Trellis Advisors LLC Buys 15 Shares of Alphabet Inc (NASDAQ:GOOG)

Trellis Advisors LLC increased its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 8.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 201 shares of the information services provider’s stock after purchasing an additional 15 shares during the quarter. Trellis Advisors LLC’s holdings in Alphabet were worth $217,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund increased its position in shares of Alphabet by 102,010.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 56,224,303 shares of the information services provider’s stock valued at $54,000 after purchasing an additional 56,169,241 shares during the last quarter. BlackRock Inc. grew its position in Alphabet by 0.6% in the 4th quarter. BlackRock Inc. now owns 19,618,313 shares of the information services provider’s stock valued at $20,316,919,000 after acquiring an additional 125,866 shares during the last quarter. Lunia Capital LP grew its position in Alphabet by 135,522.5% in the 4th quarter. Lunia Capital LP now owns 16,870,086 shares of the information services provider’s stock valued at $16,870,000 after acquiring an additional 16,857,647 shares during the last quarter. Jennison Associates LLC grew its position in Alphabet by 4.3% in the 4th quarter. Jennison Associates LLC now owns 1,871,132 shares of the information services provider’s stock valued at $1,937,763,000 after acquiring an additional 76,345 shares during the last quarter. Finally, Sanders Capital LLC grew its position in Alphabet by 3.5% in the 2nd quarter. Sanders Capital LLC now owns 1,267,225 shares of the information services provider’s stock valued at $1,495,736,000 after acquiring an additional 42,535 shares during the last quarter. 34.00% of the stock is currently owned by hedge funds and other institutional investors.

Shares of GOOG traded down $38.24 during midday trading on Friday, reaching $1,151.29. 1,406,965 shares of the stock were exchanged, compared to its average volume of 1,607,384. Alphabet Inc has a 52 week low of $970.11 and a 52 week high of $1,289.27. The company has a current ratio of 3.98, a quick ratio of 3.96 and a debt-to-equity ratio of 0.07. The company’s 50 day moving average is $1,170.92 and its two-hundred day moving average is $1,156.17. The company has a market capitalization of $824.82 billion, a P/E ratio of 24.23, a PEG ratio of 1.30 and a beta of 0.96.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, July 25th. The information services provider reported $14.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.49 by $2.72. Alphabet had a return on equity of 20.15% and a net margin of 23.43%. The business had revenue of $38.94 billion for the quarter, compared to the consensus estimate of $38.21 billion. During the same quarter in the prior year, the company earned $11.75 EPS. The business’s revenue was up 19.3% compared to the same quarter last year. On average, sell-side analysts expect that Alphabet Inc will post 52.1 EPS for the current year.

Several brokerages have commented on GOOG. Cowen upped their price objective on Alphabet from $1,400.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. UBS Group reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, July 26th. Wedbush upped their price objective on Alphabet from $1,350.00 to $1,500.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. BidaskClub raised Alphabet from a “hold” rating to a “buy” rating in a research report on Saturday, July 13th. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of Alphabet in a research report on Tuesday, April 30th. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $1,378.93.

In other news, Director John L. Hennessy sold 150 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $1,225.00, for a total transaction of $183,750.00. Following the transaction, the director now owns 276 shares of the company’s stock, valued at approximately $338,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Amie Thuener O’toole sold 55 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $1,200.74, for a total value of $66,040.70. Following the sale, the vice president now owns 388 shares of the company’s stock, valued at $465,887.12. The disclosure for this sale can be found here. Insiders have sold a total of 2,123 shares of company stock worth $2,553,758 in the last three months. Corporate insiders own 12.99% of the company’s stock.

About Alphabet

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

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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