Farmers National Bank reduced its position in Alphabet Inc (NASDAQ:GOOG) by 20.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128 shares of the information services provider’s stock after selling 33 shares during the quarter. Farmers National Bank’s holdings in Alphabet were worth $116,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Perennial Advisors LLC grew its position in Alphabet by 8.7% in the 2nd quarter. Perennial Advisors LLC now owns 3,232 shares of the information services provider’s stock valued at $2,937,000 after acquiring an additional 260 shares in the last quarter. One Capital Management LLC grew its position in Alphabet by 5.0% in the 2nd quarter. One Capital Management LLC now owns 3,213 shares of the information services provider’s stock valued at $2,920,000 after acquiring an additional 154 shares in the last quarter. Doyle Wealth Management grew its position in Alphabet by 6.7% in the 2nd quarter. Doyle Wealth Management now owns 3,182 shares of the information services provider’s stock valued at $2,891,000 after acquiring an additional 200 shares in the last quarter. Northeast Investment Management grew its position in Alphabet by 4.4% in the 2nd quarter. Northeast Investment Management now owns 12,678 shares of the information services provider’s stock valued at $11,521,000 after acquiring an additional 537 shares in the last quarter. Finally, Taurus Asset Management LLC grew its position in Alphabet by 0.9% in the 2nd quarter. Taurus Asset Management LLC now owns 25,960 shares of the information services provider’s stock valued at $23,591,000 after acquiring an additional 220 shares in the last quarter. 34.74% of the stock is owned by institutional investors.

A number of brokerages have recently commented on GOOG. Wells Fargo & Company reissued a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. UBS reissued a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Societe Generale reissued a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Vetr downgraded Alphabet from a “buy” rating to a “hold” rating and set a $1,065.12 price objective for the company. in a research report on Thursday, December 7th. Finally, Oppenheimer reissued an “outperform” rating on shares of Alphabet in a research report on Friday, October 27th. One investment 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 company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $1,047.45.

Shares of Alphabet Inc (GOOG) opened at $1,049.15 on Friday. The firm has a market capitalization of $722,926.56, a P/E ratio of 34.83 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 debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, topping the 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 firm had revenue of $27.77 billion during the quarter, compared to analysts’ expectations of $27.17 billion. During the same quarter in the previous year, the business earned $9.06 earnings per share. The firm’s revenue was up 23.7% compared to the same quarter last year.

In other Alphabet news, VP James Grier Campbell sold 183 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $959.26, for a total value of $175,544.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ann Mather sold 38 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $959.26, for a total value of $36,451.88. Following the completion of the sale, the director now owns 1,797 shares of the company’s stock, valued at approximately $1,723,790.22. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,900 shares of company stock valued at $36,837,100. 13.92% of the stock is owned by company insiders.

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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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