Paulson & CO. Inc. reduced its stake in Alphabet Inc (NASDAQ:GOOG) by 64.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,000 shares of the information services provider’s stock after selling 7,200 shares during the period. Paulson & CO. Inc.’s holdings in Alphabet were worth $3,635,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Blue Fin Capital Inc. lifted its stake in Alphabet by 0.3% during the first quarter. Blue Fin Capital Inc. now owns 1,561 shares of the information services provider’s stock valued at $1,295,000 after purchasing an additional 5 shares during the last quarter. Winch Advisory Services LLC lifted its stake in Alphabet by 7.6% during the first quarter. Winch Advisory Services LLC now owns 4,091 shares of the information services provider’s stock valued at $3,394,000 after purchasing an additional 289 shares during the last quarter. OLD National Bancorp IN lifted its stake in Alphabet by 0.5% during the first quarter. OLD National Bancorp IN now owns 4,669 shares of the information services provider’s stock valued at $3,873,000 after purchasing an additional 21 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its stake in Alphabet by 4.1% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 93,288 shares of the information services provider’s stock valued at $77,388,000 after purchasing an additional 3,691 shares during the last quarter. Finally, C WorldWide Group Holding A S lifted its stake in Alphabet by 11.4% during the first quarter. C WorldWide Group Holding A S now owns 491,269 shares of the information services provider’s stock valued at $407,537,000 after purchasing an additional 50,375 shares during the last quarter. 34.74% of the stock is owned by institutional investors.

Alphabet Inc (NASDAQ GOOG) opened at $1,064.19 on Friday. Alphabet Inc has a 12 month low of $770.41 and a 12 month high of $1,067.62. The company has a market cap of $739,400.25, a price-to-earnings ratio of 35.63 and a beta of 0.93. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.31 by $1.26. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The business had revenue of $27.77 billion for the quarter, compared to analyst estimates of $27.17 billion. During the same period last year, the business posted $9.06 EPS. Alphabet’s revenue was up 23.7% compared to the same quarter last year.

In related news, Director L John Doerr sold 12,236 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $1,021.57, for a total value of $12,499,930.52. Following the transaction, the director now directly owns 3,485 shares in the company, valued at approximately $3,560,171.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $1,002.86, for a total transaction of $4,011,440.00. Following the completion of the transaction, the chief executive officer now owns 1,178 shares in the company, valued at $1,181,369.08. The disclosure for this sale can be found here. Insiders sold a total of 36,900 shares of company stock worth $36,837,100 over the last quarter. 13.92% of the stock is currently owned by company insiders.

Several research firms recently commented on GOOG. BidaskClub raised shares of Alphabet from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Royal Bank of Canada restated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Vetr upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,084.59 price target for the company in a research report on Wednesday, November 29th. Cantor Fitzgerald restated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Finally, Robert W. Baird restated an “outperform” rating and issued a $1,100.00 price target on shares of Alphabet in a research report on Saturday, September 23rd. One 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 company. The company presently has an average rating of “Buy” and a consensus price target of $1,047.45.

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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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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