Moloney Securities Asset Management LLC lowered its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 929 shares of the information services provider’s stock after selling 8 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Alphabet were worth $844,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. State Street Corp raised its stake in Alphabet by 0.3% during the 1st quarter. State Street Corp now owns 12,067,675 shares of the information services provider’s stock valued at $10,010,859,000 after acquiring an additional 36,864 shares in the last quarter. Legal & General Group Plc raised its stake in Alphabet by 4.3% during the 1st quarter. Legal & General Group Plc now owns 1,359,262 shares of the information services provider’s stock valued at $1,127,590,000 after acquiring an additional 55,875 shares in the last quarter. Sanders Capital LLC raised its stake in Alphabet by 37.1% during the 1st quarter. Sanders Capital LLC now owns 1,199,405 shares of the information services provider’s stock valued at $1,019,026,000 after acquiring an additional 324,596 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Alphabet by 8.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 952,586 shares of the information services provider’s stock valued at $865,829,000 after acquiring an additional 75,587 shares in the last quarter. Finally, Clearbridge Investments LLC raised its stake in Alphabet by 6.8% during the 1st quarter. Clearbridge Investments LLC now owns 943,421 shares of the information services provider’s stock valued at $782,624,000 after acquiring an additional 59,992 shares in the last quarter. Institutional investors and hedge funds own 34.55% of the company’s stock.

Alphabet Inc. (GOOG) traded down 0.52% during trading on Friday, hitting $920.29. The company had a trading volume of 2,505,430 shares. The stock has a market capitalization of $320.01 billion, a PE ratio of 43.10 and a beta of 0.94. Alphabet Inc. has a one year low of $727.54 and a one year high of $988.25. The stock has a 50-day moving average of $925.04 and a 200-day moving average of $907.53.

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

In related news, SVP David C. Drummond sold 1,496 shares of Alphabet stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $939.76, for a total transaction of $1,405,880.96. Following the completion of the transaction, the senior vice president now owns 52 shares in the company, valued at $48,867.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $969.92, for a total value of $3,879,680.00. Following the transaction, the chief executive officer now owns 1,536 shares of the company’s stock, valued at approximately $1,489,797.12. The disclosure for this sale can be found here. Insiders have sold 46,680 shares of company stock valued at $43,521,363 in the last quarter. 13.92% of the stock is currently owned by corporate insiders.

COPYRIGHT VIOLATION WARNING: This article was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this article on another domain, it was stolen and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be accessed at https://www.thecerbatgem.com/2017/09/17/moloney-securities-asset-management-llc-has-844000-position-in-alphabet-inc-goog.html.

Several analysts have weighed in on GOOG shares. Moffett Nathanson reaffirmed a “buy” rating on shares of Alphabet in a research note on Friday, June 9th. Instinet reaffirmed a “buy” rating on shares of Alphabet in a research note on Friday, June 2nd. Morgan Stanley reaffirmed a “buy” rating on shares of Alphabet in a research note on Monday, May 29th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Alphabet in a research note on Monday, May 29th. Finally, Deutsche Bank AG reaffirmed a “buy” rating on shares of Alphabet in a research note on Monday, May 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and forty-one have assigned a buy rating to the stock. Alphabet has a consensus rating of “Buy” and an average price target of $1,031.14.

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)

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.