CCM Investment Advisers LLC lifted its stake in Alphabet Inc. (NASDAQ:GOOG) by 2.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 857 shares of the information services provider’s stock after buying an additional 17 shares during the period. CCM Investment Advisers LLC’s holdings in Alphabet were worth $778,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GOOG. Riggs Asset Managment Co. Inc. increased its holdings in Alphabet by 39.6% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 141 shares of the information services provider’s stock valued at $128,000 after purchasing an additional 40 shares during the period. Farmers National Bank increased its holdings in Alphabet by 15.0% during the 1st quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock valued at $134,000 after purchasing an additional 21 shares during the period. St. Johns Investment Management Company LLC increased its holdings in Alphabet by 1,046.7% during the 2nd quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock valued at $156,000 after purchasing an additional 157 shares during the period. Cribstone Capital Management LLC increased its holdings in Alphabet by 5.7% during the 2nd quarter. Cribstone Capital Management LLC now owns 184 shares of the information services provider’s stock valued at $167,000 after purchasing an additional 10 shares during the period. Finally, Baker Boyer National Bank purchased a new position in Alphabet during the 2nd quarter valued at about $200,000. Hedge funds and other institutional investors own 34.50% of the company’s stock.

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

In other Alphabet news, SVP David C. Drummond sold 2,000 shares of Alphabet 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 completion of the transaction, the senior vice president now 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 can be accessed through this link. Also, VP James Grier Campbell sold 183 shares of Alphabet stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $933.08, for a total transaction of $170,753.64. The disclosure for this sale can be found here. Insiders sold 37,714 shares of company stock valued at $35,728,265 in the last ninety days. 13.92% of the stock is owned by corporate insiders.

A number of research analysts recently issued reports on GOOG shares. J P Morgan Chase & Co restated a “buy” rating on shares of Alphabet in a report on Tuesday, July 25th. Vetr downgraded Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,033.60 price target on the stock. in a report on Wednesday, August 30th. UBS AG restated a “buy” rating and set a $1,080.00 price target on shares of Alphabet in a report on Monday, September 11th. JMP Securities restated an “outperform” rating and set a $1,077.00 price target on shares of Alphabet in a report on Tuesday, July 25th. Finally, Deutsche Bank AG restated a “buy” rating and set a $1,220.00 price target on shares of Alphabet in a report on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $1,045.44.

Alphabet Company 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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