Alphabet Inc (NASDAQ:GOOG) is Vanguard Group Inc.’s 10th Largest Position

Vanguard Group Inc. lifted its stake in Alphabet Inc (NASDAQ:GOOG) by 1.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,708,312 shares of the information services provider’s stock after purchasing an additional 259,979 shares during the period. Alphabet accounts for about 0.9% of Vanguard Group Inc.’s investment portfolio, making the stock its 10th biggest holding. Vanguard Group Inc. owned about 3.27% of Alphabet worth $24,545,641,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of GOOG. HMS Capital Management LLC bought a new stake in Alphabet during the 2nd quarter valued at about $38,000. TD Capital Management LLC increased its stake in Alphabet by 38.5% during the 4th quarter. TD Capital Management LLC now owns 36 shares of the information services provider’s stock valued at $37,000 after purchasing an additional 10 shares in the last quarter. Truehand Inc bought a new stake in Alphabet during the 4th quarter valued at about $38,000. Thor Advisors LLC bought a new stake in Alphabet during the 1st quarter valued at about $56,000. Finally, Permanens Capital L.P. increased its stake in Alphabet by 180.0% during the 2nd quarter. Permanens Capital L.P. now owns 70 shares of the information services provider’s stock valued at $76,000 after purchasing an additional 45 shares in the last quarter. 33.79% of the stock is owned by hedge funds and other institutional investors.

Shares of GOOG stock traded down $7.32 during trading hours on Tuesday, reaching $1,223.98. The company had a trading volume of 389,360 shares, compared to its average volume of 1,147,326. The business has a fifty day moving average price of $1,193.39 and a 200-day moving average price of $1,165.77. Alphabet Inc has a one year low of $970.11 and a one year high of $1,289.27. The firm has a market cap of $859.51 billion, a PE ratio of 25.76, a price-to-earnings-growth ratio of 1.45 and a beta of 0.98. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.96 and a current ratio of 3.98.

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

A number of research firms have weighed in on GOOG. Zacks Investment Research upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,372.00 price objective for the company in a research note on Wednesday, July 31st. Pivotal Research began coverage on shares of Alphabet in a research note on Wednesday, May 29th. They set a “hold” rating for the company. Barclays restated a “buy” rating on shares of Alphabet in a research note on Friday, July 26th. BidaskClub lowered shares of Alphabet from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Alphabet in a research note on Friday, July 26th. Four research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $1,378.93.

In related news, VP Amie Thuener O’toole sold 69 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $1,100.52, for a total transaction of $75,935.88. Following the completion of the sale, the vice president now directly owns 388 shares in the company, valued at $427,001.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ann Mather sold 39 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $1,100.00, for a total transaction 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. Insiders have sold 3,744 shares of company stock valued at $4,480,345 over the last 90 days. 12.99% of the stock is currently owned by company insiders.

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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