CFO4Life Group LLC acquired a new stake in Alphabet Inc (NASDAQ:GOOG) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,040 shares of the information services provider’s stock, valued at approximately $2,070,000. Alphabet makes up 0.9% of CFO4Life Group LLC’s portfolio, making the stock its 29th largest holding.

Several other hedge funds also recently modified their holdings of GOOG. Point72 Asset Management L.P. increased its position in Alphabet by 349.3% in the 1st quarter. Point72 Asset Management L.P. now owns 38,146 shares of the information services provider’s stock worth $39,359,000 after buying an additional 53,446 shares during the period. Pinnacle Financial Partners Inc. increased its position in Alphabet by 8.6% in the 2nd quarter. Pinnacle Financial Partners Inc. now owns 2,132 shares of the information services provider’s stock worth $2,378,000 after buying an additional 168 shares during the period. Cetera Advisors LLC increased its position in Alphabet by 6.3% in the 1st quarter. Cetera Advisors LLC now owns 5,149 shares of the information services provider’s stock worth $5,181,000 after buying an additional 303 shares during the period. DnB Asset Management AS increased its position in Alphabet by 6.2% in the 2nd quarter. DnB Asset Management AS now owns 37,615 shares of the information services provider’s stock worth $41,965,000 after buying an additional 2,200 shares during the period. Finally, Bremer Trust National Association increased its position in Alphabet by 134.5% in the 2nd quarter. Bremer Trust National Association now owns 4,068 shares of the information services provider’s stock worth $4,539,000 after buying an additional 2,333 shares during the period. 34.20% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:GOOG opened at $1,194.64 on Friday. Alphabet Inc has a 1-year low of $940.55 and a 1-year high of $1,273.89. The company has a market cap of $824.45 billion, a PE ratio of 28.93 and a beta of 1.11. The company has a current ratio of 4.15, a quick ratio of 4.13 and a debt-to-equity ratio of 0.02.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Monday, July 23rd. The information services provider reported $11.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $9.66 by $2.09. Alphabet had a return on equity of 18.24% and a net margin of 13.16%. The company had revenue of $32.66 billion for the quarter, compared to analyst estimates of $32.13 billion. During the same quarter last year, the firm earned $5.01 EPS. Alphabet’s revenue for the quarter was up 25.6% compared to the same quarter last year.

Several research analysts have commented on the company. Macquarie reaffirmed a “buy” rating on shares of Alphabet in a research report on Thursday. Morningstar reaffirmed a “neutral” rating on shares of Alphabet in a research report on Wednesday. Morgan Stanley reaffirmed a “buy” rating on shares of Alphabet in a research report on Wednesday. Jefferies Financial Group reaffirmed a “buy” rating on shares of Alphabet in a research report on Monday. Finally, Barclays reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, September 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-six have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $1,289.09.

In related news, Director Ann Mather sold 24 shares of the business’s stock in a transaction on Monday, July 2nd. The stock was sold at an average price of $1,100.00, for a total value of $26,400.00. Following the sale, the director now owns 1,870 shares of the company’s stock, valued at approximately $2,057,000. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Amie Thuener O’toole sold 73 shares of the business’s stock in a transaction on Tuesday, July 3rd. The shares were sold at an average price of $1,135.82, for a total value of $82,914.86. Following the completion of the sale, the vice president now directly owns 388 shares in the company, valued at approximately $440,698.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 88,362 shares of company stock worth $105,424,908. 13.11% of the stock is owned by insiders.

Alphabet Company Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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