Alphabet Inc (NASDAQ:GOOG) Shares Bought by SevenBridge Financial Group LLC

SevenBridge Financial Group LLC grew its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 6.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 952 shares of the information services provider’s stock after acquiring an additional 61 shares during the quarter. SevenBridge Financial Group LLC’s holdings in Alphabet were worth $1,160,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Alphabet by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 22,708,312 shares of the information services provider’s stock worth $24,545,641,000 after purchasing an additional 259,979 shares in the last quarter. BlackRock Inc. increased its position in Alphabet by 3.1% during the 2nd quarter. BlackRock Inc. now owns 20,205,186 shares of the information services provider’s stock worth $21,839,988,000 after purchasing an additional 612,804 shares in the last quarter. Lunia Capital LP increased its position in Alphabet by 135,522.5% during the 4th quarter. Lunia Capital LP now owns 16,870,086 shares of the information services provider’s stock worth $16,870,000 after purchasing an additional 16,857,647 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Alphabet by 6.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 11,480,467 shares of the information services provider’s stock worth $12,409,352,000 after purchasing an additional 674,924 shares in the last quarter. Finally, Northern Trust Corp increased its position in Alphabet by 0.8% during the 2nd quarter. Northern Trust Corp now owns 4,199,889 shares of the information services provider’s stock worth $4,539,702,000 after purchasing an additional 31,873 shares in the last quarter. 33.79% of the stock is owned by institutional investors.

A number of analysts recently issued reports on GOOG shares. Zacks Investment Research downgraded shares of Alphabet from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Royal Bank of Canada reissued a “buy” rating on shares of Alphabet in a research report on Monday, September 23rd. Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a research report on Tuesday, July 23rd. Deutsche Bank reissued a “buy” rating on shares of Alphabet in a research report on Thursday, October 3rd. Finally, Oppenheimer increased their target price on shares of Alphabet from $1,342.00 to $1,370.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $1,378.93.



Shares of Alphabet stock traded up $11.51 on Wednesday, hitting $1,200.64. 150,400 shares of the company’s stock traded hands, compared to its average volume of 1,461,305. The stock has a market cap of $838.32 billion, a P/E ratio of 25.27, a PEG ratio of 1.41 and a beta of 0.99. The company has a quick ratio of 3.96, a current ratio of 3.98 and a debt-to-equity ratio of 0.07. The firm’s 50-day moving average is $1,204.58 and its 200 day moving average is $1,171.76. Alphabet Inc has a 52-week low of $970.11 and a 52-week high of $1,289.27.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, July 25th. The information services provider reported $14.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $11.49 by $2.72. The company had revenue of $38.94 billion during the quarter, compared to analysts’ expectations of $38.21 billion. Alphabet had a return on equity of 20.15% and a net margin of 23.43%. The business’s revenue was up 19.3% on a year-over-year basis. During the same period in the prior year, the business posted $11.75 EPS. Equities research analysts forecast that Alphabet Inc will post 51.66 EPS for the current year.

In other news, Director John L. Hennessy sold 75 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $1,238.57, for a total transaction of $92,892.75. Following the completion of the transaction, the director now directly owns 276 shares in the company, valued at approximately $341,845.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John L. Hennessy sold 150 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $1,225.00, for a total value of $183,750.00. Following the transaction, the director now owns 276 shares of the company’s stock, valued at $338,100. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,391 shares of company stock valued at $6,502,992. Company insiders own 12.99% of the company’s stock.

About Alphabet

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.

Featured Article: Do back-end load funds outperform no-load funds?

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc (NASDAQ:GOOG).

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.