Pax World Management LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,010 shares of the information services provider’s stock after buying an additional 153 shares during the quarter. Alphabet comprises 1.3% of Pax World Management LLC’s holdings, making the stock its 18th largest position. Pax World Management LLC’s holdings in Alphabet were worth $23,636,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Perennial Advisors LLC grew its stake in shares of Alphabet by 8.7% in the second quarter. Perennial Advisors LLC now owns 3,232 shares of the information services provider’s stock valued at $2,937,000 after buying an additional 260 shares in the last quarter. Doyle Wealth Management grew its stake in shares of Alphabet by 6.7% in the second quarter. Doyle Wealth Management now owns 3,182 shares of the information services provider’s stock valued at $2,891,000 after buying an additional 200 shares in the last quarter. Carret Asset Management LLC grew its stake in shares of Alphabet by 1.5% in the first quarter. Carret Asset Management LLC now owns 9,982 shares of the information services provider’s stock valued at $8,281,000 after buying an additional 145 shares in the last quarter. Rothschild Investment Corp IL grew its stake in shares of Alphabet by 1.7% in the second quarter. Rothschild Investment Corp IL now owns 10,809 shares of the information services provider’s stock valued at $9,823,000 after buying an additional 184 shares in the last quarter. Finally, AKO Capital LLP grew its stake in shares of Alphabet by 6.8% in the second quarter. AKO Capital LLP now owns 51,624 shares of the information services provider’s stock valued at $46,912,000 after buying an additional 3,289 shares in the last quarter. Hedge funds and other institutional investors own 34.28% of the company’s stock.

In related news, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $924.36, for a total value of $3,697,440.00. Following the completion of the sale, the chief executive officer now directly owns 1,324 shares in the company, valued at approximately $1,223,852.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ann Mather sold 37 shares of the stock in a transaction 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 disclosure for this sale can be found here. Insiders sold a total of 22,158 shares of company stock worth $21,355,239 over the last ninety days. Corporate insiders own 13.92% of the company’s stock.

GOOG has been the subject of a number of research reports. Cowen and Company reaffirmed an “outperform” rating and issued a $1,075.00 price objective on shares of Alphabet in a research note on Thursday, August 10th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. UBS AG reissued a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. J P Morgan Chase & Co reissued a “buy” rating on shares of Alphabet in a research note on Tuesday, July 25th. Finally, Societe Generale reissued a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirty-nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $1,047.52.

Alphabet Inc. (NASDAQ GOOG) opened at $1,020.91 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. The firm has a market capitalization of $712,865.88, a price-to-earnings ratio of 34.35 and a beta of 0.95. Alphabet Inc. has a 52-week low of $737.02 and a 52-week high of $1,048.39.

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

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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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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