Alphabet Inc. (NASDAQ:GOOG) Shares Purchased by Bridgewater Advisors Inc.

Bridgewater Advisors Inc. boosted its stake in Alphabet Inc. (NASDAQ:GOOGGet Rating) by 2,296.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 32,998 shares of the information services provider’s stock after purchasing an additional 31,621 shares during the period. Alphabet comprises approximately 0.9% of Bridgewater Advisors Inc.’s portfolio, making the stock its 26th largest position. Bridgewater Advisors Inc.’s holdings in Alphabet were worth $3,173,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in GOOG. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Alphabet by 1,872.0% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 18,292,839 shares of the information services provider’s stock valued at $1,758,856,000 after acquiring an additional 17,365,189 shares during the last quarter. Baillie Gifford & Co. grew its position in Alphabet by 1,879.5% during the third quarter. Baillie Gifford & Co. now owns 11,694,544 shares of the information services provider’s stock worth $1,124,431,000 after buying an additional 11,103,769 shares during the period. Nordea Investment Management AB grew its position in Alphabet by 1,899.8% during the third quarter. Nordea Investment Management AB now owns 6,677,522 shares of the information services provider’s stock worth $654,531,000 after buying an additional 6,343,615 shares during the period. Truist Financial Corp grew its position in shares of Alphabet by 1,861.3% in the third quarter. Truist Financial Corp now owns 4,489,234 shares of the information services provider’s stock valued at $431,640,000 after purchasing an additional 4,260,344 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Alphabet by 2,162.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,441,092 shares of the information services provider’s stock valued at $427,010,000 after purchasing an additional 4,244,758 shares during the last quarter. Institutional investors and hedge funds own 28.69% of the company’s stock.

Alphabet Trading Up 5.7 %

NASDAQ GOOG opened at $99.28 on Friday. Alphabet Inc. has a one year low of $83.45 and a one year high of $152.10. The company has a 50-day simple moving average of $93.52 and a 200-day simple moving average of $102.16. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.47 and a current ratio of 2.52. The firm has a market capitalization of $1.28 trillion, a PE ratio of 19.72, a price-to-earnings-growth ratio of 1.63 and a beta of 1.08.

Alphabet (NASDAQ:GOOGGet Rating) last issued its quarterly earnings data on Tuesday, October 25th. The information services provider reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.25 by ($0.19). Alphabet had a net margin of 23.75% and a return on equity of 26.41%. The firm had revenue of $69.09 billion during the quarter, compared to the consensus estimate of $70.67 billion. During the same quarter in the prior year, the business earned $1.40 earnings per share. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, equities analysts forecast that Alphabet Inc. will post 4.68 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GOOG. Oppenheimer reduced their price objective on shares of Alphabet from $155.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Cowen reduced their price objective on shares of Alphabet from $150.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. The Goldman Sachs Group set a $135.00 price objective on shares of Alphabet in a research note on Friday, November 18th. Cowen reduced their price objective on shares of Alphabet from $135.00 to $125.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 11th. Finally, UBS Group set a $115.00 price target on shares of Alphabet in a research note on Thursday, January 12th. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $140.56.

Insider Transactions at Alphabet

In other news, Director Ann Mather sold 280 shares of Alphabet stock in a transaction that occurred on Tuesday, October 25th. The shares were sold at an average price of $103.23, for a total value of $28,904.40. Following the transaction, the director now directly owns 11,200 shares of the company’s stock, valued at $1,156,176. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CAO Amie Thuener O’toole sold 855 shares of the business’s stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $90.85, for a total transaction of $77,676.75. Following the transaction, the chief accounting officer now directly owns 24,694 shares of the company’s stock, valued at $2,243,449.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ann Mather sold 280 shares of the business’s stock in a transaction that occurred on Tuesday, October 25th. The shares were sold at an average price of $103.23, for a total transaction of $28,904.40. Following the transaction, the director now directly owns 11,200 shares in the company, valued at $1,156,176. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 1,461,702 shares of company stock valued at $36,999,217 and have sold 190,744 shares valued at $8,564,640. 12.99% of the stock is currently owned by insiders.

Alphabet Company Profile

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Alphabet Inc provides various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment offers products and services, including ads, Android, Chrome, hardware, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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