Zevin Asset Management LLC Has $15.02 Million Position in Alphabet Inc (GOOG)

Zevin Asset Management LLC raised its position in shares of Alphabet Inc (NASDAQ:GOOG) by 1.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,663 shares of the information services provider’s stock after acquiring an additional 235 shares during the period. Alphabet makes up approximately 3.5% of Zevin Asset Management LLC’s holdings, making the stock its 4th biggest holding. Zevin Asset Management LLC’s holdings in Alphabet were worth $15,023,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Capital Investment Advisory Services LLC raised its stake in Alphabet by 0.4% in the second quarter. Capital Investment Advisory Services LLC now owns 253 shares of the information services provider’s stock valued at $230,000 after buying an additional 1 shares during the last quarter. Capital Advantage Inc. grew its holdings in Alphabet by 0.4% during the second quarter. Capital Advantage Inc. now owns 273 shares of the information services provider’s stock worth $248,000 after acquiring an additional 1 shares during the period. Foster & Motley Inc. grew its holdings in Alphabet by 0.8% during the second quarter. Foster & Motley Inc. now owns 265 shares of the information services provider’s stock worth $241,000 after acquiring an additional 2 shares during the period. Saratoga Research & Investment Management grew its holdings in Alphabet by 1.2% during the second quarter. Saratoga Research & Investment Management now owns 257 shares of the information services provider’s stock worth $234,000 after acquiring an additional 3 shares during the period. Finally, Edge Wealth Management LLC grew its holdings in Alphabet by 0.9% during the second quarter. Edge Wealth Management LLC now owns 340 shares of the information services provider’s stock worth $309,000 after acquiring an additional 3 shares during the period. 34.63% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have commented on GOOG shares. UBS Group reissued a “buy” rating and issued a $1,080.00 price objective on shares of Alphabet in a report on Monday, September 11th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $1,050.00 price target on shares of Alphabet in a research note on Monday, September 11th. SunTrust Banks reaffirmed a “buy” rating and issued a $1,100.00 price target on shares of Alphabet in a research note on Saturday, September 23rd. Robert W. Baird reaffirmed an “outperform” rating and issued a $1,100.00 price target on shares of Alphabet in a research note on Saturday, September 23rd. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $1,100.00 price objective on shares of Alphabet in a research report on Saturday, September 23rd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and thirty-eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $1,046.04.

Alphabet Inc (NASDAQ GOOG) opened at $1,082.48 on Thursday. Alphabet Inc has a 12 month low of $783.16 and a 12 month high of $1,086.29. The stock has a market capitalization of $754,990.00, a PE ratio of 36.06 and a beta of 0.94. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the consensus estimate of $8.31 by $1.26. The company had revenue of $27.77 billion for the quarter, compared to analyst estimates of $27.17 billion. Alphabet had a return on equity of 17.68% and a net margin of 24.24%. Alphabet’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period last year, the company earned $9.06 earnings per share.

In other Alphabet news, Director Ann Mather sold 38 shares of Alphabet stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $1,017.21, for a total value of $38,653.98. Following the completion of the transaction, the director now directly owns 1,805 shares in the company, valued at $1,836,064.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director L John Doerr sold 12,236 shares of Alphabet stock in a transaction that occurred on 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 transaction, the director now owns 3,485 shares of the company’s stock, valued at $3,560,171.45. The disclosure for this sale can be found here. Insiders sold a total of 32,900 shares of company stock worth $33,616,307 in the last quarter. Company insiders own 13.92% of the company’s stock.

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Alphabet 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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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