Winch Advisory Services LLC lifted its stake in Alphabet Inc (NASDAQ:GOOG) by 8.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,432 shares of the information services provider’s stock after purchasing an additional 341 shares during the period. Alphabet makes up 2.5% of Winch Advisory Services LLC’s investment portfolio, making the stock its 16th largest holding. Winch Advisory Services LLC’s holdings in Alphabet were worth $4,018,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in GOOG. Harbour Capital Advisors LLC lifted its stake in shares of Alphabet by 87,001.5% in the second quarter. Harbour Capital Advisors LLC now owns 1,993,754 shares of the information services provider’s stock valued at $2,194,000 after purchasing an additional 1,991,465 shares during the period. Sanders Capital LLC increased its holdings in Alphabet by 37.1% during the 1st quarter. Sanders Capital LLC now owns 1,199,405 shares of the information services provider’s stock valued at $1,019,026,000 after acquiring an additional 324,596 shares in the last quarter. Pictet Asset Management Ltd. increased its holdings in Alphabet by 35.8% during the 1st quarter. Pictet Asset Management Ltd. now owns 422,437 shares of the information services provider’s stock valued at $350,437,000 after acquiring an additional 111,292 shares in the last quarter. Arthur M. Cohen & Associates LLC purchased a new position in Alphabet during the 2nd quarter valued at about $4,914,000. Finally, Karp Capital Management Corp purchased a new position in Alphabet during the 1st quarter valued at about $82,519,000. Hedge funds and other institutional investors own 34.74% of the company’s stock.
Alphabet Inc (NASDAQ GOOG) traded up $13.23 during midday trading on Wednesday, hitting $1,018.38. 1,267,644 shares of the stock were exchanged, compared to its average volume of 1,488,299. Alphabet Inc has a twelve month low of $755.80 and a twelve month high of $1,062.38. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $693,883.88, a PE ratio of 33.43 and a beta of 0.93.
Several equities analysts have weighed in on GOOG shares. Cowen restated an “outperform” rating and set a $1,075.00 target price on shares of Alphabet in a report on Thursday, August 10th. Wells Fargo & Company restated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. UBS restated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Societe Generale restated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Finally, Oppenheimer restated an “outperform” rating on shares of Alphabet in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirty-nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $1,047.96.
In related news, Director Ann Mather sold 38 shares of Alphabet stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $959.26, for a total value of $36,451.88. Following the completion of the sale, the director now owns 1,797 shares in the company, valued at $1,723,790.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $958.40, for a total transaction of $3,833,600.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,396 shares of company stock valued at $38,242,981. Insiders own 13.92% of the company’s stock.
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Alphabet Company Profile
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.
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