Rothschild Capital Partners LLC purchased a new stake in Alphabet Inc (NASDAQ:GOOG) in the third quarter, Holdings Channel reports. The institutional investor purchased 3,296 shares of the information services provider’s stock, valued at approximately $3,161,000. Alphabet comprises 1.5% of Rothschild Capital Partners LLC’s investment portfolio, making the stock its 26th largest holding.

A number of other large investors also recently made changes to their positions in the business. Capital Investment Advisory Services LLC raised its stake in shares of Alphabet by 0.4% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 253 shares of the information services provider’s stock worth $230,000 after buying an additional 1 shares during the period. Capital Advantage Inc. increased its position in shares of Alphabet by 0.4% during the second quarter. Capital Advantage Inc. now owns 273 shares of the information services provider’s stock worth $248,000 after purchasing an additional 1 shares in the last quarter. Foster & Motley Inc. increased its position in shares of Alphabet by 0.8% during the second quarter. Foster & Motley Inc. now owns 265 shares of the information services provider’s stock worth $241,000 after purchasing an additional 2 shares in the last quarter. Saratoga Research & Investment Management increased its position in shares of Alphabet by 1.2% during the second quarter. Saratoga Research & Investment Management now owns 257 shares of the information services provider’s stock worth $234,000 after purchasing an additional 3 shares in the last quarter. Finally, Edge Wealth Management LLC increased its position in shares of Alphabet by 0.9% during the second quarter. Edge Wealth Management LLC now owns 340 shares of the information services provider’s stock worth $309,000 after purchasing an additional 3 shares in the last quarter. 34.63% of the stock is owned by institutional investors.

In other news, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $1,065.21, for a total transaction of $4,260,840.00. Following the completion of the transaction, the chief executive officer now directly owns 1,031 shares in the company, valued at approximately $1,098,231.51. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director L John Doerr sold 12,236 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $1,021.57, for a total value of $12,499,930.52. Following the transaction, the director now owns 3,485 shares of the company’s stock, valued at $3,560,171.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,900 shares of company stock valued at $37,877,147. Company insiders own 13.92% of the company’s stock.

Alphabet Inc (GOOG) opened at $1,106.94 on Tuesday. The firm has a market capitalization of $771,900.00, a price-to-earnings ratio of 36.87 and a beta of 0.94. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03. Alphabet Inc has a twelve month low of $790.52 and a twelve month high of $1,111.27.

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

Several analysts recently commented on GOOG shares. UBS Group reiterated a “buy” rating and set a $1,080.00 price target on shares of Alphabet in a research report on Monday, September 11th. Royal Bank of Canada reiterated an “outperform” rating and set a $1,050.00 price target on shares of Alphabet in a research report on Monday, September 11th. SunTrust Banks reiterated a “buy” rating and set a $1,100.00 price target on shares of Alphabet in a research report on Saturday, September 23rd. Robert W. Baird reiterated an “outperform” rating and set a $1,100.00 price target on shares of Alphabet in a research report on Saturday, September 23rd. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $1,100.00 price target on shares of Alphabet in a research report on Saturday, September 23rd. Two analysts have rated the stock with a sell rating, six have given a hold rating and thirty-eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $1,046.04.

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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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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