Noesis Capital Mangement Corp Has $11.64 Million Stock Position in Alphabet Inc (NASDAQ:GOOG)

Noesis Capital Mangement Corp boosted its stake in Alphabet Inc (NASDAQ:GOOG) by 1.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,772 shares of the information services provider’s stock after buying an additional 203 shares during the period. Alphabet accounts for 4.0% of Noesis Capital Mangement Corp’s portfolio, making the stock its 7th biggest holding. Noesis Capital Mangement Corp’s holdings in Alphabet were worth $11,644,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in GOOG. Oregon Public Employees Retirement Fund lifted its holdings in Alphabet by 102,010.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 56,224,303 shares of the information services provider’s stock valued at $54,000 after acquiring an additional 56,169,241 shares during the last quarter. Lunia Capital LP lifted its holdings in Alphabet by 135,522.5% in the 4th quarter. Lunia Capital LP now owns 16,870,086 shares of the information services provider’s stock valued at $16,870,000 after acquiring an additional 16,857,647 shares during the last quarter. Investec Asset Management LTD lifted its holdings in Alphabet by 2,660.9% in the 2nd quarter. Investec Asset Management LTD now owns 648,507 shares of the information services provider’s stock valued at $19,478,000 after acquiring an additional 625,018 shares during the last quarter. PenderFund Capital Management Ltd. lifted its holdings in Alphabet by 127,265.7% in the 2nd quarter. PenderFund Capital Management Ltd. now owns 445,780 shares of the information services provider’s stock valued at $4,906,000 after acquiring an additional 445,430 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in Alphabet by 129.3% in the 4th quarter. Nordea Investment Management AB now owns 723,309 shares of the information services provider’s stock valued at $755,828,000 after acquiring an additional 407,812 shares during the last quarter. Hedge funds and other institutional investors own 34.00% of the company’s stock.

Shares of NASDAQ GOOG traded down $3.64 during mid-day trading on Thursday, reaching $1,187.61. The company had a trading volume of 32,551 shares, compared to its average volume of 1,721,836. The stock has a fifty day moving average of $1,168.86 and a two-hundred day moving average of $1,155.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.96 and a current ratio of 3.98. The company has a market capitalization of $831.00 billion, a price-to-earnings ratio of 24.93, a PEG ratio of 1.31 and a beta of 0.96. Alphabet Inc has a 12-month low of $970.11 and a 12-month high of $1,289.27.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, July 25th. The information services provider reported $14.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.49 by $2.72. The business had revenue of $38.94 billion during the quarter, compared to analyst estimates of $38.21 billion. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. The firm’s revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $11.75 earnings per share. Sell-side analysts forecast that Alphabet Inc will post 52.1 earnings per share for the current fiscal year.

A number of equities research analysts have weighed in on GOOG shares. UBS Group reissued a “buy” rating on shares of Alphabet in a report on Friday, July 26th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Alphabet in a research note on Tuesday, July 23rd. Zacks Investment Research raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,372.00 price objective for the company in a research note on Wednesday, July 31st. BidaskClub raised shares of Alphabet from a “hold” rating to a “buy” rating in a research note on Saturday, July 13th. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of Alphabet in a research note on Tuesday, April 30th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $1,378.93.

In other news, Director John L. Hennessy sold 75 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $1,238.57, for a total value of $92,892.75. Following the completion of the sale, the director now directly owns 276 shares of the company’s stock, valued at $341,845.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John L. Hennessy sold 150 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $1,225.00, for a total transaction of $183,750.00. Following the completion of the sale, the director now directly owns 276 shares of the company’s stock, valued at $338,100. The disclosure for this sale can be found here. Insiders sold 2,123 shares of company stock valued at $2,553,758 over the last three months. 12.99% of the stock is owned by insiders.

Alphabet Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

Further Reading: Gross Domestic Product (GDP)

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc (NASDAQ:GOOG).

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.