Cape Cod Five Cents Savings Bank lifted its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,425 shares of the information services provider’s stock after purchasing an additional 169 shares during the quarter. Alphabet comprises 1.3% of Cape Cod Five Cents Savings Bank’s portfolio, making the stock its 17th largest position. Cape Cod Five Cents Savings Bank’s holdings in Alphabet were worth $7,689,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the company. Diversified Trust Co boosted its stake in Alphabet by 0.7% during the 3rd quarter. Diversified Trust Co now owns 1,508 shares of the information services provider’s stock valued at $1,800,000 after purchasing an additional 10 shares in the last quarter. Bath Savings Trust Co boosted its stake in Alphabet by 4.1% during the 4th quarter. Bath Savings Trust Co now owns 256 shares of the information services provider’s stock valued at $265,000 after purchasing an additional 10 shares in the last quarter. Vigilant Capital Management LLC boosted its stake in Alphabet by 6.4% during the 4th quarter. Vigilant Capital Management LLC now owns 183 shares of the information services provider’s stock valued at $190,000 after purchasing an additional 11 shares in the last quarter. Kistler Tiffany Companies LLC boosted its stake in Alphabet by 2.5% during the 4th quarter. Kistler Tiffany Companies LLC now owns 499 shares of the information services provider’s stock valued at $517,000 after purchasing an additional 12 shares in the last quarter. Finally, First Midwest Bank Trust Division boosted its stake in Alphabet by 3.8% during the 4th quarter. First Midwest Bank Trust Division now owns 414 shares of the information services provider’s stock valued at $429,000 after purchasing an additional 15 shares in the last quarter. Institutional investors and hedge funds own 34.02% of the company’s stock.

A number of equities analysts have issued reports on GOOG shares. Nomura reaffirmed a “buy” rating on shares of Alphabet in a research note on Tuesday, December 4th. BidaskClub raised Alphabet from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 13th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Alphabet in a research note on Friday, December 21st. Canaccord Genuity raised Alphabet from a “hold” rating to a “buy” rating in a research note on Thursday, January 3rd. Finally, UBS Group reaffirmed a “buy” rating on shares of Alphabet in a research note on Monday, January 14th. Three analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $1,327.66.

GOOG opened at $1,223.97 on Thursday. The firm has a market cap of $833.43 billion, a PE ratio of 25.76, a P/E/G ratio of 1.43 and a beta of 1.04. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.92 and a quick ratio of 3.89. Alphabet Inc has a fifty-two week low of $970.11 and a fifty-two week high of $1,273.89.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Monday, February 4th. The information services provider reported $12.77 earnings per share for the quarter, topping the consensus estimate of $10.86 by $1.91. The business had revenue of $39.28 billion during the quarter, compared to analyst estimates of $38.91 billion. Alphabet had a return on equity of 19.94% and a net margin of 22.47%. The company’s revenue was up 21.5% compared to the same quarter last year. During the same period last year, the company posted $9.70 EPS. Equities research analysts forecast that Alphabet Inc will post 47.38 earnings per share for the current fiscal year.

In other news, VP Amie Thuener O’toole sold 80 shares of the firm’s stock in a transaction on Thursday, January 3rd. The stock was sold at an average price of $1,041.00, for a total value of $83,280.00. Following the completion of the sale, the vice president now owns 388 shares of the company’s stock, valued at $403,908. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sundar Pichai sold 10,000 shares of the firm’s stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $1,023.13, for a total value of $10,231,300.00. Following the completion of the sale, the chief executive officer now directly owns 816 shares of the company’s stock, valued at approximately $834,874.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,437 shares of company stock valued at $27,931,021. 13.11% of the stock is currently owned by insiders.

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Alphabet Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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