GQG Partners LLC Has $73.46 Million Position in Alphabet Inc. (GOOG)

GQG Partners LLC increased its stake in Alphabet Inc. (NASDAQ:GOOG) by 294.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 80,839 shares of the information services provider’s stock after buying an additional 60,354 shares during the quarter. Alphabet comprises approximately 5.4% of GQG Partners LLC’s holdings, making the stock its 5th largest holding. GQG Partners LLC’s holdings in Alphabet were worth $73,461,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of GOOG. Harbour Capital Advisors LLC lifted its position in Alphabet by 87,001.5% in the second quarter. Harbour Capital Advisors LLC now owns 1,993,754 shares of the information services provider’s stock worth $2,194,000 after buying an additional 1,991,465 shares during the last quarter. BlackRock Inc. lifted its position in Alphabet by 4.8% in the second quarter. BlackRock Inc. now owns 18,058,006 shares of the information services provider’s stock worth $16,409,850,000 after buying an additional 826,480 shares during the last quarter. Vanguard Group Inc. lifted its position in Alphabet by 3.0% in the second quarter. Vanguard Group Inc. now owns 20,440,038 shares of the information services provider’s stock worth $18,574,476,000 after buying an additional 589,654 shares during the last quarter. Sanders Capital LLC lifted its position in Alphabet by 37.1% in the first quarter. Sanders Capital LLC now owns 1,199,405 shares of the information services provider’s stock worth $1,019,026,000 after buying an additional 324,596 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Alphabet by 4.4% in the second quarter. Northern Trust Corp now owns 4,015,992 shares of the information services provider’s stock worth $3,649,453,000 after buying an additional 169,593 shares during the last quarter. Institutional investors own 34.52% of the company’s stock.

In other Alphabet news, Director L John Doerr sold 13,556 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $922.15, for a total transaction of $12,500,665.40. Following the completion of the sale, the director now directly owns 3,485 shares of the company’s stock, valued at approximately $3,213,692.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP James Grier Campbell sold 184 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $932.38, for a total value of $171,557.92. The disclosure for this sale can be found here. Insiders have sold a total of 40,694 shares of company stock valued at $38,042,264 over the last ninety days. 13.92% of the stock is owned by insiders.

Shares of Alphabet Inc. (NASDAQ GOOG) opened at 989.68 on Monday. The firm has a market cap of $685.73 billion, a P/E ratio of 35.87 and a beta of 0.94. Alphabet Inc. has a 12-month low of $727.54 and a 12-month high of $997.21. The company’s 50 day moving average price is $942.88 and its 200-day moving average price is $925.82.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.43 by $0.58. The firm had revenue of $26.01 billion during the quarter, compared to analysts’ expectations of $25.61 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The business’s revenue was up 21.0% on a year-over-year basis. During the same period in the prior year, the firm earned $8.42 EPS. On average, equities research analysts anticipate that Alphabet Inc. will post $30.62 EPS for the current year.

WARNING: This article was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this article on another publication, it was illegally copied and republished in violation of US & international copyright & trademark law. The original version of this article can be viewed at https://ledgergazette.com/2017/10/16/gqg-partners-llc-has-73-46-million-position-in-alphabet-inc-goog.html.

A number of analysts recently issued reports on the company. Pivotal Research raised their price target on Alphabet from $940.00 to $970.00 and gave the stock a “hold” rating in a research report on Thursday. UBS AG restated a “buy” rating and issued a $1,080.00 price target on shares of Alphabet in a research report on Tuesday, July 25th. Barclays PLC restated a “buy” rating on shares of Alphabet in a research report on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Alphabet in a research report on Tuesday, July 25th. Finally, J P Morgan Chase & Co restated a “buy” rating on shares of Alphabet in a research report on

A number of other institutional investors and hedge funds also recently modified their holdings of GOOG. Harbour Capital Advisors LLC lifted its position in Alphabet by 87,001.5% in the second quarter. Harbour Capital Advisors LLC now owns 1,993,754 shares of the information services provider’s stock worth $2,194,000 after buying an additional 1,991,465 shares during the last quarter. BlackRock Inc. lifted its position in Alphabet by 4.8% in the second quarter. BlackRock Inc. now owns 18,058,006 shares of the information services provider’s stock worth $16,409,850,000 after buying an additional 826,480 shares during the last quarter. Vanguard Group Inc. lifted its position in Alphabet by 3.0% in the second quarter. Vanguard Group Inc. now owns 20,440,038 shares of the information services provider’s stock worth $18,574,476,000 after buying an additional 589,654 shares during the last quarter. Sanders Capital LLC lifted its position in Alphabet by 37.1% in the first quarter. Sanders Capital LLC now owns 1,199,405 shares of the information services provider’s stock worth $1,019,026,000 after buying an additional 324,596 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Alphabet by 4.4% in the second quarter. Northern Trust Corp now owns 4,015,992 shares of the information services provider’s stock worth $3,649,453,000 after buying an additional 169,593 shares during the last quarter. Institutional investors own 34.52% of the company’s stock.

In other Alphabet news, Director L John Doerr sold 13,556 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $922.15, for a total transaction of $12,500,665.40. Following the completion of the sale, the director now directly owns 3,485 shares of the company’s stock, valued at approximately $3,213,692.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP James Grier Campbell sold 184 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $932.38, for a total value of $171,557.92. The disclosure for this sale can be found here. Insiders have sold a total of 40,694 shares of company stock valued at $38,042,264 over the last ninety days. 13.92% of the stock is owned by insiders.

Shares of Alphabet Inc. (NASDAQ GOOG) opened at 989.68 on Monday. The firm has a market cap of $685.73 billion, a P/E ratio of 35.87 and a beta of 0.94. Alphabet Inc. has a 12-month low of $727.54 and a 12-month high of $997.21. The company’s 50 day moving average price is $942.88 and its 200-day moving average price is $925.82.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.43 by $0.58. The firm had revenue of $26.01 billion during the quarter, compared to analysts’ expectations of $25.61 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The business’s revenue was up 21.0% on a year-over-year basis. During the same period in the prior year, the firm earned $8.42 EPS. On average, equities research analysts anticipate that Alphabet Inc. will post $30.62 EPS for the current year.

WARNING: This article was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this article on another publication, it was illegally copied and republished in violation of US & international copyright & trademark law. The original version of this article can be viewed at https://ledgergazette.com/2017/10/16/gqg-partners-llc-has-73-46-million-position-in-alphabet-inc-goog.html.

A number of analysts recently issued reports on the company. Pivotal Research raised their price target on Alphabet from $940.00 to $970.00 and gave the stock a “hold” rating in a research report on Thursday. UBS AG restated a “buy” rating and issued a $1,080.00 price target on shares of Alphabet in a research report on Tuesday, July 25th. Barclays PLC restated a “buy” rating on shares of Alphabet in a research report on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Alphabet in a research report on Tuesday, July 25th. Finally, J P Morgan Chase & Co restated a “buy” rating on shares of Alphabet in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $1,034.07.

About Alphabet

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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