Saybrook Capital NC increased its stake in Alphabet Inc (NASDAQ:GOOG) by 5.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,244 shares of the information services provider’s stock after acquiring an additional 650 shares during the period. Alphabet makes up approximately 6.3% of Saybrook Capital NC’s investment portfolio, making the stock its 2nd biggest position. Saybrook Capital NC’s holdings in Alphabet were worth $13,660,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Braun Bostich & Associates Inc. bought a new stake in Alphabet during the first quarter worth approximately $107,000. JJJ Advisors Inc. bought a new stake in Alphabet during the second quarter worth approximately $134,000. Stelac Advisory Services LLC bought a new stake in Alphabet during the first quarter worth approximately $145,000. Well Done LLC bought a new stake in Alphabet during the first quarter worth approximately $176,000. Finally, Blackhawk Capital Partners LLC. boosted its holdings in Alphabet by 148.6% during the second quarter. Blackhawk Capital Partners LLC. now owns 174 shares of the information services provider’s stock worth $194,000 after buying an additional 104 shares in the last quarter. Institutional investors and hedge funds own 34.16% of the company’s stock.
In other Alphabet news, VP Amie Thuener O’toole sold 80 shares of the stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $1,073.72, for a total value of $85,897.60. Following the completion of the sale, the vice president now owns 388 shares in the company, valued at approximately $416,603.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 10,000 shares of the stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $1,073.27, for a total transaction of $10,732,700.00. Following the completion of the sale, the chief executive officer now owns 844 shares of the company’s stock, valued at approximately $905,839.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 87,621 shares of company stock valued at $102,660,942. Insiders own 13.11% of the company’s stock.
GOOG stock opened at $1,066.15 on Friday. Alphabet Inc has a 12-month low of $980.64 and a 12-month high of $1,273.89. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.14 and a quick ratio of 4.10. The company has a market capitalization of $760.87 billion, a price-to-earnings ratio of 24.60 and a beta of 1.16.
Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, October 25th. The information services provider reported $13.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.41 by $2.65. Alphabet had a net margin of 14.45% and a return on equity of 19.40%. The company had revenue of $27.16 billion during the quarter.
A number of analysts recently weighed in on the stock. Oppenheimer restated a “buy” rating on shares of Alphabet in a report on Wednesday, July 25th. Barclays restated a “buy” rating on shares of Alphabet in a report on Friday, October 26th. Cowen raised their target price on shares of Alphabet from $1,245.00 to $1,350.00 and gave the stock an “outperform” rating in a report on Friday, July 13th. Morgan Stanley restated a “buy” rating on shares of Alphabet in a report on Tuesday, July 24th. Finally, Wedbush started coverage on shares of Alphabet in a research note on Wednesday, October 17th. They issued an “outperform” rating for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-eight have issued a buy rating to the company’s stock. Alphabet has an average rating of “Buy” and an average target price of $1,301.81.
Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.
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