Private Advisor Group LLC Has $15.41 Million Stock Holdings in Alphabet Inc (NASDAQ:GOOG)

Private Advisor Group LLC raised its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 12.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,257 shares of the information services provider’s stock after purchasing an additional 1,558 shares during the period. Private Advisor Group LLC’s holdings in Alphabet were worth $15,411,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. TD Capital Management LLC grew its stake in shares of Alphabet by 38.5% in the fourth quarter. TD Capital Management LLC now owns 36 shares of the information services provider’s stock worth $37,000 after acquiring an additional 10 shares during the last quarter. Truehand Inc acquired a new stake in shares of Alphabet in the fourth quarter worth $38,000. HMS Capital Management LLC acquired a new stake in shares of Alphabet in the second quarter worth $38,000. Thor Advisors LLC acquired a new stake in shares of Alphabet in the first quarter worth $56,000. Finally, Permanens Capital L.P. grew its stake in shares of Alphabet by 180.0% in the second quarter. Permanens Capital L.P. now owns 70 shares of the information services provider’s stock worth $76,000 after acquiring an additional 45 shares during the last quarter. Institutional investors own 33.79% of the company’s stock.

Several equities research analysts have recently issued reports on GOOG shares. Barclays restated a “buy” rating on shares of Alphabet in a research note on Friday, July 26th. Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a research note on Tuesday, July 23rd. JPMorgan Chase & Co. restated a “buy” rating on shares of Alphabet in a research note on Friday, July 26th. BidaskClub downgraded shares of Alphabet from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Finally, Credit Suisse Group raised their target price on Alphabet from $1,400.00 to $1,500.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Four research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $1,378.93.

In other Alphabet news, CAO Amie Thuener O’toole sold 54 shares of Alphabet stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $1,191.53, for a total transaction of $64,342.62. Following the completion of the transaction, the chief accounting officer now directly owns 388 shares of the company’s stock, valued at $462,313.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John L. Hennessy sold 150 shares of Alphabet stock in a transaction on Friday, July 26th. The shares were sold at an average price of $1,225.00, for a total value of $183,750.00. Following the transaction, the director now directly owns 276 shares of the company’s stock, valued at $338,100. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,744 shares of company stock valued at $4,480,345. Company insiders own 12.99% of the company’s stock.

GOOG stock traded down $8.26 during midday trading on Monday, hitting $1,231.30. The stock had a trading volume of 641,413 shares, compared to its average volume of 1,149,731. The firm has a market capitalization of $855.83 billion, a price-to-earnings ratio of 25.92, a P/E/G ratio of 1.45 and a beta of 0.98. Alphabet Inc has a 52 week low of $970.11 and a 52 week high of $1,289.27. The stock has a 50-day simple moving average of $1,191.99 and a 200 day simple moving average of $1,163.91. The company has a current ratio of 3.98, a quick ratio of 3.96 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, July 25th. The information services provider reported $14.21 EPS for the quarter, topping the consensus estimate of $11.49 by $2.72. The firm had revenue of $38.94 billion during the quarter, compared to analysts’ expectations of $38.21 billion. Alphabet had a return on equity of 20.15% and a net margin of 23.43%. Alphabet’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period last year, the business earned $11.75 earnings per share. On average, equities analysts forecast that Alphabet Inc will post 51.48 EPS for the current year.

Alphabet 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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