Summit X LLC trimmed its position in shares of Alphabet Inc Class C (NASDAQ:GOOG) by 11.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 511 shares of the information services provider’s stock after selling 68 shares during the period. Summit X LLC’s holdings in Alphabet Inc Class C were worth $516,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. BlackRock Inc. grew its holdings in Alphabet Inc Class C by 1.9% during the 1st quarter. BlackRock Inc. now owns 19,071,440 shares of the information services provider’s stock valued at $19,677,721,000 after purchasing an additional 352,952 shares during the last quarter. Summit Trail Advisors LLC grew its holdings in Alphabet Inc Class C by 132,719.3% during the 1st quarter. Summit Trail Advisors LLC now owns 18,679,702 shares of the information services provider’s stock valued at $18,680,000 after purchasing an additional 18,665,638 shares during the last quarter. Geode Capital Management LLC grew its holdings in Alphabet Inc Class C by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 3,357,642 shares of the information services provider’s stock valued at $3,506,398,000 after purchasing an additional 105,985 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Alphabet Inc Class C by 0.7% during the 4th quarter. Alliancebernstein L.P. now owns 3,228,459 shares of the information services provider’s stock valued at $3,378,260,000 after purchasing an additional 23,200 shares during the last quarter. Finally, Magellan Asset Management Ltd grew its holdings in Alphabet Inc Class C by 684.2% during the 1st quarter. Magellan Asset Management Ltd now owns 2,114,849 shares of the information services provider’s stock valued at $2,182,080,000 after purchasing an additional 1,845,160 shares during the last quarter. Institutional investors own 34.27% of the company’s stock.

In other news, VP Amie Thuener O’toole sold 72 shares of the company’s stock in a transaction that occurred on Monday, June 4th. The shares were sold at an average price of $1,122.33, for a total value of $80,807.76. Following the completion of the sale, the vice president now owns 388 shares of the company’s stock, valued at approximately $435,464.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ann Mather sold 24 shares of the company’s stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $1,100.00, for a total transaction of $26,400.00. Following the completion of the sale, the director now directly owns 1,870 shares of the company’s stock, valued at approximately $2,057,000. The disclosure for this sale can be found here. Insiders sold a total of 88,369 shares of company stock valued at $104,846,172 in the last ninety days. Corporate insiders own 13.11% of the company’s stock.

GOOG has been the topic of a number of research analyst reports. BidaskClub upgraded shares of Alphabet Inc Class C from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 26th. Raymond James restated an “outperform” rating and issued a $1,405.00 target price (up from $1,240.00) on shares of Alphabet Inc Class C in a research note on Tuesday, July 24th. Royal Bank of Canada upped their target price on shares of Alphabet Inc Class C from $1,285.00 to $1,400.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 24th. Nomura restated a “buy” rating on shares of Alphabet Inc Class C in a research note on Tuesday, July 24th. Finally, Stifel Nicolaus restated a “buy” rating on shares of Alphabet Inc Class C in a research note on Tuesday, July 24th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $1,245.96.

Shares of GOOG opened at $1,200.96 on Friday. Alphabet Inc Class C has a fifty-two week low of $903.40 and a fifty-two week high of $1,273.89. The company has a market capitalization of $861.31 billion, a PE ratio of 37.47 and a beta of 1.13. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.15 and a quick ratio of 4.13.

Alphabet Inc Class C (NASDAQ:GOOG) last announced its quarterly earnings results on Monday, July 23rd. The information services provider reported $11.75 earnings per share for the quarter, topping the consensus estimate of $9.66 by $2.09. Alphabet Inc Class C had a net margin of 13.16% and a return on equity of 18.24%. The firm had revenue of $32.66 billion during the quarter, compared to analysts’ expectations of $32.13 billion. During the same quarter in the prior year, the company earned $5.01 EPS. The company’s revenue was up 25.6% compared to the same quarter last year.

Alphabet Inc Class C Profile

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

Featured Story: What is a closed-end mutual fund (CEF)?

Want to see what other hedge funds are holding GOOG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc Class C (NASDAQ:GOOG).

Institutional Ownership by Quarter for Alphabet Inc Class C (NASDAQ:GOOG)

Receive News & Ratings for Alphabet Inc Class C Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet Inc Class C and related companies with MarketBeat.com's FREE daily email newsletter.