Alphabet Inc (GOOG) Holdings Lifted by Rathbone Brothers plc

Rathbone Brothers plc boosted its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 10.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 45,815 shares of the information services provider’s stock after purchasing an additional 4,163 shares during the period. Alphabet accounts for approximately 1.9% of Rathbone Brothers plc’s portfolio, making the stock its 11th biggest position. Rathbone Brothers plc’s holdings in Alphabet were worth $54,679,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Summit Trail Advisors LLC lifted its holdings 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 valued at $18,680,000 after purchasing an additional 18,665,638 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of Alphabet by 18,323.9% in the second quarter. Private Advisor Group LLC now owns 954,357 shares of the information services provider’s stock valued at $1,064,798,000 after purchasing an additional 949,177 shares in the last quarter. Mainstay Capital Management LLC ADV lifted its holdings in shares of Alphabet by 79,743.5% in the second quarter. Mainstay Capital Management LLC ADV now owns 796,838 shares of the information services provider’s stock valued at $1,009,000 after purchasing an additional 795,840 shares in the last quarter. Cornerstone Wealth Management LLC increased its position in shares of Alphabet by 114,793.0% in the second quarter. Cornerstone Wealth Management LLC now owns 723,826 shares of the information services provider’s stock valued at $642,000 after acquiring an additional 723,196 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC increased its position in shares of Alphabet by 37,811.2% in the second quarter. Moneta Group Investment Advisors LLC now owns 354,849 shares of the information services provider’s stock valued at $1,691,000 after acquiring an additional 353,913 shares during the last quarter. Hedge funds and other institutional investors own 40.44% of the company’s stock.

In other news, CEO Sundar Pichai sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $1,160.42, for a total transaction of $11,604,200.00. Following the completion of the sale, the chief executive officer now owns 546 shares in the company, valued at $633,589.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ann Mather sold 25 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $1,199.89, for a total value of $29,997.25. Following the sale, the director now owns 1,912 shares of the company’s stock, valued at approximately $2,294,189.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 89,437 shares of company stock valued at $98,403,047. Corporate insiders own 13.11% of the company’s stock.

GOOG has been the topic of a number of recent research reports. Macquarie reaffirmed a “buy” rating on shares of Alphabet in a research report on Thursday, September 27th. lifted their target price on Alphabet to $1,375.00 and gave the company a “buy” rating in a research report on Tuesday, October 23rd. Credit Suisse Group reissued a “buy” rating on shares of Alphabet in a research report on Friday, October 26th. JMP Securities reissued a “buy” rating on shares of Alphabet in a research report on Monday, November 19th. Finally, Morgan Stanley reissued a “buy” rating on shares of Alphabet in a research report on Wednesday, September 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $1,301.81.

Shares of NASDAQ:GOOG opened at $1,068.73 on Friday. Alphabet Inc has a 12-month low of $980.64 and a 12-month high of $1,273.89. The company has a market cap of $731.24 billion, a PE ratio of 23.65 and a beta of 1.15. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.14 and a quick ratio of 4.10.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, October 25th. The information services provider reported $13.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this piece of content on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The legal version of this piece of content can be read at https://transcriptdaily.com/2018/12/07/alphabet-inc-goog-holdings-lifted-by-rathbone-brothers-plc.html.

Alphabet 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.

Further Reading: What are the Benefits of Index Funds?

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc (NASDAQ:GOOG).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply