Wedbush Securities Inc. grew its position in Alphabet Inc (NASDAQ:GOOG) by 1.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,243 shares of the information services provider’s stock after purchasing an additional 48 shares during the period. Wedbush Securities Inc.’s holdings in Alphabet were worth $4,587,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GOOG. Oregon Public Employees Retirement Fund lifted its position in Alphabet by 102,010.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 56,224,303 shares of the information services provider’s stock worth $54,000 after acquiring an additional 56,169,241 shares in the last quarter. BlackRock Inc. lifted its position in Alphabet by 0.6% during the 4th quarter. BlackRock Inc. now owns 19,618,313 shares of the information services provider’s stock worth $20,316,919,000 after acquiring an additional 125,866 shares in the last quarter. Lunia Capital LP lifted its position in Alphabet by 135,522.5% during the 4th quarter. Lunia Capital LP now owns 16,870,086 shares of the information services provider’s stock worth $16,870,000 after acquiring an additional 16,857,647 shares in the last quarter. Jennison Associates LLC lifted its position in Alphabet by 4.3% during the 4th quarter. Jennison Associates LLC now owns 1,871,132 shares of the information services provider’s stock worth $1,937,763,000 after acquiring an additional 76,345 shares in the last quarter. Finally, Sanders Capital LLC lifted its position in Alphabet by 3.5% during the 2nd quarter. Sanders Capital LLC now owns 1,267,225 shares of the information services provider’s stock worth $1,495,736,000 after acquiring an additional 42,535 shares in the last quarter. 33.98% of the stock is currently owned by institutional investors and hedge funds.

In other news, major shareholder Capitalg Lp purchased 140,000 shares of the stock in a transaction dated Friday, June 14th. The stock was acquired at an average cost of $34.00 per share, for a total transaction of $4,760,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Amie Thuener O’toole sold 69 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $1,042.90, for a total value of $71,960.10. Following the completion of the sale, the chief accounting officer now owns 388 shares of the company’s stock, valued at $404,645.20. The disclosure for this sale can be found here. Insiders sold a total of 2,123 shares of company stock valued at $2,553,758 over the last quarter. Company insiders own 12.99% of the company’s stock.

Shares of NASDAQ GOOG traded down $7.71 during trading on Wednesday, reaching $1,167.00. The stock had a trading volume of 407,550 shares, compared to its average volume of 1,506,290. Alphabet Inc has a one year low of $970.11 and a one year high of $1,289.27. The company has a current ratio of 3.98, a quick ratio of 3.96 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $823.76 billion, a PE ratio of 24.56, a PEG ratio of 1.30 and a beta of 0.96. The stock has a 50 day simple moving average of $1,153.65.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, July 25th. The information services provider reported $14.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $11.49 by $2.72. Alphabet had a return on equity of 20.15% and a net margin of 23.43%. The business had revenue of $38.94 billion during the quarter, compared to the consensus estimate of $38.21 billion. During the same period in the previous year, the business earned $11.75 EPS. The business’s quarterly revenue was up 19.3% on a year-over-year basis. On average, sell-side analysts expect that Alphabet Inc will post 52.1 earnings per share for the current year.

Several research firms recently commented on GOOG. Wedbush boosted their price target on Alphabet from $1,350.00 to $1,500.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Bank of America restated a “buy” rating and set a $1,450.00 price objective (up from $1,350.00) on shares of Alphabet in a report on Friday, July 26th. JPMorgan Chase & Co. restated a “buy” rating on shares of Alphabet in a report on Friday, July 26th. Stifel Nicolaus downgraded Alphabet from a “buy” rating to a “hold” rating and set a $1,287.00 price objective on the stock. in a report on Tuesday, April 30th. Finally, Benchmark restated a “buy” rating and set a $1,360.00 price objective (up from $1,315.00) on shares of Alphabet in a report on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $1,373.93.

Alphabet Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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