Zweig DiMenna Associates LLC boosted its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 20.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,032 shares of the information services provider’s stock after acquiring an additional 3,012 shares during the period. Alphabet makes up approximately 1.2% of Zweig DiMenna Associates LLC’s holdings, making the stock its 24th largest holding. Zweig DiMenna Associates LLC’s holdings in Alphabet were worth $16,386,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of GOOG. Capital Investment Advisory Services LLC grew its stake in shares of Alphabet by 0.4% in the 2nd quarter. Capital Investment Advisory Services LLC now owns 253 shares of the information services provider’s stock valued at $230,000 after purchasing an additional 1 shares during the period. Foster & Motley Inc. grew its stake in shares of Alphabet by 0.8% in the 2nd quarter. Foster & Motley Inc. now owns 265 shares of the information services provider’s stock valued at $241,000 after purchasing an additional 2 shares during the period. Gradient Investments LLC grew its stake in shares of Alphabet by 0.6% in the 2nd quarter. Gradient Investments LLC now owns 506 shares of the information services provider’s stock valued at $460,000 after purchasing an additional 3 shares during the period. Saratoga Research & Investment Management grew its stake in shares of Alphabet by 1.2% in the 2nd quarter. Saratoga Research & Investment Management now owns 257 shares of the information services provider’s stock valued at $234,000 after purchasing an additional 3 shares during the period. Finally, Edge Wealth Management LLC grew its stake in shares of Alphabet by 0.9% in the 2nd quarter. Edge Wealth Management LLC now owns 340 shares of the information services provider’s stock valued at $309,000 after purchasing an additional 3 shares during the period. Hedge funds and other institutional investors own 34.43% of the company’s stock.

GOOG has been the topic of several analyst reports. UBS AG reiterated a “buy” rating and issued a $1,080.00 price objective on shares of Alphabet in a research note on Tuesday, July 25th. Needham & Company LLC reiterated a “buy” rating and issued a $1,100.00 price objective (up from $1,050.00) on shares of Alphabet in a research note on Tuesday, July 25th. J P Morgan Chase & Co reiterated a “buy” rating on shares of Alphabet in a research note on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Alphabet in a research note on Tuesday, July 25th. Finally, JMP Securities reiterated an “outperform” rating and issued a $1,077.00 price objective on shares of Alphabet in a research note on Tuesday, July 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-eight have assigned a buy rating to the company’s stock. Alphabet has an average rating of “Buy” and a consensus target price of $1,047.52.

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Alphabet Inc. (GOOG) opened at $1,018.38 on Tuesday. The stock has a market capitalization of $713,370.00, a PE ratio of 34.12 and a beta of 0.96. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. Alphabet Inc. has a 1-year low of $737.02 and a 1-year high of $1,048.39.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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%. Alphabet’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same quarter last year, the company earned $9.06 EPS.

In other news, Director Ann Mather sold 37 shares of the firm’s stock in a transaction dated 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 owns 1,789 shares in the company, valued at approximately $1,682,858.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $931.44, for a total value of $3,725,760.00. Following the completion of the transaction, the chief executive officer now owns 1,618 shares of the company’s stock, valued at approximately $1,507,069.92. The disclosure for this sale can be found here. Insiders sold a total of 38,394 shares of company stock valued at $37,937,930 in the last 90 days. 13.92% of the stock is owned by corporate insiders.

Alphabet 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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