First American Bank trimmed its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,322 shares of the information services provider’s stock after selling 6 shares during the quarter. First American Bank’s holdings in Alphabet were worth $3,019,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the company. Cambridge Advisors Inc. raised its position in shares of Alphabet by 0.4% during the 1st quarter. Cambridge Advisors Inc. now owns 272 shares of the information services provider’s stock worth $226,000 after purchasing an additional 1 shares during the period. Howland Capital Management LLC grew its holdings in Alphabet by 0.3% in the 1st quarter. Howland Capital Management LLC now owns 637 shares of the information services provider’s stock worth $528,000 after buying an additional 2 shares in the last quarter. Lederer & Associates Investment Counsel CA grew its holdings in Alphabet by 0.4% in the 1st quarter. Lederer & Associates Investment Counsel CA now owns 1,091 shares of the information services provider’s stock worth $905,000 after buying an additional 4 shares in the last quarter. Hodges Capital Management Inc. boosted its stake in Alphabet by 1.4% during the 1st quarter. Hodges Capital Management Inc. now owns 298 shares of the information services provider’s stock valued at $247,000 after purchasing an additional 4 shares in the last quarter. Finally, CGOV Asset Management boosted its stake in Alphabet by 0.4% during the 1st quarter. CGOV Asset Management now owns 1,405 shares of the information services provider’s stock valued at $1,553,000 after purchasing an additional 5 shares in the last quarter. Institutional investors and hedge funds own 34.52% of the company’s stock.

In other news, CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $903.86, for a total transaction of $3,615,440.00. Following the completion of the transaction, the chief executive officer now directly owns 1,911 shares in the company, valued at $1,727,276.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Shirley M. Tilghman sold 525 shares of Alphabet stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $938.09, for a total transaction of $492,497.25. Following the transaction, the director now owns 5,517 shares of the company’s stock, valued at $5,175,442.53. The disclosure for this sale can be found here. Insiders have sold 42,680 shares of company stock valued at $39,700,363 over the last quarter. Corporate insiders own 13.92% of the company’s stock.

Shares of Alphabet Inc. (NASDAQ:GOOG) traded up 1.11% during midday trading on Wednesday, reaching $932.01. 827,390 shares of the company’s stock traded hands. The stock has a market cap of $645.77 billion, a P/E ratio of 33.78 and a beta of 0.94. Alphabet Inc. has a 12 month low of $727.54 and a 12 month high of $988.25. The stock has a 50 day moving average of $924.03 and a 200-day moving average of $909.94.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.43 by $0.58. The firm had revenue of $26.01 billion during the quarter, compared to analysts’ expectations of $25.61 billion. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The business’s revenue was up 21.0% on a year-over-year basis. During the same period last year, the company earned $8.42 earnings per share. On average, equities research analysts forecast that Alphabet Inc. will post $30.59 EPS for the current fiscal year.

GOOG has been the subject of a number of research reports. MKM Partners reaffirmed a “buy” rating and set a $1,170.00 price target on shares of Alphabet in a research note on Wednesday, June 28th. Morgan Stanley reissued a “buy” rating on shares of Alphabet in a research note on Monday, May 29th. Cowen and Company restated an “outperform” rating and issued a $1,075.00 target price on shares of Alphabet in a report on Thursday, August 10th. Needham & Company LLC restated a “buy” rating and issued a $1,050.00 target price on shares of Alphabet in a report on Monday, July 17th. Finally, Wells Fargo & Company restated an “outperform” rating and issued a target price on shares of Alphabet in a report on Tuesday, May 23rd. One equities 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 stock. Alphabet has an average rating of “Buy” and an average target price of $1,031.14.

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Alphabet 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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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