J.P. Marvel Investment Advisors LLC maintained its stake in shares of Alphabet Inc (NASDAQ:GOOG) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 450 shares of the information services provider’s stock at the end of the 2nd quarter. J.P. Marvel Investment Advisors LLC’s holdings in Alphabet were worth $409,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Kimelman & Baird LLC grew its stake in shares of Alphabet by 0.6% during the 2nd quarter. Kimelman & Baird LLC now owns 7,081 shares of the information services provider’s stock valued at $6,435,000 after buying an additional 45 shares during the period. Hall Laurie J Trustee grew its stake in shares of Alphabet by 2.4% during the 2nd quarter. Hall Laurie J Trustee now owns 2,297 shares of the information services provider’s stock valued at $2,087,000 after buying an additional 54 shares during the period. Sentry Investment Management LLC grew its stake in shares of Alphabet by 2.2% during the 2nd quarter. Sentry Investment Management LLC now owns 24,030 shares of the information services provider’s stock valued at $21,837,000 after buying an additional 525 shares during the period. Atlantic Trust LLC grew its stake in shares of Alphabet by 531.9% during the 2nd quarter. Atlantic Trust LLC now owns 2,793 shares of the information services provider’s stock valued at $2,589,000 after buying an additional 2,351 shares during the period. Finally, WFG Advisors LP grew its stake in shares of Alphabet by 57.5% during the 2nd quarter. WFG Advisors LP now owns 1,392 shares of the information services provider’s stock valued at $1,265,000 after buying an additional 508 shares during the period. 34.74% of the stock is owned by institutional investors.

Several brokerages have recently issued reports on GOOG. Robert W. Baird reissued an “outperform” rating and set a $1,100.00 price objective on shares of Alphabet in a research note on Saturday, September 23rd. JMP Securities restated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Cantor Fitzgerald restated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. UBS restated an “overweight” rating on shares of Alphabet in a report on Thursday, August 24th. Finally, Monness Crespi & Hardt restated a “buy” rating on shares of Alphabet in a report on Saturday, August 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $1,047.45.

Alphabet Inc (NASDAQ GOOG) opened at $1,064.19 on Friday. Alphabet Inc has a 1-year low of $770.41 and a 1-year high of $1,067.62. 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 company has a market cap of $723,016.88, a price-to-earnings ratio of 34.84 and a beta of 0.93.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, topping 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 firm had revenue of $27.77 billion for the quarter, compared to analyst estimates of $27.17 billion. During the same quarter in the previous year, the business posted $9.06 EPS. The firm’s revenue was up 23.7% compared to the same quarter last year.

In other news, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $958.40, for a total value of $3,833,600.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ann Mather sold 38 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $959.26, for a total transaction of $36,451.88. Following the completion of the sale, the director now owns 1,797 shares in the company, valued at approximately $1,723,790.22. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,900 shares of company stock worth $36,837,100. Company insiders own 13.92% of the company’s stock.

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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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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