C WorldWide Group Holding A S Increases Stake in Alphabet Inc. (GOOG)

C WorldWide Group Holding A S lifted its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 7.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 525,452 shares of the information services provider’s stock after purchasing an additional 34,183 shares during the quarter. Alphabet makes up about 7.3% of C WorldWide Group Holding A S’s investment portfolio, making the stock its 4th largest position. C WorldWide Group Holding A S owned 0.08% of Alphabet worth $477,494,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Perennial Advisors LLC boosted its stake in Alphabet by 8.7% in the 2nd quarter. Perennial Advisors LLC now owns 3,232 shares of the information services provider’s stock valued at $2,937,000 after buying an additional 260 shares in the last quarter. Doyle Wealth Management boosted its stake in Alphabet by 6.7% in the 2nd quarter. Doyle Wealth Management now owns 3,182 shares of the information services provider’s stock valued at $2,891,000 after buying an additional 200 shares in the last quarter. Carret Asset Management LLC boosted its stake in Alphabet by 1.5% in the 1st quarter. Carret Asset Management LLC now owns 9,982 shares of the information services provider’s stock valued at $8,281,000 after buying an additional 145 shares in the last quarter. Rothschild Investment Corp IL boosted its stake in Alphabet by 1.7% in the 2nd quarter. Rothschild Investment Corp IL now owns 10,809 shares of the information services provider’s stock valued at $9,823,000 after buying an additional 184 shares in the last quarter. Finally, AKO Capital LLP boosted its stake in Alphabet by 6.8% in the 2nd quarter. AKO Capital LLP now owns 51,624 shares of the information services provider’s stock valued at $46,912,000 after buying an additional 3,289 shares in the last quarter. 34.50% of the stock is currently owned by institutional investors.

Several analysts recently commented on the company. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Alphabet in a research note on Tuesday, July 25th. Canaccord Genuity reaffirmed a “hold” rating and issued a $1,000.00 price target on shares of Alphabet in a research note on Thursday, July 27th. SunTrust Banks, Inc. assumed coverage on Alphabet in a research note on Wednesday, August 16th. They issued a “buy” rating and a $1,100.00 price target on the stock. JMP Securities reaffirmed a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $1,045.44.

Shares of Alphabet Inc. (GOOG) opened at 1016.64 on Wednesday. The company’s 50-day moving average price is $962.68 and its 200-day moving average price is $939.11. Alphabet Inc. has a 12 month low of $727.54 and a 12 month high of $1,048.39. The firm has a market cap of $704.41 billion, a P/E ratio of 36.84 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $27.17 billion. During the same quarter in the previous year, the firm posted $9.06 EPS. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year. On average, analysts predict that Alphabet Inc. will post $31.97 EPS for the current year.

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In other news, SVP David C. Drummond sold 2,000 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $931.32, for a total transaction of $1,862,640.00. Following the completion of the transaction, the senior vice president now directly owns 800 shares in the company, valued at approximately $745,056. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction on Wednesday, October 18th. The shares were 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 owns 1,471 shares of the company’s stock, valued at $1,461,556.18. The disclosure for this sale can be found here. Insiders have sold a total of 33,493 shares of company stock worth $31,427,581 in the last three months. Insiders own 13.92% of the company’s stock.

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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