Marathon Asset Management LLP lifted its position in Alphabet Inc (NASDAQ:GOOG) by 9.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 105,621 shares of the information services provider’s stock after buying an additional 9,135 shares during the quarter. Alphabet makes up 1.6% of Marathon Asset Management LLP’s investment portfolio, making the stock its 18th largest holding. Marathon Asset Management LLP’s holdings in Alphabet were worth $109,399,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bourne Lent Asset Management Inc. lifted its holdings in Alphabet by 2.6% in the third quarter. Bourne Lent Asset Management Inc. now owns 7,358 shares of the information services provider’s stock valued at $8,782,000 after buying an additional 185 shares during the period. Bristlecone Advisors LLC grew its position in shares of Alphabet by 22.3% in the 3rd quarter. Bristlecone Advisors LLC now owns 906 shares of the information services provider’s stock valued at $1,081,000 after acquiring an additional 165 shares during the period. TB Alternative Assets Ltd. bought a new position in shares of Alphabet in the 3rd quarter valued at about $477,000. GSB Wealth Management LLC bought a new position in shares of Alphabet in the 3rd quarter valued at about $358,000. Finally, Summit Financial Wealth Advisors LLC lifted its stake in shares of Alphabet by 42.0% during the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 3,242 shares of the information services provider’s stock worth $3,541,000 after buying an additional 959 shares during the last quarter. 34.44% of the stock is owned by hedge funds and other institutional investors.

Shares of Alphabet stock opened at $1,221.10 on Tuesday. The company has a quick ratio of 3.89, a current ratio of 3.92 and a debt-to-equity ratio of 0.02. The firm has a market cap of $837.43 billion, a price-to-earnings ratio of 25.70, a PEG ratio of 1.42 and a beta of 1.05. Alphabet Inc has a 12 month low of $970.11 and a 12 month high of $1,273.89.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Monday, February 4th. The information services provider reported $12.77 EPS for the quarter, beating the consensus estimate of $10.86 by $1.91. The business had revenue of $39.28 billion during the quarter, compared to analyst estimates of $38.91 billion. Alphabet had a return on equity of 19.94% and a net margin of 22.47%. The company’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter last year, the firm posted $9.70 earnings per share. Sell-side analysts anticipate that Alphabet Inc will post 47.35 EPS for the current year.

Several analysts have weighed in on GOOG shares. Royal Bank of Canada reiterated a “buy” rating on shares of Alphabet in a research note on Friday, December 21st. UBS Group restated a “buy” rating on shares of Alphabet in a research report on Monday, January 14th. Nomura reaffirmed a “buy” rating on shares of Alphabet in a report on Monday, January 7th. Deutsche Bank reduced their target price on shares of Alphabet from $1,350.00 to $1,300.00 and set a “buy” rating on the stock in a report on Wednesday, January 23rd. Finally, Canaccord Genuity raised shares of Alphabet from a “hold” rating to a “buy” rating in a report on Thursday, January 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and twenty-nine have given a buy rating to the company’s stock. Alphabet currently has an average rating of “Buy” and an average price target of $1,349.78.

In other news, Director Ann Mather sold 38 shares of Alphabet stock in a transaction dated Friday, January 18th. The stock was sold at an average price of $1,100.00, for a total value of $41,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Sundar Pichai sold 10,000 shares of Alphabet stock in a transaction dated Wednesday, January 16th. The stock was sold at an average price of $1,086.33, for a total value of $10,863,300.00. Following the completion of the transaction, the chief executive officer now directly owns 491 shares of the company’s stock, valued at approximately $533,388.03. The disclosure for this sale can be found here. Insiders have sold 10,797 shares of company stock valued at $11,795,783 in the last three months. Insiders own 13.11% of the company’s stock.

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Alphabet Company Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

Further Reading: Google Finance Portfolio

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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