Carret Asset Management LLC Increases Position in Alphabet Inc (GOOG)

Carret Asset Management LLC lifted its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 4.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,400 shares of the information services provider’s stock after purchasing an additional 418 shares during the quarter. Alphabet accounts for about 1.6% of Carret Asset Management LLC’s portfolio, making the stock its 13th largest position. Carret Asset Management LLC’s holdings in Alphabet were worth $9,451,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in GOOG. CWH Capital Management Inc. boosted its position in Alphabet by 8.5% during the 2nd quarter. CWH Capital Management Inc. now owns 192 shares of the information services provider’s stock worth $174,000 after buying an additional 15 shares during the period. Green Square Capital LLC boosted its position in Alphabet by 55.1% during the 2nd quarter. Green Square Capital LLC now owns 2,715 shares of the information services provider’s stock worth $2,467,000 after buying an additional 964 shares during the period. Lagoda Investment Management L.P. boosted its position in Alphabet by 2.9% during the 2nd quarter. Lagoda Investment Management L.P. now owns 24,623 shares of the information services provider’s stock worth $22,376,000 after buying an additional 686 shares during the period. Scge Management L.P. lifted its position in shares of Alphabet by 4.2% in the 2nd quarter. Scge Management L.P. now owns 37,264 shares of the information services provider’s stock worth $33,863,000 after purchasing an additional 1,514 shares during the period. Finally, ETF Managers Group LLC acquired a new position in shares of Alphabet in the 2nd quarter worth approximately $330,000. 34.74% of the stock is currently owned by institutional investors.

In other Alphabet news, Director Ann Mather sold 38 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $959.26, for a total transaction of $36,451.88. Following the completion of the sale, the director now owns 1,797 shares in the company, valued at approximately $1,723,790.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director L John Doerr sold 12,236 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $1,021.57, for a total transaction of $12,499,930.52. Following the sale, the director now owns 3,485 shares of the company’s stock, valued at approximately $3,560,171.45. The disclosure for this sale can be found here. Insiders have sold a total of 36,900 shares of company stock valued at $36,837,100 in the last 90 days. 13.92% of the stock is currently owned by company insiders.

Alphabet Inc (NASDAQ:GOOG) opened at $1,041.10 on Tuesday. The stock has a market cap of $720,543.44, a price-to-earnings ratio of 34.72 and a beta of 0.93. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. Alphabet Inc has a 1 year low of $770.41 and a 1 year high of $1,062.38.

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

GOOG has been the topic of a number of recent analyst reports. Wells Fargo & Company restated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. UBS restated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Societe Generale restated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Vetr downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,065.12 price target on the stock. in a research report on Thursday, December 7th. Finally, Oppenheimer restated an “outperform” rating on shares of Alphabet in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $1,047.45.

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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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