Scotia Capital Inc. Has $49.15 Million Position in Alphabet Inc Class C (NASDAQ:GOOG)

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Scotia Capital Inc. raised its stake in Alphabet Inc Class C (NASDAQ:GOOG) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,961 shares of the information services provider’s stock after purchasing an additional 1,271 shares during the period. Scotia Capital Inc.’s holdings in Alphabet Inc Class C were worth $49,145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Signaturefd LLC raised its position in Alphabet Inc Class C by 10.1% in the 4th quarter. Signaturefd LLC now owns 1,069 shares of the information services provider’s stock valued at $1,119,000 after purchasing an additional 98 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Alphabet Inc Class C by 73.8% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 428,863 shares of the information services provider’s stock worth $448,762,000 after acquiring an additional 182,128 shares in the last quarter. Truewealth LLC acquired a new stake in shares of Alphabet Inc Class C during the 4th quarter worth about $741,000. Parallel Advisors LLC raised its position in shares of Alphabet Inc Class C by 2.8% during the 4th quarter. Parallel Advisors LLC now owns 3,795 shares of the information services provider’s stock worth $3,971,000 after acquiring an additional 104 shares in the last quarter. Finally, ETRADE Capital Management LLC raised its position in shares of Alphabet Inc Class C by 5.0% during the 4th quarter. ETRADE Capital Management LLC now owns 6,326 shares of the information services provider’s stock worth $6,620,000 after acquiring an additional 299 shares in the last quarter. 34.22% of the stock is currently owned by institutional investors.

Shares of Alphabet Inc Class C traded down $4.53, hitting $1,134.79, during midday trading on Wednesday, MarketBeat reports. The company had a trading volume of 1,489,992 shares, compared to its average volume of 1,806,627. Alphabet Inc Class C has a 52-week low of $894.79 and a 52-week high of $1,186.89. The company has a market capitalization of $785.28 billion, a P/E ratio of 35.41 and a beta of 1.10. The company has a current ratio of 4.87, a quick ratio of 4.85 and a debt-to-equity ratio of 0.02.

Alphabet Inc Class C (NASDAQ:GOOG) last announced its earnings results on Monday, April 23rd. The information services provider reported $9.93 earnings per share for the quarter, beating the consensus estimate of $9.28 by $0.65. Alphabet Inc Class C had a return on equity of 15.58% and a net margin of 14.19%. The company had revenue of $31.15 billion for the quarter, compared to the consensus estimate of $30.28 billion. During the same period last year, the business posted $7.73 EPS. The company’s revenue was up 25.8% on a year-over-year basis.

In related news, Director Ann Mather sold 37 shares of Alphabet Inc Class C stock in a transaction that occurred on Wednesday, May 2nd. The stock was sold at an average price of $1,028.10, for a total value of $38,039.70. Following the sale, the director now directly owns 1,854 shares in the company, valued at $1,906,097.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 4,000 shares of Alphabet Inc Class C stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $993.80, for a total value of $3,975,200.00. Following the completion of the sale, the chief executive officer now owns 940 shares in the company, valued at $934,172. The disclosure for this sale can be found here. Insiders sold a total of 59,091 shares of company stock worth $64,068,776 over the last quarter. Company insiders own 13.11% of the company’s stock.

Several equities research analysts have recently weighed in on GOOG shares. Vetr raised Alphabet Inc Class C from a “hold” rating to a “buy” rating and set a $1,172.75 target price on the stock in a research report on Monday, March 19th. Morgan Stanley reissued a “buy” rating on shares of Alphabet Inc Class C in a research report on Friday, May 18th. Credit Suisse Group reissued a “buy” rating on shares of Alphabet Inc Class C in a research report on Friday, April 20th. Pivotal Research cut their target price on Alphabet Inc Class C from $1,110.00 to $1,040.00 and set a “hold” rating on the stock in a research report on Monday, April 2nd. Finally, BidaskClub lowered Alphabet Inc Class C from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 21st. Six equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. Alphabet Inc Class C currently has a consensus rating of “Buy” and a consensus price target of $1,128.30.

Alphabet Inc Class C 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.

Institutional Ownership by Quarter for Alphabet Inc Class C (NASDAQ:GOOG)

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