Clear Harbor Asset Management LLC raised its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,145 shares of the information services provider’s stock after buying an additional 72 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Alphabet were worth $3,912,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Riggs Asset Managment Co. Inc. lifted its position in shares of Alphabet by 39.6% during the second quarter. Riggs Asset Managment Co. Inc. now owns 141 shares of the information services provider’s stock valued at $128,000 after buying an additional 40 shares during the last quarter. Farmers National Bank lifted its position in shares of Alphabet by 15.0% during the first quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock valued at $134,000 after buying an additional 21 shares during the last quarter. St. Johns Investment Management Company LLC lifted its position in shares of Alphabet by 1,046.7% during the second quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock valued at $156,000 after buying an additional 157 shares during the last quarter. Cribstone Capital Management LLC lifted its position in shares of Alphabet by 5.7% during the second quarter. Cribstone Capital Management LLC now owns 184 shares of the information services provider’s stock valued at $167,000 after buying an additional 10 shares during the last quarter. Finally, Feltz Wealth PLAN Inc. purchased a new stake in shares of Alphabet during the first quarter valued at about $170,000. 34.55% of the stock is owned by institutional investors and hedge funds.

Alphabet Inc. (NASDAQ GOOG) traded down 0.52% on Friday, hitting $920.29. The stock had a trading volume of 2,505,430 shares. The stock has a market cap of $320.01 billion, a price-to-earnings ratio of 43.10 and a beta of 0.94. Alphabet Inc. has a one year low of $727.54 and a one year high of $988.25. The stock’s 50 day moving average is $925.04 and its 200 day moving average is $907.53.

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 analysts’ consensus estimates of $4.43 by $0.58. The business had revenue of $26.01 billion for the quarter, compared to analyst estimates of $25.61 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The business’s revenue for the quarter was up 21.0% compared to the same quarter last year. During the same quarter last year, the company earned $8.42 earnings per share. Analysts anticipate that Alphabet Inc. will post $30.59 earnings per share for the current year.

GOOG has been the subject of several analyst reports. Citigroup Inc. reissued a “buy” rating and set a $1,180.00 price target on shares of Alphabet in a research report on Thursday, July 27th. Deutsche Bank AG reissued a “buy” rating on shares of Alphabet in a research report on Monday, June 12th. Vetr raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $995.83 price target for the company in a research report on Monday, June 26th. BidaskClub raised shares of Alphabet from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Finally, Robert W. Baird reissued an “outperform” rating and set a $1,100.00 price target on shares of Alphabet in a research report on Saturday, August 26th. One 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 company presently has an average rating of “Buy” and an average price target of $1,031.14.

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In related news, SVP David C. Drummond sold 1,496 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $939.76, for a total transaction of $1,405,880.96. Following the transaction, the senior vice president now directly owns 52 shares in the company, valued at $48,867.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director L John Doerr sold 13,556 shares of the stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $922.15, for a total value of $12,500,665.40. Following the transaction, the director now owns 3,485 shares in the company, valued at $3,213,692.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 46,680 shares of company stock worth $43,521,363. Corporate 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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