Security National Trust Co. lifted its stake in shares of Alphabet Inc Class C (NASDAQ:GOOG) by 1.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,229 shares of the information services provider’s stock after purchasing an additional 42 shares during the quarter. Security National Trust Co.’s holdings in Alphabet Inc Class C were worth $2,487,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in shares of 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 worth $19,677,721,000 after buying an additional 352,952 shares during the last quarter. Summit Trail Advisors LLC lifted its position in shares of 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 worth $18,680,000 after buying an additional 18,665,638 shares during the last quarter. Magellan Asset Management Ltd lifted its position in shares of 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 worth $2,182,080,000 after buying an additional 1,845,160 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Alphabet Inc Class C by 4.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,079,768 shares of the information services provider’s stock worth $1,114,094,000 after buying an additional 45,157 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Alphabet Inc Class C by 1.1% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,069,808 shares of the information services provider’s stock worth $1,103,816,000 after buying an additional 11,529 shares during the last quarter. 34.20% of the stock is currently owned by institutional investors.

GOOG has been the subject of several recent analyst reports. BidaskClub upgraded Alphabet Inc Class C from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 26th. Morgan Stanley reiterated a “buy” rating on shares of Alphabet Inc Class C in a research report on Tuesday, August 7th. Goldman Sachs Group reiterated a “$1,186.96” rating on shares of Alphabet Inc Class C in a research report on Thursday, July 19th. Piper Jaffray Companies reiterated a “buy” rating and issued a $1,400.00 target price on shares of Alphabet Inc Class C in a research report on Tuesday, July 24th. Finally, Macquarie reiterated a “$1,205.50” rating on shares of Alphabet Inc Class C in a research report on Monday, July 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $1,255.72.

Shares of GOOG stock opened at $1,156.05 on Tuesday. The stock has a market capitalization of $816.02 billion, a PE ratio of 28.63 and a beta of 1.11. The company has a quick ratio of 4.13, a current ratio of 4.15 and a debt-to-equity ratio of 0.02. Alphabet Inc Class C has a 1-year low of $909.70 and a 1-year high of $1,273.89.

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

In other news, Director Ann Mather sold 24 shares of the stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $1,100.00, for a total value of $26,400.00. Following the completion of the sale, the director now owns 1,870 shares of the company’s stock, valued at $2,057,000. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Amie Thuener O’toole sold 73 shares of the stock in a transaction dated Tuesday, July 3rd. The shares were sold at an average price of $1,135.82, for a total value of $82,914.86. Following the completion of the sale, the vice president now directly owns 388 shares of the company’s stock, valued at approximately $440,698.16. The disclosure for this sale can be found here. In the last three months, insiders sold 88,362 shares of company stock valued at $105,611,408. Insiders own 13.11% of the company’s stock.

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.

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

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