Good Life Advisors LLC Acquires 35 Shares of Alphabet Inc (NASDAQ:GOOG)

Good Life Advisors LLC lifted its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 5.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 655 shares of the information services provider’s stock after purchasing an additional 35 shares during the quarter. Good Life Advisors LLC’s holdings in Alphabet were worth $876,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. boosted its position in shares of 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 acquiring an additional 612,804 shares in the last quarter. State Street Corp boosted its position in shares of Alphabet by 0.7% during the 3rd quarter. State Street Corp now owns 11,764,670 shares of the information services provider’s stock worth $14,341,133,000 after acquiring an additional 81,768 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of 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 acquiring an additional 674,924 shares in the last quarter. Nuveen Asset Management LLC boosted its position in shares of Alphabet by 6,515.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 3,039,672 shares of the information services provider’s stock worth $3,285,612,000 after acquiring an additional 2,993,722 shares in the last quarter. Finally, Generation Investment Management LLP boosted its position in shares of Alphabet by 24.5% during the 3rd quarter. Generation Investment Management LLP now owns 1,142,934 shares of the information services provider’s stock worth $1,393,237,000 after acquiring an additional 224,907 shares in the last quarter. 33.79% of the stock is currently owned by institutional investors.

Several research firms recently issued reports on GOOG. Barclays reiterated a “buy” rating on shares of Alphabet in a research report on Tuesday, October 29th. ValuEngine lowered shares of Alphabet from a “hold” rating to a “sell” rating in a research report on Tuesday. Guggenheim raised their target price on shares of Alphabet from $1,425.00 to $1,525.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Credit Suisse Group raised their target price on shares of Alphabet from $1,500.00 to $1,700.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, Zacks Investment Research upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,496.00 target price on the stock in a research report on Wednesday, January 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twenty-three have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $1,486.44.

In other news, CAO Amie Thuener O’toole sold 54 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $1,276.45, for a total transaction of $68,928.30. Following the completion of the transaction, the chief accounting officer now owns 388 shares of the company’s stock, valued at $495,262.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann Mather sold 654 shares of the firm’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $1,400.04, for a total transaction of $915,626.16. Following the transaction, the director now directly owns 1,119 shares of the company’s stock, valued at approximately $1,566,644.76. The disclosure for this sale can be found here. Insiders have sold 3,344,673 shares of company stock valued at $316,380,721 in the last ninety days. Insiders own 12.99% of the company’s stock.

Shares of GOOG stock traded up $14.22 during trading hours on Friday, hitting $1,465.92. 509,042 shares of the company’s stock traded hands, compared to its average volume of 1,487,129. The stock’s 50 day simple moving average is $1,359.21 and its 200 day simple moving average is $1,249.78. The stock has a market cap of $986.86 billion, a PE ratio of 30.85, a price-to-earnings-growth ratio of 1.57 and a beta of 1.01. Alphabet Inc has a 12 month low of $1,025.00 and a 12 month high of $1,451.99. The company has a quick ratio of 3.75, a current ratio of 3.78 and a debt-to-equity ratio of 0.07.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Monday, October 28th. The information services provider reported $10.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $12.57 by ($2.45). The business had revenue of $40.50 billion for the quarter, compared to the consensus estimate of $40.17 billion. Alphabet had a net margin of 21.04% and a return on equity of 18.34%. Alphabet’s revenue was up 20.0% on a year-over-year basis. During the same period in the previous year, the business posted $13.06 EPS. As a group, equities research analysts expect that Alphabet Inc will post 49.03 EPS for the current fiscal year.

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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