Alphabet Inc (GOOG) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in Alphabet Inc (NASDAQ:GOOG) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 618,628 shares of the information services provider’s stock after purchasing an additional 8,727 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Alphabet were worth $690,177,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Pinnacle Financial Partners Inc. grew its position in Alphabet by 8.6% during the second quarter. Pinnacle Financial Partners Inc. now owns 2,132 shares of the information services provider’s stock worth $2,378,000 after buying an additional 168 shares in the last quarter. Point72 Asset Management L.P. grew its position in Alphabet by 349.3% during the first quarter. Point72 Asset Management L.P. now owns 38,146 shares of the information services provider’s stock worth $39,359,000 after buying an additional 53,446 shares in the last quarter. Cetera Advisors LLC grew its position in Alphabet by 6.3% during the first quarter. Cetera Advisors LLC now owns 5,149 shares of the information services provider’s stock worth $5,181,000 after buying an additional 303 shares in the last quarter. Bremer Trust National Association grew its position in Alphabet by 134.5% during the second quarter. Bremer Trust National Association now owns 4,068 shares of the information services provider’s stock worth $4,539,000 after buying an additional 2,333 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its position in Alphabet by 1.4% during the second quarter. CIBC Private Wealth Group LLC now owns 372,379 shares of the information services provider’s stock worth $415,444,000 after buying an additional 5,209 shares in the last quarter. 34.16% of the stock is currently owned by institutional investors.

In other news, Director L John Doerr sold 10,262 shares of Alphabet stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $1,218.20, for a total value of $12,501,168.40. Following the completion of the transaction, the director now owns 3,485 shares in the company, valued at $4,245,427. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Amie Thuener O’toole sold 80 shares of Alphabet stock in a transaction that occurred on Tuesday, October 2nd. The shares were sold at an average price of $1,190.96, for a total transaction of $95,276.80. Following the completion of the transaction, the vice president now owns 388 shares of the company’s stock, valued at approximately $462,092.48. The disclosure for this sale can be found here. Insiders have sold 77,621 shares of company stock worth $91,928,242 over the last ninety days. Company insiders own 13.11% of the company’s stock.

NASDAQ GOOG opened at $1,057.79 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.10 and a current ratio of 4.14. The company has a market cap of $721.15 billion, a price-to-earnings ratio of 23.32 and a beta of 1.11. Alphabet Inc has a 1-year low of $980.64 and a 1-year high of $1,273.89.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, October 25th. The information services provider reported $13.06 earnings per share for the quarter, beating analysts’ consensus estimates of $10.41 by $2.65. The company had revenue of $27.16 billion for the quarter. Alphabet had a return on equity of 19.40% and a net margin of 14.45%.

A number of research firms recently weighed in on GOOG. BidaskClub raised Alphabet from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 26th. Raymond James reissued an “outperform” rating and set a $1,405.00 target price (up from $1,240.00) on shares of Alphabet in a research report on Tuesday, July 24th. Royal Bank of Canada lifted their target price on Alphabet from $1,285.00 to $1,400.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 24th. Nomura reissued a “buy” rating on shares of Alphabet in a research report on Tuesday, July 24th. Finally, Stifel Nicolaus reissued a “buy” rating on shares of Alphabet in a research report on Tuesday, July 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-eight 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 $1,301.81.

About Alphabet

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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