Mosaic Family Wealth LLC continued to hold its position in Alphabet Inc. (NASDAQ:GOOG) during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 766 shares of the information services provider’s stock at the end of the second quarter. Mosaic Family Wealth LLC’s holdings in Alphabet were worth $697,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Perennial Advisors LLC boosted its stake in shares of Alphabet by 8.7% in the 2nd quarter. Perennial Advisors LLC now owns 3,232 shares of the information services provider’s stock worth $2,937,000 after buying an additional 260 shares during the last quarter. Doyle Wealth Management boosted its stake in shares of Alphabet by 6.7% in the 2nd quarter. Doyle Wealth Management now owns 3,182 shares of the information services provider’s stock worth $2,891,000 after buying an additional 200 shares during the last quarter. Carret Asset Management LLC boosted its stake in shares of Alphabet by 1.5% in the 1st quarter. Carret Asset Management LLC now owns 9,982 shares of the information services provider’s stock worth $8,281,000 after buying an additional 145 shares during the last quarter. Rothschild Investment Corp IL boosted its stake in shares of Alphabet by 1.7% in the 2nd quarter. Rothschild Investment Corp IL now owns 10,809 shares of the information services provider’s stock worth $9,823,000 after buying an additional 184 shares during the last quarter. Finally, AKO Capital LLP boosted its stake in shares of Alphabet by 6.8% in the 2nd quarter. AKO Capital LLP now owns 51,624 shares of the information services provider’s stock worth $46,912,000 after buying an additional 3,289 shares during the last quarter. Hedge funds and other institutional investors own 34.28% of the company’s stock.

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GOOG has been the topic of a number of research reports. Barclays PLC restated a “buy” rating on shares of Alphabet in a research note on Tuesday, July 25th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $1,220.00 target price on shares of Alphabet in a report on Friday, July 21st. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Alphabet in a report on Tuesday, July 25th. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Alphabet in a report on Tuesday, July 25th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $1,100.00 target price (up from $1,050.00) on shares of Alphabet in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirty-nine have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $1,047.52.

In related news, Director Ann Mather sold 37 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $940.67, for a total value of $34,804.79. Following the completion of the transaction, the director now owns 1,789 shares of the company’s stock, valued at $1,682,858.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $931.44, for a total transaction of $3,725,760.00. Following the completion of the transaction, the chief executive officer now directly owns 1,618 shares of the company’s stock, valued at approximately $1,507,069.92. The disclosure for this sale can be found here. Insiders have sold 26,158 shares of company stock valued at $25,437,999 in the last ninety days. Insiders own 13.92% of the company’s stock.

Shares of Alphabet Inc. (NASDAQ GOOG) opened at $1,032.50 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 5.73 and a current ratio of 5.77. Alphabet Inc. has a 12 month low of $737.02 and a 12 month high of $1,048.39. The firm has a market cap of $709,329.31, a P/E ratio of 34.18 and a beta of 0.95.

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

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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