Alphabet Inc (NASDAQ:GOOG) Shares Bought by Pictet Asset Management Ltd.

Pictet Asset Management Ltd. lifted its stake in Alphabet Inc (NASDAQ:GOOG) by 7.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 458,882 shares of the information services provider’s stock after purchasing an additional 32,237 shares during the period. Alphabet accounts for approximately 1.2% of Pictet Asset Management Ltd.’s holdings, making the stock its 4th largest position. Pictet Asset Management Ltd. owned about 0.07% of Alphabet worth $440,119,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Janus Henderson Group PLC boosted its holdings in shares of Alphabet by 759.0% during the 2nd quarter. Janus Henderson Group PLC now owns 3,204,087 shares of the information services provider’s stock valued at $2,911,734,000 after purchasing an additional 2,831,099 shares during the last quarter. Harbour Capital Advisors LLC boosted its holdings in shares of Alphabet by 87,001.5% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,993,754 shares of the information services provider’s stock valued at $2,194,000 after purchasing an additional 1,991,465 shares during the last quarter. Koch Industries Inc. boosted its holdings in shares of Alphabet by 214,636.6% during the 2nd quarter. Koch Industries Inc. now owns 1,161,725 shares of the information services provider’s stock valued at $1,160,000 after purchasing an additional 1,161,184 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Alphabet by 4.8% during the 2nd quarter. BlackRock Inc. now owns 18,058,006 shares of the information services provider’s stock valued at $16,409,850,000 after purchasing an additional 826,480 shares during the last quarter. Finally, Capital World Investors boosted its holdings in shares of Alphabet by 13.9% during the 2nd quarter. Capital World Investors now owns 6,371,356 shares of the information services provider’s stock valued at $5,789,842,000 after purchasing an additional 776,853 shares during the last quarter. Hedge funds and other institutional investors own 34.63% of the company’s stock.

Shares of Alphabet Inc (NASDAQ:GOOG) opened at $1,122.26 on Friday. The firm has a market cap of $782,040.00, a P/E ratio of 37.38 and a beta of 0.94. Alphabet Inc has a one year low of $790.52 and a one year high of $1,124.29. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last posted 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. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The business had revenue of $27.77 billion during the quarter, compared to the consensus estimate of $27.17 billion. During the same period in the previous year, the firm posted $9.06 earnings per share. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year.

In related news, Director L John Doerr sold 12,236 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were 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 of the company’s stock, valued at $3,560,171.45. The sale was disclosed in a filing 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 on Wednesday, October 18th. The stock was sold at an average price of $993.58, for a total transaction of $3,974,320.00. Following the transaction, the chief executive officer now directly owns 1,471 shares of the company’s stock, valued at approximately $1,461,556.18. The disclosure for this sale can be found here. Insiders have sold 36,900 shares of company stock valued at $37,877,147 over the last quarter. Insiders own 13.92% of the company’s stock.

GOOG has been the subject of several research reports. JPMorgan Chase & Co. reissued a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Deutsche Bank restated a “buy” rating on shares of Alphabet in a research report on Wednesday, October 25th. Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a research report on Friday, October 20th. Morgan Stanley restated a “buy” rating on shares of Alphabet in a research report on Friday, September 29th. Finally, Bank of America restated a “buy” rating and set a $1,100.00 target price on shares of Alphabet in a research report on Tuesday, September 26th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-seven have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $1,052.31.

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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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