Quantum Capital Management LLC NJ increased its position in Alphabet Inc (NASDAQ:GOOG) by 24.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 5,733 shares of the information services provider’s stock after purchasing an additional 1,143 shares during the period. Quantum Capital Management LLC NJ’s holdings in Alphabet were worth $5,499,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Channing Capital Management LLC increased its stake in Alphabet by 25.9% during the second quarter. Channing Capital Management LLC now owns 2,194 shares of the information services provider’s stock worth $1,994,000 after acquiring an additional 451 shares during the last quarter. Winfield Associates Inc. increased its stake in Alphabet by 2.1% during the second quarter. Winfield Associates Inc. now owns 5,945 shares of the information services provider’s stock worth $5,402,000 after acquiring an additional 121 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in Alphabet during the second quarter worth approximately $266,000. Cardinal Capital Management increased its stake in Alphabet by 0.3% during the second quarter. Cardinal Capital Management now owns 3,667 shares of the information services provider’s stock worth $3,332,000 after acquiring an additional 10 shares during the last quarter. Finally, Saratoga Research & Investment Management increased its stake in Alphabet by 1.2% during the second quarter. Saratoga Research & Investment Management now owns 257 shares of the information services provider’s stock worth $234,000 after acquiring an additional 3 shares during the last quarter. Institutional investors own 34.64% of the company’s stock.

Alphabet Inc (NASDAQ GOOG) opened at $1,048.58 on Thursday. Alphabet Inc has a 52 week low of $803.19 and a 52 week high of $1,186.89. The stock has a market capitalization of $750,802.00, a P/E ratio of 33.76 and a beta of 1.01. The company has a quick ratio of 5.11, a current ratio of 5.14 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, February 1st. The information services provider reported $9.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.07 by ($0.37). Alphabet had a return on equity of 14.94% and a net margin of 11.42%. The firm had revenue of $32.32 billion during the quarter, compared to the consensus estimate of $31.88 billion. During the same period last year, the company earned $9.36 EPS. The firm’s revenue for the quarter was up 24.0% compared to the same quarter last year.

Alphabet announced that its board has authorized a share repurchase program on Thursday, February 1st that authorizes the company to buyback $8.59 billion in shares. This buyback authorization authorizes the information services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

GOOG has been the topic of several analyst reports. Pivotal Research boosted their price objective on Alphabet from $940.00 to $970.00 and gave the stock a “hold” rating in a research note on Thursday, October 12th. Piper Jaffray Companies reissued an “overweight” rating and set a $1,150.00 price objective on shares of Alphabet in a research note on Thursday, October 19th. Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a research note on Friday, October 20th. Deutsche Bank reissued a “buy” rating on shares of Alphabet in a research note on Wednesday, October 25th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and thirty-five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $1,061.56.

In other Alphabet news, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $1,020.69, for a total transaction of $4,082,760.00. Following the completion of the sale, the chief executive officer now owns 949 shares in the company, valued at $968,634.81. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director L John Doerr sold 12,236 shares of the company’s stock in a transaction 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 sale, the director now owns 3,485 shares of the company’s stock, valued at approximately $3,560,171.45. The disclosure for this sale can be found here. In the last three months, insiders sold 33,981 shares of company stock worth $35,552,537. 13.92% of the stock is owned by insiders.

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About Alphabet

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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