Marshall Wace LLP purchased a new stake in shares of Alphabet Inc. (NASDAQ:GOOG) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,977 shares of the information services provider’s stock, valued at approximately $3,615,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. DUPONT CAPITAL MANAGEMENT Corp raised its holdings in Alphabet by 1.9% during the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 61,586 shares of the information services provider’s stock worth $51,089,000 after purchasing an additional 1,125 shares in the last quarter. Wetherby Asset Management Inc. raised its holdings in Alphabet by 2.1% during the first quarter. Wetherby Asset Management Inc. now owns 3,311 shares of the information services provider’s stock worth $2,747,000 after purchasing an additional 68 shares in the last quarter. Perennial Advisors LLC raised its holdings in Alphabet by 1.9% during the first quarter. Perennial Advisors LLC now owns 2,972 shares of the information services provider’s stock worth $2,465,000 after purchasing an additional 54 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its holdings in Alphabet by 6.3% during the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 98,513 shares of the information services provider’s stock worth $81,722,000 after purchasing an additional 5,865 shares in the last quarter. Finally, Saratoga Research & Investment Management bought a new stake in Alphabet during the first quarter worth approximately $211,000. 34.28% of the stock is currently owned by institutional investors.

In related news, VP James Grier Campbell sold 183 shares of the company’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $933.08, for a total value of $170,753.64. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $924.36, for a total transaction of $3,697,440.00. Following the completion of the sale, the chief executive officer now directly owns 1,324 shares in the company, valued at approximately $1,223,852.64. The disclosure for this sale can be found here. In the last three months, insiders sold 22,158 shares of company stock worth $21,355,239. 13.92% of the stock is currently owned by insiders.

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Several brokerages recently commented on GOOG. J P Morgan Chase & Co reissued a “buy” rating on shares of Alphabet in a report on Tuesday, July 25th. Canaccord Genuity reissued a “hold” rating and set a $1,000.00 target price on shares of Alphabet in a report on Thursday, July 27th. SunTrust Banks, Inc. began coverage on Alphabet in a report on Wednesday, August 16th. They set a “buy” rating and a $1,100.00 target price on the stock. UBS AG reissued a “buy” rating and set a $1,080.00 target price on shares of Alphabet in a report on Tuesday, July 25th. Finally, MKM Partners reissued a “buy” rating and set a $1,210.00 target price (up previously from $1,170.00) on shares of Alphabet in a report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirty-nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $1,047.52.

Alphabet Inc. (GOOG) opened at $1,026.00 on Wednesday. Alphabet Inc. has a twelve month low of $737.02 and a twelve month high of $1,048.39. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03. The stock has a market cap of $712,692.13, a PE ratio of 34.34 and a beta of 0.95.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $8.31 by $1.26. The business had revenue of $27.77 billion for the quarter, compared to analysts’ expectations of $27.17 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The firm’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $9.06 earnings per share.

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)

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