Trust Co boosted its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,110 shares of the information services provider’s stock after acquiring an additional 51 shares during the quarter. Alphabet accounts for about 2.0% of Trust Co’s investment portfolio, making the stock its 22nd largest holding. Trust Co’s holdings in Alphabet were worth $4,239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Cambridge Advisors Inc. boosted its holdings in Alphabet by 0.4% during the 1st quarter. Cambridge Advisors Inc. now owns 272 shares of the information services provider’s stock valued at $226,000 after acquiring an additional 1 shares during the period. Howland Capital Management LLC boosted its holdings in Alphabet by 0.3% during the 1st quarter. Howland Capital Management LLC now owns 637 shares of the information services provider’s stock valued at $528,000 after acquiring an additional 2 shares during the period. Lederer & Associates Investment Counsel CA boosted its holdings in Alphabet by 0.4% during the 1st quarter. Lederer & Associates Investment Counsel CA now owns 1,091 shares of the information services provider’s stock valued at $905,000 after acquiring an additional 4 shares during the period. Hodges Capital Management Inc. boosted its holdings in Alphabet by 1.4% during the 1st quarter. Hodges Capital Management Inc. now owns 298 shares of the information services provider’s stock valued at $247,000 after acquiring an additional 4 shares during the period. Finally, CGOV Asset Management boosted its holdings in Alphabet by 0.4% during the 1st quarter. CGOV Asset Management now owns 1,405 shares of the information services provider’s stock valued at $1,553,000 after acquiring an additional 5 shares during the period. Institutional investors own 34.52% of the company’s stock.

Several equities research analysts recently weighed in on the company. Piper Jaffray Companies restated an “overweight” rating and set a $1,050.00 target price on shares of Alphabet in a report on Wednesday, August 9th. Moffett Nathanson reiterated a “buy” rating on shares of Alphabet in a report on Friday, June 9th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $1,050.00 price objective on shares of Alphabet in a report on Monday, September 11th. BidaskClub cut Alphabet from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. Finally, MKM Partners reiterated a “buy” rating and issued a $1,210.00 price objective (up previously from $1,170.00) on shares of Alphabet in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and forty-one have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $1,031.14.

In other Alphabet news, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $955.25, for a total value of $3,821,000.00. Following the sale, the chief executive officer now directly owns 1,683 shares of the company’s stock, valued at $1,607,685.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP James Grier Campbell sold 183 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $911.16, for a total transaction of $166,742.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,680 shares of company stock worth $43,521,363. 13.92% of the stock is owned by corporate insiders.

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Alphabet Inc. (GOOG) traded down 0.22% during trading on Monday, reaching $918.25. The company had a trading volume of 474,965 shares. The firm has a market capitalization of $636.24 billion, a P/E ratio of 33.28 and a beta of 0.94. Alphabet Inc. has a 52 week low of $727.54 and a 52 week high of $988.25. The stock has a 50 day moving average price of $925.04 and a 200 day moving average price of $907.53.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, beating the consensus estimate of $4.43 by $0.58. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The company had revenue of $26.01 billion for the quarter, compared to analyst estimates of $25.61 billion. During the same period in the prior year, the company earned $8.42 earnings per share. The firm’s revenue was up 21.0% on a year-over-year basis. Analysts predict that Alphabet Inc. will post $30.59 earnings per share for the current year.

Alphabet Company 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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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