New Jersey Better Educational Savings Trust boosted its stake in Alphabet Inc (NASDAQ:GOOG) by 4.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 2,500 shares of the information services provider’s stock after purchasing an additional 100 shares during the period. Alphabet comprises approximately 3.0% of New Jersey Better Educational Savings Trust’s portfolio, making the stock its 5th largest position. New Jersey Better Educational Savings Trust’s holdings in Alphabet were worth $2,789,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. IMS Capital Management raised its holdings in shares of Alphabet by 2.9% in the second quarter. IMS Capital Management now owns 1,465 shares of the information services provider’s stock valued at $1,634,000 after buying an additional 41 shares during the last quarter. Intl Fcstone Inc. increased 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 worth $387,000 after acquiring an additional 42 shares during the period. Security National Trust Co. increased 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 worth $2,487,000 after acquiring an additional 42 shares during the period. Armstrong Henry H Associates Inc. increased its stake in shares of Alphabet by 1.0% during the second quarter. Armstrong Henry H Associates Inc. now owns 4,365 shares of the information services provider’s stock worth $4,870,000 after acquiring an additional 44 shares during the period. Finally, FCG Advisors LLC grew its position in Alphabet by 6.3% during the first quarter. FCG Advisors LLC now owns 778 shares of the information services provider’s stock worth $803,000 after buying an additional 46 shares during the period. Hedge funds and other institutional investors own 34.18% of the company’s stock.

Shares of Alphabet stock traded up $30.76 during trading hours on Friday, hitting $1,110.08. The company’s stock had a trading volume of 2,029,862 shares, compared to its average volume of 1,669,302. Alphabet Inc has a 1-year low of $960.52 and a 1-year high of $1,273.89. The firm has a market capitalization of $830.59 billion, a P/E ratio of 29.15 and a beta of 1.11. The company has a quick ratio of 4.13, a current ratio of 4.15 and a debt-to-equity ratio of 0.02.

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

In other Alphabet news, VP Amie Thuener O’toole sold 80 shares of the firm’s stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $1,206.20, for a total transaction of $96,496.00. Following the completion of the transaction, the vice president now directly owns 388 shares of the company’s stock, valued at approximately $468,005.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Sundar Pichai sold 10,000 shares of the firm’s stock in a transaction on Wednesday, July 18th. The stock was sold at an average price of $1,198.47, for a total transaction of $11,984,700.00. Following the transaction, the chief executive officer now directly owns 574 shares of the company’s stock, valued at $687,921.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 82,680 shares of company stock valued at $99,664,675. Company insiders own 13.11% of the company’s stock.

Several research analysts have weighed in on the stock. Atlantic Securities restated a “buy” rating on shares of Alphabet in a research report on Tuesday, July 24th. Robert W. Baird reaffirmed a “buy” rating on shares of Alphabet in a report on Tuesday, July 24th. Raymond James reaffirmed an “outperform” rating and issued a $1,405.00 price target (up previously from $1,240.00) on shares of Alphabet in a report on Tuesday, July 24th. BidaskClub downgraded shares of Alphabet from a “strong-buy” rating to a “buy” rating in a report on Friday, August 3rd. Finally, Oppenheimer reaffirmed a “buy” rating on shares of Alphabet in a report on Wednesday, July 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-five have assigned a buy rating to the stock. Alphabet currently has an average rating of “Buy” and an average target price 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.

Further Reading: Risk Tolerance

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.