Carleon Capital Partners LLC maintained its stake in Alphabet Inc. (NASDAQ:GOOG) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,585 shares of the information services provider’s stock at the close of the second quarter. Carleon Capital Partners LLC’s holdings in Alphabet were worth $2,359,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Riggs Asset Managment Co. Inc. increased its position in Alphabet by 39.6% during the second quarter. Riggs Asset Managment Co. Inc. now owns 141 shares of the information services provider’s stock worth $128,000 after acquiring an additional 40 shares during the period. Farmers National Bank increased its position in Alphabet by 15.0% during the first quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock worth $134,000 after acquiring an additional 21 shares during the period. St. Johns Investment Management Company LLC increased its position in Alphabet by 1,046.7% during the second quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock worth $156,000 after acquiring an additional 157 shares during the period. Cribstone Capital Management LLC increased its position in Alphabet by 5.7% during the second quarter. Cribstone Capital Management LLC now owns 184 shares of the information services provider’s stock worth $167,000 after acquiring an additional 10 shares during the period. Finally, Baker Boyer National Bank bought a new position in Alphabet during the second quarter worth $200,000. 34.53% of the stock is currently owned by institutional investors and hedge funds.

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GOOG has been the topic of a number of research reports. MKM Partners reaffirmed a “buy” rating and set a $1,170.00 target price on shares of Alphabet in a research report on Wednesday, June 28th. Cowen and Company reaffirmed an “outperform” rating and set a $1,075.00 target price on shares of Alphabet in a research report on Thursday, August 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $1,050.00 target price on shares of Alphabet in a research report on Monday, July 17th. Robert W. Baird reiterated an “outperform” rating on shares of Alphabet in a research note on Monday, July 3rd. Finally, J P Morgan Chase & Co reiterated a “buy” rating on shares of Alphabet in a research note on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $1,034.31.

Alphabet Inc. (NASDAQ:GOOG) opened at 989.25 on Thursday. The firm has a market capitalization of $685.43 billion, a price-to-earnings ratio of 35.85 and a beta of 0.94. The company has a 50 day moving average price of $938.42 and a 200 day moving average price of $922.72. Alphabet Inc. has a 12 month low of $727.54 and a 12 month high of $990.71.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, topping the Zacks’ 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 return on equity of 13.66% and a net margin of 19.49%. The firm’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same period in the previous year, the company posted $8.42 earnings per share. Analysts anticipate that Alphabet Inc. will post $30.58 earnings per share for the current fiscal year.

In other Alphabet news, VP James Grier Campbell sold 184 shares of Alphabet stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $932.38, for a total value of $171,557.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $969.92, for a total value of $3,879,680.00. Following the completion of the sale, the chief executive officer now owns 1,536 shares of the company’s stock, valued at $1,489,797.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,694 shares of company stock valued at $38,042,264. 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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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