BMT Investment Advisors Has $2.65 Million Holdings in Alphabet Inc (NASDAQ:GOOG)

BMT Investment Advisors increased its position in shares of Alphabet Inc (NASDAQ:GOOG) by 0.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,176 shares of the information services provider’s stock after purchasing an additional 16 shares during the quarter. Alphabet accounts for approximately 1.4% of BMT Investment Advisors’ investment portfolio, making the stock its 27th largest position. BMT Investment Advisors’ holdings in Alphabet were worth $2,653,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GOOG. Nuveen Asset Management LLC lifted its position in Alphabet by 6,515.2% during the second quarter. Nuveen Asset Management LLC now owns 3,039,672 shares of the information services provider’s stock worth $3,285,612,000 after purchasing an additional 2,993,722 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Alphabet by 6.2% during the second 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 during the period. Investec Asset Management LTD lifted its position in Alphabet by 2,660.9% during the second quarter. Investec Asset Management LTD now owns 648,507 shares of the information services provider’s stock worth $19,478,000 after purchasing an additional 625,018 shares during the period. BlackRock Inc. lifted its position in Alphabet by 3.1% during the second 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 during the period. Finally, PenderFund Capital Management Ltd. lifted its position in Alphabet by 127,265.7% during the second quarter. PenderFund Capital Management Ltd. now owns 445,780 shares of the information services provider’s stock worth $4,906,000 after purchasing an additional 445,430 shares during the period. 33.80% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on the stock. Goldman Sachs Group reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, October 18th. Zacks Investment Research cut shares of Alphabet from a “buy” rating to a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, July 26th. Wedbush increased their target price on shares of Alphabet from $1,350.00 to $1,500.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Finally, UBS Group reissued a “buy” rating on shares of Alphabet in a report on Friday, July 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $1,401.67.

In related news, Director John L. Hennessy sold 75 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $1,238.57, for a total value of $92,892.75. Following the completion of the transaction, the director now owns 276 shares in the company, valued at approximately $341,845.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Amie Thuener O’toole sold 55 shares of the firm’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $1,195.00, for a total transaction of $65,725.00. Following the completion of the transaction, the chief accounting officer now owns 388 shares of the company’s stock, valued at approximately $463,660. The disclosure for this sale can be found here. Insiders sold 5,241 shares of company stock valued at $6,319,242 in the last three months. Company insiders own 12.99% of the company’s stock.

GOOG stock opened at $1,260.99 on Friday. The stock has a market capitalization of $873.08 billion, a P/E ratio of 24.24, a price-to-earnings-growth ratio of 1.48 and a beta of 0.99. The company has a current ratio of 3.98, a quick ratio of 3.96 and a debt-to-equity ratio of 0.07. Alphabet Inc has a 12 month low of $970.11 and a 12 month high of $1,289.27. The firm has a 50-day moving average price of $1,222.86 and a 200-day moving average price of $1,175.07.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, July 25th. The information services provider reported $14.21 EPS for the quarter, topping analysts’ consensus estimates of $11.49 by $2.72. The firm had revenue of $38.94 billion during the quarter, compared to analysts’ expectations of $38.21 billion. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $11.75 earnings per share. As a group, equities analysts predict that Alphabet Inc will post 51.37 EPS for the current fiscal year.

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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