Alphabet Inc (GOOG) Position Increased by Blackhawk Capital Partners LLC.

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Blackhawk Capital Partners LLC. increased its position in shares of Alphabet Inc (NASDAQ:GOOG) by 148.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 174 shares of the information services provider’s stock after buying an additional 104 shares during the period. Blackhawk Capital Partners LLC.’s holdings in Alphabet were worth $194,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GOOG. Braun Bostich & Associates Inc. purchased a new position in Alphabet during the first quarter valued at $107,000. Litman Gregory Asset Management LLC purchased a new position in Alphabet during the first quarter valued at $113,000. JJJ Advisors Inc. purchased a new position in Alphabet during the second quarter valued at $134,000. Stelac Advisory Services LLC purchased a new position in Alphabet during the first quarter valued at $145,000. Finally, Well Done LLC purchased a new position in Alphabet during the first quarter valued at $176,000. 34.16% of the stock is currently owned by hedge funds and other institutional investors.

In related news, VP Amie Thuener O’toole sold 80 shares of the firm’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $1,206.20, for a total transaction of $96,496.00. Following the completion of the sale, the vice president now directly owns 388 shares in the company, valued at $468,005.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director L John Doerr sold 10,262 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $1,218.20, for a total transaction of $12,501,168.40. Following the sale, the director now owns 3,485 shares of the company’s stock, valued at $4,245,427. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 77,621 shares of company stock valued at $91,938,840. 13.11% of the stock is owned by company insiders.

GOOG has been the topic of several recent analyst reports. Goldman Sachs Group reaffirmed a “$1,186.96” rating on shares of Alphabet in a report on Thursday, July 19th. UBS Group reiterated a “$1,195.88” rating on shares of Alphabet in a research report on Wednesday, July 18th. JPMorgan Chase & Co. reiterated a “$1,195.88” rating on shares of Alphabet in a research report on Wednesday, July 18th. Credit Suisse Group reiterated a “$1,205.50” rating on shares of Alphabet in a research report on Monday, July 23rd. Finally, Macquarie reiterated a “$1,205.50” rating on shares of Alphabet in a research report on Monday, July 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $1,301.81.

Shares of NASDAQ GOOG opened at $1,036.21 on Wednesday. The stock has a market capitalization of $745.69 billion, a PE ratio of 32.33 and a beta of 1.11. The company has a quick ratio of 4.10, a current ratio of 4.14 and a debt-to-equity ratio of 0.02. Alphabet Inc has a 52 week low of $980.64 and a 52 week high of $1,273.89.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, October 25th. The information services provider reported $13.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $10.41 by $2.65. Alphabet had a net margin of 14.45% and a return on equity of 19.40%. The firm had revenue of $27.16 billion during the quarter.

Alphabet 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 (NASDAQ:GOOG)

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