Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by William Blair Investment Management LLC

William Blair Investment Management LLC boosted its holdings in Alphabet Inc. (NASDAQ:GOOG) by 23.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 20,298 shares of the information services provider’s stock after purchasing an additional 3,799 shares during the quarter. William Blair Investment Management LLC’s holdings in Alphabet were worth $35,560,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of GOOG. FMR LLC raised its position in shares of Alphabet by 0.9% during the 4th quarter. FMR LLC now owns 7,753,822 shares of the information services provider’s stock worth $13,583,766,000 after acquiring an additional 66,564 shares in the last quarter. Morgan Stanley raised its holdings in Alphabet by 2.8% during the third quarter. Morgan Stanley now owns 2,356,998 shares of the information services provider’s stock worth $3,463,846,000 after purchasing an additional 63,728 shares in the last quarter. Magellan Asset Management Ltd lifted its position in shares of Alphabet by 0.8% during the 3rd quarter. Magellan Asset Management Ltd now owns 1,950,852 shares of the information services provider’s stock worth $2,866,972,000 after buying an additional 15,870 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Alphabet by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,403,302 shares of the information services provider’s stock worth $2,062,293,000 after buying an additional 28,466 shares during the last quarter. Finally, Sanders Capital LLC boosted its holdings in shares of Alphabet by 3.7% in the 3rd quarter. Sanders Capital LLC now owns 1,368,059 shares of the information services provider’s stock valued at $2,200,713,000 after buying an additional 49,128 shares in the last quarter. Institutional investors own 31.94% of the company’s stock.

A number of brokerages recently weighed in on GOOG. Cowen boosted their price target on shares of Alphabet from $2,200.00 to $2,400.00 and gave the company an “outperform” rating in a research report on Wednesday, February 3rd. Citigroup reissued a “buy” rating on shares of Alphabet in a research report on Friday, February 12th. Mizuho lifted their price target on Alphabet from $2,100.00 to $2,350.00 and gave the stock a “buy” rating in a research report on Wednesday, February 3rd. UBS Group restated a “buy” rating on shares of Alphabet in a research report on Friday, October 30th. Finally, Oppenheimer reiterated a “buy” rating and issued a $1,800.00 price target on shares of Alphabet in a research report on Friday, October 30th. Two equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Alphabet presently has an average rating of “Buy” and an average target price of $2,184.71.

In other news, SVP Philipp Schindler sold 1,385 shares of the business’s stock in a transaction that occurred on Monday, February 1st. The stock was sold at an average price of $1,852.09, for a total transaction of $2,565,144.65. Following the sale, the senior vice president now owns 18,712 shares of the company’s stock, valued at approximately $34,656,308.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John L. Hennessy sold 70 shares of the company’s stock in a transaction that occurred on Monday, February 8th. The stock was sold at an average price of $2,085.54, for a total value of $145,987.80. Following the completion of the sale, the director now owns 41 shares in the company, valued at approximately $85,507.14. The disclosure for this sale can be found here. In the last three months, insiders sold 2,999 shares of company stock valued at $5,434,607. 12.99% of the stock is owned by corporate insiders.

Shares of GOOG opened at $2,064.88 on Tuesday. The company has a current ratio of 3.41, a quick ratio of 3.39 and a debt-to-equity ratio of 0.07. The stock’s 50 day moving average is $1,922.66 and its two-hundred day moving average is $1,706.52. Alphabet Inc. has a twelve month low of $1,013.54 and a twelve month high of $2,152.68. The firm has a market capitalization of $1.39 trillion, a PE ratio of 39.90, a P/E/G ratio of 1.66 and a beta of 0.98.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Monday, February 1st. The information services provider reported $22.30 EPS for the quarter, beating the consensus estimate of $15.91 by $6.39. Alphabet had a return on equity of 17.31% and a net margin of 20.80%. The business had revenue of $56.90 billion during the quarter, compared to analysts’ expectations of $52.86 billion. During the same period last year, the firm earned $15.35 EPS. The company’s quarterly revenue was up 23.5% compared to the same quarter last year. On average, sell-side analysts predict that Alphabet Inc. will post 52.19 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.

See Also: Catch-Up Contributions

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. (NASDAQ:GOOG).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.