Hendershot Investments Inc. bought a new stake in Alphabet Inc (NASDAQ:GOOG) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 2,024 shares of the information services provider’s stock, valued at approximately $1,941,000.

Several other large investors have also recently added to or reduced their stakes in GOOG. CNA Financial Corp bought a new position in Alphabet during the first quarter worth $2,281,000. HighTower Advisors LLC boosted its position in Alphabet by 13.6% during the first quarter. HighTower Advisors LLC now owns 39,911 shares of the information services provider’s stock worth $32,994,000 after purchasing an additional 4,769 shares during the period. Harbour Capital Advisors LLC boosted its position in Alphabet by 0.7% during the first quarter. Harbour Capital Advisors LLC now owns 2,289 shares of the information services provider’s stock worth $1,899,000 after purchasing an additional 15 shares during the period. Green Square Capital LLC boosted its position in Alphabet by 13.7% during the first quarter. Green Square Capital LLC now owns 1,751 shares of the information services provider’s stock worth $1,452,000 after purchasing an additional 211 shares during the period. Finally, Bath Savings Trust Co bought a new position in Alphabet during the second quarter worth $226,000. 34.63% of the stock is owned by institutional investors and hedge funds.

Alphabet Inc (GOOG) opened at $1,106.26 on Wednesday. The company has a market capitalization of $771,140.00, a PE ratio of 36.85 and a beta of 0.94. Alphabet Inc has a 52 week low of $790.52 and a 52 week high of $1,111.27. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the Zacks’ consensus estimate of $8.31 by $1.26. The business had revenue of $27.77 billion during the quarter, compared to the consensus estimate 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 in the previous year, the firm earned $9.06 earnings per share.

GOOG has been the subject of a number of research analyst reports. Wells Fargo & Co reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. UBS Group reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Societe Generale reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Vetr cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,065.12 price objective for the company. in a research report on Thursday, December 7th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Alphabet in a research report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and thirty-eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $1,044.41.

In related news, VP James Grier Campbell sold 183 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $1,048.34, for a total value of $191,846.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $1,065.21, for a total value of $4,260,840.00. Following the completion of the transaction, the chief executive officer now directly owns 1,031 shares of the company’s stock, valued at approximately $1,098,231.51. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,900 shares of company stock valued at $37,877,147. 13.92% of the stock is owned by insiders.

WARNING: This report was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this report on another publication, it was illegally copied and republished in violation of international trademark & copyright laws. The original version of this report can be viewed at https://www.thecerbatgem.com/2018/01/10/2024-shares-in-alphabet-inc-goog-acquired-by-hendershot-investments-inc.html.

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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