First Houston Capital Inc. raised its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 2.5% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,116 shares of the information services provider’s stock after purchasing an additional 75 shares during the quarter. Alphabet accounts for about 2.8% of First Houston Capital Inc.’s investment portfolio, making the stock its 10th biggest holding. First Houston Capital Inc.’s holdings in Alphabet were worth $2,832,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Riggs Asset Managment Co. Inc. boosted its holdings in shares of Alphabet by 39.6% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 141 shares of the information services provider’s stock valued at $128,000 after acquiring an additional 40 shares during the last quarter. Farmers National Bank boosted its holdings in shares of Alphabet by 15.0% during the 1st quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock valued at $134,000 after acquiring an additional 21 shares during the last quarter. St. Johns Investment Management Company LLC boosted its holdings in shares of Alphabet by 1,046.7% during the 2nd quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock valued at $156,000 after acquiring an additional 157 shares during the last quarter. Catamount Wealth Management boosted its holdings in shares of Alphabet by 5.8% during the 2nd quarter. Catamount Wealth Management now owns 182 shares of the information services provider’s stock valued at $165,000 after acquiring an additional 10 shares during the last quarter. Finally, Cribstone Capital Management LLC boosted its holdings in shares of Alphabet by 5.7% during the 2nd quarter. Cribstone Capital Management LLC now owns 184 shares of the information services provider’s stock valued at $167,000 after acquiring an additional 10 shares during the last quarter. Institutional investors and hedge funds own 34.28% of the company’s stock.

A number of analysts have recently issued reports on the stock. Vetr downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,067.64 price target on the stock. in a report on Monday. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $1,050.00 price target on shares of Alphabet in a report on Wednesday, August 9th. BidaskClub downgraded shares of Alphabet from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. MKM Partners reaffirmed a “buy” rating and set a $1,210.00 price target (up previously from $1,170.00) on shares of Alphabet in a report on Thursday, August 10th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $1,047.52.

Shares of Alphabet Inc. (NASDAQ GOOG) opened at $1,019.09 on Friday. The stock has a market cap of $722,800.00, a price-to-earnings ratio of 34.35 and a beta of 0.96. Alphabet Inc. has a one year low of $737.02 and a one year high of $1,048.39. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77.

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

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In other news, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $931.44, for a total transaction of $3,725,760.00. Following the completion of the sale, the chief executive officer now directly owns 1,618 shares of the company’s stock, valued at $1,507,069.92. 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 37 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $940.67, for a total transaction of $34,804.79. Following the completion of the sale, the director now directly owns 1,789 shares of the company’s stock, valued at $1,682,858.63. The disclosure for this sale can be found here. Insiders have sold 38,394 shares of company stock valued at $37,937,930 over the last three months. Insiders own 13.92% of the company’s stock.

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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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