Thor Advisors LLC Invests $56,000 in Alphabet Inc (NASDAQ:GOOG) Stock

Thor Advisors LLC acquired a new stake in shares of Alphabet Inc (NASDAQ:GOOG) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 48 shares of the information services provider’s stock, valued at approximately $56,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in GOOG. Oregon Public Employees Retirement Fund boosted its position in shares of Alphabet by 102,010.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 56,224,303 shares of the information services provider’s stock valued at $54,000 after acquiring an additional 56,169,241 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Alphabet by 97.8% during the 3rd quarter. Vanguard Group Inc. now owns 43,027,936 shares of the information services provider’s stock valued at $51,643,016,000 after acquiring an additional 21,273,995 shares during the last quarter. Trust Asset Management LLC boosted its position in shares of Alphabet by 86,154.5% during the 3rd quarter. Trust Asset Management LLC now owns 20,789,054 shares of the information services provider’s stock valued at $20,790,000 after acquiring an additional 20,764,952 shares during the last quarter. BlackRock Inc. boosted its position in shares of Alphabet by 0.6% during the 4th quarter. BlackRock Inc. now owns 19,618,313 shares of the information services provider’s stock valued at $20,316,919,000 after acquiring an additional 125,866 shares during the last quarter. Finally, Lunia Capital LP boosted its position in shares of Alphabet by 135,522.5% during the 4th quarter. Lunia Capital LP now owns 16,870,086 shares of the information services provider’s stock valued at $16,870,000 after acquiring an additional 16,857,647 shares during the last quarter. 33.99% of the stock is owned by institutional investors and hedge funds.

In related news, VP Amie Thuener O’toole sold 89 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $1,195.32, for a total value of $106,383.48. Following the completion of the sale, the vice president now directly owns 388 shares in the company, valued at $463,784.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ann Mather sold 39 shares of Alphabet stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $1,100.00, for a total value of $42,900.00. Following the sale, the director now owns 1,797 shares of the company’s stock, valued at $1,976,700. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 423 shares of company stock valued at $494,939. 13.11% of the stock is owned by corporate insiders.

A number of research analysts have recently commented on the company. Credit Suisse Group reiterated a “sell” rating on shares of Alphabet in a research report on Wednesday, May 15th. Zacks Investment Research upgraded Alphabet from a “hold” rating to a “buy” rating and set a $1,399.00 target price for the company in a research report on Wednesday, April 24th. Deutsche Bank increased their target price on Alphabet from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a research report on Wednesday, May 15th. BidaskClub upgraded Alphabet from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Alphabet in a research report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $1,361.50.

GOOG traded down $3.42 during trading on Friday, reaching $1,085.35. The company had a trading volume of 1,108,843 shares, compared to its average volume of 1,548,524. The company has a market cap of $753.50 billion, a PE ratio of 22.84, a P/E/G ratio of 1.28 and a beta of 1.03. Alphabet Inc has a 52 week low of $970.11 and a 52 week high of $1,289.27. The company has a quick ratio of 3.93, a current ratio of 3.96 and a debt-to-equity ratio of 0.02.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Monday, April 29th. The information services provider reported $11.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.51 by $1.39. The company had revenue of $36.34 billion during the quarter, compared to the consensus estimate of $37.36 billion. Alphabet had a return on equity of 20.06% and a net margin of 19.71%. Alphabet’s revenue was up 16.7% on a year-over-year basis. During the same period last year, the company earned $9.93 earnings per share. As a group, research analysts anticipate that Alphabet Inc will post 48.44 earnings per share for the current fiscal year.

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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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