Alphabet Inc (GOOG) is State of Alaska Department of Revenue’s 10th Largest Position

State of Alaska Department of Revenue lifted its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 1.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,121 shares of the information services provider’s stock after acquiring an additional 424 shares during the quarter. Alphabet comprises approximately 0.9% of State of Alaska Department of Revenue’s holdings, making the stock its 10th largest position. State of Alaska Department of Revenue’s holdings in Alphabet were worth $52,655,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GOOG. IMS Capital Management lifted its position in shares of Alphabet by 2.9% during the 2nd quarter. IMS Capital Management now owns 1,465 shares of the information services provider’s stock worth $1,634,000 after purchasing an additional 41 shares during the last quarter. Trust Co. of Virginia VA lifted its position in shares of Alphabet by 7.2% during the 2nd quarter. Trust Co. of Virginia VA now owns 614 shares of the information services provider’s stock worth $685,000 after purchasing an additional 41 shares during the last quarter. Intl Fcstone Inc. lifted its position in shares of Alphabet by 13.8% during the 2nd quarter. Intl Fcstone Inc. now owns 347 shares of the information services provider’s stock worth $387,000 after purchasing an additional 42 shares during the last quarter. Security National Trust Co. raised its holdings in Alphabet by 1.9% in the 2nd quarter. Security National Trust Co. now owns 2,229 shares of the information services provider’s stock valued at $2,487,000 after acquiring an additional 42 shares in the last quarter. Finally, Providence First Trust Co raised its holdings in Alphabet by 2.7% in the 2nd quarter. Providence First Trust Co now owns 1,581 shares of the information services provider’s stock valued at $1,764,000 after acquiring an additional 42 shares in the last quarter. Institutional investors own 33.96% of the company’s stock.

In other news, CEO Sundar Pichai sold 10,000 shares of the stock in a transaction that occurred on Wednesday, November 21st. The stock was sold at an average price of $1,038.35, for a total value of $10,383,500.00. Following the completion of the transaction, the chief executive officer now directly owns 519 shares of the company’s stock, valued at approximately $538,903.65. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director L John Doerr sold 11,908 shares of the stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $1,049.76, for a total value of $12,500,542.08. Following the completion of the transaction, the director now directly owns 3,485 shares of the company’s stock, valued at $3,658,413.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 89,267 shares of company stock valued at $99,725,538. 13.11% of the stock is currently owned by insiders.

Shares of GOOG opened at $1,094.43 on Friday. Alphabet Inc has a 1 year low of $980.64 and a 1 year high of $1,273.89. The company has a quick ratio of 4.10, a current ratio of 4.14 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $761.59 billion, a PE ratio of 24.63 and a beta of 1.16.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, October 25th. The information services provider reported $13.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $10.41 by $2.65. Alphabet had a return on equity of 19.40% and a net margin of 14.45%. The business had revenue of $27.16 billion during the quarter.

Several equities analysts have commented on the company. JMP Securities reaffirmed a “neutral” rating on shares of Alphabet in a report on Friday, November 2nd. Jefferies Financial Group reaffirmed a “buy” rating on shares of Alphabet in a report on Monday, November 19th. Macquarie reaffirmed a “buy” rating on shares of Alphabet in a report on Wednesday, August 15th. Morgan Stanley reaffirmed a “buy” rating on shares of Alphabet in a report on Tuesday, August 7th. Finally, Stifel Nicolaus reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, October 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-nine have assigned a buy rating to the company’s stock. Alphabet currently has an average rating of “Buy” and a consensus price target of $1,301.81.

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Alphabet Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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