Zurich Insurance Group Ltd FI Purchases 1,318 Shares of Alphabet Inc (NASDAQ:GOOG)

Zurich Insurance Group Ltd FI boosted its position in shares of Alphabet Inc (NASDAQ:GOOG) by 4.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,231 shares of the information services provider’s stock after acquiring an additional 1,318 shares during the period. Zurich Insurance Group Ltd FI’s holdings in Alphabet were worth $35,920,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOG. Alberta Investment Management Corp grew its holdings in Alphabet by 39.7% during the 2nd quarter. Alberta Investment Management Corp now owns 48,200 shares of the information services provider’s stock valued at $52,100,000 after buying an additional 13,700 shares in the last quarter. Apriem Advisors purchased a new position in shares of Alphabet in the second quarter valued at $378,000. Aldebaran Financial Inc. grew its holdings in shares of Alphabet by 8.6% in the second quarter. Aldebaran Financial Inc. now owns 1,897 shares of the information services provider’s stock valued at $2,050,000 after purchasing an additional 150 shares in the last quarter. Paloma Partners Management Co purchased a new position in shares of Alphabet in the second quarter valued at $310,000. Finally, Eminence Capital LP grew its holdings in shares of Alphabet by 6.2% in the second quarter. Eminence Capital LP now owns 196,528 shares of the information services provider’s stock valued at $212,429,000 after purchasing an additional 11,439 shares in the last quarter. Institutional investors own 33.79% of the company’s stock.

In other news, Director Ann Mather sold 27 shares of Alphabet stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $1,213.14, for a total transaction of $32,754.78. Following the completion of the sale, the director now directly owns 1,803 shares in the company, valued at $2,187,291.42. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP David C. Drummond sold 1,600 shares of Alphabet stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $1,179.44, for a total value of $1,887,104.00. Following the sale, the senior vice president now owns 44,482 shares of the company’s stock, valued at $52,463,850.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,744 shares of company stock valued at $4,480,345. Corporate insiders own 12.99% of the company’s stock.

GOOG has been the subject of a number of recent research reports. Benchmark reissued a “buy” rating and issued a $1,360.00 target price (up from $1,315.00) on shares of Alphabet in a report on Friday, July 26th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Alphabet in a report on Friday, July 26th. BidaskClub raised shares of Alphabet from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,372.00 target price for the company in a report on Wednesday, July 31st. Finally, Bank of America reissued a “buy” rating and issued a $1,450.00 target price (up from $1,350.00) on shares of Alphabet in a report on Friday, July 26th. Three research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. Alphabet currently has an average rating of “Buy” and an average target price of $1,378.93.

Shares of NASDAQ:GOOG traded down $7.26 on Friday, hitting $1,231.46. 835,167 shares of the company’s stock were exchanged, compared to its average volume of 1,140,491. Alphabet Inc has a 12 month low of $970.11 and a 12 month high of $1,289.27. The stock has a market capitalization of $852.29 billion, a price-to-earnings ratio of 25.92, a price-to-earnings-growth ratio of 1.44 and a beta of 0.98. The business’s 50 day simple moving average is $1,192.80 and its two-hundred day simple moving average is $1,167.33. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.98 and a quick ratio of 3.96.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, July 25th. The information services provider reported $14.21 earnings per share for the quarter, topping the consensus estimate of $11.49 by $2.72. Alphabet had a return on equity of 20.15% and a net margin of 23.43%. The business had revenue of $38.94 billion during the quarter, compared to the consensus estimate of $38.21 billion. During the same period last year, the company earned $11.75 earnings per share. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. Equities analysts forecast that Alphabet Inc will post 51.48 EPS for the current fiscal year.

About Alphabet

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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