Alphabet Inc (GOOG) Stake Boosted by Nwam LLC

Nwam LLC lifted its stake in Alphabet Inc (NASDAQ:GOOG) by 7.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,123 shares of the information services provider’s stock after acquiring an additional 138 shares during the quarter. Nwam LLC’s holdings in Alphabet were worth $2,534,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Summit Trail Advisors LLC lifted its holdings in Alphabet by 132,719.3% during the 1st quarter. Summit Trail Advisors LLC now owns 18,679,702 shares of the information services provider’s stock worth $18,680,000 after buying an additional 18,665,638 shares in the last quarter. Magellan Asset Management Ltd lifted its holdings in Alphabet by 684.2% during the 1st quarter. Magellan Asset Management Ltd now owns 2,114,849 shares of the information services provider’s stock worth $2,182,080,000 after buying an additional 1,845,160 shares in the last quarter. Private Advisor Group LLC lifted its holdings in Alphabet by 18,323.9% during the 2nd quarter. Private Advisor Group LLC now owns 954,357 shares of the information services provider’s stock worth $1,064,798,000 after buying an additional 949,177 shares in the last quarter. Mainstay Capital Management LLC ADV lifted its holdings in Alphabet by 79,743.5% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 796,838 shares of the information services provider’s stock worth $1,009,000 after buying an additional 795,840 shares in the last quarter. Finally, Cornerstone Wealth Management LLC lifted its holdings in Alphabet by 114,793.0% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 723,826 shares of the information services provider’s stock worth $642,000 after buying an additional 723,196 shares in the last quarter. Hedge funds and other institutional investors own 33.96% of the company’s stock.

In related news, CEO Sundar Pichai sold 10,000 shares of the stock in a transaction on Wednesday, November 21st. The shares were sold at an average price of $1,038.35, for a total value of $10,383,500.00. Following the transaction, the chief executive officer now directly owns 519 shares of the company’s stock, valued at approximately $538,903.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ann Mather sold 24 shares of the stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $1,206.20, for a total transaction of $28,948.80. Following the completion of the transaction, the director now directly owns 1,898 shares in the company, valued at $2,289,367.60. The disclosure for this sale can be found here. Insiders sold a total of 89,267 shares of company stock worth $99,725,538 over the last ninety days. Insiders own 13.11% of the company’s stock.

NASDAQ GOOG opened at $1,094.43 on Friday. The company has a current ratio of 4.14, a quick ratio of 4.10 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $761.59 billion, a P/E ratio of 24.63 and a beta of 1.16. Alphabet Inc has a 12 month low of $980.64 and a 12 month high of $1,273.89.

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

A number of equities research analysts have issued reports on GOOG shares. Morgan Stanley reiterated a “buy” rating on shares of Alphabet in a report on Wednesday, August 29th. Macquarie reiterated a “buy” rating on shares of Alphabet in a report on Monday, August 27th. Wells Fargo & Co reiterated a “buy” rating on shares of Alphabet in a report on Thursday, August 23rd. Jefferies Financial Group reiterated a “buy” rating on shares of Alphabet in a report on Tuesday, August 21st. Finally, Barclays reiterated a “buy” rating on shares of Alphabet in a report on Monday, August 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $1,301.81.

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Alphabet Company 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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