Alphabet Inc. (GOOG) Position Increased by Broad Run Investment Management LLC

Broad Run Investment Management LLC raised its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 114,299 shares of the company’s stock after buying an additional 79 shares during the period. Alphabet accounts for approximately 4.3% of Broad Run Investment Management LLC’s portfolio, making the stock its 11th largest position. Broad Run Investment Management LLC’s holdings in Alphabet were worth $85,147,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Shufro Rose & Co. LLC increased its position in Alphabet by 16.4% in the first quarter. Shufro Rose & Co. LLC now owns 355 shares of the company’s stock worth $264,000 after buying an additional 50 shares during the period. Iberiabank Corp bought a new position in shares of Alphabet during the first quarter worth approximately $279,000. Hyman Charles D bought a new position in shares of Alphabet during the first quarter worth approximately $289,000. QUANTRES ASSET MANAGEMENT Ltd bought a new position in shares of Alphabet during the first quarter worth approximately $298,000. Finally, Donaldson Capital Management LLC increased its position in shares of Alphabet by 47.1% in the first quarter. Donaldson Capital Management LLC now owns 406 shares of the company’s stock worth $302,000 after buying an additional 130 shares during the last quarter.

Shares of Alphabet Inc. (NASDAQ:GOOG) traded up 0.45% during mid-day trading on Wednesday, reaching $741.77. 1,511,311 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $711.35 and a 200-day moving average price of $717.24. The stock has a market cap of $509.27 billion and a PE ratio of 30.18. Alphabet Inc. has a 12 month low of $565.05 and a 12 month high of $789.87.

A number of equities analysts have commented on the company. Jefferies Group restated a “buy” rating and issued a $925.00 target price (down from $950.00) on shares of Alphabet in a research note on Monday, April 25th. Evercore ISI restated a “buy” rating and issued a $830.00 target price (down from $950.00) on shares of Alphabet in a research note on Thursday, June 23rd. Vetr downgraded Alphabet from a “buy” rating to a “hold” rating and set a $779.82 target price for the company. in a research note on Wednesday, April 13th. Morgan Stanley restated an “overweight” rating on shares of Alphabet in a research note on Thursday, May 26th. Finally, Societe Generale set a $910.00 target price on Alphabet and gave the company a “buy” rating in a research note on Thursday, July 7th. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $898.56.

In other news, CEO Lawrence Page sold 16,666 shares of Alphabet stock in a transaction dated Thursday, April 28th. The shares were sold at an average price of $717.74, for a total value of $11,961,854.84. Following the completion of the transaction, the chief executive officer now owns 105,666 shares of the company’s stock, valued at approximately $75,840,714.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $739.21, for a total transaction of $2,956,840.00. Following the completion of the transaction, the chief executive officer now directly owns 3,297 shares of the company’s stock, valued at approximately $2,437,175.37. The disclosure for this sale can be found here.

Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.