Ithaka Group LLC grew its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 17.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,023 shares of the information services provider’s stock after buying an additional 5,386 shares during the quarter. Alphabet accounts for about 6.4% of Ithaka Group LLC’s investment portfolio, making the stock its 3rd largest holding. Ithaka Group LLC’s holdings in Alphabet were worth $34,550,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Perennial Advisors LLC lifted its stake in Alphabet by 8.7% during the second quarter. Perennial Advisors LLC now owns 3,232 shares of the information services provider’s stock worth $2,937,000 after purchasing an additional 260 shares during the last quarter. Rothschild Capital Partners LLC bought a new position in Alphabet during the third quarter worth $3,161,000. One Capital Management LLC lifted its stake in Alphabet by 5.0% during the second quarter. One Capital Management LLC now owns 3,213 shares of the information services provider’s stock worth $2,920,000 after purchasing an additional 154 shares during the last quarter. Northeast Investment Management lifted its stake in Alphabet by 4.4% during the second quarter. Northeast Investment Management now owns 12,678 shares of the information services provider’s stock worth $11,521,000 after purchasing an additional 537 shares during the last quarter. Finally, Taurus Asset Management LLC lifted its stake in Alphabet by 0.9% during the second quarter. Taurus Asset Management LLC now owns 25,960 shares of the information services provider’s stock worth $23,591,000 after purchasing an additional 220 shares during the last quarter. Institutional investors own 34.46% of the company’s stock.

Several equities analysts recently issued reports on GOOG shares. UBS Group restated a “buy” rating on shares of Alphabet in a research note on Thursday, January 11th. Deutsche Bank restated a “buy” rating on shares of Alphabet in a research note on Wednesday, October 25th. Morningstar restated a “neutral” rating on shares of Alphabet in a research note on Friday, January 19th. Morgan Stanley restated a “buy” rating on shares of Alphabet in a research note on Friday, January 12th. Finally, Piper Jaffray Companies raised their price objective on Alphabet from $1,150.00 to $1,300.00 and gave the stock an “overweight” rating in a research note on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirty-six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $1,061.93.

In related news, SVP David C. Drummond sold 5,690 shares of Alphabet stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $1,052.50, for a total transaction of $5,988,725.00. Following the transaction, the senior vice president now directly owns 2,897 shares of the company’s stock, valued at $3,049,092.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ann Mather sold 38 shares of Alphabet stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $1,015.80, for a total value of $38,600.40. Following the transaction, the director now directly owns 1,813 shares in the company, valued at $1,841,645.40. The disclosure for this sale can be found here. Insiders have sold 27,435 shares of company stock worth $29,030,612 over the last three months. Corporate insiders own 13.92% of the company’s stock.

Alphabet Inc (NASDAQ GOOG) opened at $1,052.10 on Wednesday. The company has a market capitalization of $730,870.00, a price-to-earnings ratio of 32.86 and a beta of 1.01. The company has a current ratio of 5.14, a quick ratio of 5.11 and a debt-to-equity ratio of 0.03. Alphabet Inc has a fifty-two week low of $803.37 and a fifty-two week high of $1,186.89.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, February 1st. The information services provider reported $9.70 EPS for the quarter, missing analysts’ consensus estimates of $10.07 by ($0.37). The business had revenue of $32.32 billion for the quarter, compared to analyst estimates of $31.88 billion. Alphabet had a net margin of 11.42% and a return on equity of 14.94%. Alphabet’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same period last year, the business posted $9.36 earnings per share.

Alphabet declared that its board has initiated a share repurchase program on Thursday, February 1st that permits the company to buyback $8.59 billion in outstanding shares. This buyback authorization permits the information services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

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Alphabet Company Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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