Alphabet Inc (NASDAQ:GOOG) Stock Holdings Boosted by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC raised its position in Alphabet Inc (NASDAQ:GOOG) by 0.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,078 shares of the information services provider’s stock after acquiring an additional 26 shares during the quarter. Alphabet makes up 1.4% of SeaCrest Wealth Management LLC’s investment portfolio, making the stock its 7th largest position. SeaCrest Wealth Management LLC’s holdings in Alphabet were worth $7,409,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in GOOG. Nuveen Asset Management LLC increased its position in shares of Alphabet by 6,515.2% during the second quarter. Nuveen Asset Management LLC now owns 3,039,672 shares of the information services provider’s stock valued at $3,285,612,000 after buying an additional 2,993,722 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Alphabet by 6.2% during the second quarter. Price T Rowe Associates Inc. MD now owns 11,480,467 shares of the information services provider’s stock valued at $12,409,352,000 after buying an additional 674,924 shares during the period. Investec Asset Management LTD increased its position in shares of Alphabet by 2,660.9% during the second quarter. Investec Asset Management LTD now owns 648,507 shares of the information services provider’s stock valued at $19,478,000 after buying an additional 625,018 shares during the period. BlackRock Inc. increased its position in shares of Alphabet by 3.1% during the second quarter. BlackRock Inc. now owns 20,205,186 shares of the information services provider’s stock valued at $21,839,988,000 after buying an additional 612,804 shares during the period. Finally, PenderFund Capital Management Ltd. increased its position in shares of Alphabet by 127,265.7% during the second quarter. PenderFund Capital Management Ltd. now owns 445,780 shares of the information services provider’s stock valued at $4,906,000 after buying an additional 445,430 shares during the period. Hedge funds and other institutional investors own 33.82% of the company’s stock.

Several equities analysts recently issued reports on GOOG shares. Benchmark reiterated a “buy” rating and set a $1,360.00 price target (up previously from $1,315.00) on shares of Alphabet in a research report on Friday, July 26th. Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a research report on Tuesday, July 23rd. ValuEngine cut shares of Alphabet from a “hold” rating to a “sell” rating in a research report on Thursday, October 10th. Zacks Investment Research upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,363.00 price target on the stock in a research report on Wednesday. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Alphabet in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $1,378.33.

In other news, VP Amie Thuener O’toole sold 55 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $1,200.74, for a total value of $66,040.70. Following the transaction, the vice president now owns 388 shares in the company, valued at $465,887.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ann Mather sold 25 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $1,219.01, for a total transaction of $30,475.25. Following the completion of the transaction, the director now owns 1,816 shares in the company, valued at approximately $2,213,722.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,391 shares of company stock worth $6,502,992. Corporate insiders own 12.99% of the company’s stock.

GOOG traded up $2.72 during midday trading on Wednesday, reaching $1,245.73. The company’s stock had a trading volume of 724,932 shares, compared to its average volume of 1,301,481. The firm has a market capitalization of $842.79 billion, a price-to-earnings ratio of 26.22, a PEG ratio of 1.42 and a beta of 0.99. 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 Inc has a 1 year low of $970.11 and a 1 year high of $1,289.27. The stock’s 50-day moving average is $1,210.52 and its 200-day moving average is $1,172.41.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, July 25th. The information services provider reported $14.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $11.49 by $2.72. The business had revenue of $38.94 billion for the quarter, compared to analysts’ expectations of $38.21 billion. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. The business’s revenue was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $11.75 earnings per share. As a group, equities research analysts forecast that Alphabet Inc will post 51.66 earnings per share for the current fiscal 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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