Executive Wealth Management LLC boosted its stake in Alphabet Inc (NASDAQ:GOOG) by 6.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 830 shares of the information services provider’s stock after buying an additional 52 shares during the quarter. Executive Wealth Management LLC’s holdings in Alphabet were worth $897,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Nkcfo LLC acquired a new stake in shares of Alphabet in the 4th quarter worth about $828,000. CAPROCK Group Inc. increased its stake in shares of Alphabet by 12.7% during the fourth quarter. CAPROCK Group Inc. now owns 1,378 shares of the information services provider’s stock worth $1,427,000 after acquiring an additional 155 shares during the period. Private Vista LLC increased its stake in shares of Alphabet by 3.3% during the fourth quarter. Private Vista LLC now owns 472 shares of the information services provider’s stock worth $489,000 after acquiring an additional 15 shares during the period. Ledyard National Bank increased its stake in shares of Alphabet by 1.3% during the fourth quarter. Ledyard National Bank now owns 5,270 shares of the information services provider’s stock worth $5,458,000 after acquiring an additional 69 shares during the period. Finally, Oppenheimer & Co. Inc. increased its stake in shares of Alphabet by 2.3% during the fourth quarter. Oppenheimer & Co. Inc. now owns 23,627 shares of the information services provider’s stock worth $24,468,000 after acquiring an additional 538 shares during the period. 33.98% of the stock is currently owned by hedge funds and other institutional investors.

In other Alphabet news, CAO Amie Thuener O’toole sold 69 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $1,042.90, for a total value of $71,960.10. Following the sale, the chief accounting officer now owns 388 shares of the company’s stock, valued at $404,645.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ann Mather sold 39 shares of the company’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $1,100.00, for a total transaction of $42,900.00. Following the completion of the sale, the director now directly owns 1,797 shares in the company, valued at approximately $1,976,700. The disclosure for this sale can be found here. Insiders sold 2,123 shares of company stock worth $2,553,758 in the last ninety days. Insiders own 12.99% of the company’s stock.

GOOG has been the topic of several recent analyst reports. Credit Suisse Group upped their target price on shares of Alphabet from $1,400.00 to $1,500.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Oppenheimer upped their target price on shares of Alphabet from $1,342.00 to $1,370.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Cowen upped their target price on shares of Alphabet from $1,400.00 to $1,500.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Benchmark restated a “buy” rating and set a $1,360.00 target price (up from $1,315.00) on shares of Alphabet in a research report on Friday, July 26th. Finally, BidaskClub upgraded shares of Alphabet from a “hold” rating to a “buy” rating in a research report on Saturday, July 13th. Three investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $1,378.93.

Shares of NASDAQ GOOG traded up $6.59 on Thursday, hitting $1,170.88. The company’s stock had a trading volume of 531,256 shares, compared to its average volume of 1,719,128. Alphabet Inc has a 12-month low of $970.11 and a 12-month high of $1,289.27. The stock has a market cap of $814.54 billion, a P/E ratio of 24.64, a price-to-earnings-growth ratio of 1.29 and a beta of 0.96. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.98 and a quick ratio of 3.96. The company has a 50 day simple moving average of $1,155.12.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings results on Thursday, July 25th. The information services provider reported $14.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.49 by $2.72. Alphabet had a net margin of 23.43% and a return on equity of 20.15%. The company had revenue of $38.94 billion for the quarter, compared to the consensus estimate of $38.21 billion. During the same quarter in the prior year, the firm earned $11.75 earnings per share. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. On average, sell-side analysts forecast that Alphabet Inc will post 52.1 earnings per share for the current fiscal year.

About Alphabet

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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