SevenBridge Financial Group LLC lifted its holdings in Alphabet Inc (NASDAQ:GOOG) by 29.0% in the second quarter, Holdings Channel reports. The fund owned 837 shares of the information services provider’s stock after buying an additional 188 shares during the period. SevenBridge Financial Group LLC’s holdings in Alphabet were worth $934,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. HC Financial Advisors Inc. bought a new position in Alphabet during the 4th quarter valued at $1,156,000. Municipal Employees Retirement System of Michigan boosted its stake in Alphabet by 2.3% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 7,973 shares of the information services provider’s stock valued at $8,226,000 after purchasing an additional 180 shares in the last quarter. Stockman Wealth Management Inc. boosted its stake in Alphabet by 25.7% during the 1st quarter. Stockman Wealth Management Inc. now owns 259 shares of the information services provider’s stock valued at $267,000 after purchasing an additional 53 shares in the last quarter. Marble Harbor Investment Counsel LLC boosted its stake in Alphabet by 10.2% during the 1st quarter. Marble Harbor Investment Counsel LLC now owns 809 shares of the information services provider’s stock valued at $835,000 after purchasing an additional 75 shares in the last quarter. Finally, Whetstone Capital Advisors LLC boosted its stake in Alphabet by 13.7% during the 1st quarter. Whetstone Capital Advisors LLC now owns 17,630 shares of the information services provider’s stock valued at $18,190,000 after purchasing an additional 2,130 shares in the last quarter. Hedge funds and other institutional investors own 33.96% of the company’s stock.

A number of equities analysts have issued reports on GOOG shares. Macquarie reaffirmed a “$1,205.50” rating on shares of Alphabet in a research note on Monday, July 23rd. Credit Suisse Group reiterated a “$1,205.50” rating on shares of Alphabet in a research report on Monday, July 23rd. UBS Group reiterated a “buy” rating on shares of Alphabet in a research report on Tuesday, July 24th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Alphabet in a research report on Tuesday, July 24th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $1,400.00 price objective on shares of Alphabet in a research report on Tuesday, July 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-eight have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $1,301.81.

In other news, CEO Sundar Pichai sold 10,000 shares of the stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $1,192.12, for a total value of $11,921,200.00. Following the completion of the sale, the chief executive officer now owns 871 shares in the company, valued at $1,038,336.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David C. Drummond sold 5,690 shares of the stock in a transaction on Monday, November 12th. The shares were sold at an average price of $1,065.50, for a total value of $6,062,695.00. Following the completion of the sale, the senior vice president now owns 42,558 shares of the company’s stock, valued at approximately $45,345,549. The disclosure for this sale can be found here. Insiders sold 67,359 shares of company stock valued at $76,841,496 in the last 90 days. Corporate insiders own 13.11% of the company’s stock.

GOOG opened at $1,061.49 on Monday. The firm has a market capitalization of $738.67 billion, a PE ratio of 23.89 and a beta of 1.16. Alphabet Inc has a 12-month low of $980.64 and a 12-month high of $1,273.89. The company has a quick ratio of 4.10, a current ratio of 4.14 and a debt-to-equity ratio of 0.02.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, October 25th. The information services provider reported $13.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $10.41 by $2.65. The company had revenue of $27.16 billion during the quarter. Alphabet had a return on equity of 19.40% and a net margin of 14.45%.

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About Alphabet

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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