American Research & Management Co. boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 4.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,442 shares of the information services provider’s stock after purchasing an additional 62 shares during the period. American Research & Management Co.’s holdings in Alphabet were worth $2,982,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in GOOG. Nottingham Advisors Inc. boosted its position in Alphabet by 0.5% during the fourth quarter. Nottingham Advisors Inc. now owns 917 shares of the information services provider’s stock valued at $1,606,000 after purchasing an additional 5 shares during the last quarter. AlphaCore Capital LLC raised its position in Alphabet by 4.0% during the fourth quarter. AlphaCore Capital LLC now owns 131 shares of the information services provider’s stock valued at $229,000 after acquiring an additional 5 shares in the last quarter. CWS Financial Advisors LLC raised its position in Alphabet by 3.2% during the fourth quarter. CWS Financial Advisors LLC now owns 162 shares of the information services provider’s stock valued at $284,000 after acquiring an additional 5 shares in the last quarter. Ironwood Wealth Management LLC. raised its position in Alphabet by 8.7% during the third quarter. Ironwood Wealth Management LLC. now owns 75 shares of the information services provider’s stock valued at $110,000 after acquiring an additional 6 shares in the last quarter. Finally, Albert D Mason Inc. raised its position in Alphabet by 0.6% during the fourth quarter. Albert D Mason Inc. now owns 1,068 shares of the information services provider’s stock valued at $1,871,000 after acquiring an additional 6 shares in the last quarter. Hedge funds and other institutional investors own 31.94% of the company’s stock.

Several brokerages recently weighed in on GOOG. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $2,390.00 price objective (up previously from $2,050.00) on shares of Alphabet in a research report on Wednesday, February 3rd. Raymond James raised their price objective on shares of Alphabet from $1,800.00 to $2,440.00 and gave the company an “outperform” rating in a research report on Wednesday, February 3rd. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Alphabet from $2,250.00 to $2,600.00 and gave the company a “buy” rating in a research report on Wednesday, February 3rd. Barclays reaffirmed a “buy” rating on shares of Alphabet in a research report on Thursday, February 4th. Finally, Citigroup reissued a “buy” rating on shares of Alphabet in a research report on Friday, February 12th. One equities research analyst has rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. Alphabet currently has an average rating of “Buy” and an average price target of $2,244.11.

In other news, CEO Sundar Pichai sold 3,000 shares of Alphabet stock in a transaction on Wednesday, March 3rd. The shares were sold at an average price of $2,068.50, for a total transaction of $6,205,500.00. Following the transaction, the chief executive officer now directly owns 6,757 shares of the company’s stock, valued at $13,976,854.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Philipp Schindler sold 1,385 shares of the business’s stock in a transaction on Monday, February 1st. The shares were sold at an average price of $1,852.09, for a total transaction of $2,565,144.65. Following the completion of the sale, the senior vice president now directly owns 18,712 shares in the company, valued at $34,656,308.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 14,034 shares of company stock worth $28,870,417. Insiders own 12.99% of the company’s stock.

Shares of Alphabet stock traded up $11.98 during trading on Thursday, reaching $2,261.66. The company’s stock had a trading volume of 33,509 shares, compared to its average volume of 1,599,775. The stock has a 50-day moving average price of $2,078.40 and a two-hundred day moving average price of $1,819.99. The company has a current ratio of 3.41, a quick ratio of 3.39 and a debt-to-equity ratio of 0.07. Alphabet Inc. has a one year low of $1,187.60 and a one year high of $2,255.00. The stock has a market capitalization of $1.52 trillion, a P/E ratio of 43.84, a price-to-earnings-growth ratio of 1.66 and a beta of 0.98.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Monday, February 1st. The information services provider reported $22.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $15.91 by $6.39. Alphabet had a net margin of 20.80% and a return on equity of 17.31%. The business had revenue of $56.90 billion for the quarter, compared to analyst estimates of $52.86 billion. During the same period in the prior year, the business posted $15.35 earnings per share. Alphabet’s revenue was up 23.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Alphabet Inc. will post 52.19 EPS for the current fiscal year.

About Alphabet

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. The company offers performance and brand advertising services. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, such as ads, Android, Chrome, hardware, Google Maps, Google Play, Search, and YouTube, as well as technical infrastructure; and digital content.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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