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

Eagle Asset Management Inc. raised its holdings in Alphabet Inc (NASDAQ:GOOG) by 2.7% in the third quarter, Holdings Channel.com reports. The fund owned 6,755 shares of the information services provider’s stock after buying an additional 180 shares during the quarter. Eagle Asset Management Inc.’s holdings in Alphabet were worth $8,234,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in GOOG. Nuveen Asset Management LLC increased 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 in the last quarter. Price T Rowe Associates Inc. MD increased 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 in the last quarter. Investec Asset Management LTD increased 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 in the last quarter. BlackRock Inc. increased 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 in the last quarter. Finally, PenderFund Capital Management Ltd. increased 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 in the last quarter. Institutional investors and hedge funds own 33.78% of the company’s stock.

Alphabet stock opened at $1,299.19 on Tuesday. The stock has a market cap of $904.43 billion, a PE ratio of 26.76, a P/E/G ratio of 1.60 and a beta of 1.00. The stock has a 50-day moving average price of $1,244.69 and a 200 day moving average price of $1,180.33. Alphabet Inc has a 52 week low of $970.11 and a 52 week high of $1,323.74. The company has a current ratio of 3.78, a quick ratio of 3.75 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Monday, October 28th. The information services provider reported $10.12 EPS for the quarter, missing analysts’ consensus estimates of $12.57 by ($2.45). The company had revenue of $40.50 billion for the quarter, compared to analysts’ expectations of $40.17 billion. Alphabet had a return on equity of 18.34% and a net margin of 21.04%. The company’s revenue for the quarter was up 20.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $13.06 EPS. On average, equities analysts predict that Alphabet Inc will post 49.05 EPS for the current year.

A number of research analysts have recently weighed in on GOOG shares. Mizuho raised their price target 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. Benchmark restated a “buy” rating and issued a $1,360.00 price target (up previously from $1,315.00) on shares of Alphabet in a research report on Friday, July 26th. JPMorgan Chase & Co. restated a “buy” rating on shares of Alphabet in a research report on Friday, October 25th. Barclays restated a “buy” rating on shares of Alphabet in a research report on Tuesday, October 29th. Finally, Oppenheimer raised their price target 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 investment analyst has rated the stock with a sell rating, two have given a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $1,460.27.

In related news, SVP David C. Drummond sold 28,430 shares of Alphabet stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $1,266.89, for a total transaction of $36,017,682.70. Following the completion of the sale, the senior vice president now owns 45,806 shares in the company, valued at approximately $58,031,163.34. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Amie Thuener O’toole sold 54 shares of Alphabet stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $1,276.45, for a total value of $68,928.30. Following the sale, the chief accounting officer now owns 388 shares of the company’s stock, valued at approximately $495,262.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,043 shares of company stock valued at $40,364,988. 12.99% of the stock is currently owned by company insiders.

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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