Boston Family Office LLC grew its position in Alphabet Inc. (NASDAQ:GOOG) by 5.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,840 shares of the information services provider’s stock after acquiring an additional 342 shares during the period. Boston Family Office LLC’s holdings in Alphabet were worth $6,216,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of GOOG. DUPONT CAPITAL MANAGEMENT Corp raised its stake in shares of Alphabet by 1.9% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 61,586 shares of the information services provider’s stock valued at $51,089,000 after acquiring an additional 1,125 shares during the last quarter. Wetherby Asset Management Inc. raised its position in Alphabet by 2.1% in the 1st quarter. Wetherby Asset Management Inc. now owns 3,311 shares of the information services provider’s stock worth $2,747,000 after purchasing an additional 68 shares during the last quarter. Perennial Advisors LLC raised its position in Alphabet by 1.9% in the 1st quarter. Perennial Advisors LLC now owns 2,972 shares of the information services provider’s stock worth $2,465,000 after purchasing an additional 54 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its position in Alphabet by 6.3% in the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 98,513 shares of the information services provider’s stock worth $81,722,000 after purchasing an additional 5,865 shares during the last quarter. Finally, Saratoga Research & Investment Management bought a new position in Alphabet in the 1st quarter worth approximately $211,000. Institutional investors own 34.28% of the company’s stock.
Several research firms recently weighed in on GOOG. Vetr upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,067.64 price objective for the company in a research report on Monday. Piper Jaffray Companies restated an “overweight” rating and issued a $1,050.00 price objective on shares of Alphabet in a research report on Wednesday, August 9th. BidaskClub cut shares of Alphabet from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. MKM Partners restated a “buy” rating and issued a $1,210.00 price objective (up previously from $1,170.00) on shares of Alphabet in a research report on Thursday, August 10th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirty-nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $1,047.52.
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Shares of Alphabet Inc. (GOOG) opened at $1,026.00 on Wednesday. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. The stock has a market cap of $712,692.13, a PE ratio of 34.34 and a beta of 0.95. Alphabet Inc. has a fifty-two week low of $737.02 and a fifty-two week high of $1,048.39.
Alphabet (NASDAQ:GOOG) last issued 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 analysts’ expectations of $27.17 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. Alphabet’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $9.06 EPS.
In related news, Director Ann Mather sold 37 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $940.67, for a total value of $34,804.79. Following the transaction, the director now owns 1,789 shares in the company, valued at approximately $1,682,858.63. The sale 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 the company’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $931.44, for a total transaction of $3,725,760.00. Following the completion of the transaction, the chief executive officer now owns 1,618 shares in the company, valued at approximately $1,507,069.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,158 shares of company stock worth $21,355,239. 13.92% of the stock is owned by insiders.
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.
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