Alphabet Inc. (NASDAQ:GOOG) Shares Acquired by Fiera Capital Corp

Fiera Capital Corp boosted its position in Alphabet Inc. (NASDAQ:GOOG) by 4.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,112 shares of the information services provider’s stock after acquiring an additional 1,008 shares during the quarter. Fiera Capital Corp’s holdings in Alphabet were worth $2,675,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in GOOG. Kingswood Wealth Advisors LLC purchased a new position in shares of Alphabet in the 2nd quarter worth about $2,002,000. Center for Financial Planning Inc. raised its holdings in Alphabet by 8.8% in the second quarter. Center for Financial Planning Inc. now owns 22,493 shares of the information services provider’s stock valued at $2,721,000 after buying an additional 1,813 shares during the period. Altfest L J & Co. Inc. raised its holdings in Alphabet by 20.5% in the second quarter. Altfest L J & Co. Inc. now owns 37,273 shares of the information services provider’s stock valued at $4,509,000 after buying an additional 6,346 shares during the period. Providence First Trust Co lifted its position in Alphabet by 145.7% during the second quarter. Providence First Trust Co now owns 14,420 shares of the information services provider’s stock valued at $1,744,000 after buying an additional 8,550 shares in the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc. grew its stake in Alphabet by 2.3% during the second quarter. Texas Capital Bank Wealth Management Services Inc. now owns 12,394 shares of the information services provider’s stock worth $1,499,000 after buying an additional 274 shares during the period. Hedge funds and other institutional investors own 27.13% of the company’s stock.

Analyst Ratings Changes

GOOG has been the topic of a number of research reports. Robert W. Baird raised their target price on shares of Alphabet from $123.00 to $140.00 in a research note on Wednesday, July 26th. Oppenheimer restated an “outperform” rating and set a $160.00 price objective on shares of Alphabet in a research note on Wednesday, October 25th. Wedbush began coverage on Alphabet in a research note on Monday, August 21st. They issued an “outperform” rating for the company. Finally, Susquehanna boosted their price target on Alphabet from $120.00 to $150.00 in a research report on Wednesday, July 26th. Ten investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $130.69.

Insider Transactions at Alphabet

In related news, Director John L. Hennessy sold 200 shares of Alphabet stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $132.92, for a total value of $26,584.00. Following the completion of the transaction, the director now directly owns 7,184 shares in the company, valued at $954,897.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $132.92, for a total transaction of $26,584.00. Following the transaction, the director now directly owns 7,184 shares in the company, valued at $954,897.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ann Mather sold 220 shares of Alphabet stock in a transaction on Friday, August 25th. The stock was sold at an average price of $130.14, for a total transaction of $28,630.80. Following the completion of the transaction, the director now directly owns 4,818 shares of the company’s stock, valued at approximately $627,014.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 176,576 shares of company stock valued at $23,425,367. Insiders own 12.99% of the company’s stock.

Alphabet Price Performance

GOOG stock opened at $136.38 on Thursday. The stock’s 50 day moving average is $134.55 and its two-hundred day moving average is $127.88. Alphabet Inc. has a 52-week low of $85.57 and a 52-week high of $142.38. The company has a market capitalization of $1.71 trillion, a PE ratio of 26.18, a P/E/G ratio of 1.49 and a beta of 1.05. The company has a quick ratio of 2.01, a current ratio of 2.04 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Tuesday, October 24th. The information services provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.10. The business had revenue of $64.05 billion during the quarter, compared to analyst estimates of $63.13 billion. Alphabet had a net margin of 22.46% and a return on equity of 25.24%. Analysts predict that Alphabet Inc. will post 5.74 earnings per share for the current fiscal year.

Alphabet Company Profile

Alphabet Inc offers 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 provides products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.