Wafra Inc. purchased a new position in Alphabet Inc (NASDAQ:GOOG) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,389 shares of the information services provider’s stock, valued at approximately $15,979,000.

Several other hedge funds have also bought and sold shares of the company. Homrich & Berg increased its position in Alphabet by 14.8% during the third quarter. Homrich & Berg now owns 1,128 shares of the information services provider’s stock valued at $1,346,000 after acquiring an additional 145 shares during the last quarter. Brown Advisory Securities LLC increased its position in Alphabet by 2.5% during the third quarter. Brown Advisory Securities LLC now owns 7,342 shares of the information services provider’s stock valued at $8,775,000 after acquiring an additional 181 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Alphabet by 0.6% during the third quarter. Dimensional Fund Advisors LP now owns 622,207 shares of the information services provider’s stock valued at $742,585,000 after acquiring an additional 3,579 shares during the last quarter. Meiji Yasuda Life Insurance Co increased its position in Alphabet by 8.1% in the third quarter. Meiji Yasuda Life Insurance Co now owns 2,140 shares of the information services provider’s stock worth $2,554,000 after buying an additional 160 shares in the last quarter. Finally, MayTech Global Investments LLC increased its position in Alphabet by 13.0% in the third quarter. MayTech Global Investments LLC now owns 9,536 shares of the information services provider’s stock worth $11,381,000 after buying an additional 1,097 shares in the last quarter. Hedge funds and other institutional investors own 42.14% of the company’s stock.

Shares of NASDAQ GOOG traded up $3.54 during mid-day trading on Monday, reaching $1,098.60. The company’s stock had a trading volume of 6,775 shares, compared to its average volume of 1,506,964. The firm has a market cap of $762.03 billion, a price-to-earnings ratio of 23.05 and a beta of 1.06. The company has a quick ratio of 3.89, a current ratio of 3.92 and a debt-to-equity ratio of 0.02. Alphabet Inc has a 52 week low of $970.11 and a 52 week high of $1,273.89.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Monday, February 4th. The information services provider reported $12.77 EPS for the quarter, beating analysts’ consensus estimates of $10.86 by $1.91. Alphabet had a return on equity of 19.94% and a net margin of 22.47%. The company had revenue of $39.28 billion during the quarter, compared to analyst estimates of $38.91 billion. During the same period in the prior year, the company earned $9.70 earnings per share. The firm’s revenue was up 21.5% on a year-over-year basis.

In other Alphabet news, Director Ann Mather sold 194 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $1,120.68, for a total transaction of $217,411.92. Following the sale, the director now directly owns 1,797 shares in the company, valued at $2,013,861.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director L John Doerr sold 11,908 shares of the stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $1,049.76, for a total value of $12,500,542.08. Following the completion of the sale, the director now owns 3,485 shares in the company, valued at $3,658,413.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 73,805 shares of company stock valued at $77,449,341. 13.11% of the stock is owned by corporate insiders.

A number of brokerages have commented on GOOG. Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a research report on Wednesday, February 6th. Credit Suisse Group restated a “buy” rating on shares of Alphabet in a research report on Tuesday, February 5th. Deutsche Bank restated a “buy” rating and issued a $1,380.00 price target (up previously from $1,300.00) on shares of Alphabet in a research report on Tuesday, February 5th. UBS Group restated a “buy” rating on shares of Alphabet in a research report on Tuesday, February 5th. Finally, Barclays reduced their price target on Alphabet to $1,350.00 and set an “overweight” rating for the company in a research report on Tuesday, February 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $1,327.66.

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Alphabet Company Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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