Alphabet Inc (GOOG) Shares Bought by Founders Capital Management LLC

Founders Capital Management LLC grew its holdings in Alphabet Inc (NASDAQ:GOOG) by 1,868.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,468 shares of the information services provider’s stock after buying an additional 8,987 shares during the quarter. Alphabet comprises 4.3% of Founders Capital Management LLC’s investment portfolio, making the stock its 7th biggest holding. Founders Capital Management LLC’s holdings in Alphabet were worth $9,081,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of GOOG. Wrapmanager Inc. raised its holdings in Alphabet by 9.9% during the first quarter. Wrapmanager Inc. now owns 810 shares of the information services provider’s stock worth $672,000 after purchasing an additional 73 shares during the last quarter. Capital One National Association raised its holdings in Alphabet by 32.5% during the first quarter. Capital One National Association now owns 3,122 shares of the information services provider’s stock worth $2,590,000 after purchasing an additional 765 shares during the last quarter. Wealth Architects LLC raised its holdings in Alphabet by 4.3% during the first quarter. Wealth Architects LLC now owns 899 shares of the information services provider’s stock worth $746,000 after purchasing an additional 37 shares during the last quarter. Checchi Capital Advisers LLC raised its holdings in Alphabet by 7.7% during the first quarter. Checchi Capital Advisers LLC now owns 2,957 shares of the information services provider’s stock worth $2,453,000 after purchasing an additional 212 shares during the last quarter. Finally, Terra Nova Asset Management LLC acquired a new position in Alphabet during the first quarter worth $529,000. 34.63% of the stock is owned by institutional investors and hedge funds.

Shares of Alphabet Inc (NASDAQ GOOG) opened at $1,056.74 on Wednesday. Alphabet Inc has a 1 year low of $770.41 and a 1 year high of $1,078.49. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $736,572.44, a PE ratio of 35.38 and a beta of 0.93.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, topping the Thomson Reuters’ 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 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 earnings per share. The company’s revenue was up 23.7% compared to the same quarter last year.

In related news, Director Ann Mather sold 38 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $959.26, for a total value of $36,451.88. Following the transaction, the director now owns 1,797 shares in the company, valued at $1,723,790.22. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now owns 803 shares in the company, valued at approximately $861,329.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,900 shares of company stock worth $37,430,220. Insiders own 13.92% of the company’s stock.

A number of equities analysts have recently weighed in on the company. Wells Fargo & Co reissued a “buy” rating on shares of Alphabet in a report on Friday, October 27th. UBS Group reissued a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Societe Generale reissued a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Vetr cut Alphabet from a “buy” rating to a “hold” rating and set a $1,065.12 price target for the company. in a report on Thursday, December 7th. Finally, Oppenheimer reissued an “outperform” rating on shares of Alphabet in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $1,046.52.

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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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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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