Plancorp LLC reduced its position in Alphabet Inc. (NASDAQ:GOOG) by 14.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 316 shares of the information services provider’s stock after selling 54 shares during the period. Plancorp LLC’s holdings in Alphabet were worth $289,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Cambridge Advisors Inc. grew its holdings in Alphabet by 0.4% during the 1st quarter. Cambridge Advisors Inc. now owns 272 shares of the information services provider’s stock valued at $226,000 after buying an additional 1 shares in the last quarter. Howland Capital Management LLC grew its holdings in Alphabet by 0.3% during the 1st quarter. Howland Capital Management LLC now owns 637 shares of the information services provider’s stock valued at $528,000 after buying an additional 2 shares in the last quarter. Gradient Investments LLC grew its holdings in Alphabet by 0.6% during the 2nd quarter. Gradient Investments LLC now owns 506 shares of the information services provider’s stock valued at $460,000 after buying an additional 3 shares in the last quarter. Lederer & Associates Investment Counsel CA grew its holdings in Alphabet by 0.4% during the 1st quarter. Lederer & Associates Investment Counsel CA now owns 1,091 shares of the information services provider’s stock valued at $905,000 after buying an additional 4 shares in the last quarter. Finally, Hodges Capital Management Inc. grew its holdings 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 buying an additional 4 shares in the last quarter. Institutional investors and hedge funds own 34.52% of the company’s stock.

A number of research analysts have weighed in on GOOG shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $1,200.00 target price (up previously from $950.00) on shares of Alphabet in a report on Sunday, May 28th. Deutsche Bank AG reaffirmed a “buy” rating on shares of Alphabet in a report on Monday, May 29th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Alphabet in a report on Monday, May 29th. Morgan Stanley reaffirmed a “buy” rating on shares of Alphabet in a report on Monday, May 29th. Finally, Instinet reissued a “buy” rating on shares of Alphabet in a report on Friday, June 2nd. One investment 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. Alphabet presently has a consensus rating of “Buy” and an average price target of $1,031.14.

Shares of Alphabet Inc. (NASDAQ GOOG) traded down 0.42% during trading on Friday, hitting $928.53. The stock had a trading volume of 1,052,704 shares. The firm’s 50-day moving average is $924.03 and its 200 day moving average is $909.94. Alphabet Inc. has a 52-week low of $727.54 and a 52-week high of $988.25. The firm has a market cap of $643.36 billion, a price-to-earnings ratio of 33.65 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, topping the consensus estimate of $4.43 by $0.58. The company had revenue of $26.01 billion during 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 firm’s revenue for the quarter was up 21.0% compared to the same quarter last year. During the same period in the prior year, the business posted $8.42 earnings per share. On average, analysts expect that Alphabet Inc. will post $30.59 EPS for the current year.

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In other news, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction on Wednesday, July 5th. The stock was 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Shirley M. Tilghman sold 525 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $938.09, for a total value 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 sold 42,680 shares of company stock valued at $39,700,363 over the last quarter. 13.92% of the stock is currently owned by company insiders.

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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