14,892 Shares in Alphabet Inc (GOOG) Acquired by Steginsky Capital LLC

Steginsky Capital LLC acquired a new position in shares of Alphabet Inc (NASDAQ:GOOG) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 14,892 shares of the company’s stock, valued at approximately $11,494,000. Alphabet makes up 10.3% of Steginsky Capital LLC’s portfolio, making the stock its 7th largest position.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Copper Rock Capital Partners LLC increased its position in shares of Alphabet by 10.9% in the third quarter. Copper Rock Capital Partners LLC now owns 776 shares of the company’s stock worth $601,000 after buying an additional 76 shares in the last quarter. Liberty Capital Management Inc. acquired a new position in shares of Alphabet during the third quarter worth about $1,980,000. Independence Advisors LLC increased its position in shares of Alphabet by 6.3% in the third quarter. Independence Advisors LLC now owns 670 shares of the company’s stock worth $521,000 after buying an additional 40 shares in the last quarter. Woodstock Corp increased its position in shares of Alphabet by 0.4% in the third quarter. Woodstock Corp now owns 9,916 shares of the company’s stock worth $7,708,000 after buying an additional 37 shares in the last quarter. Finally, Pure Financial Advisors Inc. acquired a new position in shares of Alphabet during the third quarter worth about $205,000. 34.74% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Shares of Alphabet Inc (NASDAQ:GOOG) opened at 814.43 on Friday. The firm’s 50 day moving average price is $827.97 and its 200 day moving average price is $795.10. Alphabet Inc has a 52-week low of $663.28 and a 52-week high of $853.50. The stock has a market cap of $563.11 billion, a P/E ratio of 29.22 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, January 26th. The company reported $9.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $9.67 by $0.31. Alphabet had a net margin of 21.58% and a return on equity of 14.85%. The business had revenue of $26.04 billion for the quarter, compared to analysts’ expectations of $25.18 billion. During the same quarter in the previous year, the business posted $8.67 earnings per share. Alphabet’s revenue for the quarter was up 22.2% on a year-over-year basis. On average, analysts expect that Alphabet Inc will post $33.34 EPS for the current year.

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GOOG has been the topic of a number of recent analyst reports. Vetr raised Alphabet from a “buy” rating to a “strong-buy” rating and set a $852.63 price objective on the stock in a research note on Wednesday, November 30th. Cantor Fitzgerald reissued a “buy” rating and issued a $1,040.00 price objective on shares of Alphabet in a research note on Sunday, December 4th. Royal Bank of Canada set a $880.00 price objective on Alphabet and gave the company a “buy” rating in a research note on Tuesday, December 20th. Canaccord Genuity reissued a “buy” rating and issued a $925.00 price objective on shares of Alphabet in a research note on Wednesday, December 21st. Finally, Aegis initiated coverage on Alphabet in a research note on Wednesday, December 21st. They issued a “buy” rating and a $980.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and forty-one have given a buy rating to the company. Alphabet presently has an average rating of “Buy” and a consensus target price of $961.57.

In related news, Director Ann Mather sold 44 shares of the firm’s stock in a transaction that occurred on Wednesday, January 4th. The shares were sold at an average price of $792.27, for a total transaction of $34,859.88. Following the completion of the sale, the director now owns 1,656 shares of the company’s stock, valued at $1,311,999.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David C. Drummond sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of $852.42, for a total transaction of $1,704,840.00. Following the sale, the senior vice president now directly owns 5,800 shares of the company’s stock, valued at approximately $4,944,036. The disclosure for this sale can be found here. Insiders have sold 448,570 shares of company stock valued at $361,372,987 over the last quarter. Company insiders own 13.92% of the company’s stock.

Alphabet Company 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.

5 Day Chart for NASDAQ:GOOG

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