Tiemann Investment Advisors LLC held its stake in Alphabet Inc. (NASDAQ:GOOG) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 425 shares of the information services provider’s stock at the end of the first quarter. Tiemann Investment Advisors LLC’s holdings in Alphabet were worth $353,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of GOOG. Cambridge Advisors Inc. increased its stake in Alphabet by 0.4% in the first quarter. Cambridge Advisors Inc. now owns 272 shares of the information services provider’s stock valued at $226,000 after buying an additional 1 shares during the last quarter. Howland Capital Management LLC increased its stake in shares of Alphabet by 0.3% in the first quarter. Howland Capital Management LLC now owns 637 shares of the information services provider’s stock valued at $528,000 after buying an additional 2 shares in the last quarter. Lederer & Associates Investment Counsel CA increased its stake in shares of Alphabet by 0.4% in the first quarter. Lederer & Associates Investment Counsel CA now owns 1,091 shares of the information services provider’s stock valued at $905,000 after buying an additional 4 shares in the last quarter. Hodges Capital Management Inc. increased its stake in shares of Alphabet by 1.4% in the first quarter. Hodges Capital Management Inc. now owns 298 shares of the information services provider’s stock valued at $247,000 after buying an additional 4 shares in the last quarter. Finally, CGOV Asset Management increased its stake in shares of Alphabet by 0.4% in the first quarter. CGOV Asset Management now owns 1,405 shares of the information services provider’s stock valued at $1,553,000 after buying an additional 5 shares in the last quarter. Institutional investors own 34.54% of the company’s stock.

Alphabet Inc. (NASDAQ:GOOG) opened at 929.36 on Tuesday. Alphabet Inc. has a 52-week low of $727.54 and a 52-week high of $988.25. The company has a 50-day moving average price of $943.17 and a 200 day moving average price of $884.16. The stock has a market cap of $643.93 billion, a price-to-earnings ratio of 33.68 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, topping the consensus estimate of $4.43 by $0.58. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The firm had revenue of $26.01 billion during the quarter, compared to the consensus estimate of $25.61 billion. During the same quarter in the prior year, the firm earned $8.42 EPS. The company’s revenue for the quarter was up 21.0% on a year-over-year basis. On average, analysts expect that Alphabet Inc. will post $30.60 earnings per share for the current year.

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Several analysts have commented on the company. UBS AG reiterated a “buy” rating and set a $1,050.00 target price (up from $980.00) on shares of Alphabet in a research note on Friday, April 28th. Morgan Stanley reiterated a “buy” rating on shares of Alphabet in a research note on Monday, May 29th. J P Morgan Chase & Co reiterated a “buy” rating on shares of Alphabet in a research note on Tuesday, July 25th. Canaccord Genuity reiterated a “hold” rating and set a $1,000.00 target price on shares of Alphabet in a research note on Thursday, July 27th. Finally, Vetr upgraded Alphabet from a “sell” rating to a “hold” rating and set a $907.74 target price on the stock in a research note on Wednesday, May 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $1,022.32.

In related news, VP James Grier Campbell sold 183 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $968.95, for a total transaction of $177,317.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP David C. Drummond sold 2,000 shares of the company’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $945.65, for a total transaction of $1,891,300.00. Following the sale, the senior vice president now directly owns 3,800 shares of the company’s stock, valued at approximately $3,593,470. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 47,218 shares of company stock valued at $44,511,312. 13.92% of the stock is owned by corporate insiders.

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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