Mackenzie Financial Corp Acquires 36,315 Shares of Alphabet Inc (GOOG)

Mackenzie Financial Corp lifted its holdings in Alphabet Inc (NASDAQ:GOOG) by 25.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 177,406 shares of the information services provider’s stock after purchasing an additional 36,315 shares during the period. Mackenzie Financial Corp’s holdings in Alphabet were worth $183,723,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Progressive Investment Management Corp lifted its position in Alphabet by 9.8% in the 4th quarter. Progressive Investment Management Corp now owns 4,043 shares of the information services provider’s stock valued at $4,187,000 after purchasing an additional 361 shares during the last quarter. First Business Financial Services Inc. lifted its position in Alphabet by 11.6% in the 4th quarter. First Business Financial Services Inc. now owns 338 shares of the information services provider’s stock valued at $350,000 after purchasing an additional 35 shares during the last quarter. Fort Pitt Capital Group LLC lifted its position in Alphabet by 34.7% in the 4th quarter. Fort Pitt Capital Group LLC now owns 1,014 shares of the information services provider’s stock valued at $1,050,000 after purchasing an additional 261 shares during the last quarter. Penserra Capital Management LLC lifted its position in Alphabet by 233.3% in the 4th quarter. Penserra Capital Management LLC now owns 80 shares of the information services provider’s stock valued at $82,000 after purchasing an additional 56 shares during the last quarter. Finally, Wealthsource Partners LLC lifted its position in Alphabet by 54.5% in the 4th quarter. Wealthsource Partners LLC now owns 408 shares of the information services provider’s stock valued at $423,000 after purchasing an additional 144 shares during the last quarter. Institutional investors own 34.41% of the company’s stock.

GOOG has been the topic of several recent research reports. Credit Suisse Group reiterated a “buy” rating on shares of Alphabet in a research report on Tuesday, February 5th. Deutsche Bank reiterated a “buy” rating and issued a $1,380.00 price objective (up from $1,300.00) on shares of Alphabet in a research report on Tuesday, February 5th. UBS Group reiterated a “buy” rating on shares of Alphabet in a research report on Tuesday, February 5th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Alphabet in a research report on Tuesday, February 5th. Finally, Royal Bank of Canada reiterated a “buy” rating on shares of Alphabet in a research report on Friday, February 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-six have given a buy rating to the company’s stock. Alphabet currently has a consensus rating of “Buy” and a consensus target price of $1,361.50.



GOOG stock opened at $1,149.63 on Wednesday. Alphabet Inc has a 52 week low of $970.11 and a 52 week high of $1,289.27. The stock has a market cap of $806.92 billion, a price-to-earnings ratio of 24.20, a P/E/G ratio of 1.37 and a beta of 1.03. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.93 and a current ratio of 3.96.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Monday, April 29th. The information services provider reported $11.90 EPS for the quarter, topping analysts’ consensus estimates of $10.51 by $1.39. Alphabet had a net margin of 19.71% and a return on equity of 20.06%. The company had revenue of $36.34 billion for the quarter, compared to the consensus estimate of $37.36 billion. During the same period in the previous year, the firm earned $9.93 EPS. Alphabet’s revenue was up 16.7% on a year-over-year basis. On average, research analysts expect that Alphabet Inc will post 48.44 EPS for the current year.

In other Alphabet news, VP Amie Thuener O’toole sold 73 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $1,167.74, for a total transaction of $85,245.02. Following the sale, the vice president now directly owns 388 shares in the company, valued at approximately $453,083.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John L. Hennessy sold 375 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $1,200.00, for a total transaction of $450,000.00. Following the sale, the director now owns 80 shares in the company, valued at $96,000. The disclosure for this sale can be found here. Insiders have sold a total of 817 shares of company stock worth $974,730 over the last 90 days. 13.11% of the stock is owned by insiders.

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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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