3,200 Shares in Alphabet Inc (GOOG) Acquired by HighVista Strategies LLC

HighVista Strategies LLC purchased a new stake in shares of Alphabet Inc (NASDAQ:GOOG) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 3,200 shares of the information services provider’s stock, valued at approximately $2,908,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Burt Wealth Advisors lifted its holdings in shares of Alphabet by 17.2% during the 2nd quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock valued at $123,000 after buying an additional 20 shares during the period. Farmers National Bank lifted its holdings in shares of Alphabet by 15.0% during the 1st quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock valued at $134,000 after buying an additional 21 shares during the period. Almanack Investment Partners LLC. lifted its holdings in shares of Alphabet by 4.5% during the 2nd quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock valued at $147,000 after buying an additional 7 shares during the period. St. Johns Investment Management Company LLC lifted its holdings in shares of Alphabet by 1,046.7% during the 2nd quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock valued at $156,000 after buying an additional 157 shares during the period. Finally, Catamount Wealth Management lifted its holdings in shares of Alphabet by 5.8% during the 2nd quarter. Catamount Wealth Management now owns 182 shares of the information services provider’s stock valued at $165,000 after buying an additional 10 shares during the period. 34.74% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently commented on the company. BidaskClub raised Alphabet from a “hold” rating to a “buy” rating in a report on Friday, August 25th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Vetr raised Alphabet from a “hold” rating to a “buy” rating and set a $1,084.59 target price on the stock in a report on Wednesday, November 29th. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $1,100.00 target price on shares of Alphabet in a report on Saturday, September 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $1,047.45.

Shares of Alphabet Inc (NASDAQ GOOG) opened at $1,037.05 on Friday. The company has a market capitalization of $716,291.25, a PE ratio of 34.51 and a beta of 0.93. 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 $770.41 and a twelve month high of $1,062.38.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $8.31 by $1.26. The firm had revenue of $27.77 billion during 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 last year, the business posted $9.06 earnings per share.

In other news, Director L John Doerr sold 12,236 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $1,021.57, for a total transaction of $12,499,930.52. Following the completion of the transaction, the director now owns 3,485 shares in the company, valued at $3,560,171.45. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $958.40, for a total value of $3,833,600.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,396 shares of company stock valued at $38,242,981. Company 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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