Cohen Lawrence B Increases Position in Alphabet Inc (GOOG)

Cohen Lawrence B boosted its stake in Alphabet Inc (NASDAQ:GOOG) by 0.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,494 shares of the information services provider’s stock after buying an additional 16 shares during the period. Alphabet makes up 2.0% of Cohen Lawrence B’s portfolio, making the stock its 22nd largest holding. Cohen Lawrence B’s holdings in Alphabet were worth $2,582,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in GOOG. First PREMIER Bank grew its position in shares of Alphabet by 80.0% during the 4th quarter. First PREMIER Bank now owns 36 shares of the information services provider’s stock worth $38,000 after purchasing an additional 16 shares in the last quarter. Ironwood Financial llc grew its position in shares of Alphabet by 111.1% during the 3rd quarter. Ironwood Financial llc now owns 95 shares of the information services provider’s stock worth $113,000 after purchasing an additional 50 shares in the last quarter. Patton Albertson Miller Group LLC acquired a new position in shares of Alphabet during the 3rd quarter worth approximately $116,000. ELM Advisors LLC acquired a new stake in shares of Alphabet during the 3rd quarter worth approximately $138,000. Finally, LFA Lugano Financial Advisors SA acquired a new stake in shares of Alphabet during the 3rd quarter worth approximately $161,000. Institutional investors and hedge funds own 34.07% of the company’s stock.

Several analysts recently issued reports on GOOG shares. Jefferies Financial Group reiterated a “buy” rating on shares of Alphabet in a research report on Monday, November 19th. JMP Securities reiterated a “buy” rating on shares of Alphabet in a research report on Monday, November 19th. Nomura reiterated a “buy” rating on shares of Alphabet in a research report on Tuesday, December 4th. BidaskClub upgraded shares of Alphabet from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 13th. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Alphabet in a research report on Friday, December 21st. Three analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. Alphabet presently has an average rating of “Buy” and a consensus target price of $1,327.66.

In related news, VP Amie Thuener O’toole sold 80 shares of the stock in a transaction that occurred on Thursday, January 3rd. The shares were sold at an average price of $1,041.00, for a total value of $83,280.00. Following the completion of the transaction, the vice president now owns 388 shares of the company’s stock, valued at approximately $403,908. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Sundar Pichai sold 10,000 shares of the stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $1,023.13, for a total transaction of $10,231,300.00. Following the completion of the transaction, the chief executive officer now directly owns 816 shares of the company’s stock, valued at approximately $834,874.08. The disclosure for this sale can be found here. In the last three months, insiders sold 36,437 shares of company stock valued at $38,346,021. 13.11% of the stock is owned by insiders.

Shares of NASDAQ:GOOG opened at $1,185.55 on Friday. The company has a market capitalization of $829.58 billion, a P/E ratio of 24.95, a P/E/G ratio of 1.44 and a beta of 1.04. 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 one year low of $970.11 and a one year high of $1,273.89.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Monday, February 4th. The information services provider reported $12.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $10.86 by $1.91. The business had revenue of $39.28 billion during the quarter, compared to the consensus estimate of $38.91 billion. Alphabet had a net margin of 22.47% and a return on equity of 19.94%. The firm’s revenue was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $9.70 EPS. On average, research analysts forecast that Alphabet Inc will post 47.38 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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