Twin Capital Management Inc. Has $6.30 Million Holdings in Alphabet Inc (GOOG)

Twin Capital Management Inc. increased its position in Alphabet Inc (NASDAQ:GOOG) by 28.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,935 shares of the information services provider’s stock after buying an additional 1,530 shares during the period. Twin Capital Management Inc.’s holdings in Alphabet were worth $6,302,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of GOOG. Riggs Asset Managment Co. Inc. raised its position in Alphabet by 39.6% during the second quarter. Riggs Asset Managment Co. Inc. now owns 141 shares of the information services provider’s stock valued at $128,000 after purchasing an additional 40 shares during the period. Farmers National Bank raised its position in Alphabet by 15.0% during the first quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock valued at $134,000 after purchasing an additional 21 shares during the period. St. Johns Investment Management Company LLC raised its position 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 valued at $156,000 after purchasing an additional 157 shares during the period. Catamount Wealth Management raised its position in Alphabet by 5.8% during the second quarter. Catamount Wealth Management now owns 182 shares of the information services provider’s stock valued at $165,000 after purchasing an additional 10 shares during the period. Finally, Cribstone Capital Management LLC raised its position in Alphabet by 5.7% during the second quarter. Cribstone Capital Management LLC now owns 184 shares of the information services provider’s stock valued at $167,000 after purchasing an additional 10 shares during the period. Institutional investors own 34.74% of the company’s stock.

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

Shares of Alphabet Inc (GOOG) traded down $11.49 on Monday, hitting $998.68. The stock had a trading volume of 1,906,263 shares, compared to its average volume of 1,486,800. Alphabet Inc has a 12-month low of $752.90 and a 12-month high of $1,062.38. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. The stock has a market cap of $701,867.13, a price-to-earnings ratio of 33.82 and a beta of 0.93.

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. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The firm had revenue of $27.77 billion during the quarter, compared to analyst estimates of $27.17 billion. During the same quarter in the prior year, the business posted $9.06 EPS. The business’s revenue for the quarter was up 23.7% compared to the same quarter last year.

In other Alphabet news, VP James Grier Campbell sold 184 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $1,012.66, for a total transaction of $186,329.44. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $924.36, for a total value of $3,697,440.00. Following the sale, the chief executive officer now directly owns 1,324 shares in the company, valued at $1,223,852.64. The disclosure for this sale can be found here. Insiders sold a total of 38,579 shares of company stock valued at $38,128,055 in the last 90 days. 13.92% of the stock is currently 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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