Toth Financial Advisory Corp reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,102 shares of the information services provider’s stock after selling 10 shares during the period. Toth Financial Advisory Corp’s holdings in Alphabet were worth $1,001,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of GOOG. Bank of Montreal Can grew its position in Alphabet by 12.0% during the first quarter. Bank of Montreal Can now owns 1,692,542 shares of the information services provider’s stock valued at $1,404,065,000 after acquiring an additional 181,085 shares during the last quarter. Regentatlantic Capital LLC grew its holdings in shares of Alphabet by 2.0% in the first quarter. Regentatlantic Capital LLC now owns 1,313 shares of the information services provider’s stock worth $1,089,000 after purchasing an additional 26 shares during the last quarter. Jacobs & Co. CA grew its holdings in shares of Alphabet by 0.7% in the first quarter. Jacobs & Co. CA now owns 9,661 shares of the information services provider’s stock worth $8,014,000 after purchasing an additional 68 shares during the last quarter. TNB Financial bought a new position in shares of Alphabet in the first quarter worth approximately $11,222,000. Finally, Verde Servicos Internacionais S.A. grew its holdings in shares of Alphabet by 36.2% in the first quarter. Verde Servicos Internacionais S.A. now owns 26,964 shares of the information services provider’s stock worth $22,368,000 after purchasing an additional 7,169 shares during the last quarter. Institutional investors and hedge funds own 34.55% of the company’s stock.

GOOG has been the topic of several recent analyst reports. MKM Partners reiterated a “buy” rating and issued a $1,170.00 price target 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. Cowen and Company reiterated an “outperform” rating and issued a $1,075.00 price target on shares of Alphabet in a report on Thursday, August 10th. Needham & Company LLC reiterated a “buy” rating and issued a $1,050.00 price target on shares of Alphabet in a report on Monday, July 17th. Finally, Wells Fargo & Company reiterated an “outperform” rating and issued a price target on shares of Alphabet in a report on Tuesday, May 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and forty-one have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $1,031.14.

In related news, CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $955.25, for a total transaction of $3,821,000.00. Following the transaction, the chief executive officer now owns 1,683 shares in the company, valued at $1,607,685.75. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP David C. Drummond sold 2,000 shares of Alphabet stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $949.77, for a total value of $1,899,540.00. Following the transaction, the senior vice president now owns 1,800 shares in the company, valued at approximately $1,709,586. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,680 shares of company stock worth $43,521,363. 13.92% of the stock is currently owned by company insiders.

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Alphabet Inc. (GOOG) traded up 0.25% during mid-day trading on Wednesday, reaching $934.39. The company had a trading volume of 528,716 shares. The stock has a 50 day moving average of $926.52 and a 200 day moving average of $906.54. Alphabet Inc. has a 52 week low of $727.54 and a 52 week high of $988.25. The stock has a market capitalization of $647.42 billion, a price-to-earnings ratio of 33.86 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, topping the Zacks’ 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 the consensus estimate of $25.61 billion. During the same quarter last year, the business posted $8.42 earnings per share. The firm’s revenue was up 21.0% compared to the same quarter last year. Analysts anticipate that Alphabet Inc. will post $30.59 earnings per share for the current year.

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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