Bayesian Capital Management LP Invests $2.27 Million in Alphabet Inc (GOOG) Stock

Bayesian Capital Management LP bought a new position in Alphabet Inc (NASDAQ:GOOG) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,500 shares of the information services provider’s stock, valued at approximately $2,272,000. Alphabet makes up approximately 0.8% of Bayesian Capital Management LP’s investment portfolio, making the stock its 11th biggest position.

A number of other institutional investors have also recently made changes to their positions in the business. Capital Investment Advisory Services LLC raised its holdings in Alphabet by 0.4% in the second quarter. Capital Investment Advisory Services LLC now owns 253 shares of the information services provider’s stock worth $230,000 after purchasing an additional 1 shares in the last quarter. Capital Advantage Inc. raised its holdings in Alphabet by 0.4% in 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. raised its holdings in Alphabet by 0.8% in 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. Gradient Investments LLC raised its holdings in Alphabet by 0.6% in the second quarter. Gradient Investments LLC now owns 506 shares of the information services provider’s stock worth $460,000 after purchasing an additional 3 shares in the last quarter. Finally, Saratoga Research & Investment Management raised its holdings in Alphabet by 1.2% in 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. Institutional investors and hedge funds own 34.74% of the company’s stock.

Shares of Alphabet Inc (NASDAQ:GOOG) opened at $1,037.05 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. Alphabet Inc has a 52-week low of $770.41 and a 52-week high of $1,062.38. The company has a market capitalization of $707,571.50, a P/E ratio of 34.09 and a beta of 0.93.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data 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 business had revenue of $27.77 billion for the quarter, compared to analyst estimates of $27.17 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The business’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $9.06 EPS.

GOOG has been the subject of a number of recent research reports. Vetr downgraded shares of Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,033.60 target price for the company. in a report on Wednesday, August 30th. Deutsche Bank restated a “buy” rating on shares of Alphabet in a research note on Wednesday, October 25th. UBS restated a “buy” rating and set a $1,080.00 price target on shares of Alphabet in a research note on Monday, September 11th. J P Morgan Chase & Co restated a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. Finally, Credit Suisse Group restated an “outperform” rating on shares of Alphabet in a research note on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $1,047.45.

In other news, Director Ann Mather sold 38 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $959.26, for a total transaction of $36,451.88. Following the completion of the transaction, the director now directly owns 1,797 shares of the company’s stock, valued at approximately $1,723,790.22. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $924.36, for a total value of $3,697,440.00. Following the transaction, the chief executive officer now directly owns 1,324 shares of the company’s stock, valued at $1,223,852.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,396 shares of company stock valued at $38,242,981. Corporate insiders own 13.92% of the company’s stock.

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Alphabet Company 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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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