Braun Stacey Associates Inc. increased its stake in Alphabet Inc (NASDAQ:GOOG) by 1.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,980 shares of the information services provider’s stock after acquiring an additional 198 shares during the quarter. Braun Stacey Associates Inc.’s holdings in Alphabet were worth $13,442,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Diversified Trust Co grew its holdings in shares of Alphabet by 0.7% during the third quarter. Diversified Trust Co now owns 1,508 shares of the information services provider’s stock worth $1,800,000 after buying an additional 10 shares in the last quarter. Bath Savings Trust Co boosted its position in shares of Alphabet by 4.1% during the 4th quarter. Bath Savings Trust Co now owns 256 shares of the information services provider’s stock valued at $265,000 after acquiring an additional 10 shares during the last quarter. Hemenway Trust Co LLC boosted its position in shares of Alphabet by 2.9% during the 4th quarter. Hemenway Trust Co LLC now owns 358 shares of the information services provider’s stock valued at $371,000 after acquiring an additional 10 shares during the last quarter. Vigilant Capital Management LLC boosted its position in shares of Alphabet by 6.4% during the 4th quarter. Vigilant Capital Management LLC now owns 183 shares of the information services provider’s stock valued at $190,000 after acquiring an additional 11 shares during the last quarter. Finally, DeDora Capital Inc. boosted its position in shares of Alphabet by 0.6% during the 4th quarter. DeDora Capital Inc. now owns 1,814 shares of the information services provider’s stock valued at $1,879,000 after acquiring an additional 11 shares during the last quarter. 34.44% of the stock is owned by institutional investors.

Several brokerages have recently weighed in on GOOG. Canaccord Genuity raised shares of Alphabet from a “hold” rating to a “buy” rating in a research report on Thursday, January 3rd. Royal Bank of Canada reissued a “buy” rating on shares of Alphabet in a research report on Friday, February 1st. Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a research report on Tuesday, February 12th. Deutsche Bank lowered their price target on shares of Alphabet from $1,350.00 to $1,300.00 and set a “buy” rating on the stock in a research report on Wednesday, January 23rd. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of Alphabet in a research report on Tuesday, February 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twenty-nine have issued a buy rating to the company’s stock. Alphabet has an average rating of “Buy” and an average price target of $1,349.78.

In other news, Director John L. Hennessy sold 375 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $1,200.00, for a total transaction of $450,000.00. Following the sale, the director now owns 80 shares of the company’s stock, valued at $96,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Amie Thuener O’toole sold 89 shares of the stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $1,195.32, for a total transaction of $106,383.48. Following the sale, the vice president now directly owns 388 shares in the company, valued at approximately $463,784.16. The disclosure for this sale can be found here. Insiders sold 16,485 shares of company stock worth $17,768,923 in the last ninety days. 13.11% of the stock is currently owned by corporate insiders.

NASDAQ GOOG opened at $1,202.16 on Thursday. Alphabet Inc has a 12 month low of $970.11 and a 12 month 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. The stock has a market capitalization of $832.31 billion, a price-to-earnings ratio of 25.30, a P/E/G ratio of 1.42 and a beta of 1.05.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Monday, February 4th. The information services provider reported $12.77 EPS for the quarter, beating the Zacks’ consensus estimate of $10.86 by $1.91. Alphabet had a net margin of 22.47% and a return on equity of 19.94%. The company had revenue of $39.28 billion for the quarter, compared to analysts’ expectations of $38.91 billion. During the same quarter in the prior year, the company posted $9.70 earnings per share. Alphabet’s revenue for the quarter was up 21.5% compared to the same quarter last year. As a group, analysts predict that Alphabet Inc will post 47.35 EPS for the current fiscal year.

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Alphabet Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

Further Reading: Economic Reports

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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