Clarius Group LLC Buys 153 Shares of Alphabet Inc (NASDAQ:GOOG)

Clarius Group LLC lifted its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 6.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,585 shares of the information services provider’s stock after acquiring an additional 153 shares during the period. Alphabet makes up about 1.0% of Clarius Group LLC’s investment portfolio, making the stock its 21st biggest position. Clarius Group LLC’s holdings in Alphabet were worth $2,677,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Garrison Point Advisors LLC bought a new position in Alphabet in the fourth quarter valued at approximately $694,000. Titus Wealth Management bought a new stake in shares of Alphabet in the fourth quarter worth $282,000. Lyell Wealth Management LP lifted its position in shares of Alphabet by 8.8% in the fourth quarter. Lyell Wealth Management LP now owns 3,094 shares of the information services provider’s stock worth $3,204,000 after purchasing an additional 250 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Alphabet by 7.8% in the fourth quarter. Private Advisor Group LLC now owns 12,661 shares of the information services provider’s stock worth $13,113,000 after purchasing an additional 918 shares in the last quarter. Finally, Clearstead Advisors LLC lifted its position in shares of Alphabet by 10.3% in the fourth quarter. Clearstead Advisors LLC now owns 2,457 shares of the information services provider’s stock worth $2,545,000 after purchasing an additional 230 shares in the last quarter. 33.95% of the stock is owned by institutional investors.

In other Alphabet news, Director John L. Hennessy sold 75 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $1,280.51, for a total transaction of $96,038.25. Following the completion of the sale, the director now owns 159 shares of the company’s stock, valued at approximately $203,601.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ann Mather sold 39 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $1,100.00, for a total transaction of $42,900.00. Following the sale, the director now directly owns 1,797 shares of the company’s stock, valued at approximately $1,976,700. The disclosure for this sale can be found here. Insiders sold 423 shares of company stock valued at $491,741 in the last three months. Company insiders own 12.99% of the company’s stock.

GOOG traded up $17.04 on Monday, hitting $1,097.95. 1,305,793 shares of the stock were exchanged, compared to its average volume of 1,504,172. Alphabet Inc has a 12 month low of $970.11 and a 12 month high of $1,289.27. The company has a 50-day moving average of $1,106.76. The company has a quick ratio of 3.93, a current ratio of 3.96 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $750.41 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 1.28 and a beta of 0.95.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Monday, April 29th. The information services provider reported $11.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $10.51 by $1.39. The business had revenue of $36.34 billion during the quarter, compared to analysts’ expectations of $37.36 billion. Alphabet had a net margin of 19.71% and a return on equity of 20.06%. Alphabet’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $9.93 earnings per share. On average, equities analysts expect that Alphabet Inc will post 48.44 earnings per share for the current year.

GOOG has been the topic of a number of research reports. Royal Bank of Canada reissued a “buy” rating on shares of Alphabet in a research report on Tuesday, April 30th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Alphabet in a research report on Tuesday, April 30th. Credit Suisse Group reissued a “buy” rating on shares of Alphabet in a research report on Tuesday, April 30th. Deutsche Bank cut their price objective on shares of Alphabet from $1,385.00 to $1,300.00 and set a “buy” rating on the stock in a research report on Tuesday, April 30th. They noted that the move was a valuation call. Finally, Goldman Sachs Group reaffirmed a “buy” rating on shares of Alphabet in a research report on Monday, April 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-six have issued a buy rating to the stock. Alphabet presently has a consensus rating of “Buy” and a consensus price target of $1,361.50.

About Alphabet

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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