Paradigm Asset Management Co. LLC boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 16.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,086 shares of the information services provider’s stock after purchasing an additional 300 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in Alphabet were worth $1,896,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Harbour Capital Advisors LLC raised its stake in Alphabet by 87,001.5% in the second quarter. Harbour Capital Advisors LLC now owns 1,993,754 shares of the information services provider’s stock valued at $2,194,000 after buying an additional 1,991,465 shares during the last quarter. Sanders Capital LLC raised its stake in Alphabet by 37.1% in the first quarter. Sanders Capital LLC now owns 1,199,405 shares of the information services provider’s stock valued at $1,019,026,000 after buying an additional 324,596 shares during the last quarter. Pictet Asset Management Ltd. raised its stake in Alphabet by 35.8% in the first quarter. Pictet Asset Management Ltd. now owns 422,437 shares of the information services provider’s stock valued at $350,437,000 after buying an additional 111,292 shares during the last quarter. Arthur M. Cohen & Associates LLC purchased a new stake in Alphabet in the second quarter valued at about $4,914,000. Finally, Karp Capital Management Corp purchased a new stake in Alphabet in the first quarter valued at about $82,519,000. 34.43% of the stock is currently owned by institutional investors.

In related news, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $1,020.69, for a total value of $4,082,760.00. Following the sale, the chief executive officer now owns 949 shares in the company, valued at approximately $968,634.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director L John Doerr sold 12,236 shares of the business’s stock in a transaction 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 sale, the director now owns 3,485 shares in the company, valued at approximately $3,560,171.45. The disclosure for this sale can be found here. Insiders sold 38,394 shares of company stock worth $37,937,930 in the last 90 days. Company insiders own 13.92% of the company’s stock.

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A number of research firms have commented on GOOG. BidaskClub upgraded Alphabet from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Canaccord Genuity reiterated a “hold” rating and issued a $1,000.00 price target on shares of Alphabet in a research note on Thursday, July 27th. Royal Bank Of Canada reiterated a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. B. Riley reiterated a “buy” rating and issued a $1,050.00 price target (up from $1,032.00) on shares of Alphabet in a research note on Thursday, July 27th. Finally, Cantor Fitzgerald reiterated 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, seven have issued a hold rating and thirty-eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $1,047.52.

Shares of Alphabet Inc. (NASDAQ:GOOG) opened at $1,035.96 on Thursday. Alphabet Inc. has a 1 year low of $737.02 and a 1 year high of $1,048.39. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $718,764.69, a price-to-earnings ratio of 34.63 and a beta of 0.95.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the Zacks’ consensus estimate 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 previous year, the business earned $9.06 earnings per share. The company’s revenue for the quarter was up 23.7% on a year-over-year basis.

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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