First Capital Advisors Group LLC. grew its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 31.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 857 shares of the information services provider’s stock after buying an additional 206 shares during the period. First Capital Advisors Group LLC.’s holdings in Alphabet were worth $822,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Janus Henderson Group PLC grew its holdings in shares of Alphabet by 759.0% during the second quarter. Janus Henderson Group PLC now owns 3,204,087 shares of the information services provider’s stock worth $2,911,734,000 after purchasing an additional 2,831,099 shares during the last quarter. Harbour Capital Advisors LLC grew its holdings in shares of Alphabet by 87,001.5% during the second quarter. Harbour Capital Advisors LLC now owns 1,993,754 shares of the information services provider’s stock worth $2,194,000 after purchasing an additional 1,991,465 shares during the last quarter. Koch Industries Inc. grew its holdings in shares of Alphabet by 214,636.6% during the second quarter. Koch Industries Inc. now owns 1,161,725 shares of the information services provider’s stock worth $1,160,000 after purchasing an additional 1,161,184 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Alphabet by 4.8% during the second quarter. BlackRock Inc. now owns 18,058,006 shares of the information services provider’s stock worth $16,409,850,000 after purchasing an additional 826,480 shares during the last quarter. Finally, Capital World Investors grew its holdings in shares of Alphabet by 13.9% during the second quarter. Capital World Investors now owns 6,371,356 shares of the information services provider’s stock worth $5,789,842,000 after purchasing an additional 776,853 shares during the last quarter. 34.63% of the stock is owned by hedge funds and other institutional investors.

Alphabet Inc (NASDAQ:GOOG) opened at $1,106.26 on Wednesday. Alphabet Inc has a 12 month low of $790.52 and a 12 month high of $1,111.27. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $771,140.00, a P/E ratio of 36.85 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) 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 firm had revenue of $27.77 billion for the quarter, compared to analyst estimates of $27.17 billion. During the same period in the previous year, the firm earned $9.06 earnings per share. The company’s revenue was up 23.7% compared to the same quarter last year.

In other news, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $993.58, for a total transaction of $3,974,320.00. Following the transaction, the chief executive officer now directly owns 1,471 shares of the company’s stock, valued at $1,461,556.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director L John Doerr sold 12,236 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $1,021.57, for a total value of $12,499,930.52. Following the transaction, the director now directly owns 3,485 shares in the company, valued at $3,560,171.45. The disclosure for this sale can be found here. Insiders have sold 36,900 shares of company stock worth $37,877,147 over the last ninety days. 13.92% of the stock is owned by insiders.

GOOG has been the topic of several analyst reports. Wells Fargo & Co reiterated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. UBS Group reiterated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Societe Generale reiterated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Vetr cut Alphabet from a “buy” rating to a “hold” rating and set a $1,065.12 target price on the stock. in a report on Thursday, December 7th. Finally, Oppenheimer reiterated an “outperform” rating on shares of Alphabet in a report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and thirty-eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $1,044.41.

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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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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