Foxhaven Asset Management LP increased its position in Alphabet Inc (NASDAQ:GOOG) by 2.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 226,448 shares of the information services provider’s stock after buying an additional 4,380 shares during the quarter. Alphabet comprises about 14.4% of Foxhaven Asset Management LP’s investment portfolio, making the stock its biggest position. Foxhaven Asset Management LP’s holdings in Alphabet were worth $205,780,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Burt Wealth Advisors increased its holdings in Alphabet by 17.2% in the 2nd quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock valued at $123,000 after purchasing an additional 20 shares in the last quarter. Signature Estate & Investment Advisors LLC increased its holdings in Alphabet by 3.8% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock valued at $124,000 after purchasing an additional 5 shares in the last quarter. Farmers National Bank increased its holdings in Alphabet by 15.0% in the 1st quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock valued at $134,000 after purchasing an additional 21 shares in the last quarter. Almanack Investment Partners LLC. increased its holdings in Alphabet by 4.5% in the 2nd quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock valued at $147,000 after purchasing an additional 7 shares in the last quarter. Finally, St. Johns Investment Management Company LLC increased its holdings in Alphabet by 1,046.7% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock valued at $156,000 after purchasing an additional 157 shares in the last quarter. 34.74% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Inc (NASDAQ:GOOG) opened at $1,041.10 on Tuesday. The company has a market capitalization of $720,543.44, a PE ratio of 34.72 and a beta of 0.93. Alphabet Inc has a 52 week low of $770.41 and a 52 week high of $1,062.38. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03.

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

In related news, Director L John Doerr sold 12,236 shares of Alphabet stock in a transaction dated Wednesday, November 15th. The stock was 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 $3,560,171.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $1,002.86, for a total value of $4,011,440.00. Following the completion of the transaction, the chief executive officer now owns 1,178 shares of the company’s stock, valued at $1,181,369.08. The disclosure for this sale can be found here. Insiders sold 36,900 shares of company stock valued at $36,837,100 over the last quarter. Insiders own 13.92% of the company’s stock.

Several brokerages recently issued reports on GOOG. BidaskClub upgraded Alphabet from a “hold” rating to a “buy” rating in a report on Friday, August 25th. Royal Bank of Canada reiterated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Vetr upgraded Alphabet from a “hold” rating to a “buy” rating and set a $1,084.59 price target for the company in a report on Wednesday, November 29th. Cantor Fitzgerald reiterated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $1,100.00 price target on shares of Alphabet in a report on Saturday, September 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-eight have issued a buy rating to the company. Alphabet presently has an average rating of “Buy” and an average price target of $1,047.45.

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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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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