Alphabet Inc. (GOOG) Shares Bought by Heritage Wealth Advisors

Heritage Wealth Advisors increased its stake in Alphabet Inc. (NASDAQ:GOOG) by 15.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 990 shares of the information services provider’s stock after buying an additional 136 shares during the period. Heritage Wealth Advisors’ holdings in Alphabet were worth $901,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Riggs Asset Managment Co. Inc. increased its stake in Alphabet by 39.6% during the second quarter. Riggs Asset Managment Co. Inc. now owns 141 shares of the information services provider’s stock valued at $128,000 after purchasing an additional 40 shares during the last quarter. Farmers National Bank increased its stake in Alphabet by 15.0% during the first quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock valued at $134,000 after purchasing an additional 21 shares during the last quarter. St. Johns Investment Management Company LLC increased its stake in Alphabet by 1,046.7% during the second quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock valued at $156,000 after purchasing an additional 157 shares during the last quarter. Cribstone Capital Management LLC increased its stake in Alphabet by 5.7% during the second quarter. Cribstone Capital Management LLC now owns 184 shares of the information services provider’s stock valued at $167,000 after purchasing an additional 10 shares during the last quarter. Finally, Baker Boyer National Bank bought a new stake in Alphabet during the second quarter valued at $200,000. Institutional investors and hedge funds own 34.53% of the company’s stock.

In related news, Director Ann Mather sold 37 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $940.67, for a total transaction of $34,804.79. Following the transaction, the director now directly owns 1,789 shares of the company’s stock, valued at approximately $1,682,858.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $958.40, for a total value of $3,833,600.00. The disclosure for this sale can be found here. Insiders have sold a total of 40,694 shares of company stock worth $38,042,264 in the last ninety days. Insiders own 13.92% of the company’s stock.

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Several research firms have weighed in on GOOG. Vetr lowered shares of Alphabet from a “buy” rating to a “hold” rating and set a $988.73 target price for the company. in a research note on Monday, October 2nd. Wells Fargo & Company reiterated a “buy” rating on shares of Alphabet in a research note on Friday, October 6th. Macquarie reiterated an “outperform” rating and set a $995.00 target price on shares of Alphabet in a research note on Friday, October 6th. Piper Jaffray Companies reiterated an “overweight” rating and set a $1,050.00 target price on shares of Alphabet in a research note on Wednesday, August 9th. Finally, BidaskClub lowered shares of Alphabet from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $1,034.07.

Alphabet Inc. (NASDAQ:GOOG) opened at 987.83 on Friday. The firm has a market cap of $684.45 billion, a P/E ratio of 35.80 and a beta of 0.94. The company has a 50-day moving average price of $940.16 and a 200-day moving average price of $923.18. Alphabet Inc. has a 12-month low of $727.54 and a 12-month high of $994.12.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.43 by $0.58. The firm had revenue of $26.01 billion for the quarter, compared to analyst estimates of $25.61 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The business’s quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $8.42 EPS. On average, analysts predict that Alphabet Inc. will post $30.59 earnings per share for the current year.

Alphabet Company 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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