Coe Capital Management LLC cut its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 13.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,970 shares of the information services provider’s stock after selling 307 shares during the quarter. Alphabet accounts for about 2.7% of Coe Capital Management LLC’s investment portfolio, making the stock its 10th largest holding. Coe Capital Management LLC’s holdings in Alphabet were worth $2,311,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Oregon Public Employees Retirement Fund boosted its position in Alphabet by 102,010.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 56,224,303 shares of the information services provider’s stock worth $54,000 after acquiring an additional 56,169,241 shares during the period. Vanguard Group Inc. boosted its position in Alphabet by 97.8% during the 3rd quarter. Vanguard Group Inc. now owns 43,027,936 shares of the information services provider’s stock worth $51,643,016,000 after acquiring an additional 21,273,995 shares during the period. Trust Asset Management LLC boosted its position in Alphabet by 86,154.5% during the 3rd quarter. Trust Asset Management LLC now owns 20,789,054 shares of the information services provider’s stock worth $20,790,000 after acquiring an additional 20,764,952 shares during the period. BlackRock Inc. boosted its position in Alphabet by 0.6% during the 4th quarter. BlackRock Inc. now owns 19,618,313 shares of the information services provider’s stock worth $20,316,919,000 after acquiring an additional 125,866 shares during the period. Finally, Lunia Capital LP boosted its position in Alphabet by 135,522.5% during the 4th quarter. Lunia Capital LP now owns 16,870,086 shares of the information services provider’s stock worth $16,870,000 after acquiring an additional 16,857,647 shares during the period. Hedge funds and other institutional investors own 33.99% of the company’s stock.

GOOG opened at $1,085.35 on Monday. Alphabet Inc has a fifty-two week low of $970.11 and a fifty-two week high of $1,289.27. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.96 and a quick ratio of 3.93. The stock has a market cap of $753.50 billion, a PE ratio of 22.84, a PEG ratio of 1.28 and a beta of 1.03.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Monday, April 29th. The information services provider reported $11.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $10.51 by $1.39. Alphabet had a return on equity of 20.06% and a net margin of 19.71%. The company had revenue of $36.34 billion during the quarter, compared to the consensus estimate of $37.36 billion. During the same period last year, the business earned $9.93 EPS. The business’s quarterly revenue was up 16.7% on a year-over-year basis. On average, research analysts forecast that Alphabet Inc will post 48.44 EPS for the current fiscal year.

In related news, Director John L. Hennessy sold 75 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $1,280.51, for a total value of $96,038.25. Following the transaction, the director now directly owns 159 shares of the company’s stock, valued at approximately $203,601.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Amie Thuener O’toole sold 69 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $1,042.90, for a total value of $71,960.10. Following the completion of the transaction, the chief accounting officer now directly owns 388 shares in the company, valued at $404,645.20. The disclosure for this sale can be found here. Insiders sold a total of 423 shares of company stock worth $494,939 over the last three months. 13.11% of the stock is owned by company insiders.

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. restated a “buy” rating on shares of Alphabet in a research report on Tuesday, April 30th. Credit Suisse Group restated a “buy” rating on shares of Alphabet in a research report on Tuesday, April 30th. Deutsche Bank cut their price target on Alphabet from $1,385.00 to $1,300.00 and set a “buy” rating for the company in a research note on Tuesday, April 30th. They noted that the move was a valuation call. Stifel Nicolaus downgraded Alphabet from a “buy” rating to a “hold” rating and set a $1,287.00 price target for the company. in a research note on Tuesday, April 30th. Finally, Goldman Sachs Group reaffirmed a “buy” rating on shares of Alphabet in a research note on Monday, April 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-six have given a buy rating to the stock. Alphabet presently has an average rating of “Buy” and a consensus price target of $1,361.50.

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About Alphabet

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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