HL Financial Services LLC Purchases 1,103 Shares of Alphabet Inc (GOOG)

HL Financial Services LLC lifted its position in Alphabet Inc (NASDAQ:GOOG) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 121,193 shares of the information services provider’s stock after buying an additional 1,103 shares during the quarter. Alphabet comprises 2.2% of HL Financial Services LLC’s investment portfolio, making the stock its 12th largest holding. HL Financial Services LLC’s holdings in Alphabet were worth $116,237,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Courier Capital LLC grew its stake in shares of Alphabet by 1,137.9% in the 3rd quarter. Courier Capital LLC now owns 7,551 shares of the information services provider’s stock valued at $7,242,000 after buying an additional 6,941 shares in the last quarter. FDx Advisors Inc. grew its stake in shares of Alphabet by 9.5% in the 3rd quarter. FDx Advisors Inc. now owns 11,214 shares of the information services provider’s stock valued at $10,755,000 after buying an additional 973 shares in the last quarter. Candriam Luxembourg S.C.A. grew its stake in shares of Alphabet by 17.2% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 28,074 shares of the information services provider’s stock valued at $26,926,000 after buying an additional 4,110 shares in the last quarter. YCG LLC grew its stake in shares of Alphabet by 31.3% in the 3rd quarter. YCG LLC now owns 16,169 shares of the information services provider’s stock valued at $15,482,000 after buying an additional 3,856 shares in the last quarter. Finally, Steginsky Capital LLC boosted its position in Alphabet by 1.6% during the third quarter. Steginsky Capital LLC now owns 15,165 shares of the information services provider’s stock worth $14,545,000 after purchasing an additional 245 shares during the period. 34.65% of the stock is owned by institutional investors and hedge funds.

GOOG has been the subject of a number of recent analyst reports. Morgan Stanley reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, October 20th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, October 6th. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $1,150.00 target price on shares of Alphabet in a research report on Thursday, October 19th. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirty-seven have given a buy rating and one has issued a strong buy rating to the company. Alphabet presently has an average rating of “Buy” and a consensus target price of $1,052.31.

In other news, Director L John Doerr sold 12,236 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $1,021.57, for a total value of $12,499,930.52. Following the completion of the sale, the director now directly owns 3,485 shares in the company, valued at $3,560,171.45. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ann Mather sold 38 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $1,017.21, for a total value of $38,653.98. Following the completion of the sale, the director now owns 1,805 shares of the company’s stock, valued at $1,836,064.05. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,900 shares of company stock valued at $38,411,507. 13.92% of the stock is currently owned by corporate insiders.

Alphabet Inc (NASDAQ:GOOG) opened at $1,137.51 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. Alphabet Inc has a 12 month low of $790.52 and a 12 month high of $1,139.91. The stock has a market capitalization of $797,830.00, a price-to-earnings ratio of 37.89 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $8.31 by $1.26. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The company had revenue of $27.77 billion during the quarter, compared to analyst estimates of $27.17 billion. During the same period last year, the company posted $9.06 earnings per share. The firm’s quarterly revenue was up 23.7% compared to the same quarter last year.

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Alphabet Company Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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