GWM Advisors LLC raised its stake in Alphabet Inc (NASDAQ:GOOG) by 154.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 798 shares of the information services provider’s stock after purchasing an additional 484 shares during the quarter. GWM Advisors LLC’s holdings in Alphabet were worth $741,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Perennial Advisors LLC increased its stake in shares of Alphabet by 8.7% during the second quarter. Perennial Advisors LLC now owns 3,232 shares of the information services provider’s stock valued at $2,937,000 after buying an additional 260 shares during the period. One Capital Management LLC increased its stake in shares of Alphabet by 5.0% during the second quarter. One Capital Management LLC now owns 3,213 shares of the information services provider’s stock valued at $2,920,000 after buying an additional 154 shares during the period. Doyle Wealth Management increased its stake in shares of Alphabet by 6.7% during the second quarter. Doyle Wealth Management now owns 3,182 shares of the information services provider’s stock valued at $2,891,000 after buying an additional 200 shares during the period. Northeast Investment Management increased its stake in shares of Alphabet by 4.4% during the second quarter. Northeast Investment Management now owns 12,678 shares of the information services provider’s stock valued at $11,521,000 after buying an additional 537 shares during the period. Finally, Taurus Asset Management LLC increased its stake in shares of Alphabet by 0.9% during the second quarter. Taurus Asset Management LLC now owns 25,960 shares of the information services provider’s stock valued at $23,591,000 after buying an additional 220 shares during the period. Hedge funds and other institutional investors own 34.74% of the company’s stock.

Alphabet Inc (GOOG) opened at $1,040.48 on Wednesday. Alphabet Inc has a 1-year low of $770.41 and a 1-year high of $1,062.38. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. The firm has a market capitalization of $720,543.44, a PE ratio of 34.72 and a beta of 0.93.

Alphabet (NASDAQ:GOOG) last posted its 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 return on equity of 14.26% and a net margin of 20.09%. The company had revenue of $27.77 billion for the quarter, compared to the consensus estimate of $27.17 billion. During the same quarter in the prior year, the company earned $9.06 earnings per share. Alphabet’s revenue was up 23.7% on a year-over-year basis.

In other Alphabet news, VP James Grier Campbell sold 183 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $959.26, for a total value of $175,544.58. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director L John Doerr sold 12,236 shares of the stock in a transaction dated 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 in the company, valued at approximately $3,560,171.45. The disclosure for this sale can be found here. In the last three months, insiders sold 36,900 shares of company stock worth $36,837,100. 13.92% of the stock is owned by corporate insiders.

GOOG has been the topic of several research analyst reports. Morgan Stanley reissued a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. BidaskClub raised Alphabet from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a research note on Friday, October 20th. Wells Fargo & Company reissued a “buy” rating on shares of Alphabet in a research note on Friday, October 6th. Finally, Vetr cut Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,031.46 target price on the stock. in a research note on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-eight have assigned a buy rating to the company’s stock. Alphabet currently has a consensus rating of “Buy” and a consensus target price of $1,047.45.

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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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