Sand Hill Global Advisors LLC Has $1.25 Million Holdings in Alphabet Inc (GOOG)

Sand Hill Global Advisors LLC raised its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 264.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,124 shares of the information services provider’s stock after buying an additional 816 shares during the period. Sand Hill Global Advisors LLC’s holdings in Alphabet were worth $1,254,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. IMS Capital Management raised its stake in shares of Alphabet by 2.9% during the second quarter. IMS Capital Management now owns 1,465 shares of the information services provider’s stock valued at $1,634,000 after acquiring an additional 41 shares during the last quarter. Trust Co. of Virginia VA raised its stake in shares of Alphabet by 7.2% during the second quarter. Trust Co. of Virginia VA now owns 614 shares of the information services provider’s stock valued at $685,000 after acquiring an additional 41 shares during the last quarter. Intl Fcstone Inc. raised its stake in shares of Alphabet by 13.8% during the second quarter. Intl Fcstone Inc. now owns 347 shares of the information services provider’s stock valued at $387,000 after acquiring an additional 42 shares during the last quarter. Security National Trust Co. raised its stake in shares of Alphabet by 1.9% during the second quarter. Security National Trust Co. now owns 2,229 shares of the information services provider’s stock valued at $2,487,000 after acquiring an additional 42 shares during the last quarter. Finally, Providence First Trust Co raised its stake in shares of Alphabet by 2.7% during the second quarter. Providence First Trust Co now owns 1,581 shares of the information services provider’s stock valued at $1,764,000 after acquiring an additional 42 shares during the last quarter. Institutional investors and hedge funds own 34.16% of the company’s stock.

In other Alphabet news, CEO Sundar Pichai sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 17th. The shares were sold at an average price of $1,113.91, for a total transaction of $11,139,100.00. Following the completion of the transaction, the chief executive officer now owns 532 shares of the company’s stock, valued at $592,600.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David C. Drummond sold 5,690 shares of the firm’s stock in a transaction that occurred on Friday, October 12th. The shares were sold at an average price of $1,115.36, for a total transaction of $6,346,398.40. Following the transaction, the senior vice president now directly owns 42,558 shares of the company’s stock, valued at approximately $47,467,490.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 77,541 shares of company stock valued at $91,842,344. 13.11% of the stock is owned by insiders.

Several equities analysts have recently commented on GOOG shares. Goldman Sachs Group reaffirmed a “$1,186.96” rating on shares of Alphabet in a research note on Thursday, July 19th. UBS Group reaffirmed a “$1,195.88” rating on shares of Alphabet in a research note on Wednesday, July 18th. JPMorgan Chase & Co. reaffirmed a “$1,195.88” rating on shares of Alphabet in a research note on Wednesday, July 18th. Credit Suisse Group reaffirmed a “$1,205.50” rating on shares of Alphabet in a research note on Monday, July 23rd. Finally, Macquarie reaffirmed a “$1,205.50” rating on shares of Alphabet in a research note on Monday, July 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $1,301.81.

GOOG stock opened at $1,070.00 on Friday. Alphabet Inc has a 1 year low of $980.64 and a 1 year high of $1,273.89. The stock has a market capitalization of $721.15 billion, a P/E ratio of 23.32 and a beta of 1.11. The company has a quick ratio of 4.10, a current ratio of 4.14 and a debt-to-equity ratio of 0.02.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, October 25th. The information services provider reported $13.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $10.41 by $2.65. Alphabet had a net margin of 14.45% and a return on equity of 19.40%. The company had revenue of $27.16 billion during the quarter.

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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