Mount Vernon Associates Inc. MD lifted its holdings in Alphabet Inc (NASDAQ:GOOG) by 3.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,162 shares of the information services provider’s stock after buying an additional 70 shares during the quarter. Alphabet makes up 3.4% of Mount Vernon Associates Inc. MD’s portfolio, making the stock its 9th biggest position. Mount Vernon Associates Inc. MD’s holdings in Alphabet were worth $2,074,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Janus Henderson Group PLC grew its stake in shares of Alphabet by 759.0% in the 2nd quarter. Janus Henderson Group PLC now owns 3,204,087 shares of the information services provider’s stock worth $2,911,734,000 after purchasing an additional 2,831,099 shares during the last quarter. Harbour Capital Advisors LLC grew its stake in shares of Alphabet by 87,001.5% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,993,754 shares of the information services provider’s stock worth $2,194,000 after purchasing an additional 1,991,465 shares during the last quarter. Koch Industries Inc. grew its stake in shares of Alphabet by 214,636.6% in the 2nd quarter. Koch Industries Inc. now owns 1,161,725 shares of the information services provider’s stock worth $1,160,000 after purchasing an additional 1,161,184 shares during the last quarter. BlackRock Inc. grew its stake in shares of Alphabet by 4.8% in the 2nd quarter. BlackRock Inc. now owns 18,058,006 shares of the information services provider’s stock worth $16,409,850,000 after purchasing an additional 826,480 shares during the last quarter. Finally, Capital World Investors grew its stake in shares of Alphabet by 13.9% in the 2nd quarter. Capital World Investors now owns 6,371,356 shares of the information services provider’s stock worth $5,789,842,000 after purchasing an additional 776,853 shares during the last quarter. Institutional investors own 34.64% of the company’s stock.
In other Alphabet news, CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $958.40, for a total transaction of $3,833,600.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP James Grier Campbell sold 184 shares of Alphabet stock in a transaction on Monday, December 4th. The stock was sold at an average price of $1,012.66, for a total transaction of $186,329.44. The disclosure for this sale can be found here. Insiders have sold 36,900 shares of company stock worth $37,430,220 in the last ninety days. 13.92% of the stock is currently owned by insiders.
Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 analyst estimates of $27.17 billion. During the same quarter in the previous year, the firm posted $9.06 earnings per share. Alphabet’s revenue was up 23.7% compared to the same quarter last year.
GOOG has been the subject of several recent analyst reports. Vetr cut shares of Alphabet from a “hold” rating to a “sell” rating and set a $1,019.04 target price for the company. in a report on Wednesday, December 20th. UBS Group reiterated a “buy” rating on shares of Alphabet in a report on Monday, November 27th. BidaskClub upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a report on Tuesday, December 12th. Piper Jaffray Companies reiterated an “overweight” rating and issued a $1,150.00 target price on shares of Alphabet in a report on Thursday, October 19th. Finally, Pivotal Research raised their price target on shares of Alphabet from $940.00 to $970.00 and gave the stock a “hold” rating in a report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and thirty-eight have assigned a buy rating to the stock. Alphabet has a consensus rating of “Buy” and an average price target of $1,046.24.
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Alphabet Company Profile
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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