Alphabet Inc (GOOG) Shares Bought by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can grew its position in Alphabet Inc (NASDAQ:GOOG) by 2.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 228,539 shares of the information services provider’s stock after buying an additional 4,749 shares during the period. Great West Life Assurance Co. Can’s holdings in Alphabet were worth $216,823,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of GOOG. Janus Henderson Group PLC grew its stake in shares of Alphabet by 759.0% in the second quarter. Janus Henderson Group PLC now owns 3,204,087 shares of the information services provider’s stock worth $2,911,734,000 after acquiring an additional 2,831,099 shares during the period. Koch Industries Inc. grew its stake in shares of Alphabet by 214,636.6% in the second quarter. Koch Industries Inc. now owns 1,161,725 shares of the information services provider’s stock worth $1,160,000 after acquiring an additional 1,161,184 shares during the period. BlackRock Inc. grew its stake in shares of Alphabet by 4.8% in the second quarter. BlackRock Inc. now owns 18,058,006 shares of the information services provider’s stock worth $16,409,850,000 after acquiring an additional 826,480 shares during the period. Capital World Investors grew its stake in shares of Alphabet by 13.9% in the second quarter. Capital World Investors now owns 6,371,356 shares of the information services provider’s stock worth $5,789,842,000 after acquiring an additional 776,853 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Alphabet by 3.0% in the second quarter. Vanguard Group Inc. now owns 20,440,038 shares of the information services provider’s stock worth $18,574,476,000 after acquiring an additional 589,654 shares during the period. 34.46% of the stock is owned by institutional investors and hedge funds.

Several analysts recently issued reports on the stock. BidaskClub upgraded shares of Alphabet from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 10th. TheStreet lowered shares of Alphabet from an “a” rating to a “c+” rating in a research report on Thursday, February 1st. Cantor Fitzgerald restated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. JMP Securities restated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Finally, Vetr lowered shares of Alphabet from a “sell” rating to a “strong sell” rating and set a $949.65 target price for the company. in a research report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirty-six have assigned a buy rating to the stock. Alphabet has an average rating of “Buy” and an average price target of $1,061.93.

Alphabet Inc (GOOG) traded up $17.60 during mid-day trading on Thursday, hitting $1,069.70. 1,555,500 shares of the stock traded hands, compared to its average volume of 1,798,857. Alphabet Inc has a 1 year low of $803.37 and a 1 year high of $1,186.89. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.14 and a quick ratio of 5.11. The stock has a market capitalization of $751,920.00, a P/E ratio of 60.23 and a beta of 1.01.

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

Alphabet announced that its board has initiated a share buyback plan on Thursday, February 1st that allows the company to buyback $8.59 billion in outstanding shares. This buyback authorization allows the information services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

In related news, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $1,002.86, for a total transaction of $4,011,440.00. Following the sale, the chief executive officer now owns 1,178 shares of the company’s stock, valued at $1,181,369.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP David C. Drummond sold 5,690 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $1,052.50, for a total transaction of $5,988,725.00. Following the sale, the senior vice president now directly owns 2,897 shares in the company, valued at approximately $3,049,092.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,435 shares of company stock worth $29,030,612. 13.92% of the stock is owned by insiders.

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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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