Usca Ria LLC raised its holdings in Alphabet Inc. (NASDAQ:GOOG) by 8.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,763 shares of the information services provider’s stock after buying an additional 602 shares during the quarter. Alphabet accounts for approximately 0.9% of Usca Ria LLC’s holdings, making the stock its 19th biggest holding. Usca Ria LLC’s holdings in Alphabet were worth $7,055,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Burt Wealth Advisors lifted its position in Alphabet by 17.2% during the 2nd quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock valued at $123,000 after purchasing an additional 20 shares during the period. Riggs Asset Managment Co. Inc. lifted its position in Alphabet by 39.6% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 141 shares of the information services provider’s stock valued at $128,000 after purchasing an additional 40 shares during the period. Farmers National Bank lifted its position in Alphabet by 15.0% during the 1st quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock valued at $134,000 after purchasing an additional 21 shares during the period. St. Johns Investment Management Company LLC lifted its position in Alphabet by 1,046.7% during the 2nd quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock valued at $156,000 after purchasing an additional 157 shares during the period. Finally, Catamount Wealth Management lifted its position in Alphabet by 5.8% during the 2nd quarter. Catamount Wealth Management now owns 182 shares of the information services provider’s stock valued at $165,000 after purchasing an additional 10 shares during the period. 34.43% of the stock is currently owned by hedge funds and other institutional investors.

In other Alphabet news, VP James Grier Campbell sold 183 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $933.08, for a total transaction of $170,753.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $931.44, for a total value of $3,725,760.00. Following the transaction, the chief executive officer now owns 1,618 shares in the company, valued at approximately $1,507,069.92. The disclosure for this sale can be found here. Insiders have sold a total of 38,394 shares of company stock worth $37,937,930 in the last quarter. Company insiders own 13.92% of the company’s stock.

A number of research analysts have issued reports on the stock. Vetr downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,067.64 target price on the stock. in a research report on Monday. Piper Jaffray Companies restated an “overweight” rating and set a $1,050.00 target price on shares of Alphabet in a research report on Wednesday, August 9th. BidaskClub downgraded shares of Alphabet from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. MKM Partners restated a “buy” rating and set a $1,210.00 target price (up from $1,170.00) on shares of Alphabet in a research report on Thursday, August 10th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-eight have issued a buy rating to the company’s stock. Alphabet has an average rating of “Buy” and a consensus target price of $1,047.52.

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Shares of Alphabet Inc. (NASDAQ GOOG) opened at $1,035.96 on Friday. Alphabet Inc. has a twelve month low of $737.02 and a twelve month high of $1,048.39. The stock has a market capitalization of $719,786.06, a price-to-earnings ratio of 34.68 and a beta of 0.95. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03.

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

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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