Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 4.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 928,804 shares of the information services provider’s stock after purchasing an additional 40,521 shares during the period. Alphabet accounts for 1.2% of Sumitomo Mitsui Trust Holdings Inc.’s holdings, making the stock its 8th biggest holding. Sumitomo Mitsui Trust Holdings Inc. owned about 0.13% of Alphabet worth $844,032,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GOOG. Tufton Capital Management lifted its position in Alphabet by 1.0% during the first quarter. Tufton Capital Management now owns 9,522 shares of the information services provider’s stock valued at $7,899,000 after acquiring an additional 92 shares during the last quarter. Financial Consulate Inc. purchased a new stake in Alphabet during the first quarter valued at approximately $215,000. Oxbow Advisors LLC lifted its position in Alphabet by 6.1% during the first quarter. Oxbow Advisors LLC now owns 10,783 shares of the information services provider’s stock valued at $8,945,000 after acquiring an additional 622 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in Alphabet by 8.9% during the first quarter. Canada Pension Plan Investment Board now owns 404,951 shares of the information services provider’s stock valued at $335,931,000 after acquiring an additional 33,100 shares during the last quarter. Finally, Orca Investment Management LLC lifted its position in Alphabet by 0.7% during the first quarter. Orca Investment Management LLC now owns 2,796 shares of the information services provider’s stock valued at $2,319,000 after acquiring an additional 19 shares during the last quarter. Hedge funds and other institutional investors own 34.28% of the company’s stock.

In other news, Director Ann Mather sold 37 shares of the firm’s 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 transaction, the director now directly owns 1,789 shares of the company’s stock, valued at $1,682,858.63. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $1,020.69, for a total transaction of $4,082,760.00. Following the completion of the transaction, the chief executive officer now directly owns 949 shares in the company, valued at $968,634.81. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,394 shares of company stock worth $37,937,930. Insiders own 13.92% of the company’s stock.

Shares of Alphabet Inc. (GOOG) opened at $1,019.09 on Friday. Alphabet Inc. has a 52-week low of $737.02 and a 52-week high of $1,048.39. The stock has a market cap of $708,064.81, a PE ratio of 34.12 and a beta of 0.95. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating 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 business had revenue of $27.77 billion for the quarter, compared to analyst estimates of $27.17 billion. During the same quarter last year, the business earned $9.06 earnings per share. The company’s revenue for the quarter was up 23.7% compared to the same quarter last year.

A number of equities research analysts recently commented on the stock. Vetr cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,067.64 target price for the company. in a research report on Monday. Oppenheimer Holdings, Inc. reissued an “outperform” rating on shares of Alphabet in a research report on Friday, October 27th. UBS AG reissued a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Finally, Macquarie reissued a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. 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 stock. The stock presently has an average rating of “Buy” and an average price target of $1,047.52.

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Alphabet Company 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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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