Trust Co. of Vermont lifted its holdings in Alphabet Inc. (NASDAQ:GOOG) by 3.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,907 shares of the information services provider’s stock after purchasing an additional 477 shares during the quarter. Alphabet accounts for approximately 1.5% of Trust Co. of Vermont’s investment portfolio, making the stock its 11th biggest holding. Trust Co. of Vermont’s holdings in Alphabet were worth $14,455,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Northstar Group Inc. lifted its position in shares of Alphabet by 6.7% in the second quarter. Northstar Group Inc. now owns 2,855 shares of the information services provider’s stock worth $2,594,000 after purchasing an additional 180 shares in the last quarter. Private Capital Advisors Inc. increased its holdings in Alphabet by 0.9% during the second quarter. Private Capital Advisors Inc. now owns 2,033 shares of the information services provider’s stock worth $1,847,000 after buying an additional 19 shares during the last quarter. Trust Department MB Financial Bank N A increased its holdings in Alphabet by 29.4% during the second quarter. Trust Department MB Financial Bank N A now owns 220 shares of the information services provider’s stock worth $200,000 after buying an additional 50 shares during the last quarter. Hills Bank & Trust Co. increased its holdings in Alphabet by 4.3% during the second quarter. Hills Bank & Trust Co. now owns 5,333 shares of the information services provider’s stock worth $4,846,000 after buying an additional 219 shares during the last quarter. Finally, Simplex Trading LLC increased its holdings in Alphabet by 9.7% during the second quarter. Simplex Trading LLC now owns 53,531 shares of the information services provider’s stock worth $48,645,000 after buying an additional 4,713 shares during the last quarter. 34.52% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP James Grier Campbell sold 183 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $911.16, for a total value of $166,742.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP David C. Drummond sold 1,496 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $939.76, for a total value of $1,405,880.96. Following the completion of the sale, the senior vice president now owns 52 shares of the company’s stock, valued at approximately $48,867.52. The disclosure for this sale can be found here. Insiders sold a total of 42,680 shares of company stock valued at $39,700,363 in the last 90 days. 13.92% of the stock is currently owned by corporate insiders.

A number of brokerages recently weighed in on GOOG. J P Morgan Chase & Co restated a “buy” rating on shares of Alphabet in a report on Tuesday, July 25th. Canaccord Genuity restated a “hold” rating and set a $1,000.00 target price on shares of Alphabet in a report on Thursday, July 27th. SunTrust Banks, Inc. began coverage on shares of Alphabet in a report on Wednesday, August 16th. They set a “buy” rating and a $1,100.00 target price on the stock. Robert W. Baird restated an “outperform” rating and set a $1,100.00 target price on shares of Alphabet in a report on Saturday, September 23rd. Finally, UBS AG restated a “buy” rating and set a $1,080.00 target price on shares of Alphabet in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and forty have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $1,035.40.

Alphabet Inc. (GOOG) traded up 1.01% on Friday, hitting $959.11. The stock had a trading volume of 1,580,994 shares. The company has a 50-day moving average price of $924.03 and a 200-day moving average price of $909.94. The stock has a market capitalization of $664.55 billion, a price-to-earnings ratio of 34.76 and a beta of 0.94. Alphabet Inc. has a 1-year low of $727.54 and a 1-year high of $988.25.

Alphabet (NASDAQ:GOOG) last released its earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.43 by $0.58. The company had revenue of $26.01 billion during the quarter, compared to the consensus estimate of $25.61 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. Alphabet’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.42 EPS. Equities analysts predict that Alphabet Inc. will post $30.59 earnings per share for the current year.

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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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