Schroder Investment Management Group Acquires 9,816 Shares of Alphabet Inc (GOOG)
Schroder Investment Management Group lifted its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 5.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 190,819 shares of the information services provider’s stock after acquiring an additional 9,816 shares during the quarter. Schroder Investment Management Group’s holdings in Alphabet were worth $175,132,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also bought and sold shares of the stock. Burt Wealth Advisors increased its stake in Alphabet by 17.2% during the 2nd quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock worth $123,000 after buying an additional 20 shares during the period. Farmers National Bank increased its stake in Alphabet by 15.0% during the 1st quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock worth $134,000 after buying an additional 21 shares during the period. St. Johns Investment Management Company LLC increased its stake in Alphabet by 1,046.7% during 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. Catamount Wealth Management increased its stake in Alphabet by 5.8% during 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. Finally, Baker Boyer National Bank purchased a new stake in Alphabet during the 2nd quarter worth $200,000. Institutional investors and hedge funds own 34.74% of the company’s stock.
Alphabet Inc (NASDAQ:GOOG) opened at $1,018.38 on Thursday. Alphabet Inc has a fifty-two week low of $755.80 and a fifty-two week high of $1,062.38. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. The company has a market cap of $693,883.88, a PE ratio of 33.43 and a beta of 0.93.
Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $8.31 by $1.26. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The business had revenue of $27.77 billion during the quarter, compared to analyst estimates of $27.17 billion. During the same period in the previous year, the business posted $9.06 EPS. The company’s quarterly revenue was up 23.7% on a year-over-year basis.
Several equities research analysts recently issued reports on the stock. Vetr raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,084.59 price target on the stock in a research note on Wednesday, November 29th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $1,050.00 price target on shares of Alphabet in a research note on Wednesday, August 9th. BidaskClub downgraded shares of Alphabet from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. MKM Partners reaffirmed a “buy” rating and set a $1,210.00 price target (up previously from $1,170.00) on shares of Alphabet in a research note on Thursday, August 10th. Finally, UBS reaffirmed a “buy” rating on shares of Alphabet in a research note on Monday, November 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirty-nine have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $1,047.96.
In other Alphabet news, SVP David C. Drummond sold 1,496 shares of the business’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $939.76, for a total transaction of $1,405,880.96. Following the completion of the transaction, the senior vice president now directly owns 52 shares of the company’s stock, valued at approximately $48,867.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $1,002.86, for a total transaction of $4,011,440.00. Following the transaction, the chief executive officer now directly owns 1,178 shares of the company’s stock, valued at $1,181,369.08. The disclosure for this sale can be found here. Insiders sold a total of 38,396 shares of company stock valued at $38,242,981 over the last ninety days. Company insiders own 13.92% of the company’s stock.
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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.
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