Fort Pitt Capital Group LLC held its position in Alphabet Inc (NASDAQ:GOOG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 794 shares of the information services provider’s stock at the end of the 2nd quarter. Fort Pitt Capital Group LLC’s holdings in Alphabet were worth $722,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Burt Wealth Advisors raised its stake in shares of Alphabet by 17.2% in the second quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock valued at $123,000 after acquiring an additional 20 shares during the period. Signature Estate & Investment Advisors LLC raised its stake in shares of Alphabet by 3.8% in the second quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock valued at $124,000 after acquiring an additional 5 shares during the period. Almanack Investment Partners LLC. grew its holdings in shares of Alphabet by 4.5% in the second quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock worth $147,000 after purchasing an additional 7 shares during the last quarter. St. Johns Investment Management Company LLC grew its holdings in shares of Alphabet by 1,046.7% in the second 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 during the last quarter. Finally, Catamount Wealth Management grew its holdings in shares of Alphabet by 5.8% in the second quarter. Catamount Wealth Management now owns 182 shares of the information services provider’s stock worth $165,000 after purchasing an additional 10 shares during the last quarter. 34.74% of the stock is currently owned by institutional investors.

A number of research analysts have recently commented on GOOG shares. Vetr cut shares of Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,033.60 price target on the stock. in a report on Wednesday, August 30th. Deutsche Bank restated a “buy” rating on shares of Alphabet in a report on Wednesday, October 25th. UBS restated a “buy” rating and issued a $1,080.00 price target on shares of Alphabet in a report on Monday, September 11th. J P Morgan Chase & Co restated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Finally, Credit Suisse Group restated an “outperform” rating on shares of Alphabet in a report on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-eight have issued a buy rating to the company’s stock. Alphabet has an average rating of “Buy” and an average price target of $1,047.45.

Shares of Alphabet Inc (GOOG) opened at $1,040.61 on Thursday. Alphabet Inc has a 1-year low of $770.41 and a 1-year high of $1,062.38. The firm has a market cap of $725,880.00, a PE ratio of 34.85 and a beta of 0.94. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73.

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 analysts’ consensus estimates of $8.31 by $1.26. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The business had revenue of $27.77 billion for the quarter, compared to analysts’ expectations of $27.17 billion. During the same period last year, the business earned $9.06 EPS. The company’s revenue was up 23.7% compared to the same quarter last year.

In related news, Director L John Doerr sold 12,236 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $1,021.57, for a total value of $12,499,930.52. Following the completion of the transaction, the director now directly owns 3,485 shares of the company’s stock, valued at approximately $3,560,171.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $958.40, for a total transaction of $3,833,600.00. The disclosure for this sale can be found here. Insiders sold a total of 36,900 shares of company stock worth $36,837,100 over the last 90 days. Company insiders own 13.92% of the company’s stock.

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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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