Alphabet Inc (GOOG) is Blair William & Co. IL’s 6th Largest Position

Blair William & Co. IL lifted its stake in Alphabet Inc (NASDAQ:GOOG) by 0.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 209,236 shares of the information services provider’s stock after purchasing an additional 459 shares during the period. Alphabet makes up 1.5% of Blair William & Co. IL’s investment portfolio, making the stock its 6th largest holding. Blair William & Co. IL’s holdings in Alphabet were worth $249,716,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in GOOG. BlackRock Inc. increased its holdings in Alphabet by 1.3% during the 3rd quarter. BlackRock Inc. now owns 19,492,447 shares of the information services provider’s stock valued at $23,263,651,000 after acquiring an additional 246,674 shares in the last quarter. FMR LLC increased its holdings in Alphabet by 1.8% during the 3rd quarter. FMR LLC now owns 11,512,271 shares of the information services provider’s stock valued at $13,739,550,000 after acquiring an additional 202,765 shares in the last quarter. Northern Trust Corp increased its holdings in Alphabet by 0.6% during the 2nd quarter. Northern Trust Corp now owns 4,038,140 shares of the information services provider’s stock valued at $4,505,150,000 after acquiring an additional 22,736 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Alphabet by 3.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,757,168 shares of the information services provider’s stock valued at $4,484,069,000 after acquiring an additional 112,573 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in Alphabet by 1.4% during the 3rd quarter. Janus Henderson Group PLC now owns 3,381,025 shares of the information services provider’s stock valued at $4,035,524,000 after acquiring an additional 45,174 shares in the last quarter. Hedge funds and other institutional investors own 42.14% of the company’s stock.

GOOG opened at $1,095.01 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.89 and a current ratio of 3.92. Alphabet Inc has a 1 year low of $970.11 and a 1 year high of $1,273.89. The company has a market capitalization of $762.03 billion, a P/E ratio of 23.05 and a beta of 1.06.

Alphabet (NASDAQ:GOOG) last released its earnings results on Monday, February 4th. The information services provider reported $12.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $10.86 by $1.91. Alphabet had a net margin of 22.47% and a return on equity of 19.94%. The business had revenue of $39.28 billion for the quarter, compared to analysts’ expectations of $38.91 billion. During the same period last year, the company earned $9.70 earnings per share. The company’s quarterly revenue was up 21.5% on a year-over-year basis.

In related news, VP Amie Thuener O’toole sold 80 shares of the firm’s stock in a transaction that occurred on Tuesday, December 4th. The shares were sold at an average price of $1,103.12, for a total value of $88,249.60. Following the sale, the vice president now directly owns 388 shares of the company’s stock, valued at $428,010.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann Mather sold 40 shares of the firm’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $1,113.10, for a total transaction of $44,524.00. The disclosure for this sale can be found here. Insiders sold 73,805 shares of company stock worth $77,449,341 over the last three months. Corporate insiders own 13.11% of the company’s stock.

Several research firms have weighed in on GOOG. Deutsche Bank restated a “buy” rating and set a $1,380.00 target price (up from $1,300.00) on shares of Alphabet in a report on Tuesday, February 5th. UBS Group restated a “buy” rating on shares of Alphabet in a report on Tuesday, February 5th. Credit Suisse Group reiterated a “buy” rating on shares of Alphabet in a report on Tuesday, February 5th. Piper Jaffray Companies lifted their price target on shares of Alphabet from $1,250.00 to $1,355.00 and gave the stock an “overweight” rating in a report on Tuesday, February 5th. Finally, Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a report on Wednesday, February 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-nine have given a buy rating to the stock. Alphabet has an average rating of “Buy” and an average price target of $1,327.66.

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Alphabet 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 (NASDAQ:GOOG)

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