ClariVest Asset Management LLC decreased its position in shares of Alphabet Inc (NASDAQ:GOOG) by 3.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,912 shares of the information services provider’s stock after selling 3,083 shares during the quarter. Alphabet accounts for approximately 2.0% of ClariVest Asset Management LLC’s investment portfolio, making the stock its 6th largest holding. ClariVest Asset Management LLC’s holdings in Alphabet were worth $86,250,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Riggs Asset Managment Co. Inc. lifted its holdings in Alphabet by 39.6% in the second quarter. Riggs Asset Managment Co. Inc. now owns 141 shares of the information services provider’s stock valued at $128,000 after acquiring an additional 40 shares during the period. Farmers National Bank lifted its holdings in Alphabet by 15.0% in the first quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock valued at $134,000 after acquiring an additional 21 shares during the period. St. Johns Investment Management Company LLC lifted its holdings in Alphabet by 1,046.7% in the second quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock valued at $156,000 after acquiring an additional 157 shares during the period. Cribstone Capital Management LLC lifted its holdings in Alphabet by 5.7% in the second quarter. Cribstone Capital Management LLC now owns 184 shares of the information services provider’s stock valued at $167,000 after acquiring an additional 10 shares during the period. Finally, Baker Boyer National Bank acquired a new position in Alphabet in the second quarter valued at approximately $200,000. 34.50% of the stock is owned by hedge funds and other institutional investors.

GOOG has been the subject of a number of analyst reports. J P Morgan Chase & Co reissued a “buy” rating on shares of Alphabet in a report on Tuesday, July 25th. Vetr downgraded Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,033.60 price target for the company. in a report on Wednesday, August 30th. UBS Group AG (USA) reissued a “buy” rating and issued a $1,080.00 price target on shares of Alphabet in a report on Monday, September 11th. JMP Securities reissued an “outperform” rating and issued a $1,077.00 price target on shares of Alphabet in a report on Tuesday, July 25th. Finally, Deutsche Bank AG reissued a “buy” rating on shares of Alphabet in a report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $1,045.44.

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In other news, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $926.79, for a total value of $3,707,160.00. Following the transaction, the chief executive officer now owns 1,389 shares in the company, valued at approximately $1,287,311.31. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ann Mather sold 37 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $940.67, for a total value of $34,804.79. Following the completion of the transaction, the director now owns 1,789 shares in the company, valued at approximately $1,682,858.63. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,714 shares of company stock worth $35,728,265. 13.92% of the stock is owned by company insiders.

Shares of Alphabet Inc (GOOG) opened at $1,032.48 on Friday. 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 capitalization of $710.60 billion, a price-to-earnings ratio of 34.33 and a beta of 0.95.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results 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 return on equity of 17.68% and a net margin of 24.24%. The company had revenue of $27.77 billion for the quarter, compared to the consensus estimate of $27.17 billion. During the same quarter in the prior year, the business earned $9.06 EPS. Alphabet’s revenue was up 23.7% on a year-over-year basis.

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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