Personal Capital Advisors Corp decreased its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 2.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 36,999 shares of the information services provider’s stock after selling 835 shares during the quarter. Personal Capital Advisors Corp’s holdings in Alphabet were worth $41,277,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. raised its stake in Alphabet by 1.9% during the 1st quarter. BlackRock Inc. now owns 19,071,440 shares of the information services provider’s stock worth $19,677,721,000 after buying an additional 352,952 shares during the period. Summit Trail Advisors LLC raised its stake in Alphabet by 132,719.3% during the 1st quarter. Summit Trail Advisors LLC now owns 18,679,702 shares of the information services provider’s stock worth $18,680,000 after buying an additional 18,665,638 shares during the period. Magellan Asset Management Ltd raised its stake in Alphabet by 684.2% during the 1st quarter. Magellan Asset Management Ltd now owns 2,114,849 shares of the information services provider’s stock worth $2,182,080,000 after buying an additional 1,845,160 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Alphabet by 4.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,079,768 shares of the information services provider’s stock worth $1,114,094,000 after buying an additional 45,157 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in Alphabet by 1.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,069,808 shares of the information services provider’s stock worth $1,103,816,000 after buying an additional 11,529 shares during the period. Institutional investors own 34.20% of the company’s stock.

Shares of Alphabet stock opened at $1,180.49 on Thursday. The company has a market capitalization of $816.60 billion, a PE ratio of 28.65 and a beta of 1.11. Alphabet Inc has a 52 week low of $927.74 and a 52 week high of $1,273.89. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.15 and a quick ratio of 4.13.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Monday, July 23rd. The information services provider reported $11.75 EPS for the quarter, topping the consensus estimate of $9.66 by $2.09. The firm had revenue of $32.66 billion during the quarter, compared to the consensus estimate of $32.13 billion. Alphabet had a return on equity of 18.24% and a net margin of 13.16%. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the business posted $5.01 earnings per share.

A number of research analysts recently weighed in on GOOG shares. BidaskClub raised Alphabet from a “hold” rating to a “buy” rating in a research note on Thursday, August 30th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Alphabet in a research note on Monday, July 16th. Nomura reaffirmed a “buy” rating on shares of Alphabet in a research note on Wednesday, July 11th. Morgan Stanley reaffirmed a “buy” rating on shares of Alphabet in a research note on Thursday, June 28th. Finally, Goldman Sachs Group reaffirmed a “$1,186.96” rating on shares of Alphabet in a research note on Thursday, July 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $1,289.09.

In related news, Director Ann Mather sold 24 shares of the stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $1,100.00, for a total transaction of $26,400.00. Following the completion of the sale, the director now directly owns 1,870 shares of the company’s stock, valued at $2,057,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Amie Thuener O’toole sold 73 shares of the stock in a transaction that occurred on Tuesday, July 3rd. The shares were sold at an average price of $1,135.82, for a total value of $82,914.86. Following the sale, the vice president now directly owns 388 shares of the company’s stock, valued at $440,698.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 88,362 shares of company stock valued at $105,424,908. Company insiders own 13.11% of the company’s stock.

Alphabet Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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