Armstrong Henry H Associates Inc. increased its stake in Alphabet Inc (NASDAQ:GOOG) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,591 shares of the information services provider’s stock after buying an additional 86 shares during the quarter. Alphabet makes up 0.6% of Armstrong Henry H Associates Inc.’s holdings, making the stock its 16th biggest position. Armstrong Henry H Associates Inc.’s holdings in Alphabet were worth $3,444,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Perennial Advisors LLC raised its stake in Alphabet by 8.7% in the 2nd quarter. Perennial Advisors LLC now owns 3,232 shares of the information services provider’s stock valued at $2,937,000 after acquiring an additional 260 shares during the period. One Capital Management LLC raised its stake in Alphabet by 5.0% in the 2nd quarter. One Capital Management LLC now owns 3,213 shares of the information services provider’s stock valued at $2,920,000 after acquiring an additional 154 shares during the period. Northeast Investment Management raised its stake in Alphabet by 4.4% in the 2nd quarter. Northeast Investment Management now owns 12,678 shares of the information services provider’s stock valued at $11,521,000 after acquiring an additional 537 shares during the period. Taurus Asset Management LLC raised its stake in Alphabet by 0.9% in the 2nd quarter. Taurus Asset Management LLC now owns 25,960 shares of the information services provider’s stock valued at $23,591,000 after acquiring an additional 220 shares during the period. Finally, Carret Asset Management LLC raised its stake in Alphabet by 1.5% in the 1st quarter. Carret Asset Management LLC now owns 9,982 shares of the information services provider’s stock valued at $8,281,000 after acquiring an additional 145 shares during the period. 34.64% of the stock is owned by institutional investors.

GOOG has been the topic of a number of research analyst reports. Morgan Stanley restated a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a research note on Friday, October 20th. Wells Fargo & Co restated a “buy” rating on shares of Alphabet in a research note on Friday, October 6th. Piper Jaffray Companies restated an “overweight” rating and issued a $1,150.00 price target on shares of Alphabet in a research note on Thursday, October 19th. Finally, Royal Bank of Canada restated a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and thirty-eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $1,046.24.

Alphabet Inc (NASDAQ:GOOG) opened at $1,060.12 on Tuesday. 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 $770.41 and a 12-month high of $1,078.49. The company has a market capitalization of $739,590.00, a price-to-earnings ratio of 35.31 and a beta of 0.94.

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

In related news, VP James Grier Campbell sold 183 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $959.26, for a total value of $175,544.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $1,072.64, for a total value of $4,290,560.00. Following the completion of the sale, the chief executive officer now directly owns 803 shares in the company, valued at $861,329.92. The disclosure for this sale can be found here. Insiders sold 36,900 shares of company stock worth $37,430,220 in the last 90 days. 13.92% of the stock is owned by company insiders.

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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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