Broad Run Investment Management LLC raised its position in Alphabet Inc (NASDAQ:GOOG) by 1.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 144,957 shares of the information services provider’s stock after acquiring an additional 2,477 shares during the quarter. Alphabet makes up about 4.6% of Broad Run Investment Management LLC’s investment portfolio, making the stock its 11th largest holding. Broad Run Investment Management LLC’s holdings in Alphabet were worth $131,727,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Perennial Advisors LLC lifted its stake in shares of Alphabet by 8.7% during the 2nd quarter. Perennial Advisors LLC now owns 3,232 shares of the information services provider’s stock worth $2,937,000 after buying an additional 260 shares during the last quarter. One Capital Management LLC raised its stake in Alphabet by 5.0% in the 2nd quarter. One Capital Management LLC now owns 3,213 shares of the information services provider’s stock worth $2,920,000 after purchasing an additional 154 shares in the last quarter. Doyle Wealth Management raised its stake in Alphabet by 6.7% in the 2nd quarter. Doyle Wealth Management now owns 3,182 shares of the information services provider’s stock worth $2,891,000 after purchasing an additional 200 shares in the last quarter. Northeast Investment Management raised its stake in Alphabet by 4.4% in the 2nd quarter. Northeast Investment Management now owns 12,678 shares of the information services provider’s stock worth $11,521,000 after purchasing an additional 537 shares in the last quarter. Finally, Taurus Asset Management LLC raised its stake in Alphabet by 0.9% in the 2nd quarter. Taurus Asset Management LLC now owns 25,960 shares of the information services provider’s stock worth $23,591,000 after purchasing an additional 220 shares in the last quarter. Hedge funds and other institutional investors own 34.74% of the company’s stock.

In other Alphabet news, VP James Grier Campbell sold 183 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $959.26, for a total transaction of $175,544.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ann Mather sold 38 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $959.26, for a total transaction of $36,451.88. Following the sale, the director now directly owns 1,797 shares in the company, valued at $1,723,790.22. The disclosure for this sale can be found here. Insiders have sold a total of 36,900 shares of company stock worth $36,837,100 over the last ninety days. 13.92% of the stock is currently owned by insiders.

Shares of Alphabet Inc (NASDAQ:GOOG) opened at $1,041.10 on Tuesday. The stock has a market cap of $720,543.44, a P/E ratio of 34.72 and a beta of 0.93. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03. Alphabet Inc has a 1-year low of $770.41 and a 1-year high of $1,062.38.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating the 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 firm’s revenue was up 23.7% on a year-over-year basis. During the same period in the previous year, the firm posted $9.06 EPS.

GOOG has been the subject of several analyst reports. Morgan Stanley reiterated a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. BidaskClub upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Goldman Sachs Group reiterated a “buy” rating on shares of Alphabet in a research note on Friday, October 20th. Wells Fargo & Company reiterated a “buy” rating on shares of Alphabet in a research note on Friday, October 6th. Finally, Vetr cut shares of Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,031.46 price objective for the company. in a research note on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $1,047.45.

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Alphabet Company Profile

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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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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