Alphabet Inc (GOOG) Shares Bought by Sawtooth Solutions LLC

Sawtooth Solutions LLC raised its holdings in Alphabet Inc (NASDAQ:GOOG) by 82.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 523 shares of the information services provider’s stock after purchasing an additional 237 shares during the period. Sawtooth Solutions LLC’s holdings in Alphabet were worth $583,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of GOOG. BlackRock Inc. boosted its stake in shares of Alphabet by 0.9% in the second quarter. BlackRock Inc. now owns 19,245,773 shares of the information services provider’s stock worth $21,471,546,000 after acquiring an additional 174,333 shares during the last quarter. Summit Trail Advisors LLC boosted its stake in shares of Alphabet by 132,719.3% in the first quarter. Summit Trail Advisors LLC now owns 18,679,702 shares of the information services provider’s stock worth $18,680,000 after acquiring an additional 18,665,638 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Alphabet by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 3,644,595 shares of the information services provider’s stock worth $4,066,096,000 after acquiring an additional 27,153 shares during the last quarter. Magellan Asset Management Ltd boosted its stake in shares of Alphabet by 684.2% in the first quarter. Magellan Asset Management Ltd now owns 2,114,849 shares of the information services provider’s stock worth $2,182,080,000 after acquiring an additional 1,845,160 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of Alphabet by 10.4% in the second quarter. Jennison Associates LLC now owns 1,662,006 shares of the information services provider’s stock worth $1,854,217,000 after acquiring an additional 156,582 shares during the last quarter. 34.16% of the stock is currently owned by institutional investors.

In other Alphabet news, CEO Sundar Pichai sold 10,000 shares of Alphabet stock in a transaction on Wednesday, October 17th. The stock was sold at an average price of $1,113.91, for a total value of $11,139,100.00. Following the sale, the chief executive officer now owns 532 shares in the company, valued at $592,600.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David C. Drummond sold 5,690 shares of Alphabet stock in a transaction on Monday, August 13th. The shares were sold at an average price of $1,244.09, for a total value of $7,078,872.10. Following the completion of the sale, the senior vice president now owns 41,234 shares in the company, valued at approximately $51,298,807.06. The disclosure for this sale can be found here. Insiders sold 77,541 shares of company stock worth $91,842,344 in the last 90 days. Company insiders own 13.11% of the company’s stock.

NASDAQ:GOOG opened at $1,076.77 on Thursday. Alphabet Inc has a 52 week low of $980.64 and a 52 week high of $1,273.89. The company has a current ratio of 4.14, a quick ratio of 4.10 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $745.69 billion, a price-to-earnings ratio of 22.95 and a beta of 1.11.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, October 25th. The information services provider reported $13.06 EPS for the quarter, beating the Zacks’ consensus estimate of $10.41 by $2.65. Alphabet had a return on equity of 19.40% and a net margin of 14.45%. The company had revenue of $27.16 billion for the quarter.

GOOG has been the topic of a number of research analyst reports. Macquarie reaffirmed a “buy” rating on shares of Alphabet in a research note on Thursday, September 27th. BidaskClub upgraded Alphabet from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 26th. $1 lifted their price objective on Alphabet to $1,375.00 and gave the stock a “buy” rating in a research report on Tuesday, October 23rd. Credit Suisse Group reiterated a “buy” rating on shares of Alphabet in a research report on Friday, October 26th. Finally, Morgan Stanley reiterated a “buy” rating on shares of Alphabet in a research report on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $1,301.81.

Alphabet Company Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

See Also: Closed-End Mutual Funds

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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