Signaturefd LLC increased its holdings in Alphabet Inc (NASDAQ:GOOG) by 7.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,590 shares of the information services provider’s stock after purchasing an additional 106 shares during the quarter. Signaturefd LLC’s holdings in Alphabet were worth $1,719,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. 1 North Wealth Services LLC acquired a new stake in shares of Alphabet during the fourth quarter valued at approximately $34,000. TD Capital Management LLC raised its holdings in shares of Alphabet by 38.5% during the fourth quarter. TD Capital Management LLC now owns 36 shares of the information services provider’s stock valued at $37,000 after acquiring an additional 10 shares during the period. Truehand Inc acquired a new stake in shares of Alphabet during the fourth quarter valued at approximately $38,000. HMS Capital Management LLC acquired a new stake in shares of Alphabet during the second quarter valued at approximately $38,000. Finally, Oregon Public Employees Retirement Fund raised its holdings in shares of Alphabet by 102,010.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 56,224,303 shares of the information services provider’s stock valued at $54,000 after acquiring an additional 56,169,241 shares during the period. Institutional investors and hedge funds own 33.98% of the company’s stock.

Alphabet stock traded up $21.16 during trading hours on Tuesday, hitting $1,195.87. The company had a trading volume of 645,954 shares, compared to its average volume of 1,714,157. The firm has a market capitalization of $823.76 billion, a price-to-earnings ratio of 25.17, a P/E/G ratio of 1.30 and a beta of 0.96. The company has a quick ratio of 3.96, a current ratio of 3.98 and a debt-to-equity ratio of 0.07. The company’s fifty day moving average is $1,152.02. Alphabet Inc has a fifty-two week low of $970.11 and a fifty-two week high of $1,289.27.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, July 25th. The information services provider reported $14.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $11.49 by $2.72. The company had revenue of $38.94 billion during the quarter, compared to the consensus estimate of $38.21 billion. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $11.75 earnings per share. As a group, analysts expect that Alphabet Inc will post 52.1 EPS for the current year.

A number of equities research analysts have recently issued reports on GOOG shares. Oppenheimer boosted their price target on shares of Alphabet from $1,342.00 to $1,370.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Wedbush boosted their price target on shares of Alphabet from $1,350.00 to $1,500.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Zacks Investment Research upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,372.00 price objective on the stock in a research note on Wednesday, July 31st. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Alphabet in a research note on Friday, July 26th. Finally, Cowen upped their price objective on shares of Alphabet from $1,400.00 to $1,500.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. Alphabet currently has an average rating of “Buy” and an average target price of $1,373.93.

In other Alphabet news, VP Amie Thuener O’toole sold 55 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $1,200.74, for a total value of $66,040.70. Following the completion of the sale, the vice president now directly owns 388 shares of the company’s stock, valued at $465,887.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Capitalg Lp bought 140,000 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was acquired at an average cost of $34.00 per share, with a total value of $4,760,000.00. The disclosure for this purchase can be found here. Insiders sold 2,123 shares of company stock valued at $2,553,758 over the last three months. Insiders own 12.99% of the company’s stock.

Alphabet Company Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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