Smith Moore & CO. raised its stake in Alphabet Inc (NASDAQ:GOOG) by 44.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 644 shares of the information services provider’s stock after acquiring an additional 198 shares during the period. Smith Moore & CO.’s holdings in Alphabet were worth $618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Becker Capital Management Inc. boosted its stake in Alphabet by 10.4% in the third quarter. Becker Capital Management Inc. now owns 1,279 shares of the information services provider’s stock valued at $1,227,000 after acquiring an additional 120 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Alphabet by 1.3% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 35,742 shares of the information services provider’s stock valued at $34,281,000 after acquiring an additional 453 shares in the last quarter. West Coast Financial LLC boosted its stake in Alphabet by 27.1% in the third quarter. West Coast Financial LLC now owns 1,252 shares of the information services provider’s stock valued at $1,201,000 after acquiring an additional 267 shares in the last quarter. One Capital Management LLC boosted its stake in Alphabet by 10.3% in the third quarter. One Capital Management LLC now owns 3,544 shares of the information services provider’s stock valued at $3,399,000 after acquiring an additional 331 shares in the last quarter. Finally, Nelson Roberts Investment Advisors LLC acquired a new position in Alphabet in the third quarter valued at $14,016,000. Institutional investors own 34.63% of the company’s stock.
In other Alphabet news, VP James Grier Campbell sold 183 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $1,048.34, for a total value of $191,846.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $993.58, for a total transaction of $3,974,320.00. Following the completion of the transaction, the chief executive officer now directly owns 1,471 shares of the company’s stock, valued at $1,461,556.18. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,900 shares of company stock valued at $37,877,147. 13.92% of the stock is currently owned by corporate insiders.
Shares of Alphabet Inc (NASDAQ:GOOG) opened at $1,122.26 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. The company has a market cap of $782,650.00, a PE ratio of 37.38 and a beta of 0.94. Alphabet Inc has a 12-month low of $790.52 and a 12-month high of $1,124.29.
Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 EPS 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 the consensus estimate of $27.17 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The firm’s revenue was up 23.7% compared to the same quarter last year. During the same quarter last year, the firm earned $9.06 earnings per share.
Several research firms have issued reports on GOOG. SunTrust Banks upped their price objective on shares of Alphabet to $1,250.00 and gave the company a “buy” rating in a research note on Friday. Morgan Stanley restated a “buy” rating on shares of Alphabet in a research note on Friday. Piper Jaffray Companies increased their target price on shares of Alphabet from $1,150.00 to $1,300.00 and gave the stock an “overweight” rating in a research note on Thursday. UBS Group reiterated a “buy” rating on shares of Alphabet in a research note on Thursday. Finally, BidaskClub upgraded shares of Alphabet from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, thirty-seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $1,052.31.
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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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