Alphabet Inc. (GOOG) Position Boosted by Atwood & Palmer Inc.

Atwood & Palmer Inc. increased its holdings in Alphabet Inc. (NASDAQ:GOOG) by 0.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,938 shares of the information services provider’s stock after buying an additional 65 shares during the quarter. Alphabet comprises 2.8% of Atwood & Palmer Inc.’s portfolio, making the stock its 14th largest holding. Atwood & Palmer Inc.’s holdings in Alphabet were worth $18,119,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of GOOG. Blue Fin Capital Inc. grew its holdings in Alphabet by 0.3% in the 1st quarter. Blue Fin Capital Inc. now owns 1,561 shares of the information services provider’s stock worth $1,295,000 after buying an additional 5 shares in the last quarter. Winch Advisory Services LLC boosted its stake in Alphabet by 7.6% during the 1st quarter. Winch Advisory Services LLC now owns 4,091 shares of the information services provider’s stock valued at $3,394,000 after purchasing an additional 289 shares in the last quarter. OLD National Bancorp IN boosted its stake in Alphabet by 0.5% during the 1st quarter. OLD National Bancorp IN now owns 4,669 shares of the information services provider’s stock valued at $3,873,000 after purchasing an additional 21 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its stake in Alphabet by 4.1% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 93,288 shares of the information services provider’s stock valued at $77,388,000 after purchasing an additional 3,691 shares in the last quarter. Finally, C WorldWide Group Holding A S boosted its stake in Alphabet by 11.4% during the 1st quarter. C WorldWide Group Holding A S now owns 491,269 shares of the information services provider’s stock valued at $407,537,000 after purchasing an additional 50,375 shares in the last quarter. 34.73% of the stock is owned by institutional investors and hedge funds.

GOOG has been the subject of a number of research reports. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $1,050.00 price target on shares of Alphabet in a research note on Wednesday, August 9th. MKM Partners reaffirmed a “buy” rating and set a $1,210.00 price target (up from $1,170.00) on shares of Alphabet in a research note on Thursday, August 10th. Cowen reaffirmed an “outperform” rating and set a $1,075.00 price target on shares of Alphabet in a research note on Thursday, August 10th. SunTrust Banks initiated coverage on Alphabet in a research note on Wednesday, August 16th. They set a “buy” rating and a $1,100.00 price target for the company. Finally, Vetr lowered Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,034.88 price target for the company. in a research note on Wednesday, August 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirty-nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $1,047.96.

In other news, Director Ann Mather sold 38 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $1,015.80, for a total value of $38,600.40. Following the completion of the sale, the director now owns 1,813 shares in the company, valued at $1,841,645.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $931.44, for a total value of $3,725,760.00. Following the completion of the sale, the chief executive officer now owns 1,618 shares of the company’s stock, valued at approximately $1,507,069.92. The disclosure for this sale can be found here. Insiders sold 38,395 shares of company stock valued at $37,941,725 in the last 90 days. Corporate insiders own 13.92% of the company’s stock.

Shares of Alphabet Inc. (NASDAQ:GOOG) opened at $1,010.17 on Friday. The stock has a market capitalization of $701,867.13, a price-to-earnings ratio of 33.82 and a beta of 0.94. Alphabet Inc. has a 1-year low of $743.10 and a 1-year high of $1,062.38. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $8.31 by $1.26. The company had revenue of $27.77 billion during the quarter, compared to analyst estimates of $27.17 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $9.06 earnings per share.

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Alphabet Profile

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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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