Boston Advisors LLC grew its stake in Alphabet Inc. (NASDAQ:GOOG) by 2.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,884 shares of the information services provider’s stock after acquiring an additional 48 shares during the quarter. Boston Advisors LLC’s holdings in Alphabet were worth $1,712,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of GOOG. Sanders Capital LLC increased its stake in shares of Alphabet by 37.1% in the 1st quarter. Sanders Capital LLC now owns 1,199,405 shares of the information services provider’s stock worth $1,019,026,000 after acquiring an additional 324,596 shares during the last quarter. Pictet Asset Management Ltd. increased its stake in shares of Alphabet by 35.8% in the 1st quarter. Pictet Asset Management Ltd. now owns 422,437 shares of the information services provider’s stock worth $350,437,000 after acquiring an additional 111,292 shares during the last quarter. Karp Capital Management Corp acquired a new stake in shares of Alphabet in the 1st quarter worth $82,519,000. Russell Investments Group Ltd. increased its stake in shares of Alphabet by 12.0% in the 1st quarter. Russell Investments Group Ltd. now owns 876,999 shares of the information services provider’s stock worth $727,645,000 after acquiring an additional 94,111 shares during the last quarter. Finally, Vontobel Asset Management Inc. increased its stake in shares of Alphabet by 19.1% in the 2nd quarter. Vontobel Asset Management Inc. now owns 558,500 shares of the information services provider’s stock worth $520,175,000 after acquiring an additional 89,703 shares during the last quarter. 34.52% of the stock is owned by institutional investors and hedge funds.

GOOG has been the subject of a number of recent research reports. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Alphabet in a research note on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Alphabet in a research note on Wednesday, June 28th. Vetr downgraded Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,033.60 target price for the company. in a research note on Wednesday, August 30th. Canaccord Genuity downgraded Alphabet from a “buy” rating to a “hold” rating and set a $1,000.00 target price for the company. in a research note on Thursday, June 15th. They noted that the move was a valuation call. Finally, Credit Suisse Group reaffirmed an “outperform” rating on shares of Alphabet in a research note on Friday, June 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and forty-one have issued a buy rating to the company. Alphabet currently has a consensus rating of “Buy” and a consensus price target of $1,031.14.

In other news, Director L John Doerr sold 13,556 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $922.15, for a total transaction of $12,500,665.40. Following the sale, the director now directly owns 3,485 shares in the company, valued at approximately $3,213,692.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ann Mather sold 629 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $932.28, for a total value of $586,404.12. Following the sale, the director now owns 1,781 shares in the company, valued at $1,660,390.68. The disclosure for this sale can be found here. Insiders have sold a total of 46,680 shares of company stock worth $43,521,363 over the last quarter. Insiders own 13.92% of the company’s stock.

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Alphabet Inc. (NASDAQ:GOOG) traded up 0.5352% on Tuesday, hitting $919.8974. The stock had a trading volume of 467,549 shares. The company’s 50 day moving average price is $924.28 and its 200-day moving average price is $909.27. The company has a market cap of $637.38 billion, a price-to-earnings ratio of 33.3381 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 announced its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, topping analysts’ consensus estimates of $4.43 by $0.58. The business had revenue of $26.01 billion for the quarter, compared to analysts’ expectations of $25.61 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The business’s quarterly revenue was up 21.0% on a year-over-year basis. During the same period in the prior year, the firm earned $8.42 EPS. Equities research analysts anticipate that Alphabet Inc. will post $30.59 EPS 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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