Alphabet Inc. (GOOG) is Brown Advisory Inc.’s 9th Largest Position
Brown Advisory Inc. increased its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 13.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 844,960 shares of the company’s stock after buying an additional 98,301 shares during the period. Alphabet comprises about 2.1% of Brown Advisory Inc.’s holdings, making the stock its 9th largest position. Brown Advisory Inc. owned about 0.12% of Alphabet worth $584,796,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Badgley Phelps & Bell Inc. boosted its position in Alphabet by 2.1% in the first quarter. Badgley Phelps & Bell Inc. now owns 12,430 shares of the company’s stock worth $9,260,000 after buying an additional 257 shares during the last quarter. Virginia Retirement System bought a new position in Alphabet during the first quarter worth $73,437,000. Nisa Investment Advisors L.L.C. boosted its position in Alphabet by 0.8% in the first quarter. Nisa Investment Advisors L.L.C. now owns 89,120 shares of the company’s stock worth $66,390,000 after buying an additional 710 shares during the last quarter. Verde Servicos Internacionais S.A. boosted its position in Alphabet by 12.1% in the first quarter. Verde Servicos Internacionais S.A. now owns 79,748 shares of the company’s stock worth $59,408,000 after buying an additional 8,583 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. bought a new position in Alphabet during the first quarter worth $5,095,000. Hedge funds and other institutional investors own 34.39% of the company’s stock.
Shares of Alphabet Inc. (NASDAQ:GOOG) opened at 778.53 on Friday. The stock’s 50 day moving average is $774.66 and its 200 day moving average is $741.88. The company has a market cap of $535.06 billion, a PE ratio of 30.17 and a beta of 1.03. Alphabet Inc. has a 52-week low of $641.73 and a 52-week high of $792.28.
Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, July 28th. The company reported $8.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $8.03 by $0.39. Alphabet had a net margin of 22.00% and a return on equity of 14.74%. The firm had revenue of $21.50 billion for the quarter, compared to the consensus estimate of $20.74 billion. During the same quarter in the prior year, the company posted $6.99 earnings per share. The company’s revenue for the quarter was up 21.3% compared to the same quarter last year. Equities analysts forecast that Alphabet Inc. will post $34.14 EPS for the current year.
Several analysts have recently issued reports on the stock. Credit Suisse Group AG reissued an “outperform” rating and issued a $940.00 price target (up previously from $920.00) on shares of Alphabet in a research report on Friday, July 29th. Evercore ISI reissued a “buy” rating and issued a $830.00 price target (down previously from $950.00) on shares of Alphabet in a research report on Thursday, June 23rd. Atlantic Securities set a $910.00 price target on shares of Alphabet and gave the company a “buy” rating in a research report on Friday, July 29th. Vetr raised shares of Alphabet from a “buy” rating to a “strong-buy” rating and set a $760.24 price target on the stock in a research report on Monday, June 27th. Finally, JPMorgan Chase & Co. set a $920.00 price target on shares of Alphabet and gave the company a “buy” rating in a research report on Tuesday, July 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating, forty-five have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $926.55.
In related news, Director Ann Mather sold 115 shares of the stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $769.38, for a total value of $88,478.70. Following the transaction, the director now owns 1,656 shares in the company, valued at approximately $1,274,093.28. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP James Grier Campbell sold 603 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $767.18, for a total transaction of $462,609.54. The disclosure for this sale can be found here. Insiders own 13.92% of the company’s stock.
Alphabet Company Profile
Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.
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