Alphabet Inc. (NASDAQ:GOOG) Shares Bought by Winthrop Advisory Group LLC

Winthrop Advisory Group LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.5% in the third quarter, HoldingsChannel.com reports. The fund owned 666 shares of the information services provider’s stock after acquiring an additional 10 shares during the quarter. Winthrop Advisory Group LLC’s holdings in Alphabet were worth $1,775,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Ironwood Wealth Management LLC. raised its stake in shares of Alphabet by 13.9% during the 1st quarter. Ironwood Wealth Management LLC. now owns 834 shares of the information services provider’s stock valued at $1,725,000 after buying an additional 102 shares during the last quarter. Pendal Group Limited increased its stake in shares of Alphabet by 8.1% in the 1st quarter. Pendal Group Limited now owns 5,627 shares of the information services provider’s stock valued at $11,641,000 after purchasing an additional 423 shares in the last quarter. MBL Wealth LLC increased its stake in shares of Alphabet by 19.4% in the 1st quarter. MBL Wealth LLC now owns 369 shares of the information services provider’s stock valued at $763,000 after purchasing an additional 60 shares in the last quarter. Sunbelt Securities Inc. increased its stake in shares of Alphabet by 1.1% in the 1st quarter. Sunbelt Securities Inc. now owns 737 shares of the information services provider’s stock valued at $1,525,000 after purchasing an additional 8 shares in the last quarter. Finally, Kaizen Financial Strategies purchased a new position in shares of Alphabet in the 1st quarter valued at about $1,022,000. 31.26% of the stock is owned by institutional investors.

Shares of Alphabet stock traded down $0.79 during trading hours on Thursday, reaching $2,934.35. 823,203 shares of the company were exchanged, compared to its average volume of 1,279,240. Alphabet Inc. has a 1 year low of $1,699.00 and a 1 year high of $3,037.00. The stock’s fifty day moving average is $2,859.80 and its 200 day moving average is $2,705.14. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.96 and a current ratio of 2.98. The firm has a market cap of $1.95 trillion, a PE ratio of 28.26, a PEG ratio of 1.07 and a beta of 1.04.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Monday, October 25th. The information services provider reported $27.99 earnings per share for the quarter, topping analysts’ consensus estimates of $23.13 by $4.86. Alphabet had a return on equity of 30.22% and a net margin of 29.52%. The business had revenue of $65.12 billion for the quarter, compared to analyst estimates of $63.35 billion. During the same quarter in the prior year, the company earned $16.40 earnings per share. The company’s revenue was up 41.0% on a year-over-year basis. Research analysts expect that Alphabet Inc. will post 107.86 earnings per share for the current year.

Several equities analysts recently weighed in on GOOG shares. Mizuho lifted their price target on Alphabet from $2,800.00 to $3,000.00 and gave the company a “buy” rating in a research note on Wednesday, July 28th. Oppenheimer lifted their price objective on Alphabet from $3,000.00 to $3,500.00 and gave the stock an “outperform” rating in a report on Wednesday, October 27th. Raymond James lifted their price objective on Alphabet from $3,200.00 to $3,400.00 and gave the stock an “outperform” rating in a report on Wednesday, October 27th. They noted that the move was a valuation call. Royal Bank of Canada began coverage on Alphabet in a report on Friday, October 1st. They set an “outperform” rating and a $3,400.00 target price on the stock. Finally, Sanford C. Bernstein boosted their target price on Alphabet from $3,000.00 to $3,200.00 and gave the stock an “outperform” rating in a report on Wednesday, July 28th. Two investment analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Alphabet has an average rating of “Buy” and an average price target of $3,178.21.

In related news, major shareholder Capitalg 2014 Lp sold 44,100 shares of the stock in a transaction on Tuesday, November 16th. The stock was sold at an average price of $39.14, for a total value of $1,726,074.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Sergey Brin sold 13,889 shares of the company’s stock in a transaction on Thursday, September 9th. The shares were sold at an average price of $2,876.30, for a total transaction of $39,948,930.70. The disclosure for this sale can be found here. Insiders have sold 222,928 shares of company stock worth $501,867,436 in the last ninety days. Corporate insiders own 12.99% of the company’s stock.

Alphabet Profile

Alphabet, Inc is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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