First Mercantile Trust Co. trimmed its holdings in shares of Alphabet Inc Class C (NASDAQ:GOOG) by 4.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,662 shares of the information services provider’s stock after selling 72 shares during the period. First Mercantile Trust Co.’s holdings in Alphabet Inc Class C were worth $1,854,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GOOG. Smart Portfolios LLC purchased a new stake in Alphabet Inc Class C during the first quarter valued at about $103,000. Braun Bostich & Associates Inc. purchased a new stake in Alphabet Inc Class C during the first quarter valued at about $107,000. Litman Gregory Asset Management LLC purchased a new stake in Alphabet Inc Class C during the first quarter valued at about $113,000. JJJ Advisors Inc. purchased a new stake in Alphabet Inc Class C during the second quarter valued at about $134,000. Finally, WealthShield LLC purchased a new stake in Alphabet Inc Class C during the fourth quarter valued at about $144,000. Institutional investors and hedge funds own 34.31% of the company’s stock.

In related news, CEO Sundar Pichai sold 10,000 shares of the stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $1,192.12, for a total value of $11,921,200.00. Following the completion of the transaction, the chief executive officer now directly owns 871 shares of the company’s stock, valued at $1,038,336.52. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP David C. Drummond sold 5,690 shares of the stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $1,177.36, for a total transaction of $6,699,178.40. Following the completion of the transaction, the senior vice president now directly owns 41,234 shares of the company’s stock, valued at $48,547,262.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 88,362 shares of company stock valued at $105,611,408. 13.11% of the stock is owned by insiders.

GOOG has been the subject of several analyst reports. BidaskClub upgraded shares of Alphabet Inc Class C from a “hold” rating to a “buy” rating in a research report on Thursday, August 30th. Jefferies Financial Group restated a “buy” rating on shares of Alphabet Inc Class C in a research report on Monday, July 16th. Morgan Stanley restated a “buy” rating on shares of Alphabet Inc Class C in a research report on Friday, May 18th. Nomura reaffirmed a “buy” rating on shares of Alphabet Inc Class C in a research note on Wednesday, July 11th. Finally, Goldman Sachs Group reaffirmed a “$1,186.96” rating on shares of Alphabet Inc Class C in a research note on Thursday, July 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have given a buy rating to the company’s stock. Alphabet Inc Class C presently has an average rating of “Buy” and a consensus target price of $1,255.72.

GOOG stock opened at $1,175.33 on Friday. Alphabet Inc Class C has a 1 year low of $909.70 and a 1 year high of $1,273.89. The stock has a market capitalization of $819.38 billion, a P/E ratio of 28.75 and a beta of 1.11. The company has a quick ratio of 4.13, a current ratio of 4.15 and a debt-to-equity ratio of 0.02.

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

Alphabet Inc Class C Company 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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