Risk Paradigm Group LLC Has $981,000 Stake in Alphabet Inc (GOOG)

Risk Paradigm Group LLC trimmed its position in Alphabet Inc (NASDAQ:GOOG) by 9.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,080 shares of the information services provider’s stock after selling 108 shares during the quarter. Alphabet makes up 1.2% of Risk Paradigm Group LLC’s investment portfolio, making the stock its 27th largest position. Risk Paradigm Group LLC’s holdings in Alphabet were worth $981,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Alphabet by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 20,440,038 shares of the information services provider’s stock worth $18,574,476,000 after acquiring an additional 589,654 shares in the last quarter. BlackRock Inc. raised its stake in Alphabet by 4.8% during the 2nd quarter. BlackRock Inc. now owns 18,058,006 shares of the information services provider’s stock worth $16,409,850,000 after acquiring an additional 826,480 shares in the last quarter. FMR LLC raised its stake in Alphabet by 0.4% during the 2nd quarter. FMR LLC now owns 13,971,679 shares of the information services provider’s stock worth $12,696,484,000 after acquiring an additional 62,507 shares in the last quarter. State Street Corp raised its stake in Alphabet by 0.3% during the 1st quarter. State Street Corp now owns 12,067,675 shares of the information services provider’s stock worth $10,010,859,000 after acquiring an additional 36,864 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Alphabet by 4.4% during the 2nd quarter. Northern Trust Corp now owns 4,015,992 shares of the information services provider’s stock worth $3,649,453,000 after acquiring an additional 169,593 shares in the last quarter. Hedge funds and other institutional investors own 34.74% of the company’s stock.

Shares of Alphabet Inc (NASDAQ GOOG) opened at $1,037.05 on Friday. The company has a market cap of $716,291.25, a PE ratio of 34.51 and a beta of 0.93. Alphabet Inc has a fifty-two week low of $770.41 and a fifty-two week high of $1,062.38. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03.

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

Several research analysts have issued reports on GOOG shares. Morgan Stanley reissued a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. BidaskClub raised shares of Alphabet from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a research report on Friday, October 20th. Wells Fargo & Company reissued a “buy” rating on shares of Alphabet in a research report on Friday, October 6th. Finally, Vetr downgraded shares of Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,031.46 price objective on the stock. in a research report on Tuesday, August 22nd. One equities research 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 company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $1,047.45.

In other Alphabet news, CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $1,020.69, for a total transaction of $4,082,760.00. Following the completion of the transaction, the chief executive officer now owns 949 shares in the company, valued at $968,634.81. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director L John Doerr sold 12,236 shares of Alphabet stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $1,021.57, for a total transaction of $12,499,930.52. Following the transaction, the director now owns 3,485 shares of the company’s stock, valued at approximately $3,560,171.45. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,396 shares of company stock worth $38,242,981. 13.92% of the stock is owned by insiders.

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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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