Sii Investments Inc. WI lifted its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 14.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,413 shares of the information services provider’s stock after purchasing an additional 176 shares during the period. Sii Investments Inc. WI’s holdings in Alphabet were worth $1,178,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in GOOG. Stock Yards Bank & Trust Co. grew its holdings in shares of Alphabet by 2.4% during the 1st quarter. Stock Yards Bank & Trust Co. now owns 1,990 shares of the information services provider’s stock valued at $1,651,000 after purchasing an additional 46 shares during the last quarter. Forte Capital LLC ADV grew its holdings in shares of Alphabet by 0.8% during the 1st quarter. Forte Capital LLC ADV now owns 1,797 shares of the information services provider’s stock valued at $1,491,000 after purchasing an additional 15 shares during the last quarter. Sheets Smith Wealth Management grew its holdings in shares of Alphabet by 0.9% during the 1st quarter. Sheets Smith Wealth Management now owns 4,612 shares of the information services provider’s stock valued at $3,826,000 after purchasing an additional 42 shares during the last quarter. Gulf International Bank UK Ltd grew its holdings in shares of Alphabet by 2.3% during the 1st quarter. Gulf International Bank UK Ltd now owns 97,005 shares of the information services provider’s stock valued at $80,471,000 after purchasing an additional 2,145 shares during the last quarter. Finally, Union Bankshares Corp grew its holdings in shares of Alphabet by 2.1% during the 1st quarter. Union Bankshares Corp now owns 626 shares of the information services provider’s stock valued at $519,000 after purchasing an additional 13 shares during the last quarter. 34.55% of the stock is currently owned by institutional investors.

Several research firms recently commented on GOOG. Canaccord Genuity lowered shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,000.00 target price on the stock. in a report on Thursday, June 15th. They noted that the move was a valuation call. Pivotal Research reaffirmed a “hold” rating and set a $980.00 target price (down previously from $990.00) on shares of Alphabet in a report on Monday, July 17th. BidaskClub raised shares of Alphabet from a “hold” rating to a “buy” rating in a report on Friday, August 25th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and set a $1,200.00 target price on shares of Alphabet in a report on Wednesday, June 28th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Alphabet in a report on Tuesday, July 25th. One investment 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. Alphabet has an average rating of “Buy” and a consensus price target of $1,030.53.

In other Alphabet news, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $931.44, for a total transaction of $3,725,760.00. Following the completion of the transaction, the chief executive officer now directly owns 1,618 shares of the company’s stock, valued at approximately $1,507,069.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP James Grier Campbell sold 183 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $933.08, for a total transaction of $170,753.64. The disclosure for this sale can be found here. Insiders have sold a total of 47,184 shares of company stock valued at $44,013,282 over the last three months. 13.92% of the stock is currently owned by insiders.

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Shares of Alphabet Inc. (NASDAQ:GOOG) traded down 1.01% during mid-day trading on Friday, reaching $926.50. 1,011,538 shares of the company traded hands. 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 $929.16 and a 200 day moving average price of $904.03. The firm has a market capitalization of $641.95 billion, a price-to-earnings ratio of 33.58 and a beta of 0.94.

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

Alphabet 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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