Todays Report: Today, Alphabet Inc. (GOOG) is Capital Impact Advisors LLC’s 2nd Largest Position

Today, Alphabet Inc. (GOOG) is Capital Impact Advisors LLC’s 2nd Largest Position

Capital Impact Advisors LLC maintained its stake in Alphabet Inc. (NASDAQ:GOOG) during the third quarter, Holdings Channel reports. The firm owned 4,627 shares of the company’s stock at the end of the third quarter. Alphabet accounts for about 1.6% of Capital Impact Advisors LLC’s holdings, making the stock its 2nd largest position. Capital Impact Advisors LLC’s holdings in Alphabet were worth $3,597,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Retirement Planning Group raised its stake in shares of Alphabet by 1.5% in the first quarter. Retirement Planning Group now owns 330 shares of the company’s stock valued at $246,000 after buying an additional 5 shares in the last quarter. Wealthsource Partners LLC acquired a new stake in shares of Alphabet during the first quarter valued at about $448,000. Zurich Insurance Group Ltd FI raised its stake in shares of Alphabet by 9.2% in the first quarter. Zurich Insurance Group Ltd FI now owns 43,043 shares of the company’s stock valued at $32,065,000 after buying an additional 3,610 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Alphabet by 1.3% in the first quarter. Envestnet Asset Management Inc. now owns 57,586 shares of the company’s stock valued at $42,899,000 after buying an additional 738 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of Alphabet by 44.9% in the first quarter. Jacobs Levy Equity Management Inc. now owns 146,802 shares of the company’s stock valued at $109,360,000 after buying an additional 45,504 shares in the last quarter. 34.46% of the stock is owned by institutional investors and hedge funds.

Shares of Alphabet Inc. (NASDAQ:GOOG) traded up 0.09% during mid-day trading on Friday, reaching $761.68. The company’s stock had a trading volume of 587,421 shares. The firm’s 50-day moving average price is $778.78 and its 200 day moving average price is $751.79. Alphabet Inc. has a 12-month low of $663.06 and a 12-month high of $816.68. The firm has a market cap of $524.98 billion, a P/E ratio of 27.88 and a beta of 1.01.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, October 27th. The company reported $9.06 EPS for the quarter, topping the Zacks’ consensus estimate of $8.62 by $0.44. Alphabet had a return on equity of 15.08% and a net margin of 22.29%. The company earned $22.45 billion during the quarter, compared to analysts’ expectations of $13.17 billion. During the same quarter in the previous year, the firm posted $7.35 EPS. The firm’s revenue was up 20.2% compared to the same quarter last year. On average, analysts expect that Alphabet Inc. will post $34.42 EPS for the current year.

GOOG has been the subject of several research analyst reports. reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, September 23rd. Deutsche Bank AG reaffirmed a “buy” rating and set a $1,050.00 target price on shares of Alphabet in a research report on Wednesday, October 12th. Macquarie reaffirmed an “outperform” rating and set a $975.00 target price on shares of Alphabet in a research report on Wednesday, October 5th. RBC Capital Markets reissued an “outperform” rating and issued a $1,025.00 price objective (up previously from $1,000.00) on shares of Alphabet in a report on Friday, September 30th. Finally, Jefferies Group reissued a “buy” rating on shares of Alphabet in a report on Friday, September 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and forty-four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $940.42.

In other Alphabet news, Director Ann Mather sold 43 shares of Alphabet stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $773.49, for a total transaction of $33,260.07. Following the completion of the sale, the director now owns 1,656 shares of the company’s stock, valued at approximately $1,280,899.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Lawrence Page sold 16,670 shares of Alphabet stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $827.79, for a total value of $13,799,259.30. Following the sale, the chief executive officer now directly owns 105,670 shares of the company’s stock, valued at approximately $87,472,569.30. The disclosure for this sale can be found here. Company insiders own 13.92% of the company’s stock.

About Alphabet

Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.

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