Fishman Jay A Ltd. MI Has $6.66 Million Stock Holdings in Alphabet Inc (NASDAQ:GOOG)

Fishman Jay A Ltd. MI cut its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 2.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,462 shares of the information services provider’s stock after selling 133 shares during the period. Alphabet accounts for about 1.2% of Fishman Jay A Ltd. MI’s investment portfolio, making the stock its 21st biggest holding. Fishman Jay A Ltd. MI’s holdings in Alphabet were worth $6,658,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of GOOG. Nuveen Asset Management LLC lifted its position in shares of Alphabet by 6,515.2% in the second quarter. Nuveen Asset Management LLC now owns 3,039,672 shares of the information services provider’s stock valued at $3,285,612,000 after buying an additional 2,993,722 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Alphabet by 6.2% in the second quarter. Price T Rowe Associates Inc. MD now owns 11,480,467 shares of the information services provider’s stock valued at $12,409,352,000 after buying an additional 674,924 shares during the last quarter. Investec Asset Management LTD lifted its position in shares of Alphabet by 2,660.9% in the second quarter. Investec Asset Management LTD now owns 648,507 shares of the information services provider’s stock valued at $19,478,000 after buying an additional 625,018 shares during the last quarter. BlackRock Inc. lifted its position in shares of Alphabet by 3.1% in the second quarter. BlackRock Inc. now owns 20,205,186 shares of the information services provider’s stock valued at $21,839,988,000 after buying an additional 612,804 shares during the last quarter. Finally, PenderFund Capital Management Ltd. lifted its position in shares of Alphabet by 127,265.7% in the second quarter. PenderFund Capital Management Ltd. now owns 445,780 shares of the information services provider’s stock valued at $4,906,000 after buying an additional 445,430 shares during the last quarter. 33.78% of the stock is owned by hedge funds and other institutional investors.

GOOG has been the subject of a number of recent analyst reports. Credit Suisse Group raised their price objective on Alphabet from $1,500.00 to $1,700.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Mizuho raised their price objective on Alphabet from $1,400.00 to $1,450.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Alphabet in a research report on Monday, October 28th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Alphabet in a research report on Tuesday, October 29th. Finally, Oppenheimer raised their price objective on Alphabet from $1,370.00 to $1,530.00 and gave the company an “outperform” rating in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Alphabet currently has an average rating of “Buy” and an average target price of $1,460.27.

In other Alphabet news, CAO Amie Thuener O’toole sold 54 shares of Alphabet stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $1,191.53, for a total transaction of $64,342.62. Following the transaction, the chief accounting officer now directly owns 388 shares of the company’s stock, valued at approximately $462,313.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David C. Drummond sold 1,600 shares of Alphabet stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $1,179.44, for a total value of $1,887,104.00. Following the transaction, the senior vice president now directly owns 44,482 shares in the company, valued at $52,463,850.08. The disclosure for this sale can be found here. Insiders have sold a total of 32,043 shares of company stock worth $40,364,988 over the last ninety days. Company insiders own 12.99% of the company’s stock.

Shares of NASDAQ GOOG traded up $2.51 during trading hours on Friday, reaching $1,311.37. 1,251,300 shares of the stock were exchanged, compared to its average volume of 1,446,592. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.75 and a current ratio of 3.78. Alphabet Inc has a 52 week low of $970.11 and a 52 week high of $1,323.74. The firm has a market capitalization of $895.89 billion, a price-to-earnings ratio of 27.60, a P/E/G ratio of 1.58 and a beta of 1.00. The stock’s fifty day simple moving average is $1,241.41 and its 200 day simple moving average is $1,179.65.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Monday, October 28th. The information services provider reported $10.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $12.57 by ($2.45). Alphabet had a net margin of 21.04% and a return on equity of 18.34%. The firm had revenue of $40.50 billion for the quarter, compared to analyst estimates of $40.17 billion. During the same period last year, the business earned $13.06 EPS. The company’s revenue was up 20.0% compared to the same quarter last year. Research analysts predict that Alphabet Inc will post 49.05 EPS for the current fiscal year.

Alphabet Company Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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