Clear Harbor Asset Management LLC grew its position in Alphabet Inc (NASDAQ:GOOG) by 1.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,625 shares of the information services provider’s stock after purchasing an additional 52 shares during the period. Alphabet comprises about 1.0% of Clear Harbor Asset Management LLC’s holdings, making the stock its 27th largest position. Clear Harbor Asset Management LLC’s holdings in Alphabet were worth $5,160,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Point72 Asset Management L.P. increased its holdings in shares of Alphabet by 349.3% during the 1st quarter. Point72 Asset Management L.P. now owns 38,146 shares of the information services provider’s stock valued at $39,359,000 after acquiring an additional 53,446 shares during the last quarter. Pinnacle Financial Partners Inc. increased its holdings in shares of Alphabet by 8.6% during the 2nd quarter. Pinnacle Financial Partners Inc. now owns 2,132 shares of the information services provider’s stock valued at $2,378,000 after acquiring an additional 168 shares during the last quarter. Cetera Advisors LLC increased its holdings in shares of Alphabet by 6.3% during the 1st quarter. Cetera Advisors LLC now owns 5,149 shares of the information services provider’s stock valued at $5,181,000 after acquiring an additional 303 shares during the last quarter. DnB Asset Management AS increased its holdings in shares of Alphabet by 6.2% during the 2nd quarter. DnB Asset Management AS now owns 37,615 shares of the information services provider’s stock valued at $41,965,000 after acquiring an additional 2,200 shares during the last quarter. Finally, Bremer Trust National Association increased its holdings in shares of Alphabet by 134.5% during the 2nd quarter. Bremer Trust National Association now owns 4,068 shares of the information services provider’s stock valued at $4,539,000 after acquiring an additional 2,333 shares during the last quarter. 34.18% of the stock is currently owned by institutional investors.

Shares of GOOG stock opened at $1,157.35 on Friday. The company has a quick ratio of 4.13, a current ratio of 4.15 and a debt-to-equity ratio of 0.02. Alphabet Inc has a 12 month low of $960.52 and a 12 month high of $1,273.89. The company has a market capitalization of $830.59 billion, a price-to-earnings ratio of 29.15 and a beta of 1.11.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Monday, July 23rd. The information services provider reported $11.75 EPS for the quarter, topping the Zacks’ 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 during the quarter, compared to the consensus estimate of $32.13 billion. During the same quarter last year, the company earned $5.01 EPS. The company’s quarterly revenue was up 25.6% on a year-over-year basis.

GOOG has been the topic of a number of analyst reports. Barclays reissued a “buy” rating on shares of Alphabet in a report on Monday, August 20th. Morgan Stanley reissued a “buy” rating on shares of Alphabet in a report on Wednesday, August 29th. Macquarie reissued a “buy” rating on shares of Alphabet in a report on Monday, September 10th. BidaskClub lowered Alphabet from a “buy” rating to a “hold” rating in a report on Friday, August 17th. Finally, Wells Fargo & Co reissued a “buy” rating on shares of Alphabet in a report on Thursday, August 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $1,289.09.

In other Alphabet news, Director Ann Mather sold 24 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $1,206.20, for a total value of $28,948.80. Following the completion of the sale, the director now owns 1,898 shares in the company, valued at approximately $2,289,367.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Sundar Pichai sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 3rd. The stock was sold at an average price of $1,200.04, for a total value of $12,000,400.00. Following the completion of the sale, the chief executive officer now owns 857 shares of the company’s stock, valued at approximately $1,028,434.28. The disclosure for this sale can be found here. Insiders sold a total of 88,370 shares of company stock valued at $106,307,067 in the last quarter. Corporate insiders own 13.11% of the company’s stock.

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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