BSW Wealth Partners raised its stake in Alphabet Inc. (NASDAQ:GOOG) by 11.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 328 shares of the information services provider’s stock after buying an additional 35 shares during the period. BSW Wealth Partners’ holdings in Alphabet were worth $272,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of GOOG. PagnatoKarp Partners LLC purchased a new stake in shares of Alphabet during the fourth quarter valued at about $393,000. Advantage Investment Management LLC purchased a new stake in shares of Alphabet during the fourth quarter valued at about $611,000. Pacific Center for Financial Services purchased a new stake in shares of Alphabet during the fourth quarter valued at about $142,000. IFM Investors Pty Ltd purchased a new stake in shares of Alphabet during the fourth quarter valued at about $3,007,000. Finally, Wall Street Access Asset Management LLC boosted its stake in shares of Alphabet by 16.7% in the fourth quarter. Wall Street Access Asset Management LLC now owns 1,228 shares of the information services provider’s stock valued at $957,000 after buying an additional 176 shares during the period. Institutional investors and hedge funds own 34.57% of the company’s stock.

Shares of Alphabet Inc. (GOOG) traded up 0.74% on Monday, hitting $921.14. The stock had a trading volume of 361,245 shares. The firm has a market cap of $638.24 billion, a PE ratio of 33.38 and a beta of 0.94. The firm’s 50-day moving average price is $936.66 and its 200 day moving average price is $889.11. Alphabet Inc. has a 52-week low of $727.54 and a 52-week high of $988.25.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.43 by $0.58. The firm had revenue of $26.01 billion during the quarter, compared to analysts’ expectations of $25.61 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The business’s revenue was up 21.0% on a year-over-year basis. During the same period in the prior year, the firm earned $8.42 EPS. On average, equities research analysts predict that Alphabet Inc. will post $30.59 EPS for the current year.

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GOOG has been the topic of several recent research reports. Macquarie reaffirmed a “buy” rating and set a $975.00 price objective on shares of Alphabet in a report on Tuesday, April 18th. MKM Partners reaffirmed a “buy” rating and set a $1,000.00 price objective on shares of Alphabet in a report on Tuesday, April 25th. Nomura reaffirmed a “buy” rating and set a $925.00 price objective on shares of Alphabet in a report on Monday, April 24th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $1,050.00 price objective (up from $1,000.00) on shares of Alphabet in a report on Friday, April 28th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, April 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $1,026.22.

In related news, Director Shirley M. Tilghman sold 525 shares of the company’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $938.09, for a total value of $492,497.25. Following the completion of the sale, the director now directly owns 5,517 shares of the company’s stock, valued at approximately $5,175,442.53. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $937.92, for a total value of $3,751,680.00. Following the completion of the sale, the chief executive officer now directly owns 1,830 shares of the company’s stock, valued at $1,716,393.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,613 shares of company stock valued at $29,887,697. Insiders own 13.92% of the company’s stock.

About Alphabet

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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