Flagship Harbor Advisors LLC Has $17.30 Million Stock Position in Alphabet Inc. (NASDAQ:GOOG)

Flagship Harbor Advisors LLC increased its position in Alphabet Inc. (NASDAQ:GOOG) by 3.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,821 shares of the information services provider’s stock after purchasing an additional 2,654 shares during the period. Alphabet makes up 0.9% of Flagship Harbor Advisors LLC’s investment portfolio, making the stock its 21st largest holding. Flagship Harbor Advisors LLC’s holdings in Alphabet were worth $17,296,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in GOOG. Insight Inv LLC boosted its position in shares of Alphabet by 46.8% during the fourth quarter. Insight Inv LLC now owns 2,759 shares of the information services provider’s stock valued at $525,000 after buying an additional 879 shares during the last quarter. Running Oak Capital LLC boosted its holdings in Alphabet by 3.4% during the 4th quarter. Running Oak Capital LLC now owns 83,414 shares of the information services provider’s stock worth $15,885,000 after acquiring an additional 2,763 shares during the last quarter. B.O.S.S. Retirement Advisors LLC grew its stake in shares of Alphabet by 560.3% in the 4th quarter. B.O.S.S. Retirement Advisors LLC now owns 9,172 shares of the information services provider’s stock worth $1,747,000 after acquiring an additional 7,783 shares in the last quarter. Grange Capital LLC purchased a new stake in shares of Alphabet in the fourth quarter valued at about $712,000. Finally, AEGON ASSET MANAGEMENT UK Plc lifted its position in shares of Alphabet by 35.3% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,084,751 shares of the information services provider’s stock valued at $206,569,000 after purchasing an additional 283,159 shares in the last quarter. 27.26% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Stock Down 4.1 %

Shares of NASDAQ:GOOG opened at $193.64 on Tuesday. The firm has a market capitalization of $2.37 trillion, a PE ratio of 25.68, a price-to-earnings-growth ratio of 1.27 and a beta of 0.99. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.95 and a current ratio of 1.95. Alphabet Inc. has a 52-week low of $131.55 and a 52-week high of $203.84. The firm has a fifty day moving average of $187.95 and a 200 day moving average of $175.08.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The firm had revenue of $88.27 billion during the quarter, compared to analysts’ expectations of $86.39 billion. Alphabet had a return on equity of 31.66% and a net margin of 27.74%. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.55 EPS. As a group, research analysts anticipate that Alphabet Inc. will post 8.02 EPS for the current fiscal year.

Insider Activity

In other news, CEO Sundar Pichai sold 22,500 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $177.36, for a total transaction of $3,990,600.00. Following the completion of the sale, the chief executive officer now directly owns 2,084,306 shares in the company, valued at approximately $369,672,512.16. This represents a 1.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Amie Thuener O’toole sold 1,367 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $171.42, for a total value of $234,331.14. Following the transaction, the chief accounting officer now owns 26,349 shares in the company, valued at approximately $4,516,745.58. This represents a 4.93 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 133,387 shares of company stock valued at $24,368,654. 12.99% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

GOOG has been the subject of a number of recent analyst reports. Phillip Securities raised shares of Alphabet to a “strong-buy” rating in a research report on Friday, November 1st. Pivotal Research increased their price target on Alphabet from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Barclays boosted their price objective on Alphabet from $200.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Citigroup raised their target price on Alphabet from $212.00 to $216.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, Oppenheimer boosted their price target on shares of Alphabet from $185.00 to $215.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $205.13.

Alphabet Profile

Alphabet Inc offers 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 provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.