Bloom Tree Partners LLC Has $50,990,000 Position in Alphabet Inc. (GOOG)

Bloom Tree Partners LLC decreased its position in Alphabet Inc. (NASDAQ:GOOG) by 22.8% during the third quarter, Holdings Channel reports. The institutional investor owned 65,600 shares of the company’s stock after selling 19,415 shares during the period. Alphabet makes up about 3.9% of Bloom Tree Partners LLC’s holdings, making the stock its 8th largest position. Bloom Tree Partners LLC’s holdings in Alphabet were worth $50,990,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. IBIS Capital Partners LLP increased its stake in Alphabet by 5.4% in the third quarter. IBIS Capital Partners LLP now owns 27,266 shares of the company’s stock worth $21,194,000 after buying an additional 1,398 shares in the last quarter. Mairs & Power INC increased its stake in Alphabet by 12,662.3% in the third quarter. Mairs & Power INC now owns 61,259 shares of the company’s stock worth $47,616,000 after buying an additional 60,779 shares in the last quarter. Birch Hill Investment Advisors LLC increased its stake in Alphabet by 0.5% in the third quarter. Birch Hill Investment Advisors LLC now owns 21,210 shares of the company’s stock worth $16,486,000 after buying an additional 110 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Alphabet by 52.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 125,451 shares of the company’s stock worth $97,512,000 after buying an additional 42,941 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA increased its stake in Alphabet by 2.2% in the third quarter. Compagnie Lombard Odier SCmA now owns 43,123 shares of the company’s stock worth $33,522,000 after buying an additional 910 shares in the last quarter. Hedge funds and other institutional investors own 34.77% of the company’s stock.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Alphabet Inc. (NASDAQ:GOOG) opened at 813.67 on Friday. Alphabet Inc. has a 12 month low of $663.06 and a 12 month high of $841.95. The company has a 50 day moving average price of $803.48 and a 200-day moving average price of $782.45. The company has a market cap of $562.59 billion, a PE ratio of 29.19 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, January 26th. The company reported $9.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $9.67 by $0.31. Alphabet had a return on equity of 14.85% and a net margin of 21.58%. The company had revenue of $26.04 billion for the quarter, compared to the consensus estimate of $25.18 billion. During the same quarter last year, the company posted $8.67 EPS. The company’s quarterly revenue was up 22.2% compared to the same quarter last year. Equities analysts predict that Alphabet Inc. will post $33.23 earnings per share for the current fiscal year.

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A number of research firms have weighed in on GOOG. Robert W. Baird reiterated an “outperform” rating and set a $960.00 price target on shares of Alphabet in a research note on Thursday. MKM Partners reiterated a “buy” rating and set a $1,000.00 price target (up previously from $935.00) on shares of Alphabet in a research note on Thursday, February 2nd. Societe Generale reiterated a “buy” rating on shares of Alphabet in a research note on Thursday, February 2nd. Aegis reiterated a “buy” rating and set a $1,011.00 price target on shares of Alphabet in a research note on Tuesday, January 31st. Finally, Argus reiterated a “buy” rating and set a $950.00 price target on shares of Alphabet in a research note on Tuesday, January 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and forty-two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $960.88.

In other Alphabet news, Director Ann Mather sold 45 shares of the business’s stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $761.13, for a total value of $34,250.85. Following the transaction, the director now owns 1,656 shares of the company’s stock, valued at $1,260,431.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP David C. Drummond sold 2,000 shares of the business’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $763.68, for a total value of $1,527,360.00. Following the completion of the transaction, the senior vice president now directly owns 9,748 shares in the company, valued at approximately $7,444,352.64. The disclosure for this sale can be found here. Insiders have sold 829,752 shares of company stock valued at $659,070,834 in the last quarter. 13.92% of the stock is currently owned by corporate insiders.

Alphabet Company Profile

Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.

5 Day Chart for NASDAQ:GOOG

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOG).

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