Smith Salley & Associates grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,250 shares of the information services provider’s stock after purchasing an additional 67 shares during the period. Alphabet makes up about 1.5% of Smith Salley & Associates’ holdings, making the stock its 18th biggest position. Smith Salley & Associates’ holdings in Alphabet were worth $7,497,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Cambridge Advisors Inc. increased its position in Alphabet by 0.4% during the 1st quarter. Cambridge Advisors Inc. now owns 272 shares of the information services provider’s stock worth $226,000 after purchasing an additional 1 shares during the period. Howland Capital Management LLC increased its position in Alphabet by 0.3% during the 1st quarter. Howland Capital Management LLC now owns 637 shares of the information services provider’s stock worth $528,000 after purchasing an additional 2 shares during the period. Gradient Investments LLC increased its position in Alphabet by 0.6% during the 2nd quarter. Gradient Investments LLC now owns 506 shares of the information services provider’s stock worth $460,000 after purchasing an additional 3 shares during the period. Lederer & Associates Investment Counsel CA increased its position in Alphabet by 0.4% during the 1st quarter. Lederer & Associates Investment Counsel CA now owns 1,091 shares of the information services provider’s stock worth $905,000 after purchasing an additional 4 shares during the period. Finally, Hodges Capital Management Inc. increased its position in Alphabet by 1.4% during the 1st quarter. Hodges Capital Management Inc. now owns 298 shares of the information services provider’s stock worth $247,000 after purchasing an additional 4 shares during the period. Institutional investors own 34.52% of the company’s stock.

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In other Alphabet news, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $969.92, for a total transaction of $3,879,680.00. Following the completion of the transaction, the chief executive officer now owns 1,536 shares of the company’s stock, valued at approximately $1,489,797.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP James Grier Campbell sold 183 shares of the business’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $911.16, for a total transaction of $166,742.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,680 shares of company stock valued at $39,700,363. Company insiders own 13.92% of the company’s stock.

Several equities analysts have issued reports on the company. Royal Bank Of Canada reiterated an “outperform” rating and set a $1,050.00 target price on shares of Alphabet in a research report on Monday, September 11th. UBS AG reiterated a “buy” rating and set a $1,080.00 target price on shares of Alphabet in a research report on Monday, September 11th. Credit Suisse Group reiterated an “outperform” rating on shares of Alphabet in a research report on Thursday, August 31st. Vetr cut Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,033.60 target price on the stock. in a research report on Wednesday, August 30th. Finally, Monness Crespi & Hardt reiterated a “buy” rating on shares of Alphabet in a research report on Saturday, August 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and forty-one have assigned a buy rating to the company. Alphabet currently has an average rating of “Buy” and an average target price of $1,031.14.

Shares of Alphabet Inc. (GOOG) traded up 0.3819% during mid-day trading on Thursday, hitting $935.1379. The stock had a trading volume of 546,159 shares. The stock has a 50-day moving average price of $924.03 and a 200 day moving average price of $909.94. Alphabet Inc. has a 52 week low of $727.54 and a 52 week high of $988.25. The stock has a market cap of $647.94 billion, a P/E ratio of 33.8904 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last released its earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.43 by $0.58. The firm had revenue of $26.01 billion during the quarter, compared to analyst estimates of $25.61 billion. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The business’s revenue was up 21.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $8.42 EPS. On average, equities analysts forecast that Alphabet Inc. will post $30.59 EPS for the current fiscal year.

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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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