Usca Ria LLC grew its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 3.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,257 shares of the information services provider’s stock after purchasing an additional 243 shares during the quarter. Alphabet makes up approximately 1.0% of Usca Ria LLC’s investment portfolio, making the stock its 16th largest position. Usca Ria LLC’s holdings in Alphabet were worth $9,212,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. lifted its stake in Alphabet by 1.9% in the first quarter. BlackRock Inc. now owns 19,071,440 shares of the information services provider’s stock worth $19,677,721,000 after acquiring an additional 352,952 shares during the period. Summit Trail Advisors LLC lifted its stake in Alphabet by 132,719.3% in the first quarter. Summit Trail Advisors LLC now owns 18,679,702 shares of the information services provider’s stock worth $18,680,000 after acquiring an additional 18,665,638 shares during the period. Bank of New York Mellon Corp lifted its stake in Alphabet by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 3,644,595 shares of the information services provider’s stock worth $4,066,096,000 after acquiring an additional 27,153 shares during the period. Magellan Asset Management Ltd lifted its stake in Alphabet by 684.2% in the first quarter. Magellan Asset Management Ltd now owns 2,114,849 shares of the information services provider’s stock worth $2,182,080,000 after acquiring an additional 1,845,160 shares during the period. Finally, Jennison Associates LLC lifted its stake in Alphabet by 10.4% in the second quarter. Jennison Associates LLC now owns 1,662,006 shares of the information services provider’s stock worth $1,854,217,000 after acquiring an additional 156,582 shares during the period. 34.18% of the stock is owned by hedge funds and other institutional investors.

In other news, Director John L. Hennessy sold 724 shares of the company’s stock in a transaction dated Wednesday, July 25th. The shares were sold at an average price of $1,250.30, for a total transaction of $905,217.20. Following the transaction, the director now owns 442 shares in the company, valued at $552,632.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 10,000 shares of the company’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $1,229.07, for a total transaction of $12,290,700.00. Following the transaction, the chief executive officer now owns 885 shares in the company, valued at approximately $1,087,726.95. The disclosure for this sale can be found here. Over the last three months, insiders have sold 78,370 shares of company stock valued at $94,026,373. Insiders own 13.11% of the company’s stock.

GOOG stock opened at $1,096.46 on Friday. The stock has a market cap of $757.17 billion, a price-to-earnings ratio of 26.57 and a beta of 1.11. Alphabet Inc has a one year low of $960.52 and a one year high of $1,273.89. The company has a quick ratio of 4.13, a current ratio of 4.15 and a debt-to-equity ratio of 0.02.

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

GOOG has been the subject of a number of research reports. Macquarie reaffirmed a “buy” rating on shares of Alphabet in a research note on Thursday, September 27th. BidaskClub raised shares of Alphabet from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 26th. Morgan Stanley reaffirmed a “buy” rating on shares of Alphabet in a research note on Tuesday, August 7th. Goldman Sachs Group reaffirmed a “$1,186.96” rating on shares of Alphabet in a research note on Thursday, July 19th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $1,400.00 price objective on shares of Alphabet in a research note on Tuesday, July 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $1,311.71.

Alphabet Company 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.

Further Reading: Index Funds

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter.