Notis McConarty Edward raised its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 6.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 301 shares of the information services provider’s stock after buying an additional 18 shares during the period. Notis McConarty Edward’s holdings in Alphabet were worth $273,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Smith Salley & Associates boosted its holdings in shares of Alphabet by 0.8% during the second quarter. Smith Salley & Associates now owns 8,250 shares of the information services provider’s stock worth $7,497,000 after purchasing an additional 67 shares during the period. Personal Capital Advisors Corp boosted its holdings in shares of Alphabet by 4.6% during the second quarter. Personal Capital Advisors Corp now owns 38,522 shares of the information services provider’s stock worth $35,006,000 after purchasing an additional 1,705 shares during the period. Boston Advisors LLC boosted its holdings in shares of Alphabet by 2.6% during the second quarter. Boston Advisors LLC now owns 1,884 shares of the information services provider’s stock worth $1,712,000 after purchasing an additional 48 shares during the period. Clear Harbor Asset Management LLC boosted its holdings in shares of Alphabet by 1.8% during the second quarter. Clear Harbor Asset Management LLC now owns 4,145 shares of the information services provider’s stock worth $3,912,000 after purchasing an additional 72 shares during the period. Finally, Wellington Shields Capital Management LLC boosted its holdings in shares of Alphabet by 3.6% during the second quarter. Wellington Shields Capital Management LLC now owns 5,229 shares of the information services provider’s stock worth $4,752,000 after purchasing an additional 180 shares during the period. Institutional investors and hedge funds own 34.52% of the company’s stock.

Shares of Alphabet Inc. (NASDAQ GOOG) traded down 0.61% during mid-day trading on Friday, reaching $926.75. 516,379 shares of the company’s stock were exchanged. The company’s 50 day moving average is $924.03 and its 200 day moving average is $909.94. The stock has a market capitalization of $642.13 billion, a PE ratio of 33.59 and a beta of 0.94. Alphabet Inc. has a 1-year low of $727.54 and a 1-year high of $988.25.

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

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In other Alphabet news, VP James Grier Campbell sold 183 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $911.16, for a total transaction of $166,742.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly owns 1,911 shares in the company, valued at $1,727,276.46. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,680 shares of company stock worth $39,700,363. Insiders own 13.92% of the company’s stock.

A number of research firms have recently weighed in on GOOG. UBS AG reiterated a “buy” rating and set a $1,080.00 target price on shares of Alphabet in a report on Tuesday, July 25th. Needham & Company LLC reiterated a “buy” rating and set a $1,100.00 target price (up from $1,050.00) on shares of Alphabet in a report on Tuesday, July 25th. J P Morgan Chase & Co reiterated a “buy” rating on shares of Alphabet in a report on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Alphabet in a report on Tuesday, July 25th. Finally, JMP Securities reiterated an “outperform” rating and set a $1,077.00 target price on shares of Alphabet in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and forty-one have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $1,031.14.

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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