LS Investment Advisors LLC Has $18.36 Million Position in Alphabet Inc (GOOG)

LS Investment Advisors LLC trimmed its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 2.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,145 shares of the information services provider’s stock after selling 447 shares during the period. Alphabet makes up 1.1% of LS Investment Advisors LLC’s investment portfolio, making the stock its 12th largest holding. LS Investment Advisors LLC’s holdings in Alphabet were worth $18,362,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in the business. Burt Wealth Advisors boosted its position in shares of Alphabet by 17.2% during the second quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock worth $123,000 after acquiring an additional 20 shares during the last quarter. Signature Estate & Investment Advisors LLC raised its stake in shares of Alphabet by 3.8% in the second quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock valued at $124,000 after acquiring an additional 5 shares during the period. Almanack Investment Partners LLC. increased its stake in Alphabet by 4.5% in the 2nd quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock worth $147,000 after buying an additional 7 shares during the period. St. Johns Investment Management Company LLC increased its stake in Alphabet by 1,046.7% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock worth $156,000 after buying an additional 157 shares during the period. Finally, Catamount Wealth Management increased its stake in Alphabet by 5.8% in the 2nd quarter. Catamount Wealth Management now owns 182 shares of the information services provider’s stock worth $165,000 after buying an additional 10 shares during the period. 34.63% of the stock is owned by institutional investors and hedge funds.

GOOG has been the topic of a number of research reports. Wells Fargo & Co reissued a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. UBS Group restated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Societe Generale restated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Vetr cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,065.12 target price for the company. in a research note on Thursday, December 7th. Finally, Oppenheimer reissued an “outperform” rating on shares of Alphabet in a research report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, thirty-seven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $1,052.31.

In other news, Director Ann Mather sold 38 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $1,017.21, for a total value of $38,653.98. Following the completion of the transaction, the director now owns 1,805 shares in the company, valued at $1,836,064.05. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP James Grier Campbell sold 183 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $1,017.21, for a total value of $186,149.43. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,900 shares of company stock valued at $37,877,147. Corporate insiders own 13.92% of the company’s stock.

Shares of Alphabet Inc (NASDAQ GOOG) traded up $16.74 on Friday, reaching $1,122.26. The company had a trading volume of 1,708,400 shares, compared to its average volume of 1,380,000. The firm has a market capitalization of $782,040.00, a P/E ratio of 37.38 and a beta of 0.94. Alphabet Inc has a 52-week low of $790.52 and a 52-week high of $1,124.29. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $8.31 by $1.26. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. 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 prior year, the company earned $9.06 earnings per share. The company’s revenue was up 23.7% compared to the same quarter last year.

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Alphabet 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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