Management Group LLP raised its position in Alphabet by 24.9% in the second quarter. Wellington Management Group LLP now owns 17,209,454 shares of the information services provider’s stock worth $6,080,616,000 after acquiring an additional 3,432,287 shares in the last quarter. 27.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Alphabet

In other Alphabet news, Director Frances Arnold sold 83 shares of the business’s stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $340.45, for a total transaction of $28,257.35. Following the completion of the sale, the director owned 19,076 shares of the company’s stock, valued at approximately $6,494,424.20. The trade was a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders sold 247 shares of company stock worth $79,238. Corporate insiders own 12.99% of the company’s stock.

Trending Headlines about Alphabet

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Analyst Upgrades and Downgrades

Several brokerages have commented on GOOG. Wedbush started coverage on shares of Alphabet in a research report on Thursday, July 16th. They set an “outperform” rating and a $445.00 target price on the stock. Needham & Company LLC reissued a “buy” rating on shares of Alphabet in a research note on Tuesday, October 27th. KeyCorp reaffirmed an “overweight” rating and issued a $385.00 price objective on shares of Alphabet in a research note on Thursday, October 29th. Canaccord Genuity Group set a $450.00 target price on Alphabet in a report on Thursday, July 23rd. Finally, DZ Bank raised shares of Alphabet from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 23rd. Six investment analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Alphabet presently has an average rating of “Moderate Buy” and an average target price of $413.38.

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Alphabet Stock Performance

Shares of GOOG opened at $283.93 on Monday. Alphabet Inc. has a fifty-two week low of $271.41 and a fifty-two week high of $404.47. The company has a market capitalization of $3.49 trillion, a PE ratio of 14.82, a price-to-earnings-growth ratio of 0.86 and a beta of 1.21. The stock has a fifty day moving average of $329.78 and a two-hundred day moving average of $337.01. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.69 and a current ratio of 2.79.

Alphabet (NASDAQ:GOOG – Get Free Report) last released its earnings results on Thursday, October 29th. The information services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $3.01 by ($0.89). The business had revenue of $127.58 billion during the quarter, compared to analyst estimates of $127.97 billion. Alphabet had a net margin of 50.03% and a return on equity of 43.33%. The business’s revenue for the quarter was up 24.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.87 earnings per share. As a group, analysts forecast that Alphabet Inc. will post 19.80 EPS for the current year.

Alphabet Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Shareholders of record on Monday, December 7th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Monday, December 7th. Alphabet’s dividend payout ratio (DPR) is 4.59%.

About Alphabet

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Alphabet is a technology holding company whose primary business is Google. Founded in 1998 by Larry Page and Sergey Brin, Google became part of Alphabet when the company adopted a holding-company structure in 2015. Sundar Pichai leads Alphabet and Google as chief executive officer.

Google offers internet search, online advertising, cloud computing, and software and hardware products. Its services and products include Google Search, YouTube, Android, Chrome, Google Maps, Google Play, and Google Cloud.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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