State Board of Administration of Florida Retirement System increased its stake in Alphabet Inc. (NASDAQ:GOOG) by 0.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 432,194 shares of the information services provider’s stock after purchasing an additional 1,558 shares during the period. Alphabet makes up approximately 1.1% of State Board of Administration of Florida Retirement System’s portfolio, making the stock its 10th biggest holding. State Board of Administration of Florida Retirement System owned approximately 0.06% of Alphabet worth $392,748,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Riggs Asset Managment Co. Inc. grew its position 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 acquiring an additional 40 shares during the last quarter. Farmers National Bank grew its holdings 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 worth $134,000 after purchasing an additional 21 shares during the last quarter. St. Johns Investment Management Company LLC grew its holdings 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 worth $156,000 after purchasing an additional 157 shares during the last quarter. Catamount Wealth Management grew its holdings 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 worth $165,000 after purchasing an additional 10 shares during the last quarter. Finally, Cribstone Capital Management LLC grew its holdings 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 worth $167,000 after purchasing an additional 10 shares during the last quarter. Institutional investors own 34.28% of the company’s stock.

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Shares of Alphabet Inc. (NASDAQ GOOG) opened at $1,020.91 on Thursday. 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 Inc. has a 12 month low of $737.02 and a 12 month high of $1,048.39. The company has a market capitalization of $712,865.88, a PE ratio of 34.35 and a beta of 0.95.

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

Several research analysts have recently issued reports on the stock. Vetr upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,067.64 target price on the stock in a report on Monday. Oppenheimer Holdings, Inc. restated an “outperform” rating on shares of Alphabet in a report on Friday, October 27th. UBS AG restated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Finally, Macquarie restated a “buy” rating on shares of Alphabet in a report on Friday, October 27th. One equities 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. Alphabet has an average rating of “Buy” and an average target price of $1,047.52.

In other Alphabet news, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $931.44, for a total value of $3,725,760.00. Following the sale, the chief executive officer now directly owns 1,618 shares of the company’s stock, valued at $1,507,069.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP David C. Drummond sold 1,496 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $939.76, for a total value of $1,405,880.96. Following the completion of the sale, the senior vice president now directly owns 52 shares in the company, valued at $48,867.52. The disclosure for this sale can be found here. Insiders sold 22,158 shares of company stock worth $21,355,239 over the last three months. Corporate insiders own 13.92% of the company’s stock.

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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