Fulton Bank N.A. lowered its position in shares of Alphabet Inc (NASDAQ:GOOG) by 3.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,326 shares of the information services provider’s stock after selling 131 shares during the period. Fulton Bank N.A.’s holdings in Alphabet were worth $3,190,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Burt Wealth Advisors increased its stake in shares of Alphabet by 17.2% in the second quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock worth $123,000 after buying an additional 20 shares during the last quarter. Signature Estate & Investment Advisors LLC increased its stake in shares of Alphabet by 3.8% in the second quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock worth $124,000 after buying an additional 5 shares during the last quarter. Archford Capital Strategies LLC increased its stake in shares of Alphabet by 400.0% in the second quarter. Archford Capital Strategies LLC now owns 1,040 shares of the information services provider’s stock worth $139,000 after buying an additional 832 shares during the last quarter. Almanack Investment Partners LLC. increased its stake in shares of Alphabet by 4.5% in the second quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock worth $147,000 after buying an additional 7 shares during the last quarter. Finally, St. Johns Investment Management Company LLC increased its stake 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 buying an additional 157 shares during the last quarter. Institutional investors own 34.74% of the company’s stock.

A number of brokerages recently issued reports on GOOG. BidaskClub upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a research note on Tuesday, December 12th. Bank of America reiterated a “buy” rating and set a $1,100.00 target price on shares of Alphabet in a research note on Tuesday, September 26th. Royal Bank of Canada reiterated a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. Vetr lowered shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,065.12 target price for the company. in a research note on Thursday, December 7th. Finally, Morgan Stanley reiterated a “buy” rating on shares of Alphabet in a research note on Friday, September 29th. One investment 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 stock currently has an average rating of “Buy” and an average target price of $1,047.45.

Alphabet Inc (NASDAQ GOOG) opened at $1,064.19 on Monday. The firm has a market capitalization of $739,400.25, a PE ratio of 35.63 and a beta of 0.93. Alphabet Inc has a twelve month low of $770.41 and a twelve month high of $1,067.62. 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 (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $8.31 by $1.26. The business 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 quarterly revenue was up 23.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $9.06 EPS.

In other Alphabet news, VP James Grier Campbell sold 183 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $959.26, for a total transaction of $175,544.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ann Mather sold 38 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $959.26, for a total value of $36,451.88. Following the sale, the director now directly owns 1,797 shares of the company’s stock, valued at approximately $1,723,790.22. The disclosure for this sale can be found here. In the last three months, insiders sold 36,900 shares of company stock valued at $36,837,100. 13.92% of the stock is currently owned by company insiders.

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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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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