Trust Investment Advisors held its stake in shares of Alphabet Inc. (NASDAQ:GOOG) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,061 shares of the information services provider’s stock at the end of the first quarter. Trust Investment Advisors’ holdings in Alphabet were worth $880,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the stock. Adviser Investments LLC bought a new stake in shares of Alphabet during the first quarter valued at approximately $1,276,000. Farmers & Merchants Investments Inc. increased its stake in Alphabet by 0.3% in the first quarter. Farmers & Merchants Investments Inc. now owns 5,464 shares of the information services provider’s stock worth $4,533,000 after buying an additional 18 shares during the period. Hartford Investment Management Co. increased its stake in Alphabet by 6.1% in the first quarter. Hartford Investment Management Co. now owns 79,529 shares of the information services provider’s stock worth $65,974,000 after buying an additional 4,602 shares during the period. Financial Consulate Inc. acquired a new stake in Alphabet during the first quarter worth about $215,000. Finally, Reynders McVeigh Capital Management LLC increased its stake in Alphabet by 7.1% in the first quarter. Reynders McVeigh Capital Management LLC now owns 10,566 shares of the information services provider’s stock worth $8,765,000 after buying an additional 700 shares during the period. Institutional investors and hedge funds own 34.54% of the company’s stock.

Shares of Alphabet Inc. (NASDAQ GOOG) traded down 0.118% during trading on Tuesday, hitting $912.732. The stock had a trading volume of 207,599 shares. Alphabet Inc. has a 52 week low of $727.54 and a 52 week high of $988.25. The firm has a 50 day moving average price of $934.52 and a 200-day moving average price of $896.81. The stock has a market capitalization of $632.41 billion, a price-to-earnings ratio of 33.078 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.43 by $0.58. The company had revenue of $26.01 billion during the quarter, compared to analyst estimates of $25.61 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The firm’s quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter last year, the business posted $8.42 EPS. On average, equities research analysts forecast that Alphabet Inc. will post $30.59 EPS for the current fiscal year.

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Several equities analysts recently weighed in on the stock. MKM Partners reissued a “buy” rating and issued a $1,170.00 target price on shares of Alphabet in a research note on Wednesday, June 28th. Morgan Stanley reissued a “buy” rating on shares of Alphabet in a research note on Monday, May 29th. Nomura reissued a “buy” rating and issued a $985.00 target price on shares of Alphabet in a research note on Monday, May 1st. Cowen and Company reissued an “outperform” rating and issued a $1,075.00 target price on shares of Alphabet in a research note on Thursday, August 10th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $1,050.00 target price on shares of Alphabet in a research note on Monday, July 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $1,030.47.

In related news, Director L John Doerr sold 13,556 shares of Alphabet stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $922.15, for a total value of $12,500,665.40. Following the completion of the transaction, the director now owns 3,485 shares in the company, valued at approximately $3,213,692.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $903.86, for a total value of $3,615,440.00. Following the completion of the transaction, the chief executive officer now owns 1,911 shares of the company’s stock, valued at approximately $1,727,276.46. 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 90 days. 13.92% of the stock is currently owned by company insiders.

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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