Chevy Chase Trust Holdings Inc. raised its position in Alphabet Inc. (NASDAQ:GOOG) by 0.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 303,929 shares of the information services provider’s stock after buying an additional 391 shares during the period. Alphabet accounts for 1.3% of Chevy Chase Trust Holdings Inc.’s investment portfolio, making the stock its 10th biggest holding. Chevy Chase Trust Holdings Inc.’s holdings in Alphabet were worth $276,189,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of GOOG. Cambridge Advisors Inc. lifted its position in shares of 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 buying an additional 1 shares in the last quarter. Lederer & Associates Investment Counsel CA boosted its stake in shares of Alphabet by 0.4% in the 1st quarter. Lederer & Associates Investment Counsel CA now owns 1,091 shares of the information services provider’s stock worth $905,000 after buying an additional 4 shares during the last quarter. Hodges Capital Management Inc. grew its holdings in shares of Alphabet by 1.4% in the first quarter. Hodges Capital Management Inc. now owns 298 shares of the information services provider’s stock valued at $247,000 after acquiring an additional 4 shares in the last quarter. CGOV Asset Management grew its holdings in shares of Alphabet by 0.4% in the first quarter. CGOV Asset Management now owns 1,405 shares of the information services provider’s stock valued at $1,553,000 after acquiring an additional 5 shares in the last quarter. Finally, Naples Global Advisors LLC grew its holdings in shares of Alphabet by 0.7% in the first quarter. Naples Global Advisors LLC now owns 690 shares of the information services provider’s stock valued at $572,000 after acquiring an additional 5 shares in the last quarter. Hedge funds and other institutional investors own 34.53% of the company’s stock.

Alphabet Inc. (GOOG) traded down 0.34% on Wednesday, hitting $954.56. The stock had a trading volume of 446,615 shares. Alphabet Inc. has a 52-week low of $727.54 and a 52-week high of $988.25. The firm has a market cap of $661.39 billion, a price-to-earnings ratio of 34.59 and a beta of 0.94. The company’s 50 day moving average price is $928.78 and its 200 day moving average price is $917.09.

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

A number of analysts recently commented on the company. Vetr downgraded Alphabet from a “buy” rating to a “hold” rating and set a $988.73 price target for the company. in a research report on Monday. Piper Jaffray Companies reiterated an “overweight” rating and set a $1,050.00 price target on shares of Alphabet in a report on Wednesday, August 9th. Moffett Nathanson reissued a “buy” rating on shares of Alphabet in a research report on Friday, June 9th. Bank of America Corporation reissued a “buy” rating and issued a $1,100.00 price objective on shares of Alphabet in a research report on Tuesday, September 26th. Finally, BidaskClub downgraded Alphabet from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-nine have given a buy rating to the company’s stock. Alphabet has an average rating of “Buy” and an average price target of $1,034.31.

In related news, Director Ann Mather sold 37 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $940.67, for a total transaction of $34,804.79. Following the transaction, the director now directly owns 1,789 shares in the company, valued at approximately $1,682,858.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP James Grier Campbell sold 183 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $959.26, for a total transaction of $175,544.58. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,694 shares of company stock worth $36,108,204. Company insiders own 13.92% of the company’s stock.

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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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