Robertson Stephens Advisors LLC decreased its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 57.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 384 shares of the information services provider’s stock after selling 521 shares during the quarter. Robertson Stephens Advisors LLC’s holdings in Alphabet were worth $349,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Capital Investment Advisory Services LLC increased its position in Alphabet by 0.4% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 253 shares of the information services provider’s stock worth $230,000 after buying an additional 1 shares during the period. Foster & Motley Inc. increased its position in shares of Alphabet by 0.8% in the second quarter. Foster & Motley Inc. now owns 265 shares of the information services provider’s stock worth $241,000 after purchasing an additional 2 shares during the period. Gradient Investments LLC increased its position in shares of Alphabet by 0.6% in the second quarter. Gradient Investments LLC now owns 506 shares of the information services provider’s stock worth $460,000 after purchasing an additional 3 shares during the period. Saratoga Research & Investment Management increased its position in shares of Alphabet by 1.2% in the second quarter. Saratoga Research & Investment Management now owns 257 shares of the information services provider’s stock worth $234,000 after purchasing an additional 3 shares during the period. Finally, Edge Wealth Management LLC increased its position in shares of Alphabet by 0.9% in the second quarter. Edge Wealth Management LLC now owns 340 shares of the information services provider’s stock worth $309,000 after purchasing an additional 3 shares during the period. 34.43% of the stock is owned by institutional investors and hedge funds.

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In other Alphabet news, Director L John Doerr sold 12,236 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $1,021.57, for a total value of $12,499,930.52. Following the transaction, the director now directly owns 3,485 shares in the company, valued at approximately $3,560,171.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann Mather sold 37 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was 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 in the company, valued at $1,682,858.63. The disclosure for this sale can be found here. Insiders have sold a total of 38,394 shares of company stock worth $37,937,930 in the last ninety days. Insiders own 13.92% of the company’s stock.

Alphabet Inc. (GOOG) opened at $1,035.96 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. Alphabet Inc. has a 1 year low of $737.02 and a 1 year high of $1,048.39. The firm has a market capitalization of $719,786.06, a price-to-earnings ratio of 34.68 and a beta of 0.95.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings data 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. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The business had revenue of $27.77 billion for the quarter, compared to analysts’ expectations of $27.17 billion. During the same quarter in the previous year, the firm earned $9.06 earnings per share. The business’s revenue was up 23.7% on a year-over-year basis.

A number of brokerages recently commented on GOOG. BidaskClub upgraded Alphabet from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Canaccord Genuity reiterated a “hold” rating and issued a $1,000.00 target price on shares of Alphabet in a research report on Thursday, July 27th. Royal Bank Of Canada reiterated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. B. Riley reiterated a “buy” rating and issued a $1,050.00 target price (up previously from $1,032.00) on shares of Alphabet in a research report on Thursday, July 27th. Finally, Cantor Fitzgerald reiterated a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $1,047.52.

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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