Sumitomo Mitsui DS Asset Management Company Ltd Buys 1,993 Shares of Alphabet Inc (NASDAQ:GOOG)

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Alphabet Inc (NASDAQ:GOOG) by 10.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,455 shares of the information services provider’s stock after acquiring an additional 1,993 shares during the quarter. Alphabet accounts for approximately 1.0% of Sumitomo Mitsui DS Asset Management Company Ltd’s portfolio, making the stock its 20th largest position. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Alphabet were worth $26,153,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Orrstown Financial Services Inc. bought a new stake in Alphabet during the 3rd quarter valued at $26,000. HMS Capital Management LLC bought a new stake in Alphabet during the 2nd quarter valued at $38,000. First PREMIER Bank increased its stake in Alphabet by 44.4% during the 3rd quarter. First PREMIER Bank now owns 52 shares of the information services provider’s stock valued at $63,000 after purchasing an additional 16 shares in the last quarter. Permanens Capital L.P. increased its stake in Alphabet by 180.0% during the 2nd quarter. Permanens Capital L.P. now owns 70 shares of the information services provider’s stock valued at $76,000 after purchasing an additional 45 shares in the last quarter. Finally, Camarda Financial Advisors LLC increased its stake in Alphabet by 35.1% during the 2nd quarter. Camarda Financial Advisors LLC now owns 77 shares of the information services provider’s stock valued at $83,000 after purchasing an additional 20 shares in the last quarter. Institutional investors own 33.82% of the company’s stock.

GOOG traded up $2.91 during mid-day trading on Wednesday, reaching $1,245.92. 800,354 shares of the stock were exchanged, compared to its average volume of 1,301,481. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.96 and a current ratio of 3.98. The stock has a market capitalization of $842.79 billion, a PE ratio of 26.22, a price-to-earnings-growth ratio of 1.42 and a beta of 0.99. The company has a 50 day moving average price of $1,210.52 and a two-hundred day moving average price of $1,172.41. Alphabet Inc has a 1 year low of $970.11 and a 1 year high of $1,289.27.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, July 25th. The information services provider reported $14.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $11.49 by $2.72. The firm had revenue of $38.94 billion for the quarter, compared to the consensus estimate of $38.21 billion. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $11.75 EPS. Sell-side analysts expect that Alphabet Inc will post 51.66 EPS for the current fiscal year.

A number of analysts have commented on GOOG shares. Barclays restated a “buy” rating on shares of Alphabet in a research note on Friday, July 26th. BidaskClub upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a research note on Friday, September 20th. UBS Group restated a “buy” rating on shares of Alphabet in a research note on Friday, July 26th. Oppenheimer boosted their price target on shares of Alphabet from $1,342.00 to $1,370.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, Deutsche Bank restated a “buy” rating on shares of Alphabet in a research note on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $1,378.33.

In related news, Director Ann Mather sold 25 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $1,219.01, for a total value of $30,475.25. Following the transaction, the director now directly owns 1,816 shares of the company’s stock, valued at approximately $2,213,722.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Amie Thuener O’toole sold 55 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $1,200.74, for a total transaction of $66,040.70. Following the completion of the transaction, the vice president now directly owns 388 shares in the company, valued at $465,887.12. The disclosure for this sale can be found here. Insiders have sold a total of 5,391 shares of company stock worth $6,502,992 over the last ninety days. Insiders own 12.99% of the company’s stock.

Alphabet Profile

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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