Alphabet Inc (GOOG) is KBC Group NV’s 8th Largest Position

KBC Group NV boosted its holdings in Alphabet Inc (NASDAQ:GOOG) by 12.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 136,920 shares of the information services provider’s stock after buying an additional 14,808 shares during the quarter. Alphabet makes up about 1.2% of KBC Group NV’s holdings, making the stock its 8th largest position. KBC Group NV’s holdings in Alphabet were worth $131,322,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of GOOG. Brave Asset Management Inc. grew its holdings in shares of Alphabet by 29.4% during the second quarter. Brave Asset Management Inc. now owns 2,468 shares of the information services provider’s stock worth $2,338,000 after purchasing an additional 561 shares during the last quarter. Mawer Investment Management Ltd. grew its holdings in shares of Alphabet by 3.2% during the second quarter. Mawer Investment Management Ltd. now owns 324,627 shares of the information services provider’s stock worth $294,998,000 after purchasing an additional 10,088 shares during the last quarter. Markel Corp grew its holdings in shares of Alphabet by 17.6% during the second quarter. Markel Corp now owns 87,031 shares of the information services provider’s stock worth $79,088,000 after purchasing an additional 13,000 shares during the last quarter. Parsec Financial Management Inc. grew its holdings in shares of Alphabet by 2.8% during the second quarter. Parsec Financial Management Inc. now owns 7,089 shares of the information services provider’s stock worth $6,442,000 after purchasing an additional 193 shares during the last quarter. Finally, IPG Investment Advisors LLC grew its holdings in shares of Alphabet by 7.1% during the second quarter. IPG Investment Advisors LLC now owns 632 shares of the information services provider’s stock worth $574,000 after purchasing an additional 42 shares during the last quarter. 34.46% of the stock is currently owned by hedge funds and other institutional investors.

In other Alphabet news, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $1,002.86, for a total value of $4,011,440.00. Following the completion of the transaction, the chief executive officer now directly owns 1,178 shares of the company’s stock, valued at $1,181,369.08. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP David C. Drummond sold 5,690 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $1,052.50, for a total transaction of $5,988,725.00. Following the completion of the transaction, the senior vice president now directly owns 2,897 shares of the company’s stock, valued at $3,049,092.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,435 shares of company stock valued at $29,030,612. 13.92% of the stock is currently owned by corporate insiders.

Alphabet Inc (NASDAQ GOOG) opened at $1,069.70 on Thursday. Alphabet Inc has a 1-year low of $803.37 and a 1-year high of $1,186.89. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.14 and a quick ratio of 5.11. The stock has a market cap of $744,090.00, a PE ratio of 59.56 and a beta of 1.01.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, February 1st. The information services provider reported $9.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $10.07 by ($0.37). Alphabet had a net margin of 11.42% and a return on equity of 14.94%. The company had revenue of $32.32 billion during the quarter, compared to analysts’ expectations of $31.88 billion. During the same period last year, the business posted $9.36 earnings per share. The company’s quarterly revenue was up 24.0% on a year-over-year basis.

Alphabet declared that its Board of Directors has initiated a share buyback plan on Thursday, February 1st that authorizes the company to repurchase $8.59 billion in shares. This repurchase authorization authorizes the information services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

GOOG has been the topic of several research reports. Wells Fargo & Co reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Societe Generale reiterated a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. Finally, Cantor Fitzgerald reiterated a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirty-six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $1,061.93.

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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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