Blair William & Co. IL Has $185.86 Million Holdings in Alphabet Inc. (GOOG)

Blair William & Co. IL raised its holdings in Alphabet Inc. (NASDAQ:GOOG) by 1.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 204,531 shares of the information services provider’s stock after purchasing an additional 3,818 shares during the quarter. Alphabet comprises approximately 1.4% of Blair William & Co. IL’s portfolio, making the stock its 7th largest holding. Blair William & Co. IL’s holdings in Alphabet were worth $185,864,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of GOOG. Harbour Capital Advisors LLC boosted its holdings in shares of 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 valued at $2,194,000 after acquiring an additional 1,991,465 shares in the last quarter. Sanders Capital LLC boosted its holdings in shares of Alphabet by 37.1% in the first quarter. Sanders Capital LLC now owns 1,199,405 shares of the information services provider’s stock valued at $1,019,026,000 after acquiring an additional 324,596 shares in the last quarter. Pictet Asset Management Ltd. boosted its holdings in shares of Alphabet by 35.8% in the first quarter. Pictet Asset Management Ltd. now owns 422,437 shares of the information services provider’s stock valued at $350,437,000 after acquiring an additional 111,292 shares in the last quarter. Arthur M. Cohen & Associates LLC purchased a new stake in shares of Alphabet in the second quarter valued at about $4,914,000. Finally, Karp Capital Management Corp purchased a new stake in shares of Alphabet in the first quarter valued at about $82,519,000. Institutional investors own 34.28% of the company’s stock.

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Alphabet Inc. (NASDAQ:GOOG) opened at $1,028.07 on Monday. Alphabet Inc. has a 12-month low of $727.54 and a 12-month high of $1,048.39. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. The firm has a market cap of $714,304.06, a PE ratio of 34.42 and a beta of 0.95.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, topping the consensus estimate of $8.31 by $1.26. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The company had revenue of $27.77 billion during the quarter, compared to analysts’ expectations of $27.17 billion. During the same period last year, the company posted $9.06 earnings per share. The business’s revenue for the quarter was up 23.7% on a year-over-year basis.

In other news, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $926.79, for a total value of $3,707,160.00. Following the completion of the sale, the chief executive officer now directly owns 1,389 shares of the company’s stock, valued at $1,287,311.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 $3,213,692.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,714 shares of company stock valued at $37,563,065. Corporate insiders own 13.92% of the company’s stock.

Several analysts have recently weighed in on GOOG shares. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Alphabet in a report on Tuesday, July 25th. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Alphabet in a report on Tuesday, July 25th. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,100.00 target price (up previously from $1,050.00) on shares of Alphabet in a report on Tuesday, July 25th. UBS AG reaffirmed a “buy” rating and issued a $1,080.00 target price on shares of Alphabet in a report on Tuesday, July 25th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $1,220.00 price objective on shares of Alphabet in a report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-eight have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $1,045.44.

Alphabet Profile

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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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