Gladstone Institutional Advisory LLC Grows Position in Alphabet Inc (NASDAQ:GOOG)

Gladstone Institutional Advisory LLC boosted its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 36.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 555 shares of the information services provider’s stock after purchasing an additional 147 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Alphabet were worth $599,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Truehand Inc acquired a new position in shares of Alphabet in the 4th quarter valued at $38,000. HMS Capital Management LLC acquired a new position in shares of Alphabet in the 2nd quarter valued at $38,000. Thor Advisors LLC acquired a new position in shares of Alphabet in the 1st quarter valued at $56,000. Permanens Capital L.P. lifted its stake in shares of Alphabet by 180.0% in the 2nd quarter. Permanens Capital L.P. now owns 70 shares of the information services provider’s stock valued at $76,000 after purchasing an additional 45 shares during the period. Finally, Penserra Capital Management LLC lifted its stake in shares of 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 period. 33.79% of the stock is currently owned by institutional investors.

In other news, Director John L. Hennessy sold 150 shares of the company’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $1,225.00, for a total transaction of $183,750.00. Following the completion of the sale, the director now owns 276 shares of the company’s stock, valued at $338,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP David C. Drummond sold 1,600 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $1,179.44, for a total transaction of $1,887,104.00. Following the sale, the senior vice president now directly owns 44,482 shares of the company’s stock, valued at approximately $52,463,850.08. The disclosure for this sale can be found here. Insiders have sold 3,744 shares of company stock valued at $4,480,345 in the last ninety days. Insiders own 12.99% of the company’s stock.



GOOG has been the subject of several recent analyst reports. Barclays reissued a “buy” rating on shares of Alphabet in a report on Friday, July 26th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Alphabet in a report on Friday, July 26th. Deutsche Bank boosted their price target on shares of Alphabet from $1,400.00 to $1,475.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. Pivotal Research initiated coverage on shares of Alphabet in a report on Wednesday, May 29th. They issued a “hold” rating for the company. Finally, Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a report on Tuesday, July 23rd. Four investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $1,378.93.

Shares of Alphabet stock traded down $0.68 during trading hours on Wednesday, reaching $1,228.47. 20,603 shares of the company’s stock were exchanged, compared to its average volume of 1,147,326. Alphabet Inc has a 1 year low of $970.11 and a 1 year high of $1,289.27. The company has a market capitalization of $859.51 billion, a P/E ratio of 25.83, a price-to-earnings-growth ratio of 1.45 and a beta of 0.98. The business has a fifty day moving average of $1,192.89 and a two-hundred day moving average of $1,166.32. 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 released its earnings results on Thursday, July 25th. The information services provider reported $14.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $11.49 by $2.72. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. The business had revenue of $38.94 billion during the quarter, compared to analyst estimates of $38.21 billion. During the same quarter in the prior year, the firm earned $11.75 earnings per share. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. As a group, research analysts predict that Alphabet Inc will post 51.48 EPS for the current year.

Alphabet Company 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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