KAMES CAPITAL plc reduced its position in Alphabet Inc (NASDAQ:GOOG) by 0.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 125,712 shares of the information services provider’s stock after selling 296 shares during the quarter. Alphabet comprises approximately 3.6% of KAMES CAPITAL plc’s investment portfolio, making the stock its 2nd largest position. KAMES CAPITAL plc’s holdings in Alphabet were worth $150,130,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of GOOG. Braun Bostich & Associates Inc. acquired a new position in Alphabet in the 1st quarter valued at $107,000. JJJ Advisors Inc. acquired a new position in Alphabet in the 2nd quarter valued at $134,000. ELM Advisors LLC acquired a new position in Alphabet in the 3rd quarter valued at $138,000. LFA Lugano Financial Advisors SA acquired a new position in Alphabet in the 3rd quarter valued at $161,000. Finally, Blackhawk Capital Partners LLC. raised its stake in Alphabet by 148.6% in the 2nd quarter. Blackhawk Capital Partners LLC. now owns 174 shares of the information services provider’s stock valued at $194,000 after purchasing an additional 104 shares during the last quarter. 40.44% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently commented on GOOG. JMP Securities reissued a “neutral” rating on shares of Alphabet in a research note on Friday, November 2nd. Jefferies Financial Group restated a “buy” rating on shares of Alphabet in a report on Monday, November 19th. Nomura restated a “buy” rating on shares of Alphabet in a report on Tuesday. Macquarie restated a “buy” rating on shares of Alphabet in a report on Wednesday, August 15th. Finally, Stifel Nicolaus restated a “buy” rating on shares of Alphabet in a report on Friday, October 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-nine have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $1,301.81.

NASDAQ GOOG opened at $1,068.73 on Friday. The firm has a market cap of $731.24 billion, a PE ratio of 23.65 and a beta of 1.15. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.14 and a quick ratio of 4.10. Alphabet Inc has a twelve month low of $980.64 and a twelve month high of $1,273.89.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, October 25th. The information services provider reported $13.06 earnings per share for the quarter, topping analysts’ consensus estimates of $10.41 by $2.65. The business had revenue of $27.16 billion during the quarter. Alphabet had a return on equity of 19.40% and a net margin of 14.45%.

In other news, CEO Sundar Pichai sold 10,000 shares of the stock in a transaction on Thursday, December 6th. The stock was sold at an average price of $1,041.75, for a total transaction of $10,417,500.00. Following the completion of the transaction, the chief executive officer now directly owns 830 shares in the company, valued at approximately $864,652.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director L John Doerr sold 11,908 shares of the stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $1,049.76, for a total value of $12,500,542.08. Following the transaction, the director now owns 3,485 shares of the company’s stock, valued at $3,658,413.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 89,437 shares of company stock valued at $98,403,047. Company insiders own 13.11% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by Daily Political and is owned by of Daily Political. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The legal version of this piece can be accessed at https://www.dailypolitical.com/2018/12/07/alphabet-inc-goog-is-kames-capital-plcs-2nd-largest-position.html.

Alphabet Company Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

Featured Story: Short Selling – Explanation For Shorting Stocks

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc (NASDAQ:GOOG).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.