Alphabet Inc. (NASDAQ:GOOG) Shares Bought by Harbour Capital Advisors LLC

Harbour Capital Advisors LLC grew its holdings in Alphabet Inc. (NASDAQ:GOOG) by 87,001.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,993,754 shares of the information services provider’s stock after buying an additional 1,991,465 shares during the period. Harbour Capital Advisors LLC owned approximately 0.29% of Alphabet worth $2,194,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. State Street Corp boosted its stake in shares of Alphabet by 0.3% during the 1st quarter. State Street Corp now owns 12,067,675 shares of the information services provider’s stock worth $10,010,859,000 after purchasing an additional 36,864 shares during the period. Legal & General Group Plc lifted its holdings in Alphabet by 4.3% during the 1st quarter. Legal & General Group Plc now owns 1,359,262 shares of the information services provider’s stock valued at $1,127,590,000 after buying an additional 55,875 shares in the last quarter. Sanders Capital LLC lifted its holdings in Alphabet by 37.1% during the 1st quarter. Sanders Capital LLC now owns 1,199,405 shares of the information services provider’s stock valued at $1,019,026,000 after buying an additional 324,596 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Alphabet by 8.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 952,586 shares of the information services provider’s stock valued at $865,829,000 after buying an additional 75,587 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in Alphabet by 6.8% during the 1st quarter. Clearbridge Investments LLC now owns 943,421 shares of the information services provider’s stock valued at $782,624,000 after buying an additional 59,992 shares in the last quarter. 34.52% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $958.40, for a total transaction of $3,833,600.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ann Mather sold 38 shares of Alphabet stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $959.26, for a total value of $36,451.88. Following the sale, the director now directly owns 1,797 shares in the company, valued at approximately $1,723,790.22. The disclosure for this sale can be found here. Insiders sold a total of 36,694 shares of company stock worth $34,162,584 in the last ninety days. Insiders own 13.92% of the company’s stock.

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A number of brokerages recently weighed in on GOOG. J P Morgan Chase & Co reiterated a “buy” rating on shares of Alphabet in a report on Tuesday, July 25th. Canaccord Genuity reiterated a “hold” rating and set a $1,000.00 price objective on shares of Alphabet in a report on Thursday, July 27th. SunTrust Banks, Inc. began coverage on shares of Alphabet in a report on Wednesday, August 16th. They set a “buy” rating and a $1,100.00 price objective for the company. UBS AG reiterated a “buy” rating and set a $1,080.00 price objective on shares of Alphabet in a report on Tuesday, July 25th. Finally, MKM Partners reiterated a “buy” rating and set a $1,210.00 price objective (up previously from $1,170.00) on shares of Alphabet in a report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $1,034.07.

Alphabet Inc. (GOOG) opened at 992.18 on Wednesday. The firm has a 50-day moving average price of $942.88 and a 200-day moving average price of $925.82. Alphabet Inc. has a 12-month low of $727.54 and a 12-month high of $997.21. The stock has a market cap of $687.46 billion, a PE ratio of 35.96 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last released its earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.43 by $0.58. The firm had revenue of $26.01 billion for the quarter, compared to analyst estimates of $25.61 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The company’s revenue was up 21.0% on a year-over-year basis. During the same quarter last year, the firm posted $8.42 EPS. Analysts forecast that Alphabet Inc. will post $30.61 EPS for the current fiscal year.

Alphabet Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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