Donaldson Capital Management LLC lifted its position in Alphabet Inc. (NASDAQ:GOOG) by 12.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 468 shares of the information services provider’s stock after purchasing an additional 51 shares during the quarter. Donaldson Capital Management LLC’s holdings in Alphabet were worth $425,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Riggs Asset Managment Co. Inc. boosted its holdings in shares of Alphabet by 39.6% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 141 shares of the information services provider’s stock worth $128,000 after purchasing an additional 40 shares in the last quarter. Farmers National Bank boosted its holdings in shares of Alphabet by 15.0% in the 1st quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock worth $134,000 after purchasing an additional 21 shares in the last quarter. St. Johns Investment Management Company LLC boosted its holdings in shares of Alphabet by 1,046.7% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock worth $156,000 after purchasing an additional 157 shares in the last quarter. Cribstone Capital Management LLC boosted its holdings in shares of Alphabet by 5.7% in the 2nd quarter. Cribstone Capital Management LLC now owns 184 shares of the information services provider’s stock worth $167,000 after purchasing an additional 10 shares in the last quarter. Finally, Baker Boyer National Bank purchased a new position in shares of Alphabet in the 2nd quarter worth about $200,000. Hedge funds and other institutional investors own 34.50% of the company’s stock.

A number of research firms have recently weighed in on GOOG. Oppenheimer Holdings, Inc. reissued an “outperform” rating on shares of Alphabet in a research note on Friday, October 27th. UBS AG reissued a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. Macquarie reissued a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. Finally, Wells Fargo & Company reissued a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $1,045.44.

Alphabet Inc. (NASDAQ:GOOG) opened at $1,032.48 on Monday. The firm has a market capitalization of $717,368.13, a price-to-earnings ratio of 34.57 and a beta of 0.95. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. Alphabet Inc. has a twelve month low of $727.54 and a twelve month high of $1,048.39.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, beating the consensus estimate of $8.31 by $1.26. The firm 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 company’s 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.

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In related news, VP James Grier Campbell sold 183 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $933.08, for a total value of $170,753.64. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ann Mather sold 38 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $1,017.21, for a total value of $38,653.98. Following the completion of the transaction, the director now directly owns 1,805 shares in the company, valued at $1,836,064.05. The disclosure for this sale can be found here. Insiders have sold a total of 37,714 shares of company stock worth $35,728,265 over the last three months. 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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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