Nikko Asset Management Americas Inc. decreased its holdings in Alphabet Inc Class C (NASDAQ:GOOG) by 11.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 22,422 shares of the information services provider’s stock after selling 2,879 shares during the period. Nikko Asset Management Americas Inc.’s holdings in Alphabet Inc Class C were worth $25,015,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of GOOG. Summit Trail Advisors LLC increased its stake in shares of Alphabet Inc Class C by 132,719.3% in the 1st quarter. Summit Trail Advisors LLC now owns 18,679,702 shares of the information services provider’s stock valued at $18,680,000 after purchasing an additional 18,665,638 shares during the last quarter. Magellan Asset Management Ltd boosted its holdings in shares of Alphabet Inc Class C by 684.2% during the 1st quarter. Magellan Asset Management Ltd now owns 2,114,849 shares of the information services provider’s stock valued at $2,182,080,000 after acquiring an additional 1,845,160 shares in the last quarter. Cornerstone Wealth Management LLC boosted its holdings in shares of Alphabet Inc Class C by 114,793.0% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 723,826 shares of the information services provider’s stock valued at $642,000 after acquiring an additional 723,196 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Alphabet Inc Class C by 1.9% during the 1st quarter. BlackRock Inc. now owns 19,071,440 shares of the information services provider’s stock valued at $19,677,721,000 after acquiring an additional 352,952 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. boosted its holdings in shares of Alphabet Inc Class C by 25.5% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 997,418 shares of the information services provider’s stock valued at $1,043,696,000 after acquiring an additional 202,975 shares in the last quarter. Institutional investors own 34.31% of the company’s stock.

In other news, Director Ann Mather sold 24 shares of Alphabet Inc Class C stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $1,100.00, for a total value of $26,400.00. Following the completion of the transaction, the director now directly owns 1,870 shares of the company’s stock, valued at approximately $2,057,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 10,000 shares of Alphabet Inc Class C stock in a transaction dated Thursday, July 5th. The stock was sold at an average price of $1,113.42, for a total value of $11,134,200.00. Following the completion of the transaction, the chief executive officer now directly owns 899 shares of the company’s stock, valued at $1,000,964.58. The disclosure for this sale can be found here. Insiders have sold a total of 88,362 shares of company stock worth $105,376,354 over the last ninety days. Company insiders own 13.11% of the company’s stock.

Shares of GOOG opened at $1,171.44 on Friday. The stock has a market cap of $825.73 billion, a price-to-earnings ratio of 28.97 and a beta of 1.11. Alphabet Inc Class C has a 12 month low of $909.70 and a 12 month high of $1,273.89. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.13 and a current ratio of 4.15.

Alphabet Inc Class C (NASDAQ:GOOG) last announced its earnings results on Monday, July 23rd. The information services provider reported $11.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $9.66 by $2.09. The firm had revenue of $32.66 billion for the quarter, compared to the consensus estimate of $32.13 billion. Alphabet Inc Class C had a return on equity of 18.24% and a net margin of 13.16%. The business’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the previous year, the business earned $5.01 EPS.

GOOG has been the topic of several recent research reports. Barclays reissued a “buy” rating on shares of Alphabet Inc Class C in a report on Monday, August 20th. BidaskClub downgraded Alphabet Inc Class C from a “buy” rating to a “hold” rating in a report on Friday, August 17th. Oppenheimer raised their price objective on Alphabet Inc Class C from $1,350.00 to $1,450.00 and gave the company an “outperform” rating in a report on Tuesday, July 24th. Cowen raised their price objective on Alphabet Inc Class C from $1,245.00 to $1,350.00 and gave the company an “outperform” rating in a report on Friday, July 13th. Finally, Morgan Stanley reissued a “buy” rating on shares of Alphabet Inc Class C in a report on Friday, May 18th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $1,245.96.

Alphabet Inc Class C Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet Inc Class C (NASDAQ:GOOG)

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