Alphabet Inc. (GOOG) Shares Sold by Dumont & Blake Investment Advisors LLC

Dumont & Blake Investment Advisors LLC trimmed its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,395 shares of the information services provider’s stock after selling 10 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Alphabet were worth $1,268,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Riggs Asset Managment Co. Inc. lifted its stake in shares of Alphabet by 39.6% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 141 shares of the information services provider’s stock valued at $128,000 after purchasing an additional 40 shares during the last quarter. Farmers National Bank lifted its stake in shares of Alphabet by 15.0% in the 1st quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock valued at $134,000 after purchasing an additional 21 shares during the last quarter. St. Johns Investment Management Company LLC lifted its stake in shares of Alphabet by 1,046.7% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock valued at $156,000 after purchasing an additional 157 shares during the last quarter. Cribstone Capital Management LLC lifted its stake in shares of Alphabet by 5.7% in the 2nd quarter. Cribstone Capital Management LLC now owns 184 shares of the information services provider’s stock valued at $167,000 after purchasing an additional 10 shares during the last quarter. Finally, Baker Boyer National Bank acquired a new stake in shares of Alphabet in the 2nd quarter valued at $200,000. Hedge funds and other institutional investors own 34.52% of the company’s stock.

GOOG has been the subject of several analyst reports. Vetr raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $995.83 price objective for the company in a research note on Monday, June 26th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Alphabet in a research note on Wednesday, June 28th. MKM Partners reaffirmed a “buy” rating and issued a $1,170.00 price objective on shares of Alphabet in a research note on Wednesday, June 28th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $1,200.00 price objective on shares of Alphabet in a research note on Wednesday, June 28th. Finally, Credit Suisse Group reaffirmed an “outperform” rating on shares of Alphabet in a research note on Friday, June 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-nine have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $1,034.07.

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In other Alphabet news, Director L John Doerr sold 13,556 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $922.15, for a total transaction of $12,500,665.40. Following the sale, the director now directly owns 3,485 shares of the company’s stock, valued at $3,213,692.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Shirley M. Tilghman sold 525 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $938.09, for a total transaction of $492,497.25. Following the sale, the director now directly owns 5,517 shares in the company, valued at $5,175,442.53. The disclosure for this sale can be found here. Insiders sold a total of 40,694 shares of company stock worth $38,136,904 over the last three months. 13.92% of the stock is owned by insiders.

Shares of Alphabet Inc. (NASDAQ GOOG) opened at 992.81 on Thursday. Alphabet Inc. has a 52 week low of $727.54 and a 52 week high of $997.21. The firm has a 50-day moving average of $948.57 and a 200-day moving average of $928.63. The firm has a market cap of $687.90 billion, a PE ratio of 35.98 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.43 by $0.58. The company had revenue of $26.01 billion for the quarter, compared to the consensus estimate of $25.61 billion. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The firm’s quarterly revenue was up 21.0% on a year-over-year basis. During the same period in the previous year, the firm earned $8.42 EPS. On average, analysts expect that Alphabet Inc. will post $30.62 EPS for the current year.

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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