Liberty Capital Management Inc. decreased its position in Alphabet Inc. (NASDAQ:GOOG) by 4.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,140 shares of the information services provider’s stock after selling 102 shares during the period. Liberty Capital Management Inc.’s holdings in Alphabet were worth $1,990,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State Street Corp increased its stake in shares of Alphabet by 0.3% during the first quarter. State Street Corp now owns 12,067,675 shares of the information services provider’s stock worth $10,010,859,000 after purchasing an additional 36,864 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Alphabet by 4.3% during the first quarter. Legal & General Group Plc now owns 1,359,262 shares of the information services provider’s stock worth $1,127,590,000 after purchasing an additional 55,875 shares in the last quarter. Sanders Capital LLC increased its stake in shares of Alphabet by 37.1% during the first quarter. Sanders Capital LLC now owns 1,199,405 shares of the information services provider’s stock worth $1,019,026,000 after purchasing an additional 324,596 shares in the last quarter. Clearbridge Investments LLC increased its stake in shares of Alphabet by 6.8% during the first quarter. Clearbridge Investments LLC now owns 943,421 shares of the information services provider’s stock worth $782,624,000 after purchasing an additional 59,992 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Alphabet by 3.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 894,797 shares of the information services provider’s stock worth $742,288,000 after purchasing an additional 32,062 shares in the last quarter. 34.53% of the stock is owned by institutional investors.

Alphabet Inc. (NASDAQ:GOOG) traded up 0.811% during trading on Friday, reaching $977.825. 594,489 shares of the company’s stock traded hands. The company has a 50-day moving average of $930.85 and a 200 day moving average of $917.72. Alphabet Inc. has a 12 month low of $727.54 and a 12 month high of $988.25. The stock has a market capitalization of $677.51 billion, a P/E ratio of 35.437 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, beating 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 in the prior year, the firm earned $8.42 earnings per share. The business’s quarterly revenue was up 21.0% on a year-over-year basis. On average, equities research analysts expect that Alphabet Inc. will post $30.59 earnings per share for the current fiscal year.

A number of analysts have recently commented on GOOG shares. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Alphabet in a research note on Wednesday, July 5th. MKM Partners reaffirmed a “buy” rating and set a $1,170.00 price objective on shares of Alphabet in a research note on Wednesday, June 28th. Vetr raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $995.83 price objective for the company in a research note on Monday, June 26th. Moffett Nathanson reaffirmed a “buy” rating on shares of Alphabet in a research note on Friday, June 9th. Finally, Deutsche Bank AG reaffirmed a “buy” rating on shares of Alphabet in a research note on Monday, June 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-nine have issued a buy rating to the company. Alphabet currently has a consensus rating of “Buy” and an average price target of $1,034.31.

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In other news, CEO Sundar Pichai sold 4,000 shares of the company’s 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 in the company, valued at approximately $1,489,797.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director L John Doerr sold 13,556 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were 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 disclosure for this sale can be found here. Insiders have sold 42,694 shares of company stock valued at $39,941,804 over the last ninety days. Insiders own 13.92% of the company’s stock.

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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