Alphabet Inc. (NASDAQ:GOOG) Stock Position Increased by Violich Capital Management Inc.

Violich Capital Management Inc. grew its stake in shares of Alphabet Inc. (NASDAQ:GOOG - Free Report) by 1.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 366,175 shares of the information services provider's stock after acquiring an additional 4,800 shares during the period. Alphabet accounts for approximately 8.0% of Violich Capital Management Inc.'s portfolio, making the stock its 2nd largest holding. Violich Capital Management Inc.'s holdings in Alphabet were worth $61,221,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in GOOG. Abich Financial Wealth Management LLC lifted its stake in Alphabet by 9,200.0% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 186 shares of the information services provider's stock worth $34,000 after purchasing an additional 184 shares in the last quarter. 1620 Investment Advisors Inc. bought a new stake in Alphabet during the second quarter valued at $37,000. HWG Holdings LP bought a new stake in Alphabet during the second quarter valued at $40,000. Slocum Gordon & Co LLP purchased a new position in Alphabet during the second quarter worth about $44,000. Finally, Hoese & Co LLP raised its holdings in shares of Alphabet by 62.5% in the 2nd quarter. Hoese & Co LLP now owns 260 shares of the information services provider's stock valued at $45,000 after acquiring an additional 100 shares in the last quarter. 27.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. TD Cowen upped their price objective on shares of Alphabet from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday, July 10th. Scotiabank initiated coverage on shares of Alphabet in a research report on Friday, October 11th. They set a "sector outperform" rating and a $212.00 price objective on the stock. Cantor Fitzgerald upgraded shares of Alphabet to a "hold" rating in a research report on Thursday, September 5th. Pivotal Research began coverage on Alphabet in a research report on Tuesday, October 1st. They set a "buy" rating and a $215.00 price target on the stock. Finally, Wolfe Research upgraded Alphabet to a "strong-buy" rating in a report on Tuesday, July 16th. Four research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Alphabet has a consensus rating of "Moderate Buy" and an average price target of $186.90.

Alphabet Trading Up 0.5 %

Shares of NASDAQ GOOG traded up $0.75 during mid-day trading on Monday, hitting $165.80. The stock had a trading volume of 11,375,901 shares, compared to its average volume of 19,574,719. The firm has a market cap of $2.05 trillion, a P/E ratio of 25.38, a price-to-earnings-growth ratio of 1.21 and a beta of 1.04. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.08 and a current ratio of 2.08. The business has a 50 day moving average price of $163.18 and a two-hundred day moving average price of $169.77. Alphabet Inc. has a 1 year low of $121.46 and a 1 year high of $193.31.

Alphabet (NASDAQ:GOOG - Get Free Report) last posted its earnings results on Tuesday, July 23rd. The information services provider reported $1.89 earnings per share for the quarter, topping analysts' consensus estimates of $1.85 by $0.04. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. The company had revenue of $84.74 billion during the quarter, compared to analyst estimates of $84.22 billion. During the same period in the prior year, the business posted $1.44 earnings per share. Alphabet's revenue for the quarter was up 13.6% on a year-over-year basis. On average, equities analysts anticipate that Alphabet Inc. will post 7.64 EPS for the current fiscal year.

Insider Transactions at Alphabet

In related news, CAO Amie Thuener O'toole sold 2,835 shares of the company's stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $151.53, for a total value of $429,587.55. Following the sale, the chief accounting officer now directly owns 29,182 shares of the company's stock, valued at $4,421,948.46. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider John Kent Walker sold 21,467 shares of the company's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $160.35, for a total value of $3,442,233.45. Following the transaction, the insider now owns 39,334 shares in the company, valued at $6,307,206.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Amie Thuener O'toole sold 2,835 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $151.53, for a total transaction of $429,587.55. Following the sale, the chief accounting officer now directly owns 29,182 shares in the company, valued at $4,421,948.46. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 220,426 shares of company stock valued at $35,993,340. Corporate insiders own 12.99% of the company's stock.

Alphabet Company Profile

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.