Oppenheimer & Co. Inc. boosted its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 6.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,925 shares of the information services provider’s stock after buying an additional 1,410 shares during the period. Alphabet accounts for about 0.5% of Oppenheimer & Co. Inc.’s investment portfolio, making the stock its 28th biggest holding. Oppenheimer & Co. Inc.’s holdings in Alphabet were worth $19,925,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of GOOG. Burt Wealth Advisors lifted its holdings in Alphabet by 17.2% during the second quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock worth $123,000 after buying an additional 20 shares during the period. Farmers National Bank lifted its holdings 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 buying an additional 21 shares during the period. St. Johns Investment Management Company LLC lifted its holdings 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 buying an additional 157 shares during the period. Catamount Wealth Management lifted its holdings in Alphabet by 5.8% during the second quarter. Catamount Wealth Management now owns 182 shares of the information services provider’s stock worth $165,000 after buying an additional 10 shares during the period. Finally, Baker Boyer National Bank purchased a new stake in Alphabet during the second quarter worth $200,000. Institutional investors own 34.74% of the company’s stock.

Alphabet Inc (NASDAQ GOOG) opened at $1,005.15 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. Alphabet Inc has a 12-month low of $755.80 and a 12-month high of $1,062.38. The stock has a market capitalization of $705,130.00, a price-to-earnings ratio of 33.82 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last announced its quarterly 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 company had revenue of $27.77 billion for the quarter, compared to the consensus estimate of $27.17 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The firm’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period last year, the firm earned $9.06 EPS.

In other Alphabet news, Director Ann Mather sold 38 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $959.26, for a total transaction of $36,451.88. Following the sale, the director now directly owns 1,797 shares of the company’s stock, valued at approximately $1,723,790.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction dated 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 34,396 shares of company stock worth $34,231,541 over the last ninety days. 13.92% of the stock is owned by insiders.

GOOG has been the subject of a number of analyst reports. Cowen restated an “outperform” rating and set a $1,075.00 target price on shares of Alphabet in a report on Thursday, August 10th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. UBS reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Societe Generale reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of Alphabet in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirty-nine have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $1,047.96.

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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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