Investment Centers of America Inc. boosted its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 8.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,544 shares of the information services provider’s stock after acquiring an additional 195 shares during the quarter. Investment Centers of America Inc.’s holdings in Alphabet were worth $2,315,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Burt Wealth Advisors raised its position in Alphabet by 17.2% during the 2nd quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock valued at $123,000 after purchasing an additional 20 shares in the last quarter. Farmers National Bank raised its position in Alphabet by 15.0% during the 1st quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock valued at $134,000 after purchasing an additional 21 shares in the last quarter. Almanack Investment Partners LLC. raised its position in Alphabet by 4.5% during the 2nd quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock valued at $147,000 after purchasing an additional 7 shares in the last quarter. St. Johns Investment Management Company LLC raised its position in Alphabet by 1,046.7% during the 2nd quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock valued at $156,000 after purchasing an additional 157 shares in the last quarter. Finally, Catamount Wealth Management raised its position in Alphabet by 5.8% during the 2nd quarter. Catamount Wealth Management now owns 182 shares of the information services provider’s stock valued at $165,000 after purchasing an additional 10 shares in the last quarter. Institutional investors own 34.74% of the company’s stock.

Several research analysts have recently commented on the company. Vetr lowered Alphabet from a “buy” rating to a “hold” rating and set a $1,065.12 price target for the company. in a research report on Thursday. SunTrust Banks assumed coverage on Alphabet in a research report on Wednesday, August 16th. They issued a “buy” rating and a $1,100.00 price target for the company. MKM Partners reissued a “buy” rating and issued a $1,210.00 price target (up from $1,170.00) on shares of Alphabet in a research report on Thursday, August 10th. BidaskClub lowered Alphabet from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $1,100.00 price target on shares of Alphabet in a research report on Saturday, September 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $1,047.45.

In related news, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $1,002.86, for a total value of $4,011,440.00. Following the completion of the transaction, the chief executive officer now owns 1,178 shares of the company’s stock, valued at approximately $1,181,369.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David C. Drummond sold 1,496 shares of the company’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $939.76, for a total value of $1,405,880.96. Following the completion of the transaction, the senior vice president now directly owns 52 shares of the company’s stock, valued at approximately $48,867.52. The disclosure for this sale can be found here. Insiders sold 38,396 shares of company stock worth $38,242,981 in the last 90 days. Company insiders own 13.92% of the company’s stock.

Shares of Alphabet Inc (NASDAQ:GOOG) opened at $1,030.93 on Friday. Alphabet Inc has a one year low of $767.23 and a one year high of $1,062.38. The company has a quick ratio of 5.73, a current ratio of 5.77 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $721,310.00, a PE ratio of 33.65 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, topping analysts’ consensus estimates of $8.31 by $1.26. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The firm had revenue of $27.77 billion for the quarter, compared to the consensus estimate of $27.17 billion. During the same quarter in the prior year, the business earned $9.06 earnings per share. The company’s revenue was up 23.7% compared to the same quarter last year.

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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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