Founders Capital Management LLC boosted its position in Alphabet Inc (NASDAQ:GOOG) by 7.2% during the 4th quarter, Holdings Channel reports. The firm owned 22,579 shares of the information services provider’s stock after purchasing an additional 1,523 shares during the period. Alphabet comprises about 10.0% of Founders Capital Management LLC’s investment portfolio, making the stock its 2nd biggest position. Founders Capital Management LLC’s holdings in Alphabet were worth $23,383,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in GOOG. Vanguard Group Inc. boosted its position in Alphabet by 97.8% in the third quarter. Vanguard Group Inc. now owns 43,027,936 shares of the information services provider’s stock worth $51,643,016,000 after purchasing an additional 21,273,995 shares during the last quarter. Trust Asset Management LLC raised its stake in shares of Alphabet by 86,154.5% in the third quarter. Trust Asset Management LLC now owns 20,789,054 shares of the information services provider’s stock worth $20,790,000 after buying an additional 20,764,952 shares during the period. Capital International Investors raised its stake in shares of Alphabet by 587.2% in the third quarter. Capital International Investors now owns 3,885,216 shares of the information services provider’s stock worth $4,636,889,000 after buying an additional 3,319,821 shares during the period. Rehmann Capital Advisory Group raised its stake in shares of Alphabet by 120,025.4% in the third quarter. Rehmann Capital Advisory Group now owns 3,013,947 shares of the information services provider’s stock worth $1,134,577,000 after buying an additional 3,011,438 shares during the period. Finally, Mainstay Capital Management LLC ADV raised its stake in shares of Alphabet by 79,743.5% in the second quarter. Mainstay Capital Management LLC ADV now owns 796,838 shares of the information services provider’s stock worth $1,009,000 after buying an additional 795,840 shares during the period. 34.07% of the stock is currently owned by institutional investors and hedge funds.

Shares of GOOG opened at $1,184.46 on Friday. The company has a market cap of $823.42 billion, a P/E ratio of 24.93, a price-to-earnings-growth ratio of 1.44 and a beta of 1.04. Alphabet Inc has a 12-month low of $970.11 and a 12-month high of $1,273.89. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.89 and a current ratio of 3.92.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Monday, February 4th. The information services provider reported $12.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.86 by $1.91. The company had revenue of $39.28 billion for the quarter, compared to the consensus estimate of $38.91 billion. Alphabet had a return on equity of 19.94% and a net margin of 22.47%. The firm’s quarterly revenue was up 21.5% on a year-over-year basis. During the same quarter last year, the company earned $9.70 EPS. On average, equities analysts expect that Alphabet Inc will post 47.38 EPS for the current year.

In related news, CEO Sundar Pichai sold 10,000 shares of Alphabet stock in a transaction that occurred on Wednesday, December 19th. The stock was sold at an average price of $1,041.50, for a total transaction of $10,415,000.00. Following the sale, the chief executive officer now owns 505 shares of the company’s stock, valued at approximately $525,957.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Amie Thuener O’toole sold 80 shares of Alphabet stock in a transaction that occurred on Thursday, January 3rd. The shares were sold at an average price of $1,041.00, for a total value of $83,280.00. Following the sale, the vice president now directly owns 388 shares in the company, valued at approximately $403,908. The disclosure for this sale can be found here. Insiders have sold a total of 36,437 shares of company stock worth $38,346,021 in the last three months. 13.11% of the stock is owned by corporate insiders.

Several research analysts have recently commented on GOOG shares. UBS Group reaffirmed a “buy” rating on shares of Alphabet in a research note on Monday, January 14th. JMP Securities reaffirmed a “buy” rating on shares of Alphabet in a research note on Monday, November 19th. Deutsche Bank reaffirmed a “buy” rating and issued a $1,380.00 price objective (up previously from $1,300.00) on shares of Alphabet in a research note on Tuesday, February 5th. BidaskClub downgraded Alphabet from a “sell” rating to a “strong sell” rating in a research note on Monday, February 25th. Finally, Barclays decreased their price objective on Alphabet to $1,350.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 5th. Three analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $1,327.66.

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Alphabet 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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