Virginia Retirement Systems ET AL grew its position in Alphabet Inc. (NASDAQ:GOOG) by 5.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 113,438 shares of the information services provider’s stock after purchasing an additional 5,800 shares during the quarter. Alphabet makes up approximately 1.3% of Virginia Retirement Systems ET AL’s portfolio, making the stock its 6th largest holding. Virginia Retirement Systems ET AL’s holdings in Alphabet were worth $103,085,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in GOOG. Cumberland Partners Ltd bought a new position in shares of Alphabet in the first quarter valued at approximately $19,498,000. North Star Investment Management Corp. raised its position in shares of Alphabet by 12.4% in the first quarter. North Star Investment Management Corp. now owns 1,293 shares of the information services provider’s stock valued at $1,073,000 after purchasing an additional 143 shares during the period. Macguire Cheswick & Tuttle Investment Counsel LLC raised its position in shares of Alphabet by 7.3% in the first quarter. Macguire Cheswick & Tuttle Investment Counsel LLC now owns 16,892 shares of the information services provider’s stock valued at $14,013,000 after purchasing an additional 1,147 shares during the period. Barrett Asset Management LLC raised its position in shares of Alphabet by 0.8% in the first quarter. Barrett Asset Management LLC now owns 36,787 shares of the information services provider’s stock valued at $30,517,000 after purchasing an additional 303 shares during the period. Finally, Tufton Capital Management raised its position in shares of Alphabet by 1.0% in the first quarter. Tufton Capital Management now owns 9,522 shares of the information services provider’s stock valued at $7,899,000 after purchasing an additional 92 shares during the period. 34.28% of the stock is currently owned by institutional investors.

In related news, Director Ann Mather sold 37 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $940.67, for a total value of $34,804.79. Following the completion of the transaction, the director now directly owns 1,789 shares in the company, valued at approximately $1,682,858.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director L John Doerr sold 12,236 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $1,021.57, for a total value of $12,499,930.52. Following the completion of the transaction, the director now owns 3,485 shares of the company’s stock, valued at $3,560,171.45. The disclosure for this sale can be found here. Insiders have sold a total of 38,394 shares of company stock valued at $37,937,930 over the last 90 days. Corporate insiders own 13.92% of the company’s stock.

Alphabet Inc. (NASDAQ:GOOG) opened at $1,019.09 on Friday. The stock has a market capitalization of $722,800.00, a PE ratio of 34.35 and a beta of 0.96. Alphabet Inc. has a 12-month low of $737.02 and a 12-month high of $1,048.39. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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% compared to the same quarter last year. During the same period in the previous year, the company earned $9.06 EPS.

Several equities research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Alphabet in a research note on Tuesday, July 25th. Canaccord Genuity restated a “hold” rating and issued a $1,000.00 price objective on shares of Alphabet in a research note on Thursday, July 27th. Royal Bank Of Canada restated a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. Finally, B. Riley restated a “buy” rating and issued a $1,050.00 price objective (up previously from $1,032.00) on shares of Alphabet in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-eight have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $1,047.52.

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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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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