Monarch Capital Management Inc. lifted its holdings in Alphabet Inc. (NASDAQ:GOOG) by 2.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,512 shares of the information services provider’s stock after purchasing an additional 40 shares during the quarter. Monarch Capital Management Inc.’s holdings in Alphabet were worth $1,374,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of GOOG. Sanders Capital LLC boosted its position in shares of Alphabet by 37.1% in the 1st quarter. Sanders Capital LLC now owns 1,199,405 shares of the information services provider’s stock worth $1,019,026,000 after purchasing an additional 324,596 shares in the last quarter. Pictet Asset Management Ltd. boosted its position in shares of Alphabet by 35.8% in the 1st quarter. Pictet Asset Management Ltd. now owns 422,437 shares of the information services provider’s stock worth $350,437,000 after purchasing an additional 111,292 shares in the last quarter. Karp Capital Management Corp acquired a new stake in shares of Alphabet in the 1st quarter worth $82,519,000. Russell Investments Group Ltd. boosted its position in shares of Alphabet by 12.0% in the 1st quarter. Russell Investments Group Ltd. now owns 876,999 shares of the information services provider’s stock worth $727,645,000 after purchasing an additional 94,111 shares in the last quarter. Finally, Vontobel Asset Management Inc. boosted its position in shares of Alphabet by 19.1% in the 2nd quarter. Vontobel Asset Management Inc. now owns 558,500 shares of the information services provider’s stock worth $520,175,000 after purchasing an additional 89,703 shares in the last quarter. 34.52% of the stock is owned by hedge funds and other institutional investors.

GOOG has been the subject of a number of recent analyst reports. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Alphabet in a research report on Wednesday, July 5th. MKM Partners reissued a “buy” rating and issued a $1,170.00 price objective on shares of Alphabet in a research report on Wednesday, June 28th. Vetr raised Alphabet from a “hold” rating to a “buy” rating and set a $995.83 price objective for the company in a research report on Monday, June 26th. Moffett Nathanson reissued a “buy” rating on shares of Alphabet in a research report on Friday, June 9th. Finally, Deutsche Bank AG reissued a “buy” rating on shares of Alphabet in a research report on Monday, June 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and forty have assigned a buy rating to the company. Alphabet has an average rating of “Buy” and an average price target of $1,035.40.

Shares of Alphabet Inc. (NASDAQ:GOOG) opened at 959.11 on Friday. Alphabet Inc. has a 52-week low of $727.54 and a 52-week high of $988.25. The stock has a market cap of $664.55 billion, a price-to-earnings ratio of 34.76 and a beta of 0.94. The stock’s 50 day moving average is $924.03 and its 200 day moving average is $909.94.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.43 by $0.58. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The firm had revenue of $26.01 billion for the quarter, compared to analyst estimates of $25.61 billion. During the same quarter last year, the business earned $8.42 earnings per share. Alphabet’s revenue was up 21.0% compared to the same quarter last year. On average, equities analysts expect that Alphabet Inc. will post $30.59 earnings per share for the current fiscal year.

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In related news, SVP David C. Drummond sold 1,496 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $939.76, for a total transaction of $1,405,880.96. Following the sale, the senior vice president now owns 52 shares in the company, valued at $48,867.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP James Grier Campbell sold 183 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $911.16, for a total transaction of $166,742.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,680 shares of company stock worth $39,700,363. 13.92% of the stock is owned by company insiders.

Alphabet 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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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