Alphabet Inc (NASDAQ:GOOG) Stock Position Increased by Zevin Asset Management LLC

Zevin Asset Management LLC raised its holdings in Alphabet Inc (NASDAQ:GOOG) by 0.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,171 shares of the information services provider’s stock after purchasing an additional 55 shares during the period. Alphabet accounts for approximately 3.6% of Zevin Asset Management LLC’s portfolio, making the stock its 7th largest holding. Zevin Asset Management LLC’s holdings in Alphabet were worth $11,179,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in GOOG. Neville Rodie & Shaw Inc. lifted its stake in shares of Alphabet by 0.8% during the second quarter. Neville Rodie & Shaw Inc. now owns 11,850 shares of the information services provider’s stock valued at $12,809,000 after buying an additional 90 shares during the period. Bath Savings Trust Co lifted its stake in shares of Alphabet by 9.7% during the second quarter. Bath Savings Trust Co now owns 417 shares of the information services provider’s stock valued at $451,000 after buying an additional 37 shares during the period. Thomasville National Bank lifted its stake in shares of Alphabet by 3.5% during the second quarter. Thomasville National Bank now owns 12,739 shares of the information services provider’s stock valued at $13,770,000 after buying an additional 426 shares during the period. Park National Corp OH lifted its stake in shares of Alphabet by 2.6% during the second quarter. Park National Corp OH now owns 763 shares of the information services provider’s stock valued at $824,000 after buying an additional 19 shares during the period. Finally, LVM Capital Management Ltd. MI increased its position in Alphabet by 13.4% during the second quarter. LVM Capital Management Ltd. MI now owns 422 shares of the information services provider’s stock worth $456,000 after purchasing an additional 50 shares during the last quarter. 33.78% of the stock is currently owned by institutional investors and hedge funds.

GOOG has been the subject of several research analyst reports. William Blair reaffirmed an “outperform” rating on shares of Alphabet in a research report on Tuesday, October 29th. Benchmark reaffirmed a “buy” rating and set a $1,360.00 price target (up previously from $1,315.00) on shares of Alphabet in a research report on Friday, July 26th. ValuEngine lowered shares of Alphabet from a “hold” rating to a “sell” rating in a research report on Thursday, October 10th. Wedbush upped their price target on shares of Alphabet from $1,350.00 to $1,500.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Deutsche Bank dropped their price target on shares of Alphabet from $1,600.00 to $1,550.00 and set a “buy” rating for the company in a research report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $1,460.27.

In related news, CAO Amie Thuener O’toole sold 54 shares of Alphabet stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $1,191.53, for a total value of $64,342.62. Following the sale, the chief accounting officer now directly owns 388 shares in the company, valued at approximately $462,313.64. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ann Mather sold 25 shares of Alphabet stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $1,219.01, for a total transaction of $30,475.25. Following the completion of the sale, the director now owns 1,816 shares in the company, valued at $2,213,722.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,043 shares of company stock worth $40,364,988. 12.99% of the stock is currently owned by insiders.

Shares of Alphabet stock traded up $2.51 during trading hours on Friday, hitting $1,311.37. The company’s stock had a trading volume of 1,251,300 shares, compared to its average volume of 1,446,592. The business has a fifty day moving average of $1,241.41 and a 200 day moving average of $1,179.65. The company has a quick ratio of 3.75, a current ratio of 3.78 and a debt-to-equity ratio of 0.07. Alphabet Inc has a 1-year low of $970.11 and a 1-year high of $1,323.74. The company has a market capitalization of $895.89 billion, a PE ratio of 27.60, a P/E/G ratio of 1.58 and a beta of 1.00.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Monday, October 28th. The information services provider reported $10.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $12.57 by ($2.45). The business had revenue of $40.50 billion during the quarter, compared to the consensus estimate of $40.17 billion. Alphabet had a return on equity of 18.34% and a net margin of 21.04%. The company’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $13.06 earnings per share. On average, sell-side analysts anticipate that Alphabet Inc will post 49.05 earnings per share for the current fiscal year.

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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