American Capital Management Inc. cut its holdings in Alphabet Inc. (NASDAQ:GOOG) by 3.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,202 shares of the information services provider’s stock after selling 45 shares during the period. American Capital Management Inc.’s holdings in Alphabet were worth $1,092,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of GOOG. Schnieders Capital Management LLC increased its stake in shares of Alphabet by 4.6% in the second quarter. Schnieders Capital Management LLC now owns 3,822 shares of the information services provider’s stock valued at $3,473,000 after purchasing an additional 167 shares during the period. Harbour Capital Advisors LLC increased its stake in shares of Alphabet by 87,001.5% in the second quarter. Harbour Capital Advisors LLC now owns 1,993,754 shares of the information services provider’s stock valued at $2,194,000 after purchasing an additional 1,991,465 shares during the period. IBM Retirement Fund increased its stake in shares of Alphabet by 76.1% in the second quarter. IBM Retirement Fund now owns 7,403 shares of the information services provider’s stock valued at $7,517,000 after purchasing an additional 3,198 shares during the period. Arthur M. Cohen & Associates LLC acquired a new stake in shares of Alphabet in the second quarter valued at approximately $4,914,000. Finally, Municipal Employees Retirement System of Michigan increased its stake in shares of Alphabet by 1.8% in the second quarter. Municipal Employees Retirement System of Michigan now owns 9,743 shares of the information services provider’s stock valued at $8,854,000 after purchasing an additional 170 shares during the period. Institutional investors own 34.53% of the company’s stock.

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Several brokerages have commented on GOOG. J P Morgan Chase & Co restated a “buy” rating on shares of Alphabet in a research note on Tuesday, July 25th. Canaccord Genuity restated a “hold” rating and issued a $1,000.00 price target on shares of Alphabet in a research note on Thursday, July 27th. SunTrust Banks, Inc. began coverage on shares of Alphabet in a research note on Wednesday, August 16th. They issued a “buy” rating and a $1,100.00 price target on the stock. UBS AG restated a “buy” rating and issued a $1,080.00 price target on shares of Alphabet in a research note on Tuesday, July 25th. Finally, MKM Partners restated a “buy” rating and issued a $1,210.00 price target (up previously from $1,170.00) on shares of Alphabet in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-nine have issued a buy rating to the company’s stock. Alphabet has a consensus rating of “Buy” and an average price target of $1,034.31.

In other news, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $969.92, for a total value of $3,879,680.00. Following the completion of the transaction, the chief executive officer now owns 1,536 shares in the company, valued at $1,489,797.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ann Mather sold 38 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $959.26, for a total transaction of $36,451.88. Following the completion of the transaction, the director now owns 1,797 shares of the company’s stock, valued at approximately $1,723,790.22. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,694 shares of company stock valued at $39,941,804. Corporate insiders own 13.92% of the company’s stock.

Alphabet Inc. (NASDAQ:GOOG) opened at 978.89 on Monday. The firm has a market cap of $678.25 billion, a price-to-earnings ratio of 35.48 and a beta of 0.94. The company has a 50-day moving average of $932.79 and a 200-day moving average of $918.65. Alphabet Inc. has a 1-year low of $727.54 and a 1-year high of $988.25.

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

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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