ST Germain D J Co. Inc. lessened its stake in Alphabet Inc. (NASDAQ:GOOG) by 40.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,302 shares of the information services provider’s stock after selling 3,649 shares during the quarter. ST Germain D J Co. Inc.’s holdings in Alphabet were worth $4,818,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. Bank of Stockton raised its stake in shares of Alphabet by 1.1% in the 2nd quarter. Bank of Stockton now owns 352 shares of the information services provider’s stock valued at $319,000 after purchasing an additional 4 shares in the last quarter. Ingalls & Snyder LLC raised its stake in shares of Alphabet by 1.2% in the 2nd quarter. Ingalls & Snyder LLC now owns 10,845 shares of the information services provider’s stock valued at $9,855,000 after purchasing an additional 127 shares in the last quarter. S&CO Inc. raised its stake in shares of Alphabet by 1.4% in the 2nd quarter. S&CO Inc. now owns 7,366 shares of the information services provider’s stock valued at $6,694,000 after purchasing an additional 104 shares in the last quarter. Suffolk Capital Management LLC raised its stake in shares of Alphabet by 23.7% in the 2nd quarter. Suffolk Capital Management LLC now owns 25,889 shares of the information services provider’s stock valued at $23,526,000 after purchasing an additional 4,959 shares in the last quarter. Finally, River Wealth Advisors LLC raised its stake in shares of Alphabet by 3.2% in the 2nd quarter. River Wealth Advisors LLC now owns 1,580 shares of the information services provider’s stock valued at $1,436,000 after purchasing an additional 49 shares in the last quarter. Institutional investors and hedge funds own 34.52% of the company’s stock.

In other Alphabet news, Director Ann Mather sold 37 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $940.67, for a total transaction of $34,804.79. Following the sale, the director now directly owns 1,789 shares of the company’s stock, valued at $1,682,858.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $958.40, for a total transaction of $3,833,600.00. The disclosure for this sale can be found here. In the last three months, insiders sold 36,694 shares of company stock worth $34,162,584. 13.92% of the stock is currently owned by insiders.

Alphabet Inc. (NASDAQ:GOOG) opened at 992.18 on Wednesday. Alphabet Inc. has a 52 week low of $727.54 and a 52 week high of $997.21. The firm has a market cap of $687.46 billion, a price-to-earnings ratio of 35.96 and a beta of 0.94. The stock’s 50 day moving average is $942.88 and its 200 day moving average is $925.82.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, topping the Zacks’ consensus estimate of $4.43 by $0.58. The business had revenue of $26.01 billion for the quarter, compared to analyst estimates of $25.61 billion. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The firm’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $8.42 earnings per share. Equities research analysts expect that Alphabet Inc. will post $30.61 EPS for the current year.

A number of brokerages have recently issued reports on GOOG. J P Morgan Chase & Co restated a “buy” rating on shares of Alphabet in a research note on Tuesday, July 25th. Canaccord Genuity restated a “hold” rating and issued a $1,000.00 target price on shares of Alphabet in a research note on Thursday, July 27th. SunTrust Banks, Inc. began coverage on shares of Alphabet in a research note on Wednesday, August 16th. They issued a “buy” rating and a $1,100.00 target price on the stock. UBS AG restated a “buy” rating and issued a $1,080.00 target price on shares of Alphabet in a research note on Tuesday, July 25th. Finally, MKM Partners restated a “buy” rating and issued a $1,210.00 target price (up previously from $1,170.00) on shares of Alphabet in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-nine have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $1,034.07.

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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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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