Saybrook Capital NC Acquires 650 Shares of Alphabet Inc (GOOG)

Saybrook Capital NC grew its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 5.6% during the second quarter, HoldingsChannel reports. The firm owned 12,244 shares of the information services provider’s stock after purchasing an additional 650 shares during the period. Alphabet accounts for about 6.3% of Saybrook Capital NC’s portfolio, making the stock its 2nd largest position. Saybrook Capital NC’s holdings in Alphabet were worth $13,660,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Pinnacle Financial Partners Inc. grew its stake in Alphabet by 8.6% in the 2nd quarter. Pinnacle Financial Partners Inc. now owns 2,132 shares of the information services provider’s stock valued at $2,378,000 after buying an additional 168 shares during the last quarter. Point72 Asset Management L.P. grew its stake in Alphabet by 349.3% in the 1st quarter. Point72 Asset Management L.P. now owns 38,146 shares of the information services provider’s stock valued at $39,359,000 after buying an additional 53,446 shares during the last quarter. Cetera Advisors LLC grew its stake in Alphabet by 6.3% in the 1st quarter. Cetera Advisors LLC now owns 5,149 shares of the information services provider’s stock valued at $5,181,000 after buying an additional 303 shares during the last quarter. Bremer Trust National Association grew its stake in Alphabet by 134.5% in the 2nd quarter. Bremer Trust National Association now owns 4,068 shares of the information services provider’s stock valued at $4,539,000 after buying an additional 2,333 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in Alphabet by 1.4% in the 2nd quarter. CIBC Private Wealth Group LLC now owns 372,379 shares of the information services provider’s stock valued at $415,444,000 after buying an additional 5,209 shares during the last quarter. Institutional investors and hedge funds own 34.16% of the company’s stock.

NASDAQ GOOG opened at $1,066.15 on Friday. The company has a current ratio of 4.14, a quick ratio of 4.10 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $760.87 billion, a price-to-earnings ratio of 24.60 and a beta of 1.16. Alphabet Inc has a 52-week low of $980.64 and a 52-week high of $1,273.89.

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

In other news, Director Ann Mather sold 24 shares of Alphabet stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $1,206.20, for a total transaction of $28,948.80. Following the sale, the director now directly owns 1,898 shares in the company, valued at approximately $2,289,367.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP David C. Drummond sold 5,690 shares of Alphabet stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $1,244.09, for a total transaction of $7,078,872.10. Following the sale, the senior vice president now owns 41,234 shares in the company, valued at $51,298,807.06. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 87,621 shares of company stock worth $102,660,942. 13.11% of the stock is owned by company insiders.

A number of research analysts recently issued reports on the stock. BidaskClub lowered shares of Alphabet from a “sell” rating to a “strong sell” rating in a research note on Tuesday. JMP Securities reiterated a “neutral” rating on shares of Alphabet in a research note on Friday, November 2nd. Nomura reiterated a “buy” rating on shares of Alphabet in a research note on Monday, October 29th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Alphabet in a research note on Monday, October 29th. Finally, Macquarie reiterated a “buy” rating on shares of Alphabet in a research note on Friday, October 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $1,301.81.

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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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