Giverny Capital Inc. raised its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,936 shares of the information services provider’s stock after purchasing an additional 244 shares during the period. Alphabet accounts for 3.4% of Giverny Capital Inc.’s holdings, making the stock its 14th biggest position. Giverny Capital Inc.’s holdings in Alphabet were worth $20,843,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Riggs Asset Managment Co. Inc. lifted its holdings in Alphabet by 39.6% during the second 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 in the last quarter. Farmers National Bank raised its position in shares of Alphabet by 15.0% in the first quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock valued at $134,000 after buying an additional 21 shares during the last quarter. St. Johns Investment Management Company LLC raised its position in shares of Alphabet by 1,046.7% in the second quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock valued at $156,000 after buying an additional 157 shares during the last quarter. Catamount Wealth Management raised its position in shares of Alphabet by 5.8% in the second quarter. Catamount Wealth Management now owns 182 shares of the information services provider’s stock valued at $165,000 after buying an additional 10 shares during the last quarter. Finally, Cribstone Capital Management LLC raised its position in shares of Alphabet by 5.7% in the second quarter. Cribstone Capital Management LLC now owns 184 shares of the information services provider’s stock valued at $167,000 after buying an additional 10 shares during the last quarter. 34.28% of the stock is currently owned by institutional investors and hedge funds.

Shares of Alphabet Inc. (GOOG) opened at $1,025.75 on Tuesday. Alphabet Inc. has a 52-week low of $727.54 and a 52-week high of $1,048.39. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $714,304.06, a price-to-earnings ratio of 34.42 and a beta of 0.95.

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

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A number of brokerages have recently commented on GOOG. Vetr upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,067.64 target price for the company in a research report on Monday. Oppenheimer Holdings, Inc. restated an “outperform” rating on shares of Alphabet in a research report on Friday, October 27th. UBS AG restated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Finally, Macquarie reiterated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirty-nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $1,047.52.

In other news, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $926.79, for a total transaction of $3,707,160.00. Following the transaction, the chief executive officer now directly owns 1,389 shares of the company’s stock, valued at $1,287,311.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ann Mather sold 37 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $940.67, for a total value of $34,804.79. Following the transaction, the director now directly owns 1,789 shares in the company, valued at $1,682,858.63. The disclosure for this sale can be found here. Insiders sold 26,158 shares of company stock worth $25,062,399 over the last ninety days. 13.92% of the stock is owned by corporate insiders.

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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