BB&T Corp Purchases 448 Shares of Alphabet Inc Class C (GOOG)

BB&T Corp raised its position in Alphabet Inc Class C (NASDAQ:GOOG) by 1.6% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 28,048 shares of the information services provider’s stock after buying an additional 448 shares during the quarter. BB&T Corp’s holdings in Alphabet Inc Class C were worth $31,293,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. HC Financial Advisors Inc. acquired a new position in shares of Alphabet Inc Class C during the 4th quarter worth $1,156,000. Geode Capital Management LLC grew its stake in shares of Alphabet Inc Class C by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 3,357,642 shares of the information services provider’s stock worth $3,506,398,000 after purchasing an additional 105,985 shares during the period. WINTON GROUP Ltd acquired a new position in shares of Alphabet Inc Class C during the 4th quarter worth $290,000. Edge Advisors LLC grew its stake in shares of Alphabet Inc Class C by 3.3% during the 4th quarter. Edge Advisors LLC now owns 3,994 shares of the information services provider’s stock worth $4,177,000 after purchasing an additional 127 shares during the period. Finally, Polaris Greystone Financial Group LLC grew its stake in shares of Alphabet Inc Class C by 179.7% during the 4th quarter. Polaris Greystone Financial Group LLC now owns 870 shares of the information services provider’s stock worth $911,000 after purchasing an additional 559 shares during the period. 34.31% of the stock is currently owned by institutional investors.

A number of equities analysts have recently weighed in on the stock. Oppenheimer reaffirmed a “buy” rating on shares of Alphabet Inc Class C in a research note on Wednesday, July 25th. Cowen upped their price target on shares of Alphabet Inc Class C from $1,245.00 to $1,350.00 and gave the stock an “outperform” rating in a research note on Friday, July 13th. Morgan Stanley reaffirmed a “buy” rating on shares of Alphabet Inc Class C in a research note on Tuesday, July 24th. Barclays reaffirmed a “buy” rating on shares of Alphabet Inc Class C in a research note on Monday, August 20th. Finally, UBS Group reaffirmed a “buy” rating on shares of Alphabet Inc Class C in a research note on Tuesday, July 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $1,255.72.

Alphabet Inc Class C stock opened at $1,172.53 on Friday. Alphabet Inc Class C has a 52 week low of $909.70 and a 52 week high of $1,273.89. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.13 and a current ratio of 4.15. The stock has a market capitalization of $809.26 billion, a P/E ratio of 28.40 and a beta of 1.11.

Alphabet Inc Class C (NASDAQ:GOOG) last released its quarterly earnings data on Monday, July 23rd. The information services provider reported $11.75 EPS for the quarter, topping the consensus estimate of $9.66 by $2.09. Alphabet Inc Class C had a net margin of 13.16% and a return on equity of 18.24%. The business had revenue of $32.66 billion for the quarter, compared to analyst estimates of $32.13 billion. During the same period in the previous year, the firm earned $5.01 EPS. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year.

In other Alphabet Inc Class C news, CEO Sundar Pichai sold 10,000 shares of the company’s stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $1,179.07, for a total value of $11,790,700.00. Following the transaction, the chief executive officer now directly owns 587 shares in the company, valued at approximately $692,114.09. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director L John Doerr sold 10,262 shares of the company’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $1,218.20, for a total transaction of $12,501,168.40. Following the completion of the transaction, the director now owns 3,485 shares in the company, valued at $4,245,427. The disclosure for this sale can be found here. Insiders sold a total of 88,362 shares of company stock worth $105,611,408 over the last quarter. Insiders own 13.11% of the company’s stock.

Alphabet Inc Class C Company Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet Inc Class C (NASDAQ:GOOG)

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