Numeric Investors LLC grew its stake in Alphabet Inc (NASDAQ:GOOG) by 80.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 196,195 shares of the information services provider’s stock after purchasing an additional 87,700 shares during the quarter. Alphabet comprises about 1.6% of Numeric Investors LLC’s holdings, making the stock its 6th biggest holding. Numeric Investors LLC’s holdings in Alphabet were worth $178,288,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of GOOG. Capital Investment Advisory Services LLC grew its position in shares of Alphabet by 0.4% in the 2nd quarter. Capital Investment Advisory Services LLC now owns 253 shares of the information services provider’s stock worth $230,000 after buying an additional 1 shares during the period. Capital Advantage Inc. grew its position in shares of Alphabet by 0.4% in the 2nd quarter. Capital Advantage Inc. now owns 273 shares of the information services provider’s stock worth $248,000 after buying an additional 1 shares during the period. Foster & Motley Inc. grew its position in shares of Alphabet by 0.8% in the 2nd quarter. Foster & Motley Inc. now owns 265 shares of the information services provider’s stock worth $241,000 after buying an additional 2 shares during the period. Gradient Investments LLC grew its position in shares of Alphabet by 0.6% in the 2nd quarter. Gradient Investments LLC now owns 506 shares of the information services provider’s stock worth $460,000 after buying an additional 3 shares during the period. Finally, Saratoga Research & Investment Management grew its position in shares of Alphabet by 1.2% in the 2nd quarter. Saratoga Research & Investment Management now owns 257 shares of the information services provider’s stock worth $234,000 after buying an additional 3 shares during the period. Institutional investors and hedge funds own 34.74% of the company’s stock.

In other news, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $958.40, for a total value of $3,833,600.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ann Mather sold 38 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $959.26, for a total transaction of $36,451.88. Following the completion of the transaction, the director now owns 1,797 shares in the company, valued at approximately $1,723,790.22. The disclosure for this sale can be found here. Insiders sold a total of 38,396 shares of company stock worth $38,242,981 in the last quarter. Company insiders own 13.92% of the company’s stock.

GOOG has been the topic of a number of recent research reports. Vetr downgraded shares of 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. UBS reaffirmed a “buy” rating and issued a $1,080.00 target price on shares of Alphabet in a research report on Monday, September 11th. BidaskClub raised shares of Alphabet from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Monness Crespi & Hardt reaffirmed a “buy” rating on shares of Alphabet in a research report on Saturday, August 26th. Finally, SunTrust Banks initiated coverage on shares of Alphabet in a research report on Wednesday, August 16th. They issued a “buy” rating and a $1,100.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-eight have issued a buy rating to the stock. Alphabet currently has a consensus rating of “Buy” and an average target price of $1,047.45.

Alphabet Inc (NASDAQ:GOOG) opened at $1,037.05 on Friday. Alphabet Inc has a one year low of $770.41 and a one year high of $1,062.38. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. The firm has a market cap of $707,571.50, a P/E ratio of 34.09 and a beta of 0.93.

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

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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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