Jacobi Capital Management LLC increased its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 677.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,816 shares of the information services provider’s stock after buying an additional 3,325 shares during the period. Alphabet makes up 1.3% of Jacobi Capital Management LLC’s holdings, making the stock its 16th biggest holding. Jacobi Capital Management LLC’s holdings in Alphabet were worth $3,728,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of GOOG. Capital Investment Advisory Services LLC lifted its position in Alphabet by 0.4% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 253 shares of the information services provider’s stock valued at $230,000 after purchasing an additional 1 shares during the period. Capital Advantage Inc. lifted its position in Alphabet by 0.4% during the 2nd quarter. Capital Advantage Inc. now owns 273 shares of the information services provider’s stock valued at $248,000 after purchasing an additional 1 shares during the period. Foster & Motley Inc. lifted its position in Alphabet by 0.8% during the 2nd quarter. Foster & Motley Inc. now owns 265 shares of the information services provider’s stock valued at $241,000 after purchasing an additional 2 shares during the period. Saratoga Research & Investment Management lifted its position in Alphabet by 1.2% during the 2nd quarter. Saratoga Research & Investment Management now owns 257 shares of the information services provider’s stock valued at $234,000 after purchasing an additional 3 shares during the period. Finally, Edge Wealth Management LLC lifted its position in Alphabet by 0.9% during the 2nd quarter. Edge Wealth Management LLC now owns 340 shares of the information services provider’s stock valued at $309,000 after purchasing an additional 3 shares during the period. Institutional investors and hedge funds own 34.65% of the company’s stock.

In related news, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $1,072.64, for a total value of $4,290,560.00. Following the completion of the transaction, the chief executive officer now directly owns 803 shares of the company’s stock, valued at $861,329.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ann Mather sold 38 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $1,017.21, for a total transaction of $38,653.98. Following the completion of the transaction, the director now directly owns 1,805 shares of the company’s stock, valued at $1,836,064.05. The disclosure for this sale can be found here. Insiders sold 36,900 shares of company stock valued at $37,877,147 over the last three months. 13.92% of the stock is owned by company insiders.

Alphabet Inc (NASDAQ:GOOG) opened at $1,122.26 on Tuesday. The firm has a market cap of $782,650.00, a P/E ratio of 37.38 and a beta of 0.94. Alphabet Inc has a 52 week low of $790.52 and a 52 week high of $1,124.29. 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 issued its quarterly 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. The company had revenue of $27.77 billion during the quarter, compared to analysts’ expectations of $27.17 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The business’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period last year, the business earned $9.06 EPS.

A number of analysts recently weighed in on GOOG shares. UBS Group reiterated a “buy” rating on shares of Alphabet in a research report on Thursday, January 11th. BidaskClub upgraded shares of Alphabet from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 10th. SunTrust Banks increased their price target on shares of Alphabet to $1,250.00 and gave the company a “buy” rating in a research report on Friday. Vetr downgraded shares of Alphabet from a “sell” rating to a “strong sell” rating and set a $949.65 price target on the stock. in a research report on Wednesday, January 10th. Finally, Bank of America reiterated a “buy” rating and issued a $1,100.00 price target on shares of Alphabet in a research report on Tuesday, September 26th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $1,052.31.

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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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