Prentiss Smith & Co. Inc. grew its position in Alphabet Inc (NASDAQ:GOOG) by 1.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,960 shares of the information services provider’s stock after purchasing an additional 141 shares during the quarter. Alphabet makes up about 5.6% of Prentiss Smith & Co. Inc.’s portfolio, making the stock its 2nd largest position. Prentiss Smith & Co. Inc.’s holdings in Alphabet were worth $8,604,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Central Bank & Trust Co. raised its holdings in Alphabet by 3.1% during the second quarter. Central Bank & Trust Co. now owns 295 shares of the information services provider’s stock worth $319,000 after buying an additional 9 shares during the last quarter. Hemenway Trust Co LLC raised its holdings in Alphabet by 2.9% during the fourth quarter. Hemenway Trust Co LLC now owns 358 shares of the information services provider’s stock worth $371,000 after buying an additional 10 shares during the last quarter. TD Capital Management LLC raised its holdings in Alphabet by 38.5% during the fourth quarter. TD Capital Management LLC now owns 36 shares of the information services provider’s stock worth $37,000 after buying an additional 10 shares during the last quarter. Meristem Family Wealth LLC raised its holdings in Alphabet by 1.5% during the fourth quarter. Meristem Family Wealth LLC now owns 690 shares of the information services provider’s stock worth $715,000 after buying an additional 10 shares during the last quarter. Finally, Pacifica Capital Investments LLC raised its holdings in Alphabet by 3.7% during the fourth quarter. Pacifica Capital Investments LLC now owns 280 shares of the information services provider’s stock worth $290,000 after buying an additional 10 shares during the last quarter. 33.96% of the stock is currently owned by institutional investors.

Shares of GOOG stock traded down $18.70 on Monday, hitting $1,231.71. The stock had a trading volume of 76,883 shares, compared to its average volume of 1,377,497. The company has a market cap of $868.09 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 1.48 and a beta of 0.95. The company’s 50 day moving average is $1,114.66. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.96 and a current ratio of 3.98. Alphabet Inc has a 12-month low of $970.11 and a 12-month high of $1,289.27.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, July 25th. The information services provider reported $14.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $11.49 by $2.72. The company had revenue of $38.94 billion during the quarter, compared to analyst estimates of $38.21 billion. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $11.75 earnings per share. As a group, equities analysts forecast that Alphabet Inc will post 48.43 earnings per share for the current year.

Several research analysts have weighed in on GOOG shares. Barclays set a $82.00 price objective on shares of Baxter International and gave the stock a “hold” rating in a report on Friday. Pivotal Research initiated coverage on shares of SRC Energy in a report on Wednesday, May 29th. They issued a “buy” rating and a $37.29 target price for the company. Cowen set a $1,500.00 target price on shares of Alphabet and gave the company a “buy” rating in a report on Friday. Stifel Nicolaus increased their target price on shares of Western Digital from $48.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Finally, Benchmark reiterated a “buy” rating and issued a $1,360.00 target price (up previously from $1,315.00) on shares of Alphabet in a report on Friday. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $1,375.73.

In other Alphabet news, CAO Amie Thuener O’toole sold 69 shares of the stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $1,042.90, for a total transaction of $71,960.10. Following the completion of the transaction, the chief accounting officer now owns 388 shares in the company, valued at $404,645.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John L. Hennessy sold 150 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $1,225.00, for a total transaction of $183,750.00. Following the transaction, the director now owns 276 shares of the company’s stock, valued at approximately $338,100. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 478 shares of company stock valued at $549,005. 12.99% of the stock is owned by company insiders.

About Alphabet

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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