Warren Averett Asset Management LLC Acquires 992 Shares of Alphabet Inc (GOOG)

Warren Averett Asset Management LLC lifted its position in shares of Alphabet Inc (NASDAQ:GOOG) by 115.1% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,854 shares of the information services provider’s stock after buying an additional 992 shares during the quarter. Warren Averett Asset Management LLC’s holdings in Alphabet were worth $1,778,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOG. Janus Henderson Group PLC lifted its stake in 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 in the last quarter. Harbour Capital Advisors LLC lifted its stake in 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 in the last quarter. Koch Industries Inc. lifted its stake in 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 in the last quarter. BlackRock Inc. lifted its stake in 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 in the last quarter. Finally, Capital World Investors increased its holdings 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 buying an additional 776,853 shares during the last quarter. Institutional investors own 34.63% of the company’s stock.

GOOG has been the topic of a number of research reports. Deutsche Bank restated a “buy” rating on shares of Alphabet in a report on Wednesday, October 25th. UBS Group restated a “buy” rating and issued a $1,080.00 target price on shares of Alphabet in a report on Monday, September 11th. JPMorgan Chase & Co. restated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Vetr downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,067.64 target price on the stock. in a report on Monday, November 20th. Finally, Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a report on Friday, October 20th. Two investment 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. Alphabet currently has a consensus rating of “Buy” and a consensus price target of $1,046.04.

In other Alphabet news, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $1,065.21, for a total value of $4,260,840.00. Following the completion of the transaction, the chief executive officer now owns 1,031 shares of the company’s stock, valued at $1,098,231.51. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director L John Doerr sold 12,236 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $1,021.57, for a total transaction of $12,499,930.52. Following the completion of the transaction, the director now directly owns 3,485 shares of the company’s stock, valued at approximately $3,560,171.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,900 shares of company stock valued at $37,877,147. Corporate insiders own 13.92% of the company’s stock.

Shares of Alphabet Inc (NASDAQ:GOOG) opened at $1,102.23 on Friday. Alphabet Inc has a 52-week low of $785.02 and a 52-week high of $1,104.25. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. The company has a market cap of $769,110.00, a P/E ratio of 36.72 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating 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 company had revenue of $27.77 billion during the quarter, compared to analysts’ expectations of $27.17 billion. Alphabet’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $9.06 earnings per share.

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Alphabet 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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