Saratoga Research & Investment Management Acquires 3 Shares of Alphabet Inc. (GOOG)

Saratoga Research & Investment Management raised its holdings in Alphabet Inc. (NASDAQ:GOOG) by 1.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 257 shares of the information services provider’s stock after purchasing an additional 3 shares during the quarter. Saratoga Research & Investment Management’s holdings in Alphabet were worth $234,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of GOOG. Cambridge Advisors Inc. increased its stake in shares of Alphabet by 0.4% during the first quarter. Cambridge Advisors Inc. now owns 272 shares of the information services provider’s stock worth $226,000 after acquiring an additional 1 shares during the period. Gradient Investments LLC increased its stake in shares of Alphabet by 0.6% during the second quarter. Gradient Investments LLC now owns 506 shares of the information services provider’s stock worth $460,000 after acquiring an additional 3 shares during the period. Hodges Capital Management Inc. increased its stake in shares of Alphabet by 1.4% during the first quarter. Hodges Capital Management Inc. now owns 298 shares of the information services provider’s stock worth $247,000 after acquiring an additional 4 shares during the period. Terra Nova Asset Management LLC increased its stake in shares of Alphabet by 0.6% during the second quarter. Terra Nova Asset Management LLC now owns 642 shares of the information services provider’s stock worth $583,000 after acquiring an additional 4 shares during the period. Finally, Naples Global Advisors LLC increased its stake in shares of Alphabet by 0.7% during the first quarter. Naples Global Advisors LLC now owns 690 shares of the information services provider’s stock worth $572,000 after acquiring an additional 5 shares during the period. Institutional investors own 34.53% of the company’s stock.

In other Alphabet news, Director Shirley M. Tilghman sold 525 shares of the business’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $938.09, for a total transaction of $492,497.25. Following the completion of the sale, the director now directly owns 5,517 shares of the company’s stock, valued at approximately $5,175,442.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $969.92, for a total value of $3,879,680.00. Following the sale, the chief executive officer now directly owns 1,536 shares of the company’s stock, valued at $1,489,797.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,694 shares of company stock worth $38,042,264. 13.92% of the stock is owned by corporate insiders.

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Alphabet Inc. (GOOG) opened at 989.25 on Thursday. Alphabet Inc. has a 52-week low of $727.54 and a 52-week high of $990.71. The stock has a 50 day moving average of $938.42 and a 200-day moving average of $922.72. The company has a market capitalization of $685.43 billion, a P/E ratio of 35.85 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.43 by $0.58. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The company had revenue of $26.01 billion for the quarter, compared to the consensus estimate of $25.61 billion. During the same quarter in the previous year, the company earned $8.42 EPS. The firm’s revenue for the quarter was up 21.0% compared to the same quarter last year. On average, equities analysts forecast that Alphabet Inc. will post $30.58 earnings per share for the current year.

GOOG has been the topic of a number of recent analyst reports. Canaccord Genuity lowered shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,000.00 price target on the stock. in a research note on Thursday, June 15th. They noted that the move was a valuation call. Vetr upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $980.86 price target on the stock in a research note on Monday, June 19th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Alphabet in a research note on Wednesday, June 28th. MKM Partners reiterated a “buy” rating and set a $1,170.00 price target on shares of Alphabet in a research note on Wednesday, June 28th. Finally, Susquehanna Bancshares Inc reiterated a “positive” rating and set a $1,200.00 price target on shares of Alphabet in a research note on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $1,034.31.

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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