Nippon Life Global Investors Americas Inc. held its position in shares of Alphabet Inc (NASDAQ:GOOG) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,298 shares of the information services provider’s stock at the close of the 2nd quarter. Nippon Life Global Investors Americas Inc.’s holdings in Alphabet were worth $12,084,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Riggs Asset Managment Co. Inc. lifted its position in shares of 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 purchasing an additional 40 shares during the last quarter. Farmers National Bank lifted its position in shares of 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 purchasing an additional 21 shares during the last quarter. St. Johns Investment Management Company LLC lifted its position in shares of 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 purchasing an additional 157 shares during the last quarter. Cribstone Capital Management LLC lifted its position in shares of 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 purchasing an additional 10 shares during the last quarter. Finally, Baker Boyer National Bank purchased a new position in shares of Alphabet during the second quarter valued at $200,000. Institutional investors and hedge funds own 34.50% of the company’s stock.

In related news, Director Ann Mather sold 37 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $940.67, for a total transaction of $34,804.79. Following the completion of the sale, the director now directly owns 1,789 shares in the company, valued at $1,682,858.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director L John Doerr sold 13,556 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $922.15, for a total value of $12,500,665.40. Following the sale, the director now owns 3,485 shares of the company’s stock, valued at $3,213,692.75. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,714 shares of company stock valued at $35,728,265. Corporate insiders own 13.92% of the company’s stock.

Alphabet Inc (NASDAQ:GOOG) opened at $1,032.48 on Friday. The company has a market capitalization of $710.60 billion, a price-to-earnings ratio of 34.33 and a beta of 0.95. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $8.31 by $1.26. The business had revenue of $27.77 billion during the quarter, compared to the consensus estimate of $27.17 billion. Alphabet had a return on equity of 17.68% and a net margin of 24.24%. The business’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period in the prior year, the company posted $9.06 EPS.

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Several equities analysts have recently commented on GOOG shares. Societe Generale restated a “buy” rating on shares of Alphabet in a research note on Friday, July 7th. Credit Suisse Group restated an “outperform” rating and set a $1,100.00 price target on shares of Alphabet in a research note on Wednesday, July 12th. Vetr lowered Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,047.63 price target on the stock. in a research note on Wednesday, July 12th. BidaskClub upgraded Alphabet from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 13th. Finally, Pivotal Research restated a “hold” rating and set a $980.00 price target (down previously from $990.00) on shares of Alphabet in a research note on Monday, July 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-eight have assigned a buy rating to the company. Alphabet has an average rating of “Buy” and an average price target 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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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