Alphabet Inc (NASDAQ:GOOG) Shares Bought by Giverny Capital Inc.

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Giverny Capital Inc. boosted its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 2.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,110 shares of the information services provider’s stock after acquiring an additional 764 shares during the quarter. Alphabet comprises 3.8% of Giverny Capital Inc.’s investment portfolio, making the stock its 8th biggest holding. Giverny Capital Inc.’s holdings in Alphabet were worth $37,951,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of GOOG. 1 North Wealth Services LLC purchased a new position in Alphabet in the 4th quarter valued at approximately $34,000. TD Capital Management LLC increased its stake in Alphabet by 38.5% in the 4th quarter. TD Capital Management LLC now owns 36 shares of the information services provider’s stock valued at $37,000 after purchasing an additional 10 shares in the last quarter. Truehand Inc purchased a new position in Alphabet in the 4th quarter valued at approximately $38,000. HMS Capital Management LLC purchased a new position in Alphabet in the 2nd quarter valued at approximately $38,000. Finally, Thor Advisors LLC purchased a new position in Alphabet in the 1st quarter valued at approximately $56,000. 33.97% of the stock is owned by institutional investors.

In related news, SVP David C. Drummond sold 1,600 shares of Alphabet stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $1,215.39, for a total value of $1,944,624.00. Following the transaction, the senior vice president now owns 44,482 shares in the company, valued at $54,062,977.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Amie Thuener O’toole sold 69 shares of Alphabet stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $1,100.52, for a total value of $75,935.88. Following the completion of the transaction, the vice president now owns 388 shares in the company, valued at approximately $427,001.76. The disclosure for this sale can be found here. Insiders have sold 3,744 shares of company stock worth $4,480,345 in the last 90 days. Insiders own 12.99% of the company’s stock.

Several research firms recently weighed in on GOOG. BidaskClub downgraded Alphabet from a “buy” rating to a “hold” rating in a research note on Wednesday. Goldman Sachs Group reaffirmed a “buy” rating on shares of Alphabet in a research note on Tuesday, July 23rd. UBS Group reaffirmed a “buy” rating on shares of Alphabet in a research note on Friday, July 26th. Oppenheimer raised their price objective on Alphabet from $1,342.00 to $1,370.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, Cowen raised their price target on Alphabet from $1,400.00 to $1,500.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $1,378.93.

Shares of GOOG stock traded down $2.11 during mid-day trading on Friday, hitting $1,232.14. 140,855 shares of the company’s stock were exchanged, compared to its average volume of 1,138,254. Alphabet Inc has a fifty-two week low of $970.11 and a fifty-two week high of $1,289.27. The stock has a 50-day simple moving average of $1,189.93 and a two-hundred day simple moving average of $1,163.30. The company has a quick ratio of 3.96, a current ratio of 3.98 and a debt-to-equity ratio of 0.07. The stock has a market cap of $836.24 billion, a price-to-earnings ratio of 25.93, a PEG ratio of 1.39 and a beta of 0.98.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, July 25th. The information services provider reported $14.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.49 by $2.72. Alphabet had a return on equity of 20.15% and a net margin of 23.43%. The business had revenue of $38.94 billion for the quarter, compared to analysts’ expectations of $38.21 billion. During the same quarter last year, the firm earned $11.75 earnings per share. The business’s revenue was up 19.3% on a year-over-year basis. As a group, analysts anticipate that Alphabet Inc will post 51.48 earnings per share for the current fiscal year.

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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