Sound Shore Management Inc. CT continued to hold its position in shares of Alphabet Inc. (NASDAQ:GOOG) during the second quarter, Holdings Channel reports. The firm owned 415 shares of the company’s stock at the end of the second quarter. Sound Shore Management Inc. CT’s holdings in Alphabet were worth $287,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Acadian Asset Management LLC boosted its position in shares of Alphabet by 1,133.2% in the first quarter. Acadian Asset Management LLC now owns 12,418 shares of the company’s stock worth $9,251,000 after buying an additional 11,411 shares during the last quarter. Eagle Capital Management LLC boosted its position in shares of Alphabet by 0.9% in the first quarter. Eagle Capital Management LLC now owns 2,103 shares of the company’s stock worth $1,567,000 after buying an additional 18 shares during the last quarter. RNC Capital Management LLC boosted its position in shares of Alphabet by 2.3% in the first quarter. RNC Capital Management LLC now owns 5,646 shares of the company’s stock worth $4,206,000 after buying an additional 125 shares during the last quarter. Independent Portfolio Consultants Inc. bought a new position in shares of Alphabet during the first quarter worth about $2,027,000. Finally, Benjamin F. Edwards & Company Inc. boosted its position in shares of Alphabet by 20.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,510 shares of the company’s stock worth $2,615,000 after buying an additional 599 shares during the last quarter. Institutional investors and hedge funds own 34.38% of the company’s stock.

Alphabet Inc. (NASDAQ:GOOG) traded up 0.01% during midday trading on Friday, reaching $787.31. The company’s stock had a trading volume of 956,053 shares. Alphabet Inc. has a 52 week low of $589.38 and a 52 week high of $789.87. The firm has a 50 day moving average price of $774.12 and a 200-day moving average price of $735.94. The firm has a market cap of $541.10 billion, a P/E ratio of 30.51 and a beta of 1.03.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Thursday, July 28th. The company reported $8.42 EPS for the quarter, topping the Zacks’ consensus estimate of $8.03 by $0.39. Alphabet had a net margin of 22.00% and a return on equity of 14.74%. The company earned $21.50 billion during the quarter, compared to the consensus estimate of $20.74 billion. During the same period in the prior year, the business posted $6.99 EPS. The company’s quarterly revenue was up 21.3% on a year-over-year basis. On average, analysts forecast that Alphabet Inc. will post $34.29 earnings per share for the current fiscal year.

A number of brokerages recently issued reports on GOOG. Credit Agricole SA restated a “buy” rating on shares of Alphabet in a report on Friday. Vetr upgraded Alphabet from a “hold” rating to a “buy” rating and set a $822.37 target price on the stock in a report on Thursday, August 18th. Jefferies Group restated a “buy” rating on shares of Alphabet in a report on Friday, September 9th. Argus restated a “buy” rating and issued a $900.00 target price on shares of Alphabet in a report on Tuesday, August 2nd. Finally, Deutsche Bank AG restated a “buy” rating and issued a $1,050.00 target price (down from $1,100.00) on shares of Alphabet in a report on Sunday, July 31st. Two analysts have rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $925.56.

In related news, VP James Grier Campbell sold 603 shares of the firm’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $767.18, for a total value of $462,609.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lawrence Page sold 33,332 shares of the firm’s stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $785.89, for a total transaction of $26,195,285.48. Following the completion of the sale, the chief executive officer now owns 105,666 shares of the company’s stock, valued at $83,041,852.74. The disclosure for this sale can be found here. Insiders own 13.92% of the company’s stock.

About Alphabet

Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.

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