BB&T Corp increased its position in Alphabet Inc (NASDAQ:GOOG) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,048 shares of the information services provider’s stock after buying an additional 448 shares during the period. BB&T Corp’s holdings in Alphabet were worth $31,293,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of GOOG. HC Financial Advisors Inc. bought a new position in Alphabet in the 4th quarter valued at about $1,156,000. Geode Capital Management LLC lifted its position in shares of Alphabet by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 3,357,642 shares of the information services provider’s stock worth $3,506,398,000 after buying an additional 105,985 shares in the last quarter. WINTON GROUP Ltd bought a new position in shares of Alphabet during the 4th quarter worth approximately $290,000. Edge Advisors LLC lifted its position in shares of Alphabet by 3.3% during the 4th quarter. Edge Advisors LLC now owns 3,994 shares of the information services provider’s stock worth $4,177,000 after buying an additional 127 shares in the last quarter. Finally, Polaris Greystone Financial Group LLC lifted its position in shares of Alphabet by 179.7% during the 4th quarter. Polaris Greystone Financial Group LLC now owns 870 shares of the information services provider’s stock worth $911,000 after buying an additional 559 shares in the last quarter. Institutional investors own 34.18% of the company’s stock.
GOOG opened at $1,148.97 on Tuesday. The firm has a market cap of $830.59 billion, a PE ratio of 29.15 and a beta of 1.11. The company has a quick ratio of 4.13, a current ratio of 4.15 and a debt-to-equity ratio of 0.02. Alphabet Inc has a one year low of $960.52 and a one year high of $1,273.89.
Several research firms have commented on GOOG. BidaskClub raised shares of Alphabet from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 26th. Raymond James restated an “outperform” rating and set a $1,405.00 price target (up previously from $1,240.00) on shares of Alphabet in a research note on Tuesday, July 24th. Royal Bank of Canada raised their price target on shares of Alphabet from $1,285.00 to $1,400.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 24th. Nomura restated a “buy” rating on shares of Alphabet in a research note on Tuesday, July 24th. Finally, Stifel Nicolaus restated a “buy” rating on shares of Alphabet in a research note on Tuesday, July 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $1,311.71.
In other news, Director L John Doerr sold 10,262 shares of Alphabet stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $1,218.20, for a total transaction of $12,501,168.40. Following the completion of the sale, the director now directly owns 3,485 shares of the company’s stock, valued at approximately $4,245,427. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 10,000 shares of the business’s stock in a transaction on Wednesday, July 18th. The stock was sold at an average price of $1,198.47, for a total transaction of $11,984,700.00. Following the completion of the sale, the chief executive officer now directly owns 574 shares of the company’s stock, valued at $687,921.78. The disclosure for this sale can be found here. Insiders have sold a total of 88,370 shares of company stock valued at $106,307,067 over the last ninety days. 13.11% of the stock is currently owned by insiders.
Alphabet Company 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.
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