Alphabet Inc. (GOOG) Position Boosted by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH raised its position in Alphabet Inc. (NASDAQ:GOOG) by 2.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 143,873 shares of the information services provider’s stock after buying an additional 3,501 shares during the period. Alphabet comprises 1.9% of Fort Washington Investment Advisors Inc. OH’s portfolio, making the stock its 12th largest position. Fort Washington Investment Advisors Inc. OH’s holdings in Alphabet were worth $119,430,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Viking Global Investors LP increased its position in shares of Alphabet by 0.7% in the fourth quarter. Viking Global Investors LP now owns 1,079,052 shares of the information services provider’s stock valued at $832,834,000 after buying an additional 7,835 shares during the last quarter. Newbrook Capital Advisors LP purchased a new position in shares of Alphabet during the fourth quarter valued at approximately $56,880,000. Soros Fund Management LLC increased its position in shares of Alphabet by 59.1% in the fourth quarter. Soros Fund Management LLC now owns 20,200 shares of the information services provider’s stock valued at $15,591,000 after buying an additional 7,500 shares during the last quarter. Kovitz Investment Group Partners LLC increased its position in shares of Alphabet by 17.2% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 52,845 shares of the information services provider’s stock valued at $40,787,000 after buying an additional 7,763 shares during the last quarter. Finally, Ancora Advisors LLC increased its position in shares of Alphabet by 470.3% in the fourth quarter. Ancora Advisors LLC now owns 6,273 shares of the information services provider’s stock valued at $4,842,000 after buying an additional 5,173 shares during the last quarter. Hedge funds and other institutional investors own 34.57% of the company’s stock.

Shares of Alphabet Inc. (GOOG) opened at 910.67 on Friday. Alphabet Inc. has a 12 month low of $727.54 and a 12 month high of $988.25. The firm has a market capitalization of $630.98 billion, a PE ratio of 33.00 and a beta of 0.94. The firm’s 50 day moving average is $933.52 and its 200-day moving average is $892.51.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, topping analysts’ consensus estimates of $4.43 by $0.58. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The business had revenue of $26.01 billion during the quarter, compared to the consensus estimate of $25.61 billion. During the same quarter last year, the company earned $8.42 earnings per share. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. On average, analysts expect that Alphabet Inc. will post $30.60 EPS for the current fiscal year.

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GOOG has been the topic of several analyst reports. Stifel Nicolaus reiterated a “buy” rating on shares of Alphabet in a report on Friday, April 28th. Atlantic Securities reiterated a “buy” rating on shares of Alphabet in a report on Friday, April 28th. J P Morgan Chase & Co reiterated a “buy” rating on shares of Alphabet in a report on Friday, April 28th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $1,050.00 price target (up from $1,000.00) on shares of Alphabet in a report on Friday, April 28th. Finally, Cantor Fitzgerald reissued a “buy” rating on shares of Alphabet in a research report on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and forty have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $1,030.56.

In related news, Director L John Doerr sold 13,556 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $922.15, for a total transaction of $12,500,665.40. Following the transaction, the director now directly owns 3,485 shares in the company, valued at $3,213,692.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $981.45, for a total value of $3,925,800.00. Following the transaction, the chief executive officer now owns 2,058 shares in the company, valued at $2,019,824.10. The disclosure for this sale can be found here. Insiders have sold 47,169 shares of company stock valued at $44,206,482 in the last three months. Corporate insiders own 13.92% of the company’s stock.

Alphabet Company Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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