BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 1.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 190,453 shares of the information services provider’s stock after selling 2,280 shares during the period. Alphabet makes up 1.4% of BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s investment portfolio, making the stock its 5th largest holding. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Alphabet were worth $173,070,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Rational Advisors LLC boosted its holdings in shares of Alphabet by 109.3% in the second quarter. Rational Advisors LLC now owns 1,168 shares of the information services provider’s stock valued at $1,072,000 after acquiring an additional 610 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Alphabet by 1.0% in the second quarter. Advisors Asset Management Inc. now owns 6,177 shares of the information services provider’s stock valued at $5,613,000 after acquiring an additional 59 shares in the last quarter. Bingham Osborn & Scarborough LLC boosted its holdings in shares of Alphabet by 38.8% in the second quarter. Bingham Osborn & Scarborough LLC now owns 1,184 shares of the information services provider’s stock valued at $1,076,000 after acquiring an additional 331 shares in the last quarter. 440 Investment Group LLC purchased a new stake in shares of Alphabet in the second quarter valued at about $293,000. Finally, Foster Dykema Cabot & Co. Inc. MA boosted its holdings in shares of Alphabet by 0.8% in the second quarter. Foster Dykema Cabot & Co. Inc. MA now owns 1,554 shares of the information services provider’s stock valued at $1,412,000 after acquiring an additional 13 shares in the last quarter. 34.50% of the stock is currently owned by institutional investors.

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Several analysts have recently weighed in on the stock. UBS AG reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Barclays PLC reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, October 27th. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Finally, Macquarie reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $1,045.44.

Shares of Alphabet Inc. (GOOG) opened at $1,032.48 on Monday. The stock has a market cap of $717,368.13, a price-to-earnings ratio of 34.57 and a beta of 0.95. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. Alphabet Inc. has a twelve month low of $727.54 and a twelve month high of $1,048.39.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.31 by $1.26. The firm had revenue of $27.77 billion for the quarter, compared to analysts’ expectations of $27.17 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The firm’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period in the prior year, the company posted $9.06 earnings per share.

In related news, SVP David C. Drummond sold 2,000 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $931.32, for a total value of $1,862,640.00. Following the sale, the senior vice president now directly owns 800 shares of the company’s stock, valued at $745,056. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $926.79, for a total transaction of $3,707,160.00. Following the sale, the chief executive officer now directly owns 1,389 shares in the company, valued at $1,287,311.31. The disclosure for this sale can be found here. Insiders sold 37,714 shares of company stock worth $35,728,265 over the last ninety days. 13.92% of the stock is currently owned by corporate insiders.

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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