Macquarie Group Ltd. reduced its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 4.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 355,478 shares of the company’s stock after selling 16,137 shares during the period. Macquarie Group Ltd. owned about 0.05% of Alphabet worth $246,027,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. AMP Capital Investors Ltd raised its stake in Alphabet by 2.7% in the first quarter. AMP Capital Investors Ltd now owns 160,666 shares of the company’s stock valued at $120,585,000 after buying an additional 4,254 shares in the last quarter. Renaissance Technologies LLC raised its position in Alphabet by 533.7% in the first quarter. Renaissance Technologies LLC now owns 164,498 shares of the company’s stock valued at $122,543,000 after buying an additional 138,541 shares during the period. Citizens Financial Group Inc RI raised its position in Alphabet by 2.5% in the first quarter. Citizens Financial Group Inc RI now owns 13,256 shares of the company’s stock valued at $9,875,000 after buying an additional 328 shares during the period. Newbrook Capital Advisors LP purchased a new position in Alphabet during the first quarter valued at approximately $91,719,000. Finally, Mariner Wealth Advisors LLC raised its position in Alphabet by 31.0% in the first quarter. Mariner Wealth Advisors LLC now owns 4,317 shares of the company’s stock valued at $3,217,000 after buying an additional 1,021 shares during the period. Institutional investors and hedge funds own 34.41% of the company’s stock.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Shares of Alphabet Inc. (NASDAQ:GOOG) traded down 1.39% during midday trading on Friday, hitting $760.54. 1,547,145 shares of the company’s stock traded hands. The company has a 50 day moving average of $780.47 and a 200 day moving average of $749.59. Alphabet Inc. has a 52 week low of $663.06 and a 52 week high of $816.68. The stock has a market cap of $524.19 billion, a P/E ratio of 27.84 and a beta of 1.01.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, October 27th. The company reported $9.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $8.62 by $0.44. The company earned $22.45 billion during the quarter, compared to analysts’ expectations of $13.17 billion. Alphabet had a return on equity of 15.08% and a net margin of 22.29%. The business’s revenue was up 20.2% on a year-over-year basis. During the same period in the prior year, the business posted $7.35 EPS. On average, equities analysts forecast that Alphabet Inc. will post $34.42 EPS for the current fiscal year.

Several research firms have weighed in on GOOG. Cantor Fitzgerald reissued a “buy” rating on shares of Alphabet in a research report on Friday, July 29th. RBC Capital Markets reissued an “outperform” rating and set a $1,025.00 target price (up previously from $1,000.00) on shares of Alphabet in a research report on Friday, September 30th. Deutsche Bank AG reissued a “buy” rating and set a $1,050.00 target price on shares of Alphabet in a research report on Wednesday, October 12th. SunTrust Banks Inc. reissued a “buy” rating and set a $900.00 target price (up previously from $850.00) on shares of Alphabet in a research report on Sunday, July 31st. Finally, Credit Agricole SA reissued a “buy” rating and set a $990.00 target price (up previously from $970.00) on shares of Alphabet in a research report on Sunday, July 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and forty-four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $940.42.

In related news, Director Ann Mather sold 43 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $773.49, for a total transaction of $33,260.07. Following the sale, the director now directly owns 1,656 shares of the company’s stock, valued at approximately $1,280,899.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $782.62, for a total value of $3,130,480.00. Following the sale, the chief executive officer now directly owns 3,378 shares in the company, valued at $2,643,690.36. The disclosure for this sale can be found here. Corporate insiders own 13.92% of the company’s stock.

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

Receive News & Stock Ratings for Alphabet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc. and related stocks with our FREE daily email newsletter.