Wealthstreet Investment Advisors LLC grew its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 3.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,108 shares of the information services provider’s stock after purchasing an additional 75 shares during the period. Wealthstreet Investment Advisors LLC’s holdings in Alphabet were worth $2,279,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. NEXT Financial Group Inc lifted its holdings in Alphabet by 120.9% in the 2nd quarter. NEXT Financial Group Inc now owns 981 shares of the information services provider’s stock valued at $1,060,000 after purchasing an additional 537 shares in the last quarter. Cornerstone Advisors Inc. increased its stake in shares of Alphabet by 3.6% during the 2nd quarter. Cornerstone Advisors Inc. now owns 1,751 shares of the information services provider’s stock valued at $1,893,000 after acquiring an additional 61 shares during the last quarter. Buckingham Capital Management Inc. increased its stake in shares of Alphabet by 4.6% during the 1st quarter. Buckingham Capital Management Inc. now owns 7,335 shares of the information services provider’s stock valued at $8,606,000 after acquiring an additional 322 shares during the last quarter. Central Bank & Trust Co. increased its stake in shares of Alphabet by 3.1% during the 2nd quarter. Central Bank & Trust Co. now owns 295 shares of the information services provider’s stock valued at $319,000 after acquiring an additional 9 shares during the last quarter. Finally, Old North State Trust LLC increased its stake in shares of Alphabet by 13.3% during the 2nd quarter. Old North State Trust LLC now owns 179 shares of the information services provider’s stock valued at $193,000 after acquiring an additional 21 shares during the last quarter. Institutional investors own 33.96% of the company’s stock.

A number of research firms have recently commented on GOOG. Deutsche Bank upped their price objective on shares of Alphabet from $1,300.00 to $1,400.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th. Goldman Sachs Group reaffirmed a “hold” rating and set a $7.80 price objective on shares of Deutsche Bank in a research note on Tuesday, July 23rd. UBS Group set a $230.00 price objective on shares of Align Technology and gave the company a “hold” rating in a research note on Friday. Wedbush upped their price objective on shares of SVB Financial Group from $225.00 to $235.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Oppenheimer set a $2,100.00 price objective on shares of Amazon.com and gave the company a “buy” rating in a research note on Friday. One investment 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 company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $1,375.73.

NASDAQ:GOOG traded down $13.69 during trading hours on Monday, hitting $1,236.72. The stock had a trading volume of 127,797 shares, compared to its average volume of 1,377,497. 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 1-year low of $970.11 and a 1-year high of $1,289.27. The firm has a 50 day simple moving average of $1,114.66. The company has a market capitalization of $868.09 billion, a P/E ratio of 26.04, a PEG ratio of 1.48 and a beta of 0.95.

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

In other Alphabet news, Director Ann Mather sold 39 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $1,187.53, for a total value of $46,313.67. Following the completion of the sale, the director now owns 1,797 shares of the company’s stock, valued at $2,133,991.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Amie Thuener O’toole sold 73 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $1,167.74, for a total value of $85,245.02. Following the transaction, the vice president now owns 388 shares of the company’s stock, valued at $453,083.12. The disclosure for this sale can be found here. Insiders sold 478 shares of company stock valued at $549,005 in the last ninety days. 12.99% of the stock is owned by corporate insiders.

Alphabet Company Profile

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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