Sii Investments Inc. WI Has $1.34 Million Position in Alphabet Inc (GOOG)

Sii Investments Inc. WI increased its position in shares of Alphabet Inc (NASDAQ:GOOG) by 3.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,380 shares of the information services provider’s stock after acquiring an additional 50 shares during the period. Sii Investments Inc. WI’s holdings in Alphabet were worth $1,337,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of GOOG. Supplemental Annuity Collective Trust of NJ increased its holdings in shares of Alphabet by 14.8% in the 2nd quarter. Supplemental Annuity Collective Trust of NJ now owns 7,000 shares of the information services provider’s stock worth $6,361,000 after buying an additional 904 shares during the last quarter. River Wealth Advisors LLC increased its holdings in shares of Alphabet by 3.2% in the 2nd quarter. River Wealth Advisors LLC now owns 1,580 shares of the information services provider’s stock worth $1,436,000 after buying an additional 49 shares during the last quarter. Suffolk Capital Management LLC increased its holdings in shares of Alphabet by 23.7% in the 2nd quarter. Suffolk Capital Management LLC now owns 25,889 shares of the information services provider’s stock worth $23,526,000 after buying an additional 4,959 shares during the last quarter. S&CO Inc. increased its holdings in shares of Alphabet by 1.4% in the 2nd quarter. S&CO Inc. now owns 7,366 shares of the information services provider’s stock worth $6,694,000 after buying an additional 104 shares during the last quarter. Finally, Ingalls & Snyder LLC increased its holdings in shares of Alphabet by 1.2% in the 2nd quarter. Ingalls & Snyder LLC now owns 10,845 shares of the information services provider’s stock worth $9,855,000 after buying an additional 127 shares during the last quarter. 34.46% of the stock is currently owned by institutional investors and hedge funds.

Shares of Alphabet Inc (NASDAQ:GOOG) opened at $1,051.94 on Tuesday. The firm has a market cap of $731,930.00, a PE ratio of 58.57 and a beta of 1.01. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.11 and a current ratio of 5.14. Alphabet Inc has a 12 month low of $803.37 and a 12 month high of $1,186.89.

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

Alphabet declared that its Board of Directors has authorized a stock repurchase plan on Thursday, February 1st that permits the company to buyback $8.59 billion in outstanding shares. This buyback authorization permits the information services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

In other news, Director Ann Mather sold 38 shares of the firm’s stock in a transaction dated 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 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 accessible through this hyperlink. Also, CEO Sundar Pichai sold 4,000 shares of the firm’s 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 sale, the chief executive officer now directly owns 949 shares in the company, valued at approximately $968,634.81. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,671 shares of company stock worth $45,613,302. Insiders own 13.92% of the company’s stock.

A number of brokerages have recently commented on GOOG. TheStreet lowered shares of Alphabet from an “a” rating to a “c+” rating in a report on Thursday, February 1st. BidaskClub lowered shares of Alphabet from a “strong-buy” rating to a “buy” rating in a report on Monday, February 5th. Vetr raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,054.53 price objective for the company in a research note on Monday. Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Alphabet in a research note on Friday, February 2nd. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Alphabet in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirty-six have issued a buy rating to the company’s stock. Alphabet presently has an average rating of “Buy” and an average 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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