Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by Boston Partners

Boston Partners boosted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,568 shares of the information services provider’s stock after buying an additional 234 shares during the period. Boston Partners’ holdings in Alphabet were worth $2,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. boosted its position in Alphabet by 0.3% in the first quarter. BlackRock Inc. now owns 365,927,668 shares of the information services provider’s stock valued at $38,056,478,000 after buying an additional 1,230,697 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its position in Alphabet by 94,153.5% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 200,558,295 shares of the information services provider’s stock valued at $24,261,537,000 after purchasing an additional 200,345,509 shares during the period. Moneta Group Investment Advisors LLC boosted its holdings in Alphabet by 61,587.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 130,046,253 shares of the information services provider’s stock valued at $11,539,004,000 after purchasing an additional 129,835,437 shares during the last quarter. Morgan Stanley grew its position in Alphabet by 37.6% during the 4th quarter. Morgan Stanley now owns 71,779,112 shares of the information services provider’s stock worth $6,368,961,000 after purchasing an additional 19,612,974 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Alphabet by 2.9% during the 1st quarter. JPMorgan Chase & Co. now owns 71,490,715 shares of the information services provider’s stock valued at $7,435,034,000 after buying an additional 2,041,609 shares during the last quarter. 27.13% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Performance

NASDAQ GOOG opened at $137.92 on Tuesday. The stock has a fifty day simple moving average of $134.60 and a 200-day simple moving average of $128.70. The company has a current ratio of 2.04, a quick ratio of 2.01 and a debt-to-equity ratio of 0.05. The stock has a market cap of $1.73 trillion, a PE ratio of 26.47, a P/E/G ratio of 1.53 and a beta of 1.05. Alphabet Inc. has a twelve month low of $85.57 and a twelve month high of $142.38.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Tuesday, October 24th. The information services provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.10. Alphabet had a net margin of 22.46% and a return on equity of 25.24%. The company had revenue of $64.05 billion during the quarter, compared to analyst estimates of $63.13 billion. Equities analysts anticipate that Alphabet Inc. will post 5.74 earnings per share for the current year.

Insider Transactions at Alphabet

In related news, Director John L. Hennessy sold 200 shares of the business’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $132.92, for a total value of $26,584.00. Following the sale, the director now owns 7,184 shares in the company, valued at approximately $954,897.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director John L. Hennessy sold 200 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $132.92, for a total value of $26,584.00. Following the completion of the transaction, the director now owns 7,184 shares of the company’s stock, valued at $954,897.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ann Mather sold 220 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $130.14, for a total transaction of $28,630.80. Following the completion of the transaction, the director now directly owns 4,818 shares of the company’s stock, valued at approximately $627,014.52. The disclosure for this sale can be found here. Insiders sold a total of 176,576 shares of company stock worth $23,425,367 over the last ninety days. Company insiders own 12.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on GOOG. Oppenheimer reiterated an “outperform” rating and set a $160.00 price target on shares of Alphabet in a research report on Wednesday, October 25th. Robert W. Baird boosted their price target on shares of Alphabet from $123.00 to $140.00 in a report on Wednesday, July 26th. Susquehanna upped their price objective on shares of Alphabet from $120.00 to $150.00 in a research report on Wednesday, July 26th. Finally, Wedbush initiated coverage on shares of Alphabet in a research note on Monday, August 21st. They set an “outperform” rating for the company. Ten analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $130.69.

Alphabet Company Profile

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.