Personal Capital Advisors Corp Has $37.86 Million Holdings in Alphabet Inc (GOOG)

Personal Capital Advisors Corp raised its stake in Alphabet Inc (NASDAQ:GOOG) by 2.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,477 shares of the information services provider’s stock after purchasing an additional 955 shares during the period. Alphabet accounts for approximately 0.7% of Personal Capital Advisors Corp’s investment portfolio, making the stock its 24th largest holding. Personal Capital Advisors Corp’s holdings in Alphabet were worth $37,863,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of GOOG. Pineno Levin & Ford Asset Management Inc. acquired a new stake in Alphabet in the third quarter worth about $1,823,000. Adviser Investments LLC boosted its holdings in Alphabet by 35.0% in the third quarter. Adviser Investments LLC now owns 1,896 shares of the information services provider’s stock worth $1,818,000 after acquiring an additional 492 shares in the last quarter. Bartlett & Co. LLC boosted its holdings in Alphabet by 0.4% in the third quarter. Bartlett & Co. LLC now owns 44,535 shares of the information services provider’s stock worth $42,714,000 after acquiring an additional 167 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Alphabet by 1.6% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 14,693 shares of the information services provider’s stock worth $14,092,000 after acquiring an additional 229 shares in the last quarter. Finally, Whittier Trust Co. boosted its holdings in Alphabet by 4.6% in the third quarter. Whittier Trust Co. now owns 40,495 shares of the information services provider’s stock worth $38,839,000 after acquiring an additional 1,780 shares in the last quarter. Institutional investors own 34.64% of the company’s stock.

Several equities research analysts have weighed in on GOOG shares. Morgan Stanley reissued a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, October 20th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, October 6th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $1,150.00 target price on shares of Alphabet in a report on Thursday, October 19th. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and thirty-eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $1,046.24.

In other news, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The stock was sold at an average price of $1,072.64, for a total value of $4,290,560.00. Following the completion of the sale, the chief executive officer now directly owns 803 shares in the company, valued at $861,329.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director L John Doerr sold 12,236 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $1,021.57, for a total value of $12,499,930.52. Following the completion of the sale, the director now owns 3,485 shares of the company’s stock, valued at $3,560,171.45. The disclosure for this sale can be found here. Insiders sold 36,900 shares of company stock valued at $37,430,220 over the last 90 days. Company insiders own 13.92% of the company’s stock.

Alphabet Inc (NASDAQ:GOOG) opened at $1,060.12 on Friday. Alphabet Inc has a twelve month low of $770.41 and a twelve month high of $1,078.49. The stock has a market capitalization of $739,011.19, a P/E ratio of 35.49 and a beta of 0.93. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $27.77 billion during the quarter, compared to the consensus estimate of $27.17 billion. During the same period in the previous year, the company posted $9.06 earnings per share. Alphabet’s revenue for the quarter was up 23.7% on a year-over-year basis.

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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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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