FDx Advisors Inc. Has $10.76 Million Holdings in Alphabet Inc (NASDAQ:GOOG)

FDx Advisors Inc. raised its position in Alphabet Inc (NASDAQ:GOOG) by 9.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,214 shares of the information services provider’s stock after acquiring an additional 973 shares during the period. FDx Advisors Inc.’s holdings in Alphabet were worth $10,755,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in GOOG. Burt Wealth Advisors raised its holdings in shares of Alphabet by 17.2% during the second quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock worth $123,000 after purchasing an additional 20 shares during the last quarter. Signature Estate & Investment Advisors LLC raised its holdings in shares of Alphabet by 3.8% during the second quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock worth $124,000 after purchasing an additional 5 shares during the last quarter. Almanack Investment Partners LLC. raised its holdings in shares of Alphabet by 4.5% during the second quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock worth $147,000 after purchasing an additional 7 shares during the last quarter. St. Johns Investment Management Company LLC raised its holdings in shares of Alphabet by 1,046.7% during the second quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock worth $156,000 after purchasing an additional 157 shares during the last quarter. Finally, Catamount Wealth Management raised its holdings in shares of Alphabet by 5.8% during the second quarter. Catamount Wealth Management now owns 182 shares of the information services provider’s stock worth $165,000 after purchasing an additional 10 shares during the last quarter. Institutional investors own 34.64% of the company’s stock.

In related news, Director Ann Mather sold 38 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $1,015.80, for a total transaction of $38,600.40. Following the sale, the director now directly owns 1,813 shares of the company’s stock, valued at approximately $1,841,645.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $1,020.69, for a total transaction of $4,082,760.00. Following the sale, the chief executive officer now directly owns 949 shares in the company, valued at $968,634.81. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,981 shares of company stock worth $39,624,577. 13.92% of the stock is owned by insiders.

Alphabet Inc (NASDAQ GOOG) traded up $36.26 during trading on Friday, hitting $1,037.78. 3,267,883 shares of the stock were exchanged, compared to its average volume of 1,790,000. The stock has a market cap of $724,120.00, a P/E ratio of 57.78 and a beta of 1.01. Alphabet Inc has a twelve month low of $803.37 and a twelve month high of $1,186.89. The company has a quick ratio of 5.11, a current ratio of 5.14 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, February 1st. The information services provider reported $9.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.07 by ($0.37). Alphabet had a net margin of 11.42% and a return on equity of 14.94%. The company had revenue of $32.32 billion during the quarter, compared to analysts’ expectations of $31.88 billion. During the same period last year, the firm posted $9.36 earnings per share. Alphabet’s revenue was up 24.0% on a year-over-year basis.

Alphabet announced that its Board of Directors has approved a share buyback plan on Thursday, February 1st that permits the company to repurchase $8.59 billion in outstanding shares. This repurchase authorization permits the information services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Several research analysts recently issued reports on GOOG shares. Piper Jaffray Companies reissued an “overweight” rating and set a $1,150.00 target price on shares of Alphabet in a report on Thursday, October 19th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, October 20th. Deutsche Bank reaffirmed a “buy” rating on shares of Alphabet in a report on Wednesday, October 25th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirty-six have assigned a buy rating to the stock. Alphabet has a consensus rating of “Buy” and a consensus price target of $1,061.93.

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Alphabet Company 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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