Richard Bernstein Advisors LLC Increases Stake in Alphabet Inc. (GOOG)

Richard Bernstein Advisors LLC increased its holdings in Alphabet Inc. (NASDAQ:GOOG) by 17.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,210 shares of the information services provider’s stock after buying an additional 1,957 shares during the quarter. Alphabet comprises 0.9% of Richard Bernstein Advisors LLC’s portfolio, making the stock its 22nd largest holding. Richard Bernstein Advisors LLC’s holdings in Alphabet were worth $12,004,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of GOOG. Harbour Capital Advisors LLC grew its holdings in Alphabet by 87,001.5% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,993,754 shares of the information services provider’s stock worth $2,194,000 after buying an additional 1,991,465 shares in the last quarter. Sanders Capital LLC grew its holdings in Alphabet by 37.1% in the 1st quarter. Sanders Capital LLC now owns 1,199,405 shares of the information services provider’s stock worth $1,019,026,000 after buying an additional 324,596 shares in the last quarter. Pictet Asset Management Ltd. grew its holdings in Alphabet by 35.8% in the 1st quarter. Pictet Asset Management Ltd. now owns 422,437 shares of the information services provider’s stock worth $350,437,000 after buying an additional 111,292 shares in the last quarter. Arthur M. Cohen & Associates LLC bought a new position in Alphabet in the 2nd quarter worth approximately $4,914,000. Finally, Karp Capital Management Corp bought a new position in Alphabet in the 1st quarter worth approximately $82,519,000. 34.28% of the stock is owned by institutional investors and hedge funds.

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In related news, Director Ann Mather sold 37 shares of Alphabet stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $940.67, for a total transaction of $34,804.79. Following the sale, the director now directly owns 1,789 shares of the company’s stock, valued at $1,682,858.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP David C. Drummond sold 1,496 shares of Alphabet stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $939.76, for a total value of $1,405,880.96. Following the sale, the senior vice president now directly owns 52 shares in the company, valued at $48,867.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,158 shares of company stock worth $21,355,239. 13.92% of the stock is currently owned by company insiders.

A number of equities analysts recently issued reports on the company. Vetr raised Alphabet from a “hold” rating to a “buy” rating and set a $1,067.64 price objective for the company in a report on Monday. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating on shares of Alphabet in a research note on Friday, October 27th. UBS AG reaffirmed a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. Finally, Macquarie reaffirmed a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirty-nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $1,047.52.

Shares of Alphabet Inc. (NASDAQ GOOG) opened at $1,026.00 on Wednesday. The stock has a market capitalization of $712,692.13, a PE ratio of 34.34 and a beta of 0.95. Alphabet Inc. has a 1 year low of $737.02 and a 1 year high of $1,048.39. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $8.31 by $1.26. The company had revenue of $27.77 billion for the quarter, compared to the consensus estimate of $27.17 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The firm’s revenue was up 23.7% compared to the same quarter last year. During the same period last year, the business posted $9.06 earnings per share.

Alphabet 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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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