Mn Services Vermogensbeheer B.V. lifted its stake in Alphabet Inc. (NASDAQ:GOOG) by 515.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 51,026 shares of the information services provider’s stock after acquiring an additional 42,729 shares during the quarter. Alphabet accounts for 1.3% of Mn Services Vermogensbeheer B.V.’s investment portfolio, making the stock its 8th largest position. Mn Services Vermogensbeheer B.V.’s holdings in Alphabet were worth $46,369,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Cambridge Advisors Inc. lifted its holdings in shares of Alphabet by 0.4% in the 1st quarter. Cambridge Advisors Inc. now owns 272 shares of the information services provider’s stock worth $226,000 after acquiring an additional 1 shares during the last quarter. Lederer & Associates Investment Counsel CA lifted its holdings in Alphabet by 0.4% during the 1st quarter. Lederer & Associates Investment Counsel CA now owns 1,091 shares of the information services provider’s stock worth $905,000 after buying an additional 4 shares in the last quarter. Hodges Capital Management Inc. lifted its holdings in Alphabet by 1.4% during the 1st quarter. Hodges Capital Management Inc. now owns 298 shares of the information services provider’s stock worth $247,000 after buying an additional 4 shares in the last quarter. CGOV Asset Management lifted its holdings in Alphabet by 0.4% during the 1st quarter. CGOV Asset Management now owns 1,405 shares of the information services provider’s stock worth $1,553,000 after buying an additional 5 shares in the last quarter. Finally, Naples Global Advisors LLC lifted its holdings in Alphabet by 0.7% during the 1st quarter. Naples Global Advisors LLC now owns 690 shares of the information services provider’s stock worth $572,000 after buying an additional 5 shares in the last quarter. Hedge funds and other institutional investors own 34.53% of the company’s stock.

In other Alphabet news, VP James Grier Campbell sold 184 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $932.38, for a total transaction of $171,557.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ann Mather sold 629 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $932.28, for a total transaction of $586,404.12. Following the sale, the director now directly owns 1,781 shares of the company’s stock, valued at $1,660,390.68. The disclosure for this sale can be found here. Insiders sold a total of 42,694 shares of company stock valued at $39,941,804 over the last three months. 13.92% of the stock is owned by corporate insiders.

A number of equities research analysts have issued reports on the stock. Macquarie reiterated an “outperform” rating and set a $995.00 target price on shares of Alphabet in a report on Friday. Vetr lowered shares of Alphabet from a “buy” rating to a “hold” rating and set a $988.73 target price on the stock. in a report on Monday. Wells Fargo & Company reiterated a “buy” rating on shares of Alphabet in a report on Friday. Piper Jaffray Companies reiterated an “overweight” rating and set a $1,050.00 target price on shares of Alphabet in a report on Wednesday, August 9th. Finally, Moffett Nathanson reiterated a “buy” rating on shares of Alphabet in a report on Friday, June 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-nine have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $1,034.31.

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Shares of Alphabet Inc. (NASDAQ GOOG) traded up 0.82% during mid-day trading on Friday, hitting $977.88. 594,598 shares of the company traded hands. The firm has a 50-day moving average price of $930.85 and a 200 day moving average price of $917.72. The firm has a market cap of $677.55 billion, a price-to-earnings ratio of 35.44 and a beta of 0.94. Alphabet Inc. has a 52-week low of $727.54 and a 52-week high of $988.25.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 the consensus estimate of $25.61 billion. During the same period in the prior year, the company earned $8.42 EPS. Alphabet’s revenue was up 21.0% on a year-over-year basis. Equities research analysts anticipate that Alphabet Inc. will post $30.59 EPS for the current fiscal year.

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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