Boston Private Wealth LLC Has $33.04 Million Position in Alphabet Inc. (GOOG)

Boston Private Wealth LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 8.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,362 shares of the information services provider’s stock after purchasing an additional 2,895 shares during the quarter. Alphabet accounts for 1.3% of Boston Private Wealth LLC’s holdings, making the stock its 13th largest holding. Boston Private Wealth LLC’s holdings in Alphabet were worth $33,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GOOG. Capital Investment Advisory Services LLC lifted its holdings 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 worth $230,000 after buying an additional 1 shares during the last quarter. Foster & Motley Inc. lifted its holdings in Alphabet by 0.8% during the 2nd quarter. Foster & Motley Inc. now owns 265 shares of the information services provider’s stock worth $241,000 after buying an additional 2 shares during the last quarter. Gradient Investments LLC lifted its holdings in Alphabet by 0.6% during the 2nd quarter. Gradient Investments LLC now owns 506 shares of the information services provider’s stock worth $460,000 after buying an additional 3 shares during the last quarter. Saratoga Research & Investment Management lifted its holdings in Alphabet by 1.2% during the 2nd quarter. Saratoga Research & Investment Management now owns 257 shares of the information services provider’s stock worth $234,000 after buying an additional 3 shares during the last quarter. Finally, Edge Wealth Management LLC lifted its holdings in Alphabet by 0.9% during the 2nd quarter. Edge Wealth Management LLC now owns 340 shares of the information services provider’s stock worth $309,000 after buying an additional 3 shares during the last quarter. 34.28% of the stock is owned by hedge funds and other institutional investors.

In other Alphabet news, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $931.44, for a total transaction of $3,725,760.00. Following the transaction, the chief executive officer now owns 1,618 shares of the company’s stock, valued at approximately $1,507,069.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ann Mather sold 37 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $940.67, for a total value of $34,804.79. Following the transaction, the director now directly owns 1,789 shares in the company, valued at approximately $1,682,858.63. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,158 shares of company stock worth $21,355,239. Corporate insiders own 13.92% of the company’s stock.

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Alphabet Inc. (GOOG) opened at $1,020.91 on Thursday. Alphabet Inc. has a 52 week low of $737.02 and a 52 week high of $1,048.39. The firm has a market capitalization of $712,865.88, a price-to-earnings ratio of 34.35 and a beta of 0.95. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03.

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 analysts’ consensus estimates of $8.31 by $1.26. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The company had revenue of $27.77 billion for the quarter, compared to analyst estimates of $27.17 billion. During the same quarter in the prior year, the company posted $9.06 EPS. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year.

GOOG has been the subject of a number of recent analyst reports. Deutsche Bank AG reaffirmed a “buy” rating and set a $1,220.00 price target on shares of Alphabet in a report on Friday, July 21st. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Alphabet in a report on Wednesday, July 19th. Barclays PLC reaffirmed a “buy” rating on shares of Alphabet in a report on Tuesday, July 25th. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Alphabet in a report on Tuesday, July 25th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $1,100.00 price target (up from $1,050.00) on shares of Alphabet in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirty-nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $1,047.52.

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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