Strategic Blueprint LLC Takes Position in Alphabet Inc (NASDAQ:GOOG)

Strategic Blueprint LLC purchased a new stake in Alphabet Inc (NASDAQ:GOOG) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 505 shares of the information services provider’s stock, valued at approximately $742,000.

Several other institutional investors have also added to or reduced their stakes in GOOG. State Street Corp raised its holdings in shares of Alphabet by 0.8% in the first quarter. State Street Corp now owns 11,814,026 shares of the information services provider’s stock valued at $13,737,468,000 after buying an additional 98,084 shares during the last quarter. APG Asset Management N.V. raised its holdings in shares of Alphabet by 6.1% in the first quarter. APG Asset Management N.V. now owns 359,571 shares of the information services provider’s stock valued at $418,113,000 after buying an additional 20,631 shares during the last quarter. Modus Advisors LLC raised its holdings in shares of Alphabet by 12.1% in the second quarter. Modus Advisors LLC now owns 1,136 shares of the information services provider’s stock valued at $1,606,000 after buying an additional 123 shares during the last quarter. Smithbridge Asset Management Inc. DE increased its position in Alphabet by 22.5% in the second quarter. Smithbridge Asset Management Inc. DE now owns 1,069 shares of the information services provider’s stock worth $1,511,000 after purchasing an additional 196 shares during the period. Finally, First Financial Bank Trust Division increased its position in Alphabet by 2.8% in the second quarter. First Financial Bank Trust Division now owns 546 shares of the information services provider’s stock worth $771,000 after purchasing an additional 15 shares during the period. 32.42% of the stock is owned by institutional investors and hedge funds.

In other news, Director Ann Mather sold 22 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $1,484.27, for a total transaction of $32,653.94. Following the sale, the director now owns 1,134 shares in the company, valued at approximately $1,683,162.18. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John L. Hennessy sold 60 shares of the company’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $1,473.43, for a total value of $88,405.80. Following the sale, the director now owns 548 shares in the company, valued at approximately $807,439.64. The disclosure for this sale can be found here. Insiders sold a total of 142 shares of company stock worth $213,357 in the last 90 days. Company insiders own 12.99% of the company’s stock.

GOOG has been the subject of a number of research reports. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Alphabet in a research report on Wednesday, October 21st. UBS Group reiterated a “buy” rating and issued a $1,970.00 price objective (up from $1,600.00) on shares of Alphabet in a research report on Tuesday, August 25th. The Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a research report on Thursday, October 22nd. Royal Bank of Canada reiterated a “buy” rating on shares of Alphabet in a research report on Friday, July 31st. Finally, Raymond James lifted their price objective on Alphabet from $1,425.00 to $1,700.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Three investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $1,720.45.

Shares of GOOG opened at $1,567.24 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.40 and a current ratio of 3.41. The stock has a 50 day simple moving average of $1,516.08 and a 200 day simple moving average of $1,465.28. Alphabet Inc has a 52-week low of $1,013.54 and a 52-week high of $1,733.18. The firm has a market capitalization of $1,065.98 billion, a PE ratio of 34.47, a P/E/G ratio of 2.11 and a beta of 1.10.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, October 29th. The information services provider reported $16.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $11.35 by $5.05. The business had revenue of $46.17 billion during the quarter, compared to analyst estimates of $42.84 billion. Alphabet had a return on equity of 15.62% and a net margin of 18.99%. Alphabet’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $10.12 EPS. Equities research analysts predict that Alphabet Inc will post 44.93 EPS for the current fiscal year.

Alphabet Company Profile

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.

Further Reading: What is the Difference Between Common Shares and Convertible Shares?

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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