Alphabet Inc (GOOG) Holdings Boosted by Gofen & Glossberg LLC IL

Gofen & Glossberg LLC IL boosted its position in Alphabet Inc (NASDAQ:GOOG) by 1.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,342 shares of the information services provider’s stock after buying an additional 443 shares during the quarter. Alphabet accounts for approximately 1.5% of Gofen & Glossberg LLC IL’s holdings, making the stock its 16th biggest holding. Gofen & Glossberg LLC IL’s holdings in Alphabet were worth $40,295,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of GOOG. Blue Fin Capital Inc. raised its stake in shares of Alphabet by 0.3% in the 1st quarter. Blue Fin Capital Inc. now owns 1,561 shares of the information services provider’s stock valued at $1,295,000 after purchasing an additional 5 shares in the last quarter. Winch Advisory Services LLC raised its stake in shares of Alphabet by 7.6% in the 1st quarter. Winch Advisory Services LLC now owns 4,091 shares of the information services provider’s stock valued at $3,394,000 after purchasing an additional 289 shares in the last quarter. OLD National Bancorp IN raised its stake in shares of Alphabet by 0.5% in the 1st quarter. OLD National Bancorp IN now owns 4,669 shares of the information services provider’s stock valued at $3,873,000 after purchasing an additional 21 shares in the last quarter. Commerzbank Aktiengesellschaft FI raised its stake in shares of Alphabet by 4.1% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 93,288 shares of the information services provider’s stock valued at $77,388,000 after purchasing an additional 3,691 shares in the last quarter. Finally, C WorldWide Group Holding A S raised its stake in shares of Alphabet by 11.4% in the 1st quarter. C WorldWide Group Holding A S now owns 491,269 shares of the information services provider’s stock valued at $407,537,000 after purchasing an additional 50,375 shares in the last quarter. Hedge funds and other institutional investors own 34.74% of the company’s stock.

Alphabet Inc (NASDAQ GOOG) opened at $1,040.48 on Wednesday. Alphabet Inc has a 1 year low of $770.41 and a 1 year high of $1,062.38. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. The company has a market cap of $720,543.44, a PE ratio of 34.72 and a beta of 0.93.

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

GOOG has been the topic of a number of recent analyst reports. Wells Fargo & Company restated a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. UBS restated a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. Societe Generale restated a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. Vetr lowered shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,065.12 target price on the stock. in a research note on Thursday, December 7th. Finally, Oppenheimer restated an “outperform” rating on shares of Alphabet in a research note on Friday, October 27th. One research 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. Alphabet has a consensus rating of “Buy” and an average target price of $1,047.45.

In other Alphabet news, Director L John Doerr sold 12,236 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $1,021.57, for a total value of $12,499,930.52. Following the completion of the transaction, the director now owns 3,485 shares in the company, valued at approximately $3,560,171.45. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $924.36, for a total transaction of $3,697,440.00. Following the completion of the transaction, the chief executive officer now owns 1,324 shares of the company’s stock, valued at approximately $1,223,852.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,900 shares of company stock valued at $36,837,100. 13.92% of the stock is owned by insiders.

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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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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