Alphabet Inc. (NASDAQ:GOOG) Shares Bought by Marble Harbor Investment Counsel LLC

Marble Harbor Investment Counsel LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 1,013 shares of the information services provider’s stock after acquiring an additional 20 shares during the period. Marble Harbor Investment Counsel LLC’s holdings in Alphabet were worth $2,700,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Strategic Asset Management LLC purchased a new stake in shares of Alphabet during the third quarter worth $28,000. True Link Financial Advisors LLC purchased a new stake in shares of Alphabet during the second quarter worth $33,000. Guidance Point Advisors LLC purchased a new stake in shares of Alphabet in the third quarter valued at about $34,000. Syverson Strege & Co purchased a new stake in shares of Alphabet in the third quarter valued at about $51,000. Finally, Running Point Capital Advisors LLC purchased a new stake in shares of Alphabet in the second quarter valued at about $60,000. Institutional investors own 30.66% of the company’s stock.

GOOG has been the topic of several analyst reports. Zacks Investment Research lowered shares of Alphabet from a “buy” rating to a “hold” rating in a research report on Monday, January 3rd. Royal Bank of Canada began coverage on Alphabet in a research note on Friday, October 1st. They issued an “outperform” rating and a $3,400.00 price target on the stock. Raymond James increased their target price on shares of Alphabet from $3,200.00 to $3,400.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 27th. They noted that the move was a valuation call. UBS Group assumed coverage on shares of Alphabet in a research note on Friday, December 3rd. They issued a “buy” rating and a $3,925.00 price target on the stock. Finally, Cowen increased their price objective on shares of Alphabet from $3,360.00 to $3,500.00 in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $3,210.45.

GOOG traded up $15.17 during trading on Friday, hitting $2,797.79. 23,356 shares of the stock were exchanged, compared to its average volume of 1,123,908. The company has a quick ratio of 2.96, a current ratio of 2.98 and a debt-to-equity ratio of 0.06. Alphabet Inc. has a 1-year low of $1,721.55 and a 1-year high of $3,037.00. The stock has a fifty day moving average price of $2,908.10 and a two-hundred day moving average price of $2,816.68. The firm has a market capitalization of $1.86 trillion, a P/E ratio of 26.49, a PEG ratio of 0.97 and a beta of 1.06.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Monday, October 25th. The information services provider reported $27.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $23.13 by $4.86. The business had revenue of $65.12 billion for the quarter, compared to analyst estimates of $63.35 billion. Alphabet had a net margin of 29.52% and a return on equity of 30.22%. The company’s revenue for the quarter was up 41.0% compared to the same quarter last year. During the same period last year, the firm posted $16.40 earnings per share. Analysts predict that Alphabet Inc. will post 108.29 EPS for the current year.

In related news, CEO Sundar Pichai sold 3,000 shares of Alphabet stock in a transaction on Wednesday, October 20th. The shares were sold at an average price of $2,875.05, for a total value of $8,625,150.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Capitalg 2014 Lp sold 2,542 shares of Alphabet stock in a transaction on Monday, November 22nd. The shares were sold at an average price of $37.91, for a total transaction of $96,367.22. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 198,473 shares of company stock worth $436,640,791. Insiders own 12.99% of the company’s stock.

Alphabet Profile

Alphabet, Inc is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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