Klingenstein Fields & Co. LLC reduced its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,583 shares of the information services provider’s stock after selling 194 shares during the period. Alphabet makes up 1.1% of Klingenstein Fields & Co. LLC’s holdings, making the stock its 29th largest position. Klingenstein Fields & Co. LLC’s holdings in Alphabet were worth $27,859,000 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 GOOG. Cambridge Advisors Inc. boosted its position in shares of Alphabet by 0.4% in the first quarter. Cambridge Advisors Inc. now owns 272 shares of the information services provider’s stock worth $226,000 after buying an additional 1 shares in the last quarter. Howland Capital Management LLC boosted its position in shares of Alphabet by 0.3% in the first quarter. Howland Capital Management LLC now owns 637 shares of the information services provider’s stock worth $528,000 after buying an additional 2 shares in the last quarter. Lederer & Associates Investment Counsel CA boosted its position in shares of Alphabet by 0.4% in the first quarter. Lederer & Associates Investment Counsel CA now owns 1,091 shares of the information services provider’s stock worth $905,000 after buying an additional 4 shares in the last quarter. CGOV Asset Management boosted its position in shares of Alphabet by 0.4% in the first quarter. CGOV Asset Management now owns 1,405 shares of the information services provider’s stock worth $1,553,000 after buying an additional 5 shares in the last quarter. Finally, Naples Global Advisors LLC boosted its position in shares of Alphabet by 0.7% in the first quarter. Naples Global Advisors LLC now owns 690 shares of the information services provider’s stock worth $572,000 after buying an additional 5 shares in the last quarter. Hedge funds and other institutional investors own 34.57% of the company’s stock.

Alphabet Inc. (NASDAQ GOOG) traded down 0.2779% during midday trading on Friday, reaching $918.7195. The company’s stock had a trading volume of 293,346 shares. The firm has a market cap of $636.56 billion, a price-to-earnings ratio of 33.2954 and a beta of 0.94. The company’s 50-day moving average is $934.27 and its 200 day moving average is $895.99. Alphabet Inc. has a 12-month low of $727.54 and a 12-month high of $988.25. Alphabet also was the recipient of some unusual options trading activity on Wednesday. Traders acquired 16,186 call options on the stock. This represents an increase of approximately 162% compared to the typical volume of 6,176 call options.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, beating the Thomson Reuters’ 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 the consensus estimate of $25.61 billion. During the same quarter last year, the firm earned $8.42 EPS. The firm’s revenue for the quarter was up 21.0% on a year-over-year basis. Equities analysts forecast that Alphabet Inc. will post $30.60 earnings per share for the current year.

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A number of research analysts have recently commented on GOOG shares. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Alphabet in a research report on Tuesday, July 25th. Nomura reaffirmed 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) reaffirmed a “buy” rating on shares of Alphabet in a research report on Wednesday, June 28th. Wedbush reaffirmed an “underperform” rating and set a $725.00 price target (up previously from $700.00) on shares of Alphabet in a research report on Saturday, April 29th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and forty-one have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $1,030.47.

In related news, Director Shirley M. Tilghman sold 525 shares of Alphabet stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $938.09, for a total value of $492,497.25. Following the completion of the sale, the director now owns 5,517 shares in the company, valued at approximately $5,175,442.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $926.79, for a total transaction of $3,707,160.00. Following the completion of the sale, the chief executive officer now owns 1,389 shares of the company’s stock, valued at approximately $1,287,311.31. The disclosure for this sale can be found here. Insiders sold a total of 47,169 shares of company stock valued at $44,206,482 in the last quarter. 13.92% of the stock is owned by insiders.

About Alphabet

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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