First Long Island Investors LLC Raises Stock Holdings in Alphabet Inc (NASDAQ:GOOG)

First Long Island Investors LLC boosted its position in shares of Alphabet Inc (NASDAQ:GOOG) by 0.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,790 shares of the information services provider’s stock after purchasing an additional 56 shares during the period. First Long Island Investors LLC’s holdings in Alphabet were worth $9,103,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund grew its position in shares of Alphabet by 102,010.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 56,224,303 shares of the information services provider’s stock worth $54,000 after buying an additional 56,169,241 shares during the period. Vanguard Group Inc. grew its holdings in Alphabet by 97.8% during the third quarter. Vanguard Group Inc. now owns 43,027,936 shares of the information services provider’s stock valued at $51,643,016,000 after purchasing an additional 21,273,995 shares during the period. Trust Asset Management LLC lifted its position in shares of Alphabet by 86,154.5% in the third quarter. Trust Asset Management LLC now owns 20,789,054 shares of the information services provider’s stock worth $20,790,000 after purchasing an additional 20,764,952 shares in the last quarter. Capital International Investors lifted its position in shares of Alphabet by 587.2% in the third quarter. Capital International Investors now owns 3,885,216 shares of the information services provider’s stock worth $4,636,889,000 after purchasing an additional 3,319,821 shares in the last quarter. Finally, Rehmann Capital Advisory Group lifted its position in shares of Alphabet by 120,025.4% in the third quarter. Rehmann Capital Advisory Group now owns 3,013,947 shares of the information services provider’s stock worth $1,134,577,000 after purchasing an additional 3,011,438 shares in the last quarter. Hedge funds and other institutional investors own 33.95% of the company’s stock.

In other news, CAO Amie Thuener O’toole sold 69 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $1,042.90, for a total transaction of $71,960.10. Following the completion of the sale, the chief accounting officer now owns 388 shares of the company’s stock, valued at approximately $404,645.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ann Mather sold 39 shares of Alphabet stock in a transaction on Monday, July 1st. The shares were sold at an average price of $1,100.00, for a total transaction of $42,900.00. Following the completion of 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. In the last quarter, insiders sold 423 shares of company stock valued at $491,741. 12.99% of the stock is owned by company insiders.

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. 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. The company has a quick ratio of 3.93, a current ratio of 3.96 and a debt-to-equity ratio of 0.02. 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.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Monday, April 29th. The information services provider reported $11.90 EPS for the quarter, topping analysts’ consensus estimates of $10.51 by $1.39. The firm 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%. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $9.93 earnings per share. On average, equities analysts expect that Alphabet Inc will post 48.44 earnings per share for the current year.

Several analysts have issued reports on GOOG shares. Royal Bank of Canada reaffirmed a “buy” rating on shares of Alphabet in a research report on Tuesday, April 30th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Alphabet in a research report on Tuesday, April 30th. Credit Suisse Group reaffirmed a “buy” rating on shares of Alphabet in a research report on Tuesday, April 30th. Deutsche Bank decreased 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 report on Tuesday, April 30th. They noted that the move was a valuation call. Finally, Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a report on Monday, April 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-six have assigned a buy rating to the company. The company 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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