Comprehensive Portfolio Management LLC acquired a new position in shares of Alphabet Inc. (NASDAQ:GOOG) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 304 shares of the information services provider’s stock, valued at approximately $276,000.

A number of other hedge funds have also recently modified their holdings of GOOG. Capital Investment Advisory Services LLC raised its holdings in shares of Alphabet by 0.4% in the second quarter. Capital Investment Advisory Services LLC now owns 253 shares of the information services provider’s stock worth $230,000 after acquiring an additional 1 shares during the last quarter. Foster & Motley Inc. raised its holdings in shares of Alphabet by 0.8% in the second quarter. Foster & Motley Inc. now owns 265 shares of the information services provider’s stock worth $241,000 after acquiring an additional 2 shares during the last quarter. Gradient Investments LLC raised its holdings in shares of Alphabet by 0.6% in the second quarter. Gradient Investments LLC now owns 506 shares of the information services provider’s stock worth $460,000 after acquiring an additional 3 shares during the last quarter. Saratoga Research & Investment Management raised its holdings in shares of Alphabet by 1.2% in the second quarter. Saratoga Research & Investment Management now owns 257 shares of the information services provider’s stock worth $234,000 after acquiring an additional 3 shares during the last quarter. Finally, Edge Wealth Management LLC raised its holdings in shares of Alphabet by 0.9% in the second quarter. Edge Wealth Management LLC now owns 340 shares of the information services provider’s stock worth $309,000 after acquiring an additional 3 shares during the last quarter. 34.28% of the stock is owned by hedge funds and other institutional investors.

GOOG has been the subject of a number of analyst reports. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Alphabet in a report on Wednesday, July 19th. Deutsche Bank AG reiterated a “buy” rating and issued a $1,220.00 target price on shares of Alphabet in a research note on Friday, July 21st. Morgan Stanley reiterated an “overweight” rating and issued a $1,050.00 target price on shares of Alphabet in a research note on Saturday, July 22nd. Wells Fargo & Company reiterated an “outperform” rating and issued a $1,150.00 target price on shares of Alphabet in a research note on Saturday, July 22nd. Finally, UBS AG reiterated a “buy” rating and issued a $1,080.00 target price on shares of Alphabet in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirty-nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $1,047.52.

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Shares of Alphabet Inc. (GOOG) opened at $1,026.00 on Wednesday. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $712,692.13, a P/E ratio of 34.34 and a beta of 0.95. Alphabet Inc. has a 1 year low of $737.02 and a 1 year high of $1,048.39.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, topping analysts’ consensus estimates of $8.31 by $1.26. The business had revenue of $27.77 billion for the quarter, compared to analysts’ expectations of $27.17 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The business’s quarterly revenue was up 23.7% on a year-over-year basis. 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 stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $940.67, for a total value of $34,804.79. Following the completion of the transaction, the director now directly owns 1,789 shares of the company’s stock, valued at approximately $1,682,858.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $931.44, for a total value of $3,725,760.00. Following the completion of the transaction, the chief executive officer now directly owns 1,618 shares of the company’s stock, valued at $1,507,069.92. The disclosure for this sale can be found here. Insiders have sold a total of 22,158 shares of company stock worth $21,355,239 over the last quarter. Insiders own 13.92% of the company’s stock.

Alphabet 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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