grace capital purchased a new position in Alphabet Inc (NASDAQ:GOOG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 824 shares of the information services provider’s stock, valued at approximately $919,000.

Several other institutional investors have also recently made changes to their positions in GOOG. Pinnacle Financial Partners Inc. increased its position in shares of Alphabet by 8.6% in the second quarter. Pinnacle Financial Partners Inc. now owns 2,132 shares of the information services provider’s stock worth $2,378,000 after purchasing an additional 168 shares during the last quarter. Point72 Asset Management L.P. increased its position in shares of Alphabet by 349.3% in the first quarter. Point72 Asset Management L.P. now owns 38,146 shares of the information services provider’s stock worth $39,359,000 after purchasing an additional 53,446 shares during the last quarter. Bremer Trust National Association increased its position in shares of Alphabet by 134.5% in the second quarter. Bremer Trust National Association now owns 4,068 shares of the information services provider’s stock worth $4,539,000 after purchasing an additional 2,333 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in shares of Alphabet by 1.4% in the second quarter. CIBC Private Wealth Group LLC now owns 372,379 shares of the information services provider’s stock worth $415,444,000 after purchasing an additional 5,209 shares during the last quarter. Finally, DnB Asset Management AS increased its position in shares of Alphabet by 6.2% in the second quarter. DnB Asset Management AS now owns 37,615 shares of the information services provider’s stock worth $41,965,000 after purchasing an additional 2,200 shares during the last quarter. 33.96% of the stock is currently owned by hedge funds and other institutional investors.

Shares of GOOG stock opened at $1,025.76 on Wednesday. Alphabet Inc has a 52 week low of $980.64 and a 52 week high of $1,273.89. The firm has a market capitalization of $709.79 billion, a P/E ratio of 22.95 and a beta of 1.16. 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 announced its quarterly earnings results on Thursday, October 25th. The information services provider reported $13.06 EPS for the quarter, topping analysts’ consensus estimates of $10.41 by $2.65. Alphabet had a return on equity of 19.40% and a net margin of 14.45%. The company had revenue of $27.16 billion during the quarter.

GOOG has been the topic of a number of recent research reports. Morgan Stanley reiterated a “buy” rating on shares of Alphabet in a research report on Tuesday, July 24th. Jefferies Financial Group reiterated a “buy” rating on shares of Alphabet in a research report on Tuesday, July 24th. Barclays reiterated a “buy” rating on shares of Alphabet in a research report on Tuesday, July 24th. Robert W. Baird reiterated a “buy” rating on shares of Alphabet in a research report on Tuesday, July 24th. Finally, JMP Securities reiterated a “buy” rating on shares of Alphabet in a research report on Tuesday, July 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-nine have given a buy rating to the company. Alphabet presently has a consensus rating of “Buy” and an average target price of $1,301.81.

In other Alphabet news, Director L John Doerr sold 11,908 shares of the firm’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $1,049.76, for a total transaction of $12,500,542.08. Following the completion of the transaction, the director now owns 3,485 shares of the company’s stock, valued at $3,658,413.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Amie Thuener O’toole sold 80 shares of the firm’s stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $1,193.80, for a total value of $95,504.00. Following the transaction, the chief accounting officer now directly owns 388 shares of the company’s stock, valued at approximately $463,194.40. The disclosure for this sale can be found here. Insiders have sold 79,267 shares of company stock valued at $89,342,038 in the last three months. Insiders own 13.11% of the company’s stock.

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Alphabet Company Profile

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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