Family Management Corp raised its stake in Alphabet Inc (NASDAQ:GOOG) by 20.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 382 shares of the information services provider’s stock after buying an additional 65 shares during the quarter. Family Management Corp’s holdings in Alphabet were worth $366,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in GOOG. Janus Henderson Group PLC raised its holdings in shares of Alphabet by 759.0% in the second quarter. Janus Henderson Group PLC now owns 3,204,087 shares of the information services provider’s stock valued at $2,911,734,000 after purchasing an additional 2,831,099 shares during the last quarter. Koch Industries Inc. increased its holdings in Alphabet by 214,636.6% during the second quarter. Koch Industries Inc. now owns 1,161,725 shares of the information services provider’s stock worth $1,160,000 after buying an additional 1,161,184 shares during the last quarter. BlackRock Inc. increased its holdings in Alphabet by 4.8% during the second quarter. BlackRock Inc. now owns 18,058,006 shares of the information services provider’s stock worth $16,409,850,000 after buying an additional 826,480 shares during the last quarter. Capital World Investors increased its holdings in Alphabet by 13.9% during the second quarter. Capital World Investors now owns 6,371,356 shares of the information services provider’s stock worth $5,789,842,000 after buying an additional 776,853 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Alphabet by 3.0% during the second quarter. Vanguard Group Inc. now owns 20,440,038 shares of the information services provider’s stock worth $18,574,476,000 after buying an additional 589,654 shares during the last quarter. 34.46% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Ann Mather sold 38 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $1,015.80, for a total transaction of $38,600.40. Following the completion of the sale, the director now owns 1,813 shares of the company’s stock, valued at $1,841,645.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $1,002.86, for a total transaction of $4,011,440.00. Following the sale, the chief executive officer now directly owns 1,178 shares of the company’s stock, valued at approximately $1,181,369.08. The disclosure for this sale can be found here. In the last three months, insiders sold 27,435 shares of company stock valued at $29,030,612. 13.92% of the stock is currently owned by company insiders.

Shares of Alphabet Inc (GOOG) opened at $1,069.70 on Thursday. The stock has a market cap of $744,090.00, a PE ratio of 59.56 and a beta of 1.01. Alphabet Inc has a 52-week low of $803.37 and a 52-week high of $1,186.89. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.14 and a quick ratio of 5.11.

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

Alphabet announced that its board has authorized a stock buyback program on Thursday, February 1st that permits the company to buyback $8.59 billion in shares. This buyback authorization permits the information services provider to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

A number of brokerages recently weighed in on GOOG. BidaskClub upgraded shares of Alphabet from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 10th. TheStreet downgraded shares of Alphabet from an “a” rating to a “c+” rating in a report on Thursday, February 1st. Cantor Fitzgerald restated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. JMP Securities restated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Finally, Vetr downgraded shares of Alphabet from a “sell” rating to a “strong sell” rating and set a $949.65 target price on the stock. in a report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirty-six have assigned a buy rating to the stock. Alphabet currently has an average rating of “Buy” and a consensus price target of $1,061.93.

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About Alphabet

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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