Flossbach Von Storch AG maintained its position in Alphabet Inc. (NASDAQ:GOOG) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,000 shares of the information services provider’s stock at the end of the second quarter. Flossbach Von Storch AG’s holdings in Alphabet were worth $909,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GOOG. CGOV Asset Management boosted its holdings in Alphabet by 0.4% in the 1st quarter. CGOV Asset Management now owns 1,405 shares of the information services provider’s stock valued at $1,553,000 after purchasing an additional 5 shares in the last quarter. Hartford Investment Management Co. boosted its holdings in Alphabet by 6.1% in the 1st quarter. Hartford Investment Management Co. now owns 79,529 shares of the information services provider’s stock valued at $65,974,000 after purchasing an additional 4,602 shares in the last quarter. Ledyard National Bank boosted its holdings in Alphabet by 0.7% in the 1st quarter. Ledyard National Bank now owns 5,194 shares of the information services provider’s stock valued at $4,308,000 after purchasing an additional 37 shares in the last quarter. Boys Arnold & Co. Inc. boosted its holdings in Alphabet by 2.7% in the 1st quarter. Boys Arnold & Co. Inc. now owns 3,221 shares of the information services provider’s stock valued at $2,672,000 after purchasing an additional 84 shares in the last quarter. Finally, Rockland Trust Co. boosted its holdings in Alphabet by 10.1% in the 1st quarter. Rockland Trust Co. now owns 566 shares of the information services provider’s stock valued at $470,000 after purchasing an additional 52 shares in the last quarter. 34.53% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have weighed in on GOOG. Canaccord Genuity lowered Alphabet from a “buy” rating to a “hold” rating and set a $1,000.00 price objective on the stock. in a report on Thursday, June 15th. They noted that the move was a valuation call. Pivotal Research reaffirmed a “hold” rating and issued a $980.00 price objective (down previously from $990.00) on shares of Alphabet in a report on Monday, July 17th. BidaskClub raised Alphabet from a “hold” rating to a “buy” rating in a report on Friday, August 25th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $1,200.00 price objective on shares of Alphabet in a report on Wednesday, June 28th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Alphabet in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-nine have issued a buy rating to the company. Alphabet has an average rating of “Buy” and a consensus price target of $1,034.31.

In related news, SVP David C. Drummond sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $949.77, for a total value of $1,899,540.00. Following the completion of the sale, the senior vice president now owns 1,800 shares in the company, valued at approximately $1,709,586. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ann Mather sold 629 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $932.28, for a total transaction of $586,404.12. Following the completion of the sale, the director now owns 1,781 shares of the company’s stock, valued at approximately $1,660,390.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,694 shares of company stock valued at $39,941,804. 13.92% of the stock is owned by insiders.

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Alphabet Inc. (NASDAQ GOOG) opened at 978.89 on Monday. Alphabet Inc. has a one year low of $727.54 and a one year high of $988.25. The firm has a market capitalization of $678.25 billion, a P/E ratio of 35.48 and a beta of 0.94. The firm has a 50-day moving average price of $932.79 and a 200 day moving average price of $918.65.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.43 by $0.58. The business had revenue of $26.01 billion during the quarter, compared to the consensus estimate of $25.61 billion. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The firm’s quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $8.42 EPS. Equities research analysts anticipate that Alphabet Inc. will post $30.59 earnings per share for the current year.

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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