Sit Investment Associates Inc. maintained its position in shares of Alphabet Inc. (NASDAQ:GOOG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,032 shares of the information services provider’s stock at the end of the second quarter. Sit Investment Associates Inc.’s holdings in Alphabet were worth $11,843,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Guardian Trust Co. boosted its position in shares of Alphabet by 2.2% in the fourth quarter. Capital Guardian Trust Co. now owns 240,905 shares of the information services provider’s stock valued at $185,936,000 after buying an additional 5,111 shares during the last quarter. ARS Investment Partners LLC boosted its position in shares of Alphabet by 0.5% in the fourth quarter. ARS Investment Partners LLC now owns 4,016 shares of the information services provider’s stock valued at $3,100,000 after buying an additional 21 shares during the last quarter. Worth Venture Partners LLC acquired a new position in shares of Alphabet during the fourth quarter valued at approximately $1,532,000. Shepherd Financial Partners LLC acquired a new position in shares of Alphabet during the fourth quarter valued at approximately $3,291,000. Finally, United Capital Financial Advisers LLC boosted its position in shares of Alphabet by 0.6% in the fourth quarter. United Capital Financial Advisers LLC now owns 65,371 shares of the information services provider’s stock valued at $50,455,000 after buying an additional 388 shares during the last quarter. Institutional investors and hedge funds own 34.54% of the company’s stock.

Alphabet Inc. (NASDAQ:GOOG) traded up 0.91% during midday trading on Friday, reaching $915.52. 694,882 shares of the company traded hands. The company has a market capitalization of $634.34 billion, a price-to-earnings ratio of 33.18 and a beta of 0.94. The stock’s 50 day moving average is $937.88 and its 200 day moving average is $888.43. Alphabet Inc. has a one year low of $727.54 and a one year high of $988.25.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, beating analysts’ consensus estimates of $4.43 by $0.58. The firm had revenue of $26.01 billion during the quarter, compared to analyst estimates of $25.61 billion. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $8.42 earnings per share. On average, equities analysts anticipate that Alphabet Inc. will post $30.59 earnings per share for the current year.

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Several brokerages recently commented on GOOG. UBS AG restated a “buy” rating and set a $1,080.00 target price on shares of Alphabet in a report on Tuesday, July 25th. Barclays PLC reiterated a “buy” rating on shares of Alphabet in a research note on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Alphabet in a research note on Tuesday, July 25th. J P Morgan Chase & Co reiterated a “buy” rating on shares of Alphabet in a research note on Tuesday, July 25th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $1,100.00 price target on shares of Alphabet in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, forty have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $1,026.22.

In other news, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction that occurred on Wednesday, May 17th. The stock was sold at an average price of $937.92, for a total transaction of $3,751,680.00. Following the completion of the sale, the chief executive officer now owns 1,830 shares of the company’s stock, valued at $1,716,393.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director L John Doerr sold 13,355 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $935.93, for a total value of $12,499,345.15. Following the sale, the director now directly owns 3,468 shares of the company’s stock, valued at approximately $3,245,805.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,968 shares of company stock valued at $42,387,042. Insiders own 13.92% of the company’s stock.

About Alphabet

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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