Alphabet Inc (GOOG) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund lifted its stake in Alphabet Inc (NASDAQ:GOOG) by 1.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 964,587 shares of the information services provider’s stock after acquiring an additional 14,348 shares during the quarter. Alphabet makes up 1.2% of New York State Common Retirement Fund’s portfolio, making the stock its 9th biggest holding. New York State Common Retirement Fund owned 0.14% of Alphabet worth $925,145,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Alphabet by 3.0% during 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. BlackRock Inc. increased its position in Alphabet by 4.8% during 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. FMR LLC increased its position in Alphabet by 0.4% during the second quarter. FMR LLC now owns 13,971,679 shares of the information services provider’s stock worth $12,696,484,000 after buying an additional 62,507 shares during the last quarter. Capital World Investors increased its position in Alphabet by 13.9% during the second quarter. Capital World Investors now owns 6,371,356 shares of the information services provider’s stock worth $5,789,842,000 after buying an additional 776,853 shares during the last quarter. Finally, Capital Research Global Investors increased its position in Alphabet by 3.2% during the second quarter. Capital Research Global Investors now owns 4,983,431 shares of the information services provider’s stock worth $4,528,593,000 after buying an additional 155,151 shares during the last quarter. 34.62% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have commented on the stock. Morningstar reissued a “neutral” rating on shares of Alphabet in a research report on Friday. SunTrust Banks upped their price target on shares of Alphabet to $1,250.00 and gave the company a “buy” rating in a report on Friday, January 12th. Morgan Stanley restated a “buy” rating on shares of Alphabet in a report on Friday, January 12th. Vetr cut shares of Alphabet from a “sell” rating to a “strong sell” rating and set a $949.65 price target for the company. in a report on Wednesday, January 10th. Finally, BidaskClub upgraded shares of Alphabet from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 10th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, thirty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $1,052.31.

Shares of Alphabet Inc (NASDAQ GOOG) opened at $1,155.81 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. Alphabet Inc has a one year low of $790.52 and a one year high of $1,159.88. The firm has a market cap of $805,160.00, a PE ratio of 38.50 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $27.77 billion during the quarter, compared to analysts’ expectations of $27.17 billion. During the same quarter last year, the company earned $9.06 earnings per share. The firm’s revenue was up 23.7% on a year-over-year basis.

In other Alphabet news, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $1,127.17, for a total transaction of $4,508,680.00. Following the completion of the transaction, the chief executive officer now owns 656 shares in the company, valued at $739,423.52. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP James Grier Campbell sold 183 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $1,017.21, for a total transaction of $186,149.43. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,900 shares of company stock valued at $38,411,507. Corporate insiders own 13.92% of the company’s stock.

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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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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