Personal Capital Advisors Corp lifted its stake in Alphabet Inc. (NASDAQ:GOOG) by 4.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,522 shares of the information services provider’s stock after purchasing an additional 1,705 shares during the period. Alphabet accounts for approximately 0.8% of Personal Capital Advisors Corp’s holdings, making the stock its 21st largest holding. Personal Capital Advisors Corp’s holdings in Alphabet were worth $35,006,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Boston Advisors LLC boosted its position in shares of Alphabet by 2.6% in the 2nd quarter. Boston Advisors LLC now owns 1,884 shares of the information services provider’s stock worth $1,712,000 after purchasing an additional 48 shares during the last quarter. Clear Harbor Asset Management LLC boosted its position in shares of Alphabet by 1.8% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 4,145 shares of the information services provider’s stock worth $3,912,000 after purchasing an additional 72 shares during the last quarter. Wellington Shields Capital Management LLC boosted its position in shares of Alphabet by 3.6% in the 2nd quarter. Wellington Shields Capital Management LLC now owns 5,229 shares of the information services provider’s stock worth $4,752,000 after purchasing an additional 180 shares during the last quarter. Carroll Financial Associates Inc. boosted its position in shares of Alphabet by 0.9% in the 2nd quarter. Carroll Financial Associates Inc. now owns 880 shares of the information services provider’s stock worth $799,000 after purchasing an additional 8 shares during the last quarter. Finally, Lodestar Investment Counsel LLC IL boosted its position in shares of Alphabet by 2.1% in the 2nd quarter. Lodestar Investment Counsel LLC IL now owns 18,851 shares of the information services provider’s stock worth $17,131,000 after purchasing an additional 388 shares during the last quarter. Institutional investors and hedge funds own 34.52% of the company’s stock.

In other news, CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $903.86, for a total transaction of $3,615,440.00. Following the completion of the sale, the chief executive officer now directly owns 1,911 shares of the company’s stock, valued at approximately $1,727,276.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director L John Doerr sold 13,556 shares of Alphabet stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $922.15, for a total transaction of $12,500,665.40. Following the sale, the director now directly owns 3,485 shares of the company’s stock, valued at $3,213,692.75. The disclosure for this sale can be found here. Insiders have sold a total of 42,680 shares of company stock valued at $39,700,363 over the last ninety days. 13.92% of the stock is currently owned by insiders.

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Shares of Alphabet Inc. (NASDAQ GOOG) traded up 0.85% during midday trading on Wednesday, hitting $929.63. The company had a trading volume of 898,865 shares. The company’s 50-day moving average price is $924.03 and its 200 day moving average price is $909.94. The company has a market capitalization of $644.12 billion, a price-to-earnings ratio of 33.69 and a beta of 0.94. Alphabet Inc. has a 12-month low of $727.54 and a 12-month high of $988.25.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.43 by $0.58. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The company had revenue of $26.01 billion during the quarter, compared to the consensus estimate of $25.61 billion. During the same period in the previous year, the firm posted $8.42 EPS. The firm’s revenue was up 21.0% compared to the same quarter last year. Equities research analysts predict that Alphabet Inc. will post $30.59 earnings per share for the current fiscal year.

Several research analysts have recently issued reports on GOOG shares. Citigroup Inc. restated a “buy” rating and issued a $1,180.00 price target on shares of Alphabet in a research report on Thursday, July 27th. Deutsche Bank AG restated a “buy” rating on shares of Alphabet in a research report on Monday, June 12th. Vetr upgraded Alphabet from a “hold” rating to a “buy” rating and set a $995.83 target price on the stock in a report on Monday, June 26th. BidaskClub upgraded Alphabet from a “hold” rating to a “buy” rating in a report on Friday, August 25th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $1,100.00 target price on shares of Alphabet in a report on Saturday, August 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and forty-one have assigned a buy rating to the stock. Alphabet has an average rating of “Buy” and an average target price of $1,031.14.

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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