Polaris Greystone Financial Group LLC increased its position in Alphabet Inc (NASDAQ:GOOG) by 4,640.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 948 shares of the information services provider’s stock after buying an additional 928 shares during the period. Polaris Greystone Financial Group LLC’s holdings in Alphabet were worth $1,131,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in GOOG. Principal Financial Group Inc. boosted its position in Alphabet by 2.0% during the first quarter. Principal Financial Group Inc. now owns 694,264 shares of the information services provider’s stock worth $716,346,000 after purchasing an additional 13,346 shares during the period. Allianz Asset Management GmbH boosted its position in Alphabet by 3.9% during the first quarter. Allianz Asset Management GmbH now owns 371,157 shares of the information services provider’s stock worth $382,956,000 after purchasing an additional 13,865 shares during the period. Cypress Capital Group boosted its position in Alphabet by 12.8% during the first quarter. Cypress Capital Group now owns 1,146 shares of the information services provider’s stock worth $1,183,000 after purchasing an additional 130 shares during the period. Summit Trail Advisors LLC boosted its position in Alphabet by 132,719.3% during the first quarter. Summit Trail Advisors LLC now owns 18,679,702 shares of the information services provider’s stock worth $18,680,000 after purchasing an additional 18,665,638 shares during the period. Finally, Tillar Wenstrup Advisors LLC bought a new stake in Alphabet during the first quarter worth approximately $2,121,000. Hedge funds and other institutional investors own 40.45% of the company’s stock.

A number of equities research analysts have issued reports on GOOG shares. Robert W. Baird reaffirmed a “buy” rating on shares of Alphabet in a research report on Monday, September 3rd. BidaskClub raised Alphabet from a “hold” rating to a “buy” rating in a research report on Thursday, August 30th. ValuEngine raised Alphabet from a “hold” rating to a “buy” rating in a research report on Wednesday, August 29th. Morgan Stanley reissued a “buy” rating on shares of Alphabet in a research report on Wednesday, August 29th. Finally, Macquarie reissued a “buy” rating on shares of Alphabet in a research report on Monday, August 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-nine have given a buy rating to the stock. Alphabet currently has a consensus rating of “Buy” and a consensus target price of $1,301.81.

In related news, CEO Sundar Pichai sold 10,000 shares of the firm’s stock in a transaction on Wednesday, November 21st. The stock was sold at an average price of $1,038.35, for a total value of $10,383,500.00. Following the completion of the transaction, the chief executive officer now directly owns 519 shares of the company’s stock, valued at $538,903.65. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director L John Doerr sold 11,908 shares of the firm’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $1,049.76, for a total value of $12,500,542.08. Following the completion of the transaction, the director now directly owns 3,485 shares of the company’s stock, valued at $3,658,413.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 89,435 shares of company stock valued at $97,794,636. 13.11% of the stock is owned by company insiders.

GOOG opened at $1,042.10 on Friday. Alphabet Inc has a 1-year low of $980.64 and a 1-year high of $1,273.89. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.14 and a quick ratio of 4.10. The company has a market capitalization of $725.17 billion, a PE ratio of 23.45 and a beta of 1.15.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, October 25th. The information services provider reported $13.06 EPS for the quarter, topping the consensus estimate of $10.41 by $2.65. The firm had revenue of $27.16 billion during the quarter. Alphabet had a return on equity of 19.40% and a net margin of 14.45%.

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Alphabet Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

See Also: Rule of 72

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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