Alphabet Inc. (NASDAQ:GOOG) Shares Bought by Cary Street Partners Investment Advisory LLC

Cary Street Partners Investment Advisory LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOGFree Report) by 7.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 179,685 shares of the information services provider’s stock after purchasing an additional 12,908 shares during the quarter. Alphabet makes up approximately 1.4% of Cary Street Partners Investment Advisory LLC’s portfolio, making the stock its 3rd largest position. Cary Street Partners Investment Advisory LLC’s holdings in Alphabet were worth $21,736,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in GOOG. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Alphabet by 94,153.5% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 200,558,295 shares of the information services provider’s stock worth $24,261,537,000 after purchasing an additional 200,345,509 shares during the period. Moneta Group Investment Advisors LLC raised its position in Alphabet by 61,587.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 130,046,253 shares of the information services provider’s stock valued at $11,539,004,000 after acquiring an additional 129,835,437 shares in the last quarter. Bank of New York Mellon Corp raised its position in Alphabet by 1,807.4% during the third quarter. Bank of New York Mellon Corp now owns 57,069,444 shares of the information services provider’s stock valued at $5,487,226,000 after acquiring an additional 54,077,519 shares in the last quarter. Norges Bank bought a new position in Alphabet during the fourth quarter valued at approximately $3,059,614,000. Finally, GQG Partners LLC bought a new position in Alphabet during the first quarter valued at approximately $2,170,024,000. 27.13% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Alphabet news, SVP Prabhakar Raghavan sold 16,083 shares of Alphabet stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $133.82, for a total transaction of $2,152,227.06. Following the sale, the senior vice president now owns 75,621 shares in the company, valued at $10,119,602.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Alphabet news, SVP Prabhakar Raghavan sold 16,083 shares of Alphabet stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $133.82, for a total transaction of $2,152,227.06. Following the sale, the senior vice president now owns 75,621 shares in the company, valued at $10,119,602.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John Kent Walker sold 42,900 shares of the business’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $136.51, for a total transaction of $5,856,279.00. Following the completion of the sale, the insider now owns 10,383 shares in the company, valued at approximately $1,417,383.33. The disclosure for this sale can be found here. Insiders have sold 176,576 shares of company stock worth $23,425,367 over the last 90 days. Corporate insiders own 12.99% of the company’s stock.

Alphabet Trading Down 1.3 %

Shares of GOOG stock opened at $136.89 on Friday. Alphabet Inc. has a 1 year low of $85.57 and a 1 year high of $142.38. The firm’s fifty day simple moving average is $134.60 and its 200 day simple moving average is $127.96. The firm has a market capitalization of $1.71 trillion, a P/E ratio of 26.62, a price-to-earnings-growth ratio of 1.53 and a beta of 1.05. The company has a current ratio of 2.04, a quick ratio of 2.01 and a debt-to-equity ratio of 0.05.

Alphabet (NASDAQ:GOOGGet Free Report) last announced its 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. Alphabet had a net margin of 22.46% and a return on equity of 25.24%. The business had revenue of $64.05 billion for the quarter, compared to analyst estimates of $63.13 billion. As a group, sell-side analysts predict that Alphabet Inc. will post 5.74 EPS for the current year.

Wall Street Analysts Forecast Growth

GOOG has been the topic of several recent research reports. Wedbush initiated coverage on shares of Alphabet in a research report on Monday, August 21st. They set an “outperform” rating on the stock. Oppenheimer reissued an “outperform” rating and issued a $160.00 price target on shares of Alphabet in a research report on Wednesday, October 25th. Robert W. Baird lifted their price target on shares of Alphabet from $123.00 to $140.00 in a research report on Wednesday, July 26th. Finally, Susquehanna lifted their price target on shares of 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, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $130.69.

Check Out Our Latest Report on Alphabet

Alphabet Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.