CMH Wealth Management LLC decreased its position in Alphabet Inc. (NASDAQ:GOOGL) by 1.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,718 shares of the information services provider’s stock after selling 73 shares during the period. Alphabet comprises about 2.8% of CMH Wealth Management LLC’s investment portfolio, making the stock its 12th biggest holding. CMH Wealth Management LLC’s holdings in Alphabet were worth $3,450,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Alta Capital Management LLC boosted its stake in Alphabet by 1.3% in the 1st quarter. Alta Capital Management LLC now owns 79,008 shares of the information services provider’s stock worth $66,982,000 after purchasing an additional 1,001 shares during the period. Patriot Wealth Management Inc. boosted its stake in Alphabet by 2.6% in the 1st quarter. Patriot Wealth Management Inc. now owns 5,599 shares of the information services provider’s stock worth $4,747,000 after purchasing an additional 141 shares during the period. Girard Partners LTD. boosted its stake in Alphabet by 10.7% in the 1st quarter. Girard Partners LTD. now owns 4,528 shares of the information services provider’s stock worth $3,839,000 after purchasing an additional 439 shares during the period. Courier Capital LLC boosted its stake in Alphabet by 7.9% in the 1st quarter. Courier Capital LLC now owns 617 shares of the information services provider’s stock worth $523,000 after purchasing an additional 45 shares during the period. Finally, Carlton Hofferkamp & Jenks Wealth Management LLC boosted its stake in Alphabet by 11.0% in the 1st quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 1,736 shares of the information services provider’s stock worth $1,471,000 after purchasing an additional 172 shares during the period. 33.85% of the stock is owned by hedge funds and other institutional investors.

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A number of equities research analysts have issued reports on the stock. B. Riley reiterated a “buy” rating and issued a $1,050.00 target price on shares of Alphabet in a research report on Sunday, July 30th. Citigroup Inc. reiterated a “buy” rating and issued a $1,180.00 target price on shares of Alphabet in a research report on Wednesday. Cowen and Company reiterated an “outperform” rating and issued a $1,075.00 target price on shares of Alphabet in a research report on Thursday, August 10th. Vetr upgraded shares of Alphabet from a “buy” rating to a “strong-buy” rating and set a $1,046.78 target price for the company in a research report on Monday. Finally, SunTrust Banks, Inc. assumed coverage on shares of Alphabet in a research report on Tuesday, August 15th. They issued a “buy” rating and a $1,100.00 target price for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, forty-one have assigned a buy rating and two have given a strong buy rating to the company’s stock. Alphabet presently has an average rating of “Buy” and a consensus target price of $1,054.01.

Shares of Alphabet Inc. (NASDAQ GOOGL) traded up 0.438% during trading on Thursday, hitting $951.692. 689,051 shares of the company’s stock were exchanged. The stock has a market cap of $659.41 billion, a PE ratio of 34.490 and a beta of 0.98. The stock’s 50-day moving average price is $939.49 and its 200-day moving average price is $928.76. Alphabet Inc. has a 1-year low of $743.59 and a 1-year high of $1,008.61. Alphabet also was the recipient of unusually large options trading activity on Monday. Investors purchased 14,838 put options on the company. This represents an increase of 111% compared to the typical daily volume of 7,040 put options.

Alphabet (NASDAQ:GOOGL) last announced its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.25 by ($3.24). The firm had revenue of $20.92 billion for the quarter, compared to analyst estimates of $20.83 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. During the same quarter in the previous year, the company earned $8.42 earnings per share. On average, equities analysts expect that Alphabet Inc. will post $30.59 earnings per share for the current fiscal year.

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:GOOGL)

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