First Manhattan Co. increased its position in Alphabet Inc. (NASDAQ:GOOG) by 1.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 111,175 shares of the information services provider’s stock after purchasing an additional 2,020 shares during the period. Alphabet comprises about 0.9% of First Manhattan Co.’s investment portfolio, making the stock its 25th biggest holding. First Manhattan Co.’s holdings in Alphabet were worth $101,028,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Gradient Investments LLC boosted its stake in shares of Alphabet by 0.6% during the 2nd quarter. Gradient Investments LLC now owns 506 shares of the information services provider’s stock valued at $460,000 after buying an additional 3 shares during the period. Saratoga Research & Investment Management boosted its stake in shares of Alphabet by 1.2% during the 2nd quarter. Saratoga Research & Investment Management now owns 257 shares of the information services provider’s stock valued at $234,000 after buying an additional 3 shares during the period. Edge Wealth Management LLC boosted its stake in shares of Alphabet by 0.9% during the 2nd quarter. Edge Wealth Management LLC now owns 340 shares of the information services provider’s stock valued at $309,000 after buying an additional 3 shares during the period. Hodges Capital Management Inc. boosted its stake in shares of Alphabet by 1.4% during the 1st quarter. Hodges Capital Management Inc. now owns 298 shares of the information services provider’s stock valued at $247,000 after buying an additional 4 shares during the period. Finally, Terra Nova Asset Management LLC boosted its stake in shares of Alphabet by 0.6% during the 2nd quarter. Terra Nova Asset Management LLC now owns 642 shares of the information services provider’s stock valued at $583,000 after buying an additional 4 shares during the period. 34.52% of the stock is owned by hedge funds and other institutional investors.

In other Alphabet news, Director Ann Mather sold 38 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $959.26, for a total value of $36,451.88. Following the transaction, the director now directly owns 1,797 shares of the company’s stock, valued at approximately $1,723,790.22. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $993.58, for a total transaction of $3,974,320.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,694 shares of company stock worth $38,136,904. 13.92% of the stock is owned by insiders.

A number of equities research analysts have issued reports on GOOG shares. MKM Partners reissued a “buy” rating and set a $1,170.00 target price on shares of Alphabet in a research note on Wednesday, June 28th. Cowen and Company reissued an “outperform” rating and set a $1,075.00 target price on shares of Alphabet in a research note on Thursday, August 10th. Needham & Company LLC reissued a “buy” rating and set a $1,050.00 target price on shares of Alphabet in a research note on Monday, July 17th. Robert W. Baird reissued an “outperform” rating on shares of Alphabet in a research note on Monday, July 3rd. Finally, J P Morgan Chase & Co reissued a “buy” rating on shares of Alphabet in a research note on Tuesday, July 25th. One equities 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 stock. Alphabet has an average rating of “Buy” and a consensus price target of $1,034.07.

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Shares of Alphabet Inc. (NASDAQ GOOG) opened at 992.81 on Thursday. The company has a market cap of $687.90 billion, a PE ratio of 35.98 and a beta of 0.94. Alphabet Inc. has a 1-year low of $727.54 and a 1-year high of $997.21. The company has a 50-day moving average of $948.57 and a 200-day moving average of $928.63.

Alphabet (NASDAQ:GOOG) last released 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 net margin of 19.49% and a return on equity of 13.66%. The business had revenue of $26.01 billion for the quarter, compared to analyst estimates of $25.61 billion. During the same period last year, the firm earned $8.42 earnings per share. Alphabet’s revenue for the quarter was up 21.0% compared to the same quarter last year. Equities analysts forecast that Alphabet Inc. will post $30.62 EPS for the current 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:GOOG)

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