BTIM Corp. raised its stake in Alphabet Inc. (NASDAQ:GOOG) by 18.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 126,069 shares of the information services provider’s stock after buying an additional 19,655 shares during the period. Alphabet accounts for about 1.8% of BTIM Corp.’s holdings, making the stock its 3rd largest position. BTIM Corp.’s holdings in Alphabet were worth $114,562,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in GOOG. MIG Capital LLC purchased a new position in shares of Alphabet during the fourth quarter valued at about $18,987,000. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Alphabet by 6.8% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 19,917 shares of the information services provider’s stock valued at $15,384,000 after buying an additional 1,270 shares during the last quarter. Denver Investment Advisors LLC boosted its position in shares of Alphabet by 0.8% in the fourth quarter. Denver Investment Advisors LLC now owns 19,653 shares of the information services provider’s stock valued at $15,169,000 after buying an additional 159 shares during the last quarter. Congress Asset Management Co. MA purchased a new position in shares of Alphabet during the fourth quarter valued at about $11,840,000. Finally, Capital International Inc. CA boosted its position in shares of Alphabet by 12.7% in the fourth quarter. Capital International Inc. CA now owns 10,488 shares of the information services provider’s stock valued at $8,095,000 after buying an additional 1,184 shares during the last quarter. Institutional investors own 34.54% of the company’s stock.

Alphabet Inc. (NASDAQ GOOG) traded up 0.91% during trading on Friday, hitting $915.52. The stock had a trading volume of 694,882 shares. The stock’s 50 day moving average price is $937.88 and its 200 day moving average price is $888.43. The firm has a market cap of $634.34 billion, a P/E ratio of 33.18 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 posted its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, beating the Zacks’ 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 business had revenue of $26.01 billion for the quarter, compared to analyst estimates of $25.61 billion. During the same quarter last year, the business earned $8.42 earnings per share. The business’s revenue for the quarter was up 21.0% on a year-over-year basis. On average, analysts anticipate that Alphabet Inc. will post $30.59 EPS for the current fiscal year.

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GOOG has been the topic of several research reports. Nomura reissued a “buy” rating and issued a $985.00 target price on shares of Alphabet in a research report on Monday, May 1st. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Alphabet in a research report on Wednesday, June 28th. Barclays PLC reaffirmed an “overweight” rating on shares of Alphabet in a research report on Monday, April 17th. Wedbush reaffirmed an “underperform” rating and set a $725.00 price objective (up from $700.00) on shares of Alphabet in a research report on Saturday, April 29th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, April 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $1,026.22.

In other Alphabet news, Director Ann Mather sold 629 shares of Alphabet stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $932.28, for a total value of $586,404.12. Following the transaction, the director now owns 1,781 shares in the company, valued at $1,660,390.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP James Grier Campbell sold 183 shares of Alphabet stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $968.95, for a total transaction of $177,317.85. The disclosure for this sale can be found here. Insiders have sold 44,968 shares of company stock worth $42,387,042 in the last quarter. 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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