Quest Investment Management LLC boosted its position in Alphabet Inc (NASDAQ:GOOG) by 7.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,388 shares of the information services provider’s stock after acquiring an additional 1,059 shares during the quarter. Alphabet accounts for approximately 2.6% of Quest Investment Management LLC’s portfolio, making the stock its 6th largest holding. Quest Investment Management LLC’s holdings in Alphabet were worth $17,168,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in GOOG. Smart Portfolios LLC bought a new position in shares of Alphabet during the first quarter valued at about $103,000. Braun Bostich & Associates Inc. bought a new position in shares of Alphabet during the first quarter valued at about $107,000. Litman Gregory Asset Management LLC bought a new position in shares of Alphabet during the first quarter valued at about $113,000. JJJ Advisors Inc. bought a new position in shares of Alphabet during the second quarter valued at about $134,000. Finally, Stelac Advisory Services LLC bought a new position in shares of Alphabet during the first quarter valued at about $145,000. 34.18% of the stock is currently owned by institutional investors and hedge funds.

Alphabet stock opened at $1,110.08 on Friday. The company has a quick ratio of 4.13, a current ratio of 4.15 and a debt-to-equity ratio of 0.02. The stock has a market cap of $830.59 billion, a PE ratio of 29.15 and a beta of 1.11. Alphabet Inc has a 1-year low of $960.52 and a 1-year high of $1,273.89.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Monday, July 23rd. The information services provider reported $11.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $9.66 by $2.09. Alphabet had a net margin of 13.16% and a return on equity of 18.24%. The business had revenue of $32.66 billion during the quarter, compared to analyst estimates of $32.13 billion. During the same period last year, the business posted $5.01 earnings per share. Alphabet’s quarterly revenue was up 25.6% compared to the same quarter last year.

In other Alphabet news, Director Ann Mather sold 24 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $1,206.20, for a total value of $28,948.80. Following the completion of the sale, the director now directly owns 1,898 shares in the company, valued at $2,289,367.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sundar Pichai sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $1,160.42, for a total transaction of $11,604,200.00. Following the completion of the sale, the chief executive officer now owns 546 shares of the company’s stock, valued at $633,589.32. The disclosure for this sale can be found here. Insiders sold 82,680 shares of company stock valued at $99,664,675 over the last 90 days. 13.11% of the stock is currently owned by company insiders.

A number of research analysts have recently issued reports on GOOG shares. Macquarie reaffirmed a “buy” rating on shares of Alphabet in a research note on Thursday, September 27th. BidaskClub upgraded shares of Alphabet from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 26th. Morgan Stanley reiterated a “buy” rating on shares of Alphabet in a report on Tuesday, August 7th. Goldman Sachs Group reiterated a “$1,186.96” rating on shares of Alphabet in a report on Thursday, July 19th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $1,400.00 target price on shares of Alphabet in a report on Tuesday, July 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-five have issued a buy rating to the stock. Alphabet presently has an average rating of “Buy” and a consensus price target of $1,311.71.

About Alphabet

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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