West Coast Financial LLC Has $1.20 Million Stake in Alphabet Inc (GOOG)

West Coast Financial LLC raised its stake in Alphabet Inc (NASDAQ:GOOG) by 27.1% in the third quarter, Holdings Channel reports. The fund owned 1,252 shares of the information services provider’s stock after purchasing an additional 267 shares during the quarter. West Coast Financial LLC’s holdings in Alphabet were worth $1,201,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GOOG. One Capital Management LLC grew its position in shares of Alphabet by 10.3% in the third quarter. One Capital Management LLC now owns 3,544 shares of the information services provider’s stock valued at $3,399,000 after purchasing an additional 331 shares during the period. Nelson Roberts Investment Advisors LLC purchased a new stake in shares of Alphabet in the third quarter valued at $14,016,000. Trust Asset Management LLC grew its position in shares of Alphabet by 1.0% in the third quarter. Trust Asset Management LLC now owns 25,874 shares of the information services provider’s stock valued at $26,250,000 after purchasing an additional 255 shares during the period. Rockland Trust Co. grew its position in shares of Alphabet by 117.1% in the third quarter. Rockland Trust Co. now owns 1,196 shares of the information services provider’s stock valued at $1,147,000 after purchasing an additional 645 shares during the period. Finally, Nwam LLC grew its position in shares of Alphabet by 8.1% in the third quarter. Nwam LLC now owns 1,777 shares of the information services provider’s stock valued at $1,704,000 after purchasing an additional 133 shares during the period. 34.63% of the stock is owned by institutional investors.

Shares of Alphabet Inc (NASDAQ:GOOG) opened at $1,122.26 on Friday. Alphabet Inc has a 1 year low of $790.52 and a 1 year high of $1,124.29. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $782,040.00, a PE ratio of 37.38 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $8.31 by $1.26. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The company had revenue of $27.77 billion during the quarter, compared to the consensus estimate of $27.17 billion. During the same quarter in the prior year, the business earned $9.06 earnings per share. The company’s revenue was up 23.7% compared to the same quarter last year.

In related news, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $1,065.21, for a total value of $4,260,840.00. Following the transaction, the chief executive officer now owns 1,031 shares in the company, valued at $1,098,231.51. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ann Mather sold 38 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $1,017.21, for a total value of $38,653.98. Following the completion of the transaction, the director now owns 1,805 shares in the company, valued at approximately $1,836,064.05. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,900 shares of company stock worth $37,877,147. Insiders own 13.92% of the company’s stock.

A number of equities research analysts have recently commented on GOOG shares. Wells Fargo & Co reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. UBS Group reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Societe Generale reissued a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Vetr downgraded Alphabet from a “buy” rating to a “hold” rating and set a $1,065.12 price target for the company. in a research report on Thursday, December 7th. Finally, Oppenheimer reissued an “outperform” rating on shares of Alphabet in a research report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, thirty-seven have issued a buy rating and one has issued a strong buy rating to the stock. Alphabet presently has an average rating of “Buy” and a consensus price target of $1,052.31.

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About Alphabet

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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