Alphabet Inc (NASDAQ:GOOG) Stake Lifted by Old Mutual Global Investors UK Ltd.

Old Mutual Global Investors UK Ltd. boosted its holdings in Alphabet Inc (NASDAQ:GOOG) by 9.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,758 shares of the information services provider’s stock after purchasing an additional 5,215 shares during the quarter. Old Mutual Global Investors UK Ltd.’s holdings in Alphabet were worth $56,121,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in GOOG. State Street Corp increased its stake in Alphabet by 0.3% in the 1st quarter. State Street Corp now owns 12,067,675 shares of the information services provider’s stock valued at $10,010,859,000 after buying an additional 36,864 shares during the period. Harbour Capital Advisors LLC increased its stake in Alphabet by 87,001.5% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,993,754 shares of the information services provider’s stock valued at $2,194,000 after buying an additional 1,991,465 shares during the period. Legal & General Group Plc increased its stake in Alphabet by 5.8% in the 2nd quarter. Legal & General Group Plc now owns 1,438,707 shares of the information services provider’s stock valued at $1,307,419,000 after buying an additional 79,445 shares during the period. Sanders Capital LLC increased its stake in Alphabet by 2.7% in the 2nd quarter. Sanders Capital LLC now owns 1,232,175 shares of the information services provider’s stock valued at $1,221,079,000 after buying an additional 32,770 shares during the period. Finally, Swiss National Bank increased its stake in Alphabet by 3.7% in the 2nd quarter. Swiss National Bank now owns 1,140,966 shares of the information services provider’s stock valued at $1,036,830,000 after buying an additional 40,500 shares during the period. Hedge funds and other institutional investors own 34.63% of the company’s stock.

GOOG has been the topic of several recent research reports. Deutsche Bank reissued a “buy” rating on shares of Alphabet in a research note on Wednesday, October 25th. UBS Group reissued a “buy” rating and issued a $1,080.00 price objective on shares of Alphabet in a research note on Monday, September 11th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. Vetr cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,067.64 price target on the stock. in a research note on Monday, November 20th. Finally, Goldman Sachs Group reaffirmed a “buy” rating on shares of Alphabet in a research note on Friday, October 20th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and thirty-eight have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $1,046.04.

In other Alphabet news, VP James Grier Campbell sold 184 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $1,012.66, for a total value of $186,329.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $1,072.64, for a total transaction of $4,290,560.00. Following the completion of the transaction, the chief executive officer now owns 803 shares in the company, valued at $861,329.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,900 shares of company stock worth $37,430,220. 13.92% of the stock is owned by insiders.

Shares of Alphabet Inc (NASDAQ GOOG) traded down $1.74 during midday trading on Friday, reaching $1,046.40. 886,777 shares of the company were exchanged, compared to its average volume of 1,363,858. The firm has a market cap of $728,248.75, a PE ratio of 35.03 and a beta of 0.93. Alphabet Inc has a 12-month low of $770.41 and a 12-month high of $1,078.49. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the Zacks’ consensus estimate of $8.31 by $1.26. The firm had revenue of $27.77 billion for the quarter, compared to analysts’ expectations of $27.17 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The firm’s revenue was up 23.7% on a year-over-year basis. During the same period in the prior year, the company earned $9.06 EPS.

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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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