Deltec Asset Management LLC Has $4.75 Million Holdings in Alphabet Inc. (NASDAQ:GOOG)

Deltec Asset Management LLC lifted its stake in shares of Alphabet Inc. (NASDAQ:GOOGGet Rating) by 1,900.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,440 shares of the information services provider’s stock after purchasing an additional 46,968 shares during the period. Alphabet makes up about 1.2% of Deltec Asset Management LLC’s investment portfolio, making the stock its 18th biggest position. Deltec Asset Management LLC’s holdings in Alphabet were worth $4,754,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Curated Wealth Partners LLC grew its position in shares of Alphabet by 1,916.3% during the 3rd quarter. Curated Wealth Partners LLC now owns 5,081 shares of the information services provider’s stock worth $489,000 after buying an additional 4,829 shares during the period. Optimum Investment Advisors grew its holdings in Alphabet by 1,931.0% during the 3rd quarter. Optimum Investment Advisors now owns 26,220 shares of the information services provider’s stock worth $2,521,000 after acquiring an additional 24,929 shares during the period. Bangor Savings Bank lifted its stake in shares of Alphabet by 1,992.7% in the 3rd quarter. Bangor Savings Bank now owns 22,601 shares of the information services provider’s stock valued at $2,173,000 after purchasing an additional 21,521 shares during the period. Aurora Investment Managers LLC. boosted its position in shares of Alphabet by 1,900.0% in the 3rd quarter. Aurora Investment Managers LLC. now owns 32,960 shares of the information services provider’s stock worth $3,169,000 after purchasing an additional 31,312 shares during the last quarter. Finally, MAI Capital Management grew its stake in shares of Alphabet by 7.3% during the second quarter. MAI Capital Management now owns 38,604 shares of the information services provider’s stock worth $84,443,000 after purchasing an additional 2,612 shares during the period. 28.69% of the stock is owned by institutional investors.

Alphabet Stock Performance

Shares of GOOG stock opened at $92.16 on Wednesday. Alphabet Inc. has a 12 month low of $83.45 and a 12 month high of $152.10. The company’s fifty day simple moving average is $93.38 and its 200-day simple moving average is $102.47. The firm has a market cap of $1.19 trillion, a PE ratio of 18.30, a P/E/G ratio of 1.63 and a beta of 1.08. The company has a quick ratio of 2.47, a current ratio of 2.52 and a debt-to-equity ratio of 0.06.

Alphabet (NASDAQ:GOOGGet Rating) last issued its quarterly earnings results on Tuesday, October 25th. The information services provider reported $1.06 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.19). Alphabet had a return on equity of 26.41% and a net margin of 23.75%. The business had revenue of $69.09 billion for the quarter, compared to the consensus estimate of $70.67 billion. During the same period last year, the firm earned $1.40 earnings per share. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. Equities research analysts expect that Alphabet Inc. will post 4.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GOOG. Cowen reduced their target price on Alphabet from $150.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Credit Suisse Group set a $128.00 price objective on shares of Alphabet in a report on Wednesday, October 26th. Sanford C. Bernstein set a $120.00 price target on shares of Alphabet in a report on Thursday, January 12th. Oppenheimer dropped their price objective on Alphabet from $155.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Finally, Societe Generale decreased their target price on Alphabet from $147.00 to $132.00 and set a “buy” rating for the company in a research note on Wednesday, November 30th. One investment analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.88.

Insider Buying and Selling

In other Alphabet news, CAO Amie Thuener O’toole sold 855 shares of the firm’s stock in a transaction that occurred on Wednesday, January 4th. The stock was sold at an average price of $91.15, for a total value of $77,933.25. Following the completion of the transaction, the chief accounting officer now directly owns 25,122 shares in the company, valued at $2,289,870.30. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder 2019 Gp L.L.C. Gv acquired 800,000 shares of the stock in a transaction dated Monday, October 24th. The shares were bought at an average cost of $17.00 per share, for a total transaction of $13,600,000.00. Following the purchase, the insider now directly owns 11,522,248 shares of the company’s stock, valued at $195,878,216. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Amie Thuener O’toole sold 855 shares of the company’s stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $91.15, for a total transaction of $77,933.25. Following the completion of the sale, the chief accounting officer now directly owns 25,122 shares in the company, valued at $2,289,870.30. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 1,461,702 shares of company stock worth $36,999,217 and have sold 190,744 shares worth $8,564,640. 12.99% of the stock is currently owned by corporate insiders.

About Alphabet

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Alphabet Inc provides various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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