Alphabet Inc (NASDAQ:GOOG) Shares Purchased by Wright Investors Service Inc.

Wright Investors Service Inc. boosted its stake in Alphabet Inc (NASDAQ:GOOG) by 1.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,613 shares of the information services provider’s stock after acquiring an additional 35 shares during the period. Alphabet accounts for about 1.5% of Wright Investors Service Inc.’s holdings, making the stock its 17th biggest position. Wright Investors Service Inc.’s holdings in Alphabet were worth $3,905,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Curbstone Financial Management Corp boosted its stake in shares of Alphabet by 4.3% during the 2nd quarter. Curbstone Financial Management Corp now owns 3,412 shares of the information services provider’s stock worth $3,688,000 after acquiring an additional 140 shares in the last quarter. B. Riley Wealth Management Inc. boosted its stake in shares of Alphabet by 9.0% during the 1st quarter. B. Riley Wealth Management Inc. now owns 980 shares of the information services provider’s stock worth $1,150,000 after acquiring an additional 81 shares in the last quarter. First National Bank of Hutchinson boosted its stake in shares of Alphabet by 3.7% during the 4th quarter. First National Bank of Hutchinson now owns 1,232 shares of the information services provider’s stock worth $1,276,000 after acquiring an additional 44 shares in the last quarter. Coronation Fund Managers Ltd. boosted its stake in shares of Alphabet by 18.8% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 14,918 shares of the information services provider’s stock worth $16,125,000 after acquiring an additional 2,363 shares in the last quarter. Finally, Atlantic Union Bankshares Corp boosted its stake in shares of Alphabet by 4.2% during the 2nd quarter. Atlantic Union Bankshares Corp now owns 699 shares of the information services provider’s stock worth $756,000 after acquiring an additional 28 shares in the last quarter. Hedge funds and other institutional investors own 33.98% of the company’s stock.

In other Alphabet news, CAO Amie Thuener O’toole sold 69 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $1,042.90, for a total transaction of $71,960.10. Following the transaction, the chief accounting officer now owns 388 shares of the company’s stock, valued at approximately $404,645.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Capitalg Lp purchased 140,000 shares of Alphabet stock in a transaction on Friday, June 14th. The shares were acquired at an average cost of $34.00 per share, for a total transaction of $4,760,000.00. The disclosure for this purchase can be found here. In the last three months, insiders have sold 2,123 shares of company stock worth $2,553,758. Corporate insiders own 12.99% of the company’s stock.

Several equities research analysts have recently commented on GOOG shares. Barclays reissued a “buy” rating on shares of Alphabet in a research note on Friday, July 26th. Credit Suisse Group boosted their price target on Alphabet from $1,400.00 to $1,500.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Oppenheimer boosted their price target on Alphabet from $1,342.00 to $1,370.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. BidaskClub raised Alphabet from a “hold” rating to a “buy” rating in a research note on Saturday, July 13th. Finally, UBS Group reaffirmed a “buy” rating on shares of Alphabet in a research note on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. Alphabet presently has a consensus rating of “Buy” and an average target price of $1,378.93.

GOOG stock traded up $7.67 on Thursday, reaching $1,171.96. The company had a trading volume of 600,402 shares, compared to its average volume of 1,719,128. Alphabet Inc has a 1 year low of $970.11 and a 1 year 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 firm’s fifty day moving average price is $1,155.12. The company has a market capitalization of $814.54 billion, a P/E ratio of 24.67, a P/E/G ratio of 1.29 and a beta of 0.96.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, July 25th. The information services provider reported $14.21 earnings per share 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 company had revenue of $38.94 billion for the quarter, compared to analyst estimates of $38.21 billion. During the same quarter in the prior year, the company posted $11.75 EPS. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. As a group, equities analysts anticipate that Alphabet Inc will post 52.1 EPS for the current year.

Alphabet Company Profile

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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