SFE Investment Counsel lifted its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 43.6% during the third quarter, HoldingsChannel.com reports. The firm owned 1,768 shares of the information services provider’s stock after acquiring an additional 537 shares during the quarter. SFE Investment Counsel’s holdings in Alphabet were worth $1,696,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Green Square Capital LLC raised its position in Alphabet by 13.7% in the 1st quarter. Green Square Capital LLC now owns 1,751 shares of the information services provider’s stock valued at $1,452,000 after buying an additional 211 shares during the last quarter. Bath Savings Trust Co acquired a new stake in Alphabet in the 2nd quarter valued at approximately $226,000. Private Asset Management Inc. raised its position in Alphabet by 3.9% in the 2nd quarter. Private Asset Management Inc. now owns 8,593 shares of the information services provider’s stock valued at $7,809,000 after buying an additional 319 shares during the last quarter. Copper Rock Capital Partners LLC raised its position in Alphabet by 104.0% in the 2nd quarter. Copper Rock Capital Partners LLC now owns 712 shares of the information services provider’s stock valued at $550,000 after buying an additional 363 shares during the last quarter. Finally, Pioneer Trust Bank N A OR raised its position in Alphabet by 3.8% in the 2nd quarter. Pioneer Trust Bank N A OR now owns 3,565 shares of the information services provider’s stock valued at $3,240,000 after buying an additional 130 shares during the last quarter. 34.63% of the stock is currently owned by institutional investors.

GOOG has been the topic of a number of recent research reports. Wells Fargo & Co reissued a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. UBS Group reissued a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Societe Generale reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Vetr lowered Alphabet from a “buy” rating to a “hold” rating and set a $1,065.12 price target on the stock. in a research report on Thursday, December 7th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Alphabet in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, thirty-seven have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $1,044.41.

In related news, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $993.58, for a total value of $3,974,320.00. Following the completion of the sale, the chief executive officer now directly owns 1,471 shares in the company, valued at approximately $1,461,556.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP James Grier Campbell sold 183 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $1,017.21, for a total value of $186,149.43. The disclosure for this sale can be found here. Insiders sold a total of 36,900 shares of company stock valued at $37,877,147 over the last 90 days. 13.92% of the stock is currently owned by corporate insiders.

Alphabet Inc (GOOG) opened at $1,102.61 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. Alphabet Inc has a one year low of $790.52 and a one year high of $1,111.27. The company has a market capitalization of $768,340.00, a P/E ratio of 36.73 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $8.31 by $1.26. The company had revenue of $27.77 billion during the quarter, compared to the consensus estimate of $27.17 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period in the previous year, the company posted $9.06 EPS.

COPYRIGHT VIOLATION NOTICE: “Alphabet Inc (GOOG) Shares Bought by SFE Investment Counsel” was first posted by Watch List News and is owned by of Watch List News. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this story can be read at https://www.watchlistnews.com/alphabet-inc-goog-shares-bought-by-sfe-investment-counsel/1802585.html.

Alphabet Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc (NASDAQ:GOOG).

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 Analyst Ratings Network's FREE daily email newsletter.