KDI Capital Partners LLC continued to hold its stake in Alphabet Inc. (NASDAQ:GOOG) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 15,508 shares of the information services provider’s stock at the end of the 2nd quarter. Alphabet makes up about 4.8% of KDI Capital Partners LLC’s portfolio, making the stock its 2nd biggest position. KDI Capital Partners LLC’s holdings in Alphabet were worth $14,093,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in GOOG. Capital Investment Advisory Services LLC boosted its position in shares of Alphabet by 0.4% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 253 shares of the information services provider’s stock worth $230,000 after purchasing an additional 1 shares during the period. Foster & Motley Inc. boosted its position in shares of Alphabet by 0.8% during the 2nd quarter. Foster & Motley Inc. now owns 265 shares of the information services provider’s stock worth $241,000 after purchasing an additional 2 shares during the period. Gradient Investments LLC boosted its position in shares of Alphabet by 0.6% during the 2nd quarter. Gradient Investments LLC now owns 506 shares of the information services provider’s stock worth $460,000 after purchasing an additional 3 shares during the period. Saratoga Research & Investment Management boosted its position in shares of Alphabet by 1.2% during the 2nd quarter. Saratoga Research & Investment Management now owns 257 shares of the information services provider’s stock worth $234,000 after purchasing an additional 3 shares during the period. Finally, Edge Wealth Management LLC boosted its position in shares of Alphabet by 0.9% during the 2nd quarter. Edge Wealth Management LLC now owns 340 shares of the information services provider’s stock worth $309,000 after purchasing an additional 3 shares during the period. Institutional investors and hedge funds own 34.28% of the company’s stock.

A number of equities analysts recently weighed in on the stock. Pivotal Research reaffirmed a “hold” rating and set a $980.00 price objective (down previously from $990.00) on shares of Alphabet in a research report on Monday, July 17th. BidaskClub raised shares of Alphabet from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Alphabet in a research report on Tuesday, July 25th. Canaccord Genuity reaffirmed a “hold” rating and set a $1,000.00 price objective on shares of Alphabet in a research report on Thursday, July 27th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $1,045.44.

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In related news, Director L John Doerr sold 13,556 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $922.15, for a total transaction of $12,500,665.40. Following the sale, the director now owns 3,485 shares of the company’s stock, valued at $3,213,692.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $1,018.97, for a total transaction of $4,075,880.00. Following the sale, the chief executive officer now directly owns 1,699 shares in the company, valued at approximately $1,731,230.03. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,714 shares of company stock worth $37,563,065. 13.92% of the stock is owned by insiders.

Shares of Alphabet Inc. (NASDAQ:GOOG) opened at $1,028.07 on Monday. The firm has a market cap of $714,304.06, a PE ratio of 34.42 and a beta of 0.95. Alphabet Inc. has a fifty-two week low of $727.54 and a fifty-two week high of $1,048.39. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, topping analysts’ consensus estimates of $8.31 by $1.26. The firm had revenue of $27.77 billion for the quarter, compared to the consensus estimate of $27.17 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The firm’s revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $9.06 earnings per share.

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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