Kelly Lawrence W & Associates Inc. CA lowered its position in Alphabet Inc (NASDAQ:GOOG) by 0.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,739 shares of the information services provider’s stock after selling 40 shares during the period. Kelly Lawrence W & Associates Inc. CA’s holdings in Alphabet were worth $6,204,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of GOOG. HMS Capital Management LLC acquired a new position in shares of Alphabet in the 2nd quarter valued at $38,000. Truehand Inc acquired a new position in shares of Alphabet in the 4th quarter valued at $38,000. Thor Advisors LLC acquired a new position in shares of Alphabet in the 1st quarter valued at $56,000. Permanens Capital L.P. lifted its stake in shares of Alphabet by 180.0% in the 2nd quarter. Permanens Capital L.P. now owns 70 shares of the information services provider’s stock valued at $76,000 after purchasing an additional 45 shares during the period. Finally, Camarda Financial Advisors LLC lifted its stake in shares of Alphabet by 35.1% in the 2nd quarter. Camarda Financial Advisors LLC now owns 77 shares of the information services provider’s stock valued at $83,000 after purchasing an additional 20 shares during the period. 33.79% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently issued reports on GOOG. UBS Group reiterated a “buy” rating on shares of Alphabet in a research note on Friday, July 26th. Wedbush boosted their target price on shares of Alphabet from $1,350.00 to $1,500.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Benchmark reiterated a “buy” rating and issued a $1,360.00 target price (up from $1,315.00) on shares of Alphabet in a research note on Friday, July 26th. BidaskClub cut shares of Alphabet from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Finally, Pivotal Research initiated coverage on shares of Alphabet in a research report on Wednesday, May 29th. They set a “hold” rating for the company. Four analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. Alphabet has an average rating of “Buy” and an average price target of $1,378.93.

In related news, Director Ann Mather sold 39 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $1,100.00, for a total value of $42,900.00. Following the sale, the director now owns 1,797 shares of the company’s stock, valued at $1,976,700. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 54 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $1,191.53, for a total transaction of $64,342.62. Following the completion of the sale, the chief accounting officer now directly owns 388 shares in the company, valued at approximately $462,313.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,744 shares of company stock valued at $4,480,345. 12.99% of the stock is currently owned by insiders.

GOOG stock traded down $1.17 during mid-day trading on Wednesday, hitting $1,227.98. 24,243 shares of the company were exchanged, compared to its average volume of 1,147,326. The company has a quick ratio of 3.96, a current ratio of 3.98 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $859.51 billion, a P/E ratio of 25.83, a PEG ratio of 1.45 and a beta of 0.98. The business has a fifty day simple moving average of $1,192.89 and a 200-day simple moving average of $1,166.32. Alphabet Inc has a 12-month low of $970.11 and a 12-month high of $1,289.27.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, July 25th. The information services provider reported $14.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $11.49 by $2.72. The company had revenue of $38.94 billion during the quarter, compared to analyst estimates of $38.21 billion. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. Alphabet’s revenue was up 19.3% compared to the same quarter last year. During the same quarter last year, the firm posted $11.75 earnings per share. Research analysts predict that Alphabet Inc will post 51.48 EPS for the current year.

Alphabet Company 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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