Leavell Investment Management Inc. maintained its position in Alphabet Inc. (NASDAQ:GOOG) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,018 shares of the information services provider’s stock at the end of the first quarter. Leavell Investment Management Inc.’s holdings in Alphabet were worth $3,333,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. IFP Advisors Inc raised its stake in Alphabet by 43.0% in the first quarter. IFP Advisors Inc now owns 6,985 shares of the information services provider’s stock valued at $5,794,000 after buying an additional 2,102 shares during the last quarter. Rand Wealth LLC raised its stake in Alphabet by 1.2% in the first quarter. Rand Wealth LLC now owns 2,656 shares of the information services provider’s stock valued at $2,203,000 after buying an additional 31 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Alphabet by 12.0% in the first quarter. Russell Investments Group Ltd. now owns 876,999 shares of the information services provider’s stock valued at $727,645,000 after buying an additional 94,111 shares during the last quarter. Greystone Investment Management LLC raised its stake in Alphabet by 33.8% in the first quarter. Greystone Investment Management LLC now owns 14,253 shares of the information services provider’s stock valued at $11,824,000 after buying an additional 3,599 shares during the last quarter. Finally, Gamble Jones Investment Counsel raised its stake in Alphabet by 2.6% in the first quarter. Gamble Jones Investment Counsel now owns 11,258 shares of the information services provider’s stock valued at $9,339,000 after buying an additional 284 shares during the last quarter. 34.60% of the stock is currently owned by institutional investors and hedge funds.

Shares of Alphabet Inc. (NASDAQ:GOOG) traded up 0.30% during trading on Friday, hitting $926.44. 728,022 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $943.17 and a 200-day moving average price of $884.16. Alphabet Inc. has a one year low of $727.54 and a one year high of $988.25. The stock has a market cap of $641.91 billion, a P/E ratio of 33.58 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, topping the consensus estimate of $4.43 by $0.58. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The firm had revenue of $26.01 billion during the quarter, compared to analysts’ expectations of $25.61 billion. During the same quarter in the prior year, the company earned $8.42 EPS. The company’s revenue was up 21.0% compared to the same quarter last year. Equities research analysts expect that Alphabet Inc. will post $30.59 EPS for the current fiscal year.

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Several analysts have issued reports on GOOG shares. Nomura restated a “buy” rating and set a $985.00 price target on shares of Alphabet in a research report on Monday, May 1st. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Alphabet in a research report on Wednesday, June 28th. Barclays PLC restated an “overweight” rating on shares of Alphabet in a research report on Monday, April 17th. Wedbush restated an “underperform” rating and set a $725.00 price target (up from $700.00) on shares of Alphabet in a research report on Saturday, April 29th. Finally, Cantor Fitzgerald restated a “buy” rating on shares of Alphabet in a research report on Friday, April 28th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $1,022.32.

In other Alphabet news, VP James Grier Campbell sold 183 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $968.95, for a total transaction of $177,317.85. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ann Mather sold 629 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $932.28, for a total transaction of $586,404.12. Following the transaction, the director now owns 1,781 shares in the company, valued at approximately $1,660,390.68. The disclosure for this sale can be found here. Insiders sold a total of 47,218 shares of company stock valued at $44,511,312 in the last ninety days. Corporate 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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