Investment House LLC decreased its position in Alphabet Inc. (NASDAQ:GOOG) by 0.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,582 shares of the company’s stock after selling 11 shares during the period. Alphabet accounts for approximately 2.2% of Investment House LLC’s holdings, making the stock its 7th largest position. Investment House LLC’s holdings in Alphabet were worth $13,553,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. D. Scott Neal Inc. boosted its position in shares of Alphabet by 2,000.0% in the second quarter. D. Scott Neal Inc. now owns 210 shares of the company’s stock worth $145,000 after buying an additional 200 shares in the last quarter. Cacti Asset Management LLC purchased a new stake in Alphabet during the second quarter valued at $159,000. Stewart & Patten Co. LLC raised its stake in Alphabet by 1.3% in the second quarter. Stewart & Patten Co. LLC now owns 323 shares of the company’s stock valued at $224,000 after buying an additional 4 shares during the last quarter. Retirement Planning Group raised its stake in Alphabet by 1.5% in the first quarter. Retirement Planning Group now owns 330 shares of the company’s stock valued at $246,000 after buying an additional 5 shares during the last quarter. Finally, Clarkston Capital Partners LLC raised its stake in Alphabet by 14.9% in the second quarter. Clarkston Capital Partners LLC now owns 331 shares of the company’s stock valued at $229,000 after buying an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 34.39% of the company’s stock.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Shares of Alphabet Inc. (NASDAQ:GOOG) traded up 0.04% during trading on Friday, reaching $778.53. 852,487 shares of the company traded hands. The stock has a market capitalization of $535.06 billion, a PE ratio of 30.17 and a beta of 1.03. Alphabet Inc. has a 12-month low of $641.73 and a 12-month high of $792.28. The firm’s 50-day moving average is $774.66 and its 200-day moving average is $741.88.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, July 28th. The company reported $8.42 earnings per share for the quarter, topping the consensus estimate of $8.03 by $0.39. The firm earned $21.50 billion during the quarter, compared to the consensus estimate of $20.74 billion. Alphabet had a net margin of 22.00% and a return on equity of 14.74%. The company’s revenue was up 21.3% on a year-over-year basis. During the same quarter last year, the company earned $6.99 earnings per share. On average, equities analysts predict that Alphabet Inc. will post $34.14 earnings per share for the current fiscal year.

Several analysts have recently weighed in on the stock. Deutsche Bank AG reaffirmed a “buy” rating and set a $1,050.00 price objective on shares of Alphabet in a report on Wednesday. Robert W. Baird reaffirmed an “outperform” rating and set a $900.00 price objective on shares of Alphabet in a report on Wednesday, October 5th. SunTrust Banks Inc. reaffirmed a “buy” rating and set a $900.00 price objective on shares of Alphabet in a report on Wednesday, October 5th. Needham & Company LLC set a $900.00 price objective on shares of Alphabet and gave the stock a “buy” rating in a report on Wednesday, October 5th. Finally, Macquarie reaffirmed an “outperform” rating and set a $975.00 price objective on shares of Alphabet in a report on Wednesday, October 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating, forty-five have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $926.55.

In related news, Director Ann Mather sold 43 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The shares were sold at an average price of $773.49, for a total transaction of $33,260.07. Following the completion of the transaction, the director now owns 1,656 shares of the company’s stock, valued at $1,280,899.44. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Lawrence Page sold 33,340 shares of the business’s stock in a transaction that occurred on Friday, September 23rd. The shares were sold at an average price of $800.75, for a total transaction of $26,697,005.00. Following the transaction, the chief executive officer now directly owns 105,670 shares of the company’s stock, valued at approximately $84,615,252.50. The disclosure for this sale can be found here. 13.92% of the stock is currently owned by insiders.

Alphabet Company Profile

Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.

5 Day Chart for NASDAQ:GOOG

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