Old North State Trust LLC raised its stake in Alphabet Inc (NASDAQ:GOOG) by 6.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 191 shares of the information services provider’s stock after purchasing an additional 12 shares during the period. Old North State Trust LLC’s holdings in Alphabet were worth $233,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. First Bank & Trust grew its position in shares of Alphabet by 0.8% during the second quarter. First Bank & Trust now owns 1,025 shares of the information services provider’s stock worth $1,108,000 after acquiring an additional 8 shares during the last quarter. Central Bank & Trust Co. grew its position in shares of Alphabet by 3.1% during the second quarter. Central Bank & Trust Co. now owns 295 shares of the information services provider’s stock worth $319,000 after acquiring an additional 9 shares during the last quarter. Telos Capital Management Inc. grew its position in shares of Alphabet by 1.0% during the second quarter. Telos Capital Management Inc. now owns 921 shares of the information services provider’s stock worth $996,000 after acquiring an additional 9 shares during the last quarter. Tarbox Family Office Inc. grew its position in shares of Alphabet by 6.8% during the second quarter. Tarbox Family Office Inc. now owns 141 shares of the information services provider’s stock worth $152,000 after acquiring an additional 9 shares during the last quarter. Finally, Aveo Capital Partners LLC grew its position in shares of Alphabet by 3.1% during the second quarter. Aveo Capital Partners LLC now owns 298 shares of the information services provider’s stock worth $339,000 after acquiring an additional 9 shares during the last quarter. Institutional investors own 33.79% of the company’s stock.

In other Alphabet news, VP Amie Thuener O’toole sold 55 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $1,200.74, for a total value of $66,040.70. Following the completion of the sale, the vice president now owns 388 shares of the company’s stock, valued at $465,887.12. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ann Mather sold 25 shares of the firm’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $1,219.01, for a total value of $30,475.25. Following the completion of the sale, the director now directly owns 1,816 shares of the company’s stock, valued at approximately $2,213,722.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,391 shares of company stock valued at $6,502,992. Corporate insiders own 12.99% of the company’s stock.

Shares of NASDAQ GOOG traded up $13.18 during mid-day trading on Wednesday, hitting $1,202.31. 871,453 shares of the company were exchanged, compared to its average volume of 1,458,454. The company has a quick ratio of 3.96, a current ratio of 3.98 and a debt-to-equity ratio of 0.07. The stock has a 50 day simple moving average of $1,204.58 and a 200-day simple moving average of $1,171.76. Alphabet Inc has a 1-year low of $970.11 and a 1-year high of $1,289.27. The firm has a market cap of $838.32 billion, a price-to-earnings ratio of 25.31, a price-to-earnings-growth ratio of 1.41 and a beta of 0.99.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, July 25th. The information services provider reported $14.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $11.49 by $2.72. Alphabet had a return on equity of 20.15% and a net margin of 23.43%. The firm had revenue of $38.94 billion during the quarter, compared to the consensus estimate of $38.21 billion. During the same period last year, the company earned $11.75 earnings per share. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. Analysts anticipate that Alphabet Inc will post 51.66 earnings per share for the current fiscal year.

GOOG has been the topic of a number of research reports. Zacks Investment Research lowered shares of Alphabet from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Credit Suisse Group raised their target price on shares of Alphabet from $1,400.00 to $1,500.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Bank of America restated a “buy” rating and set a $1,450.00 target price (up from $1,350.00) on shares of Alphabet in a research report on Friday, July 26th. JPMorgan Chase & Co. restated a “buy” rating on shares of Alphabet in a research report on Friday, July 26th. Finally, Deutsche Bank restated a “buy” rating on shares of Alphabet in a research report on Thursday, October 3rd. Four investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. Alphabet presently has a consensus rating of “Buy” and a consensus price target of $1,378.93.

About Alphabet

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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