Intrust Bank NA lifted its position in Alphabet Inc. (NASDAQ:GOOG) by 2.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,374 shares of the information services provider’s stock after acquiring an additional 66 shares during the period. Alphabet comprises approximately 0.7% of Intrust Bank NA’s holdings, making the stock its 24th largest position. Intrust Bank NA’s holdings in Alphabet were worth $2,158,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in GOOG. State Street Corp lifted its stake in Alphabet by 0.3% in the first quarter. State Street Corp now owns 12,067,675 shares of the information services provider’s stock valued at $10,010,859,000 after acquiring an additional 36,864 shares during the last quarter. Harbour Capital Advisors LLC lifted its stake in Alphabet by 87,001.5% in the second quarter. Harbour Capital Advisors LLC now owns 1,993,754 shares of the information services provider’s stock valued at $2,194,000 after acquiring an additional 1,991,465 shares during the last quarter. Legal & General Group Plc lifted its stake in Alphabet by 5.8% in the second quarter. Legal & General Group Plc now owns 1,438,707 shares of the information services provider’s stock valued at $1,307,419,000 after acquiring an additional 79,445 shares during the last quarter. Sanders Capital LLC lifted its stake in Alphabet by 2.7% in the second quarter. Sanders Capital LLC now owns 1,232,175 shares of the information services provider’s stock valued at $1,221,079,000 after acquiring an additional 32,770 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Alphabet by 8.6% in the second quarter. Russell Investments Group Ltd. now owns 952,586 shares of the information services provider’s stock valued at $865,829,000 after acquiring an additional 75,587 shares during the last quarter. 34.43% of the stock is currently owned by institutional investors and hedge funds.

In other Alphabet news, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $1,020.69, for a total transaction of $4,082,760.00. Following the transaction, the chief executive officer now directly owns 949 shares in the company, valued at approximately $968,634.81. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director L John Doerr sold 12,236 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $1,021.57, for a total value of $12,499,930.52. Following the completion of the sale, the director now directly owns 3,485 shares of the company’s stock, valued at $3,560,171.45. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,394 shares of company stock worth $37,937,930. Corporate insiders own 13.92% of the company’s stock.

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Alphabet Inc. (NASDAQ GOOG) opened at $1,035.96 on Friday. The stock has a market cap of $719,786.06, a PE ratio of 34.68 and a beta of 0.95. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03. 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 quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business had revenue of $27.77 billion for the quarter, compared to the consensus estimate of $27.17 billion. During the same quarter in the prior year, the company earned $9.06 EPS. The firm’s quarterly revenue was up 23.7% on a year-over-year basis.

A number of analysts have recently weighed in on GOOG shares. Vetr cut shares of Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,033.60 price objective for the company. in a research note on Wednesday, August 30th. Deutsche Bank AG restated a “buy” rating on shares of Alphabet in a research note on Wednesday, October 25th. UBS Group AG restated a “buy” rating and issued a $1,080.00 price objective on shares of Alphabet in a research note on Monday, September 11th. J P Morgan Chase & Co restated a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. Finally, Credit Suisse Group restated an “outperform” rating on shares of Alphabet in a research note on Thursday, August 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $1,047.52.

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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