Alphabet Inc. (NASDAQ:GOOG) Stock Holdings Raised by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its position in Alphabet Inc. (NASDAQ:GOOGGet Rating) by 3.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 363,873 shares of the information services provider’s stock after buying an additional 10,434 shares during the quarter. Alphabet makes up approximately 0.9% of Victory Capital Management Inc.’s portfolio, making the stock its 5th biggest holding. Victory Capital Management Inc. owned approximately 0.06% of Alphabet worth $922,293,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Shilanski & Associates Inc. raised its stake in Alphabet by 1.8% in the first quarter. Shilanski & Associates Inc. now owns 450 shares of the information services provider’s stock valued at $1,257,000 after purchasing an additional 8 shares in the last quarter. Minot Wealth Management LLC grew its position in Alphabet by 3.9% during the first quarter. Minot Wealth Management LLC now owns 721 shares of the information services provider’s stock valued at $2,014,000 after acquiring an additional 27 shares during the last quarter. Thomasville National Bank grew its position in Alphabet by 2.0% during the first quarter. Thomasville National Bank now owns 13,586 shares of the information services provider’s stock valued at $37,946,000 after acquiring an additional 261 shares during the last quarter. Mcrae Capital Management Inc. grew its position in Alphabet by 6.7% during the first quarter. Mcrae Capital Management Inc. now owns 111 shares of the information services provider’s stock valued at $310,000 after acquiring an additional 7 shares during the last quarter. Finally, InTrack Investment Management Inc grew its position in Alphabet by 23.7% during the first quarter. InTrack Investment Management Inc now owns 919 shares of the information services provider’s stock valued at $2,568,000 after acquiring an additional 176 shares during the last quarter. 31.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on GOOG shares. Raymond James reduced their price target on shares of Alphabet from $159.00 to $143.00 in a research report on Wednesday. The Goldman Sachs Group set a $150.00 price target on shares of Alphabet in a research report on Wednesday. Itau BBA Securities began coverage on shares of Alphabet in a report on Tuesday. They issued a “market perform” rating on the stock. Canaccord Genuity Group cut their target price on shares of Alphabet from $175.00 to $165.00 and set a “buy” rating on the stock in a report on Wednesday, April 27th. Finally, Credit Suisse Group set a $143.00 target price on shares of Alphabet in a report on Tuesday, July 19th. One equities research analyst has rated the stock with a hold rating and thirty-three have given a buy rating to the company. Based on data from MarketBeat.com, Alphabet has a consensus rating of “Moderate Buy” and an average price target of $157.08.

Alphabet Stock Up 7.7 %

Shares of GOOG opened at $113.60 on Thursday. The stock has a market capitalization of $1.50 trillion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 1.13 and a beta of 1.10. Alphabet Inc. has a 1 year low of $102.21 and a 1 year high of $152.10. The business’s 50 day simple moving average is $155.11 and its 200-day simple moving average is $139.55. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.87 and a quick ratio of 2.85.

Alphabet (NASDAQ:GOOGGet Rating) last issued its quarterly earnings data on Tuesday, July 26th. The information services provider reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $26.24 by ($25.03). Alphabet had a return on equity of 30.18% and a net margin of 27.57%. During the same period in the previous year, the firm earned $27.26 EPS. As a group, equities analysts expect that Alphabet Inc. will post 5.37 earnings per share for the current fiscal year.

Insider Transactions at Alphabet

In related news, Director Ann Mather sold 20 shares of the stock in a transaction on Monday, June 27th. The stock was sold at an average price of $2,383.32, for a total transaction of $47,666.40. Following the sale, the director now owns 565 shares in the company, valued at approximately $1,346,575.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Alphabet news, major shareholder 2021 Gp L.L.C. Gv acquired 255,647 shares of the business’s stock in a transaction on Tuesday, May 10th. The shares were bought at an average price of $34.65 per share, with a total value of $8,858,168.55. Following the transaction, the insider now directly owns 479,695 shares of the company’s stock, valued at approximately $16,621,431.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann Mather sold 20 shares of the company’s stock in a transaction on Monday, June 27th. The shares were sold at an average price of $2,383.32, for a total value of $47,666.40. Following the completion of the transaction, the director now directly owns 565 shares in the company, valued at approximately $1,346,575.80. The disclosure for this sale can be found here. Insiders have sold 6,039 shares of company stock valued at $12,649,005 in the last ninety days. Corporate insiders own 12.99% of the company’s stock.

Alphabet Company Profile

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

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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