Alphabet Inc (GOOG) Holdings Raised by Weatherly Asset Management L. P.

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Weatherly Asset Management L. P. boosted its position in shares of Alphabet Inc (NASDAQ:GOOG) by 11.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,865 shares of the information services provider’s stock after purchasing an additional 185 shares during the period. Weatherly Asset Management L. P.’s holdings in Alphabet were worth $2,226,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in GOOG. Trust Co. of Virginia VA lifted its position in Alphabet by 7.2% during the second quarter. Trust Co. of Virginia VA now owns 614 shares of the information services provider’s stock worth $685,000 after acquiring an additional 41 shares during the last quarter. Good Life Advisors LLC lifted its position in Alphabet by 8.7% during the second quarter. Good Life Advisors LLC now owns 526 shares of the information services provider’s stock worth $580,000 after acquiring an additional 42 shares during the last quarter. Lakeview Capital Partners LLC lifted its position in Alphabet by 11.0% during the second quarter. Lakeview Capital Partners LLC now owns 423 shares of the information services provider’s stock worth $472,000 after acquiring an additional 42 shares during the last quarter. Belpointe Asset Management LLC lifted its position in Alphabet by 2.1% during the second quarter. Belpointe Asset Management LLC now owns 2,099 shares of the information services provider’s stock worth $2,342,000 after acquiring an additional 43 shares during the last quarter. Finally, Evermay Wealth Management LLC lifted its position in Alphabet by 10.1% during the second quarter. Evermay Wealth Management LLC now owns 478 shares of the information services provider’s stock worth $533,000 after acquiring an additional 44 shares during the last quarter. Hedge funds and other institutional investors own 34.02% of the company’s stock.

Several equities research analysts have issued reports on GOOG shares. Morningstar restated a “buy” rating on shares of Alphabet in a research report on Thursday, October 25th. Barclays reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, October 26th. Credit Suisse Group reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, October 26th. Canaccord Genuity lowered their target price on shares of Alphabet from $1,170.00 to $1,140.00 and set a “hold” rating on the stock in a report on Friday, October 26th. Finally, Wells Fargo & Co reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, October 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $1,327.66.

Shares of NASDAQ GOOG traded down $16.83 during midday trading on Thursday, reaching $1,096.97. 1,415,108 shares of the company were exchanged, compared to its average volume of 1,520,049. The stock has a market cap of $777.61 billion, a PE ratio of 23.54 and a beta of 1.06. Alphabet Inc has a one year low of $970.11 and a one year high of $1,273.89. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.89 and a current ratio of 3.92.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Monday, February 4th. The information services provider reported $12.77 earnings per share for the quarter, topping analysts’ consensus estimates of $10.86 by $1.91. The firm had revenue of $39.28 billion for the quarter, compared to analysts’ expectations of $38.91 billion. Alphabet had a net margin of 22.47% and a return on equity of 19.94%. The company’s revenue was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $9.70 earnings per share.

In other news, VP Amie Thuener O’toole sold 89 shares of Alphabet stock in a transaction on Monday, February 4th. The shares were sold at an average price of $1,112.66, for a total transaction of $99,026.74. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ann Mather sold 194 shares of Alphabet stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $1,120.68, for a total transaction of $217,411.92. Following the transaction, the director now owns 1,797 shares in the company, valued at approximately $2,013,861.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 51,897 shares of company stock worth $54,565,299. 13.11% of the stock is owned by company insiders.

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Alphabet 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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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