Measured Wealth Private Client Group LLC bought a new stake in Alphabet Inc (NASDAQ:GOOG) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 172 shares of the information services provider’s stock, valued at approximately $253,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Virtus ETF Advisers LLC purchased a new position in shares of Alphabet in the 2nd quarter valued at $38,000. Campbell Wealth Management purchased a new position in shares of Alphabet in the 2nd quarter valued at $41,000. Islay Capital Management LLC grew its position in shares of Alphabet by 40.0% in the 2nd quarter. Islay Capital Management LLC now owns 35 shares of the information services provider’s stock valued at $49,000 after buying an additional 10 shares during the last quarter. Prestige Wealth Management Group LLC grew its position in shares of Alphabet by 1,700.0% in the 1st quarter. Prestige Wealth Management Group LLC now owns 36 shares of the information services provider’s stock valued at $42,000 after buying an additional 34 shares during the last quarter. Finally, Cedar Mountain Advisors LLC grew its position in shares of Alphabet by 34.4% in the 2nd quarter. Cedar Mountain Advisors LLC now owns 43 shares of the information services provider’s stock valued at $61,000 after buying an additional 11 shares during the last quarter. 32.42% of the stock is currently owned by hedge funds and other institutional investors.

GOOG stock opened at $1,573.01 on Friday. Alphabet Inc has a one year low of $1,013.54 and a one year high of $1,733.18. The stock has a market capitalization of $1,069.90 billion, a PE ratio of 34.59, a price-to-earnings-growth ratio of 2.16 and a beta of 1.10. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.40 and a current ratio of 3.41. The company has a fifty day moving average of $1,525.61 and a 200-day moving average of $1,436.75.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, July 30th. The information services provider reported $10.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $8.43 by $1.70. Alphabet had a net margin of 18.99% and a return on equity of 15.62%. The firm had revenue of $31.60 billion during the quarter, compared to analysts’ expectations of $30.58 billion. Equities analysts forecast that Alphabet Inc will post 44.84 earnings per share for the current fiscal year.

In related news, Director John L. Hennessy sold 60 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $1,538.29, for a total value of $92,297.40. Following the completion of the sale, the director now owns 517 shares in the company, valued at $795,295.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ann Mather sold 22 shares of the firm’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $1,484.27, for a total transaction of $32,653.94. Following the completion of the sale, the director now owns 1,134 shares of the company’s stock, valued at approximately $1,683,162.18. The disclosure for this sale can be found here. Insiders sold 142 shares of company stock valued at $213,357 in the last quarter. Company insiders own 12.99% of the company’s stock.

Several brokerages have issued reports on GOOG. Royal Bank of Canada reissued a “buy” rating on shares of Alphabet in a research report on Friday, July 31st. Jefferies Financial Group reissued a “buy” rating on shares of Alphabet in a research report on Monday, October 12th. UBS Group reissued a “buy” rating and set a $1,970.00 price objective (up from $1,600.00) on shares of Alphabet in a research report on Tuesday, August 25th. KeyCorp began coverage on shares of Alphabet in a research report on Monday, September 14th. They set an “overweight” rating on the stock. Finally, Zacks Investment Research raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,760.00 price objective on the stock in a research report on Wednesday. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $1,703.33.

Alphabet Company Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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