QUANTRES ASSET MANAGEMENT Ltd Has $1.66 Million Holdings in Alphabet Inc. (NASDAQ:GOOG)

QUANTRES ASSET MANAGEMENT Ltd lifted its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 25.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,000 shares of the information services provider’s stock after acquiring an additional 400 shares during the period. Alphabet makes up approximately 1.1% of QUANTRES ASSET MANAGEMENT Ltd’s portfolio, making the stock its 27th largest position. QUANTRES ASSET MANAGEMENT Ltd’s holdings in Alphabet were worth $1,659,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Douglass Winthrop Advisors LLC grew its position in Alphabet by 4.6% in the 1st quarter. Douglass Winthrop Advisors LLC now owns 47,949 shares of the information services provider’s stock worth $39,777,000 after purchasing an additional 2,123 shares during the period. Burke & Herbert Bank & Trust Co. grew its position in Alphabet by 2.9% in the 1st quarter. Burke & Herbert Bank & Trust Co. now owns 711 shares of the information services provider’s stock worth $590,000 after purchasing an additional 20 shares during the period. Gillespie Robinson & Grimm Inc. grew its position in Alphabet by 0.6% in the 1st quarter. Gillespie Robinson & Grimm Inc. now owns 24,864 shares of the information services provider’s stock worth $20,626,000 after purchasing an additional 154 shares during the period. Stock Yards Bank & Trust Co. grew its position in Alphabet by 2.4% in the 1st quarter. Stock Yards Bank & Trust Co. now owns 1,990 shares of the information services provider’s stock worth $1,651,000 after purchasing an additional 46 shares during the period. Finally, Forte Capital LLC ADV grew its position in Alphabet by 0.8% in the 1st quarter. Forte Capital LLC ADV now owns 1,797 shares of the information services provider’s stock worth $1,491,000 after purchasing an additional 15 shares during the period. 34.52% of the stock is owned by institutional investors.

A number of research firms have commented on GOOG. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $1,050.00 target price on shares of Alphabet in a research report on Monday, September 11th. UBS AG reiterated a “buy” rating and set a $1,080.00 price target on shares of Alphabet in a research note on Monday, September 11th. Credit Suisse Group reiterated an “outperform” rating on shares of Alphabet in a research note on Thursday, August 31st. Vetr cut shares of Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,033.60 price target on the stock. in a research note on Wednesday, August 30th. Finally, Monness Crespi & Hardt reiterated a “buy” rating on shares of Alphabet in a research note on Saturday, August 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and forty-one have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $1,031.14.

Alphabet Inc. (GOOG) opened at 928.53 on Friday. The firm’s 50-day moving average is $924.03 and its 200 day moving average is $909.94. The stock has a market capitalization of $643.36 billion, a P/E ratio of 33.65 and a beta of 0.94. Alphabet Inc. has a 12-month low of $727.54 and a 12-month high of $988.25.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.43 by $0.58. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The firm had revenue of $26.01 billion for the quarter, compared to analysts’ expectations of $25.61 billion. During the same period last year, the business posted $8.42 earnings per share. The firm’s revenue for the quarter was up 21.0% on a year-over-year basis. Equities analysts expect that Alphabet Inc. will post $30.59 EPS for the current year.

In other Alphabet news, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $903.86, for a total value of $3,615,440.00. Following the sale, the chief executive officer now directly owns 1,911 shares in the company, valued at $1,727,276.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP James Grier Campbell sold 183 shares of the firm’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $911.16, for a total value of $166,742.28. The disclosure for this sale can be found here. Insiders have sold 42,680 shares of company stock worth $39,700,363 over the last 90 days. 13.92% of

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Douglass Winthrop Advisors LLC grew its position in Alphabet by 4.6% in the 1st quarter. Douglass Winthrop Advisors LLC now owns 47,949 shares of the information services provider’s stock worth $39,777,000 after purchasing an additional 2,123 shares during the period. Burke & Herbert Bank & Trust Co. grew its position in Alphabet by 2.9% in the 1st quarter. Burke & Herbert Bank & Trust Co. now owns 711 shares of the information services provider’s stock worth $590,000 after purchasing an additional 20 shares during the period. Gillespie Robinson & Grimm Inc. grew its position in Alphabet by 0.6% in the 1st quarter. Gillespie Robinson & Grimm Inc. now owns 24,864 shares of the information services provider’s stock worth $20,626,000 after purchasing an additional 154 shares during the period. Stock Yards Bank & Trust Co. grew its position in Alphabet by 2.4% in the 1st quarter. Stock Yards Bank & Trust Co. now owns 1,990 shares of the information services provider’s stock worth $1,651,000 after purchasing an additional 46 shares during the period. Finally, Forte Capital LLC ADV grew its position in Alphabet by 0.8% in the 1st quarter. Forte Capital LLC ADV now owns 1,797 shares of the information services provider’s stock worth $1,491,000 after purchasing an additional 15 shares during the period. 34.52% of the stock is owned by institutional investors.

A number of research firms have commented on GOOG. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $1,050.00 target price on shares of Alphabet in a research report on Monday, September 11th. UBS AG reiterated a “buy” rating and set a $1,080.00 price target on shares of Alphabet in a research note on Monday, September 11th. Credit Suisse Group reiterated an “outperform” rating on shares of Alphabet in a research note on Thursday, August 31st. Vetr cut shares of Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,033.60 price target on the stock. in a research note on Wednesday, August 30th. Finally, Monness Crespi & Hardt reiterated a “buy” rating on shares of Alphabet in a research note on Saturday, August 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and forty-one have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $1,031.14.

Alphabet Inc. (GOOG) opened at 928.53 on Friday. The firm’s 50-day moving average is $924.03 and its 200 day moving average is $909.94. The stock has a market capitalization of $643.36 billion, a P/E ratio of 33.65 and a beta of 0.94. Alphabet Inc. has a 12-month low of $727.54 and a 12-month high of $988.25.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.43 by $0.58. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The firm had revenue of $26.01 billion for the quarter, compared to analysts’ expectations of $25.61 billion. During the same period last year, the business posted $8.42 earnings per share. The firm’s revenue for the quarter was up 21.0% on a year-over-year basis. Equities analysts expect that Alphabet Inc. will post $30.59 EPS for the current year.

In other Alphabet news, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $903.86, for a total value of $3,615,440.00. Following the sale, the chief executive officer now directly owns 1,911 shares in the company, valued at $1,727,276.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP James Grier Campbell sold 183 shares of the firm’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $911.16, for a total value of $166,742.28. The disclosure for this sale can be found here. Insiders have sold 42,680 shares of company stock worth $39,700,363 over the last 90 days. 13.92% of the stock is currently owned by company insiders.

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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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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