Alphabet Inc (GOOG) Shares Bought by Personal Capital Advisors Corp

Personal Capital Advisors Corp boosted its position in shares of Alphabet Inc (NASDAQ:GOOG) by 4.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 38,462 shares of the information services provider’s stock after purchasing an additional 1,463 shares during the period. Alphabet accounts for 0.6% of Personal Capital Advisors Corp’s investment portfolio, making the stock its 27th biggest holding. Personal Capital Advisors Corp’s holdings in Alphabet were worth $45,903,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Braun Bostich & Associates Inc. acquired a new stake in shares of Alphabet during the 1st quarter valued at $107,000. ELM Advisors LLC acquired a new stake in shares of Alphabet during the 3rd quarter valued at $138,000. JJJ Advisors Inc. acquired a new stake in shares of Alphabet during the 2nd quarter valued at $134,000. Blackhawk Capital Partners LLC. boosted its stake in shares of Alphabet by 148.6% during the 2nd quarter. Blackhawk Capital Partners LLC. now owns 174 shares of the information services provider’s stock valued at $194,000 after buying an additional 104 shares during the period. Finally, North Point Portfolio Managers Corp OH acquired a new stake in shares of Alphabet during the 2nd quarter valued at $201,000. Hedge funds and other institutional investors own 40.44% of the company’s stock.

A number of equities research analysts have issued reports on GOOG shares. Barclays reissued a “buy” rating on shares of Alphabet in a research note on Monday, August 6th. Morgan Stanley reissued a “buy” rating on shares of Alphabet in a research note on Tuesday, August 7th. Macquarie reissued a “buy” rating on shares of Alphabet in a research note on Wednesday, August 15th. BidaskClub lowered shares of Alphabet from a “buy” rating to a “hold” rating in a research note on Friday, August 17th. Finally, Morningstar reissued a “neutral” rating on shares of Alphabet in a research note on Friday, August 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $1,301.81.

In related news, CEO Sundar Pichai sold 10,000 shares of Alphabet 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 owns 519 shares in the company, valued at approximately $538,903.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director L John Doerr sold 11,908 shares of Alphabet stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $1,049.76, for a total transaction of $12,500,542.08. Following the completion of the transaction, the director now owns 3,485 shares in the company, valued at approximately $3,658,413.60. The disclosure for this sale can be found here. Insiders sold a total of 89,437 shares of company stock worth $99,914,001 in the last quarter. Insiders own 13.11% of the company’s stock.

GOOG stock opened at $1,106.43 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.14 and a quick ratio of 4.10. Alphabet Inc has a 1 year low of $980.64 and a 1 year high of $1,273.89. The firm has a market capitalization of $761.59 billion, a P/E ratio of 24.63 and a beta of 1.15.

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

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About Alphabet

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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