Price T Rowe Associates Inc. MD boosted its position in Alphabet Inc. (NASDAQ:GOOG) by 0.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,831,305 shares of the company’s stock after buying an additional 65,873 shares during the period. Alphabet comprises approximately 1.5% of Price T Rowe Associates Inc. MD’s investment portfolio, making the stock its 5th largest position. Price T Rowe Associates Inc. MD’s holdings in Alphabet were worth $7,641,775,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Signature Estate & Investment Advisors LLC bought a new position in shares of Alphabet during the third quarter worth approximately $102,000. Quantbot Technologies LP raised its position in shares of Alphabet by 64.2% in the third quarter. Quantbot Technologies LP now owns 156 shares of the company’s stock worth $121,000 after buying an additional 61 shares in the last quarter. Trust Department MB Financial Bank N A raised its position in shares of Alphabet by 3.0% in the third quarter. Trust Department MB Financial Bank N A now owns 170 shares of the company’s stock worth $132,000 after buying an additional 5 shares in the last quarter. Klingman & Associates LLC raised its position in shares of Alphabet by 28.7% in the third quarter. Klingman & Associates LLC now owns 184 shares of the company’s stock worth $143,000 after buying an additional 41 shares in the last quarter. Finally, Alpha Windward LLC raised its position in shares of Alphabet by 0.9% in the third quarter. Alpha Windward LLC now owns 222 shares of the company’s stock worth $173,000 after buying an additional 2 shares in the last quarter. 34.74% of the stock is owned by hedge funds and other institutional investors.
Alphabet Inc. (NASDAQ:GOOG) opened at 819.24 on Tuesday. Alphabet Inc. has a 12 month low of $663.28 and a 12 month high of $841.95. The company has a market cap of $566.44 billion, a P/E ratio of 29.39 and a beta of 0.94. The stock has a 50 day moving average of $804.37 and a 200-day moving average of $783.60.
Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, January 26th. The company reported $9.36 earnings per share (EPS) for the quarter, missing the 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 firm earned $26.04 billion during the quarter, compared to the consensus estimate of $25.18 billion. During the same quarter in the prior year, the business posted $8.67 EPS. The firm’s revenue for the quarter was up 22.2% on a year-over-year basis. Equities research analysts expect that Alphabet Inc. will post $33.23 EPS for the current year.
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GOOG has been the subject of a number of research analyst reports. Goldman Sachs Group, Inc. (The) set a $970.00 price objective on shares of Alphabet and gave the company a “buy” rating in a research report on Friday, October 28th. Atlantic Securities reissued a “buy” rating on shares of Alphabet in a research report on Friday, October 28th. Vetr raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $829.10 price target for the company in a research report on Thursday, October 27th. Needham & Company LLC reissued a “buy” rating and issued a $925.00 price target (up previously from $900.00) on shares of Alphabet in a research report on Friday, October 28th. Finally, Nomura set a $950.00 price target on shares of Alphabet and gave the stock a “buy” rating in a research report on Friday, October 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and forty-two have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $960.88.
In other news, VP James Grier Campbell sold 194 shares of the firm’s stock in a transaction that occurred on Friday, December 2nd. The shares were sold at an average price of $744.59, for a total value of $144,450.46. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ann Mather sold 45 shares of the firm’s stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $761.13, for a total transaction of $34,250.85. Following the completion of the transaction, the director now owns 1,656 shares in the company, valued at approximately $1,260,431.28. The disclosure for this sale can be found here. Insiders sold 812,924 shares of company stock worth $646,294,063 in the last 90 days. Company insiders own 13.92% of the company’s stock.
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.
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