Google Inc (NASDAQ:GOOG) Institutional Investors Sentiment Index Flat in Q3 2017

Shares of Alphabet Inc (GOOG) traded up $2.91 during trading on Thursday, hitting $1,105.52.

A number of brokerages recently weighed in on GOOGL. Bank of America reiterated a "buy" rating and set a $1,100.00 price objective on shares of Alphabet in a report on Tuesday, September 26th. Morgan Stanley reiterated a "buy" rating on shares of Alphabet in a research report on Friday, September 29th. SunTrust Banks restated a "buy" rating and set a $1,250.00 price target on shares of Alphabet in a report on Friday. Alphabet makes up about 1.7% of Saratoga Research & Investment Management's holdings, making the stock its 26th biggest holding. Finally, Robert W. Baird reiterated a "buy" rating and issued a $1,150.00 price objective on shares of Alphabet in a report on Tuesday, January 2nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, thirty-seven have issued a buy rating and one has issued a strong buy rating to the company's stock. The company now has an average rating of "Buy" and a consensus target price of $960.18. The firm has a market cap of $769,050.00, a PE ratio of 36.98, a price-to-earnings-growth ratio of 1.45 and a beta of 0.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $8.31 by $1.26. The company had revenue of $27.77 billion for the quarter, compared to analyst estimates of $27.17 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The company's revenue for the quarter was up 22.2% on a year-over-year basis.

In related news, VP James Grier Campbell sold 253 shares of the stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $1,065.21, for a total transaction of $4,260,840.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

In other Alphabet news, CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $1,017.21, for a total transaction of $38,653.98. The disclosure for this sale can be found here. Following the completion of the transaction, the director now owns 1,805 shares of the company's stock, valued at $1,836,064.05. Insiders own 13.92% of the company's stock.

A number of other institutional investors and hedge funds have also recently made changes to their positions in GOOGL. Signature Estate & Investment Advisors LLC increased its stake in Alphabet by 3.8% in the second quarter. Janus Henderson Group PLC now owns 3,204,087 shares of the information services provider's stock worth $2,911,734,000 after acquiring an additional 2,831,099 shares during the period. BKS Advisors LLC's holdings in Alphabet were worth $2,728,000 as of its most recent filing with the SEC. Harbour Capital Advisors LLC now owns 1,993,754 shares of the information services provider's stock worth $2,194,000 after acquiring an additional 1,991,465 shares during the period. Camelot Portfolios LLC bought a new stake in shares of Alphabet in the second quarter worth $211,000. Almanack Investment Partners LLC. now owns 162 shares of the information services provider's stock valued at $147,000 after purchasing an additional 7 shares in the last quarter.

Grand Jean Capital Management Inc holds 5.54% of its portfolio in Alphabet Inc. for 16,101 shares. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider's stock worth $124,000 after purchasing an additional 5 shares in the last quarter. The Oregon-based Mengis Capital Management Inc. has invested 2.47% in the stock. Pathstone Family Office LLC now owns 222 shares of the company's stock worth $154,000 after buying an additional 15 shares during the last quarter.

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