Harbour Capital Advisors LLC Takes Position in Alphabet Inc. (GOOG)

Harbour Capital Advisors LLC Takes Position in Alphabet Inc. (GOOG)

Harbour Capital Advisors LLC bought a new stake in shares of Alphabet Inc. (NASDAQ:GOOG) during the second quarter, Holdings Channel reports. The firm bought 1,589 shares of the company’s stock, valued at approximately $1,100,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Mesirow Financial Investment Management Equity Management purchased a new position in Alphabet during the second quarter valued at $121,000. Whitnell & Co. raised its position in shares of Alphabet by 20.6% in the second quarter. Whitnell & Co. now owns 187 shares of the company’s stock valued at $129,000 after buying an additional 32 shares in the last quarter. D. Scott Neal Inc. raised its position in shares of Alphabet by 2,000.0% in the second quarter. D. Scott Neal Inc. now owns 210 shares of the company’s stock valued at $145,000 after buying an additional 200 shares in the last quarter. Pathstone Family Office LLC raised its position in shares of Alphabet by 7.2% in the second quarter. Pathstone Family Office LLC now owns 222 shares of the company’s stock valued at $154,000 after buying an additional 15 shares in the last quarter. Finally, Cacti Asset Management LLC bought a new position in shares of Alphabet during the second quarter valued at approximately $159,000. Institutional investors own 34.41% of the company’s stock.

Shares of Alphabet Inc. (NASDAQ:GOOG) opened at 754.02 on Monday. Alphabet Inc. has a 1-year low of $663.06 and a 1-year high of $816.68. The company has a market cap of $519.70 billion, a price-to-earnings ratio of 27.60 and a beta of 1.01. The firm’s 50-day moving average is $782.97 and its 200 day moving average is $747.58.

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

GOOG has been the topic of several recent analyst reports. Cantor Fitzgerald restated a “buy” rating on shares of Alphabet in a report on Friday, July 29th. RBC Capital Markets restated an “outperform” rating and issued a $1,025.00 price objective (up from $1,000.00) on shares of Alphabet in a report on Friday, September 30th. Deutsche Bank AG restated a “buy” rating and issued a $1,050.00 price objective on shares of Alphabet in a report on Wednesday, October 12th. SunTrust Banks Inc. restated a “buy” rating and issued a $900.00 price objective (up from $850.00) on shares of Alphabet in a report on Sunday, July 31st. Finally, Credit Agricole SA reaffirmed a “buy” rating and set a $990.00 target price (up from $970.00) on shares of Alphabet in a research note on Sunday, July 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-three have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $940.76.

In related news, Director Ann Mather sold 43 shares of the business’s stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $773.49, for a total value of $33,260.07. Following the completion of the sale, the director now directly owns 1,656 shares in the company, valued at approximately $1,280,899.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sergey Brin sold 33,340 shares of the business’s stock in a transaction on Friday, November 4th. The shares were sold at an average price of $773.93, for a total value of $25,802,826.20. Following the completion of the sale, the insider now owns 16,670 shares of the company’s stock, valued at $12,901,413.10. The disclosure for this sale can be found here. Company insiders own 13.92% of the company’s stock.

Alphabet Company Profile

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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