Bingham Osborn & Scarborough LLC Has $1.08 Million Stake in Alphabet Inc. (GOOG)

Bingham Osborn & Scarborough LLC grew its position in Alphabet Inc. (NASDAQ:GOOG) by 38.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,184 shares of the information services provider’s stock after buying an additional 331 shares during the quarter. Bingham Osborn & Scarborough LLC’s holdings in Alphabet were worth $1,076,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Riggs Asset Managment Co. Inc. grew its holdings 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 worth $128,000 after acquiring an additional 40 shares during the period. Farmers National Bank boosted its position in Alphabet by 15.0% during the first quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock worth $134,000 after purchasing an additional 21 shares in the last quarter. St. Johns Investment Management Company LLC boosted its position 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 worth $156,000 after purchasing an additional 157 shares in the last quarter. Cribstone Capital Management LLC boosted its position in Alphabet by 5.7% during the second quarter. Cribstone Capital Management LLC now owns 184 shares of the information services provider’s stock worth $167,000 after purchasing an additional 10 shares in the last quarter. Finally, Baker Boyer National Bank purchased a new position in Alphabet during the second quarter worth approximately $200,000. Hedge funds and other institutional investors own 34.28% of the company’s stock.

Alphabet Inc. (NASDAQ GOOG) opened at $1,025.75 on Tuesday. The company has a market cap of $714,304.06, a price-to-earnings ratio of 34.42 and a beta of 0.95. Alphabet Inc. has a twelve month low of $727.54 and a twelve month high of $1,048.39. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.31 by $1.26. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The company had revenue of $27.77 billion for the quarter, compared to the consensus estimate of $27.17 billion. During the same quarter in the previous year, the firm posted $9.06 EPS. The business’s revenue was up 23.7% compared to the same quarter last year.

In other Alphabet news, Director Ann Mather sold 37 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $940.67, for a total value of $34,804.79. Following the completion of the sale, the director now owns 1,789 shares of the company’s stock, valued at $1,682,858.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP James Grier Campbell sold 183 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $933.08, for a total transaction of $170,753.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,158 shares of company stock worth $25,062,399. Insiders own 13.92% of the company’s stock.

Several equities analysts have recently weighed in on the company. Pivotal Research restated a “hold” rating and issued a $980.00 target price (down previously from $990.00) on shares of Alphabet in a research report on Monday, July 17th. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,050.00 price target on shares of Alphabet in a report on Monday, July 17th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Alphabet in a report on Wednesday, July 19th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $1,220.00 price target on shares of Alphabet in a report on Friday, July 21st. Finally, Morgan Stanley reissued an “overweight” rating and set a $1,050.00 target price on shares of Alphabet in a research note on Saturday, July 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating and thirty-nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $1,047.52.

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About Alphabet

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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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