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Eos Management L.P. acquired a new position in Alphabet Inc (NASDAQ:GOOG) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 845 shares of the information services provider’s stock, valued at approximately $913,000. Alphabet makes up 0.3% of Eos Management L.P.’s holdings, making the stock its 15th largest holding.

Several other hedge funds have also modified their holdings of GOOG. Oregon Public Employees Retirement Fund raised its position in shares of Alphabet by 102,010.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 56,224,303 shares of the information services provider’s stock worth $54,000 after buying an additional 56,169,241 shares in the last quarter. Lunia Capital LP raised its position in shares of Alphabet by 135,522.5% in the fourth quarter. Lunia Capital LP now owns 16,870,086 shares of the information services provider’s stock worth $16,870,000 after buying an additional 16,857,647 shares in the last quarter. Investec Asset Management LTD raised its position in shares of Alphabet by 2,660.9% in the second quarter. Investec Asset Management LTD now owns 648,507 shares of the information services provider’s stock worth $19,478,000 after buying an additional 625,018 shares in the last quarter. PenderFund Capital Management Ltd. raised its position in shares of Alphabet by 127,265.7% in the second quarter. PenderFund Capital Management Ltd. now owns 445,780 shares of the information services provider’s stock worth $4,906,000 after buying an additional 445,430 shares in the last quarter. Finally, Nordea Investment Management AB raised its position in shares of Alphabet by 129.3% in the fourth quarter. Nordea Investment Management AB now owns 723,309 shares of the information services provider’s stock worth $755,828,000 after buying an additional 407,812 shares in the last quarter. Institutional investors own 33.97% of the company’s stock.

Shares of NASDAQ GOOG opened at $1,239.56 on Friday. Alphabet Inc has a twelve month low of $970.11 and a twelve month high of $1,289.27. The firm has a market cap of $846.06 billion, a P/E ratio of 26.09, a PEG ratio of 1.43 and a beta of 0.98. The company has a 50 day moving average of $1,191.99 and a 200 day moving average of $1,163.91. The company has a quick ratio of 3.96, a current ratio of 3.98 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, July 25th. The information services provider reported $14.21 earnings per share for the quarter, topping analysts’ consensus estimates of $11.49 by $2.72. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. The company had revenue of $38.94 billion during the quarter, compared to analyst estimates of $38.21 billion. During the same period in the previous year, the business earned $11.75 EPS. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. As a group, equities analysts expect that Alphabet Inc will post 51.48 earnings per share for the current fiscal year.

In related news, SVP David C. Drummond sold 1,600 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $1,215.39, for a total value of $1,944,624.00. Following the completion of the transaction, the senior vice president now directly owns 44,482 shares in the company, valued at approximately $54,062,977.98. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Amie Thuener O’toole sold 54 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $1,191.53, for a total transaction of $64,342.62. Following the completion of the transaction, the chief accounting officer now owns 388 shares of the company’s stock, valued at $462,313.64. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,744 shares of company stock valued at $4,480,345. 12.99% of the stock is owned by company insiders.

GOOG has been the topic of a number of recent analyst reports. Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a research report on Tuesday, July 23rd. Credit Suisse Group increased their price objective on Alphabet from $1,400.00 to $1,500.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Alphabet in a research report on Friday, July 26th. Benchmark reiterated a “buy” rating and issued a $1,360.00 price objective (up previously from $1,315.00) on shares of Alphabet in a research report on Friday, July 26th. Finally, Cowen increased their price objective on Alphabet from $1,400.00 to $1,500.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Four analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. Alphabet currently has a consensus rating of “Buy” and a consensus price target of $1,378.93.

Alphabet Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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(Excerpt) Read more Here | 2019-09-15 06:38:05
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