Accident Compensation Corp increased its stake in Alphabet Inc. (NASDAQ:GOOG) by 2.8% during the first quarter, Holdings Channel reports. The firm owned 3,706 shares of the information services provider’s stock after buying an additional 100 shares during the period. Accident Compensation Corp’s holdings in Alphabet were worth $3,074,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of GOOG. Shepherd Financial Partners LLC acquired a new position in Alphabet during the fourth quarter worth approximately $3,291,000. Worth Venture Partners LLC acquired a new position in Alphabet during the fourth quarter worth approximately $1,532,000. Norges Bank acquired a new position in Alphabet during the fourth quarter worth approximately $2,128,163,000. Adviser Investments LLC acquired a new position in Alphabet during the first quarter worth approximately $1,276,000. Finally, Farmers & Merchants Investments Inc. increased its position in Alphabet by 0.3% in the first quarter. Farmers & Merchants Investments Inc. now owns 5,464 shares of the information services provider’s stock worth $4,533,000 after buying an additional 18 shares during the last quarter. Institutional investors own 34.54% of the company’s stock.

Alphabet Inc. (NASDAQ:GOOG) traded down 0.50% during trading on Wednesday, hitting $922.14. The stock had a trading volume of 431,179 shares. The stock has a 50-day moving average price of $941.33 and a 200-day moving average price of $885.08. The company has a market cap of $638.93 billion, a PE ratio of 33.42 and a beta of 0.94. Alphabet Inc. has a 52 week low of $727.54 and a 52 week high of $988.25.

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

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GOOG has been the topic of a number of recent analyst reports. MKM Partners reiterated a “buy” rating and issued a $1,170.00 price objective on shares of Alphabet in a report on Wednesday, June 28th. Morgan Stanley reiterated a “buy” rating on shares of Alphabet in a report on Monday, May 29th. Nomura reiterated a “buy” rating and issued a $985.00 price objective on shares of Alphabet in a report on Monday, May 1st. Cowen and Company reiterated an “outperform” rating and issued a $1,050.00 price objective on shares of Alphabet in a report on Wednesday, April 19th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $1,050.00 price objective on shares of Alphabet in a report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $1,022.32.

In related news, VP James Grier Campbell sold 183 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $968.95, for a total value of $177,317.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director L John Doerr sold 13,355 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $935.93, for a total transaction of $12,499,345.15. Following the completion of the sale, the director now directly owns 3,468 shares of the company’s stock, valued at approximately $3,245,805.24. 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. Company insiders own 13.92% of the company’s stock.

Alphabet Company Profile

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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