Train Babcock Advisors LLC reduced its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 3.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,862 shares of the information services provider’s stock after selling 217 shares during the period. Alphabet accounts for approximately 2.7% of Train Babcock Advisors LLC’s portfolio, making the stock its 7th largest position. Train Babcock Advisors LLC’s holdings in Alphabet were worth $6,236,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Riggs Asset Managment Co. Inc. raised its stake in Alphabet by 39.6% in the second quarter. Riggs Asset Managment Co. Inc. now owns 141 shares of the information services provider’s stock worth $128,000 after buying an additional 40 shares in the last quarter. Farmers National Bank raised its stake in Alphabet by 15.0% in the first quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock worth $134,000 after buying an additional 21 shares in the last quarter. St. Johns Investment Management Company LLC raised its stake in 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 buying an additional 157 shares in the last quarter. Catamount Wealth Management raised its stake in 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 buying an additional 10 shares in the last quarter. Finally, Cribstone Capital Management LLC raised its stake in Alphabet by 5.7% in the second quarter. Cribstone Capital Management LLC now owns 184 shares of the information services provider’s stock worth $167,000 after buying an additional 10 shares in the last quarter. Institutional investors own 34.28% of the company’s stock.

In other Alphabet news, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $926.79, for a total transaction of $3,707,160.00. Following the transaction, the chief executive officer now owns 1,389 shares in the company, valued at approximately $1,287,311.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP James Grier Campbell sold 183 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $933.08, for a total transaction of $170,753.64. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,158 shares of company stock valued at $25,062,399. 13.92% of the stock is currently owned by company insiders.

A number of research firms recently issued reports on GOOG. Vetr raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,067.64 price target for the company in a research note on Monday. 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. Finally, Macquarie 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, six have issued a hold rating and thirty-nine have issued a buy rating to the stock. Alphabet presently has an average rating of “Buy” and an average price target of $1,047.52.

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Alphabet Inc. (NASDAQ GOOG) opened at $1,025.75 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. The company has a market cap of $714,304.06, a P/E ratio of 34.42 and a beta of 0.95. Alphabet Inc. has a 52 week low of $727.54 and a 52 week high of $1,048.39.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, topping the consensus estimate of $8.31 by $1.26. The firm had revenue of $27.77 billion during the quarter, compared to analyst estimates of $27.17 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. Alphabet’s revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $9.06 EPS.

About Alphabet

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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