Stephens Inc. AR raised its position in Alphabet Inc (NASDAQ:GOOG) by 11.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 17,938 shares of the information services provider’s stock after purchasing an additional 1,862 shares during the period. Stephens Inc. AR’s holdings in Alphabet were worth $19,389,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of GOOG. Curbstone Financial Management Corp lifted its position in shares of Alphabet by 4.3% during the 2nd quarter. Curbstone Financial Management Corp now owns 3,412 shares of the information services provider’s stock valued at $3,688,000 after acquiring an additional 140 shares during the period. B. Riley Wealth Management Inc. lifted its position in shares of Alphabet by 9.0% during the 1st quarter. B. Riley Wealth Management Inc. now owns 980 shares of the information services provider’s stock valued at $1,150,000 after acquiring an additional 81 shares during the period. First National Bank of Hutchinson lifted its position in shares of Alphabet by 3.7% during the 4th quarter. First National Bank of Hutchinson now owns 1,232 shares of the information services provider’s stock valued at $1,276,000 after acquiring an additional 44 shares during the period. Coronation Fund Managers Ltd. lifted its position in shares of Alphabet by 18.8% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 14,918 shares of the information services provider’s stock valued at $16,125,000 after acquiring an additional 2,363 shares during the period. Finally, Atlantic Union Bankshares Corp lifted its position in shares of Alphabet by 4.2% during the 2nd quarter. Atlantic Union Bankshares Corp now owns 699 shares of the information services provider’s stock valued at $756,000 after acquiring an additional 28 shares during the period. Hedge funds and other institutional investors own 33.98% of the company’s stock.

Shares of Alphabet stock traded up $8.14 on Thursday, hitting $1,172.43. The stock had a trading volume of 24,357 shares, compared to its average volume of 1,719,128. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.96 and a current ratio of 3.98. Alphabet Inc has a one year low of $970.11 and a one year high of $1,289.27. The firm has a market cap of $814.54 billion, a PE ratio of 24.74, a price-to-earnings-growth ratio of 1.29 and a beta of 0.96. The firm has a 50-day moving average of $1,155.12.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Thursday, July 25th. The information services provider reported $14.21 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $38.94 billion for the quarter, compared to analysts’ expectations of $38.21 billion. During the same quarter last year, the business earned $11.75 earnings per share. The business’s revenue was up 19.3% on a year-over-year basis. On average, equities analysts anticipate that Alphabet Inc will post 52.1 EPS for the current fiscal year.

In other news, CAO Amie Thuener O’toole sold 69 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief accounting officer now owns 388 shares in the company, valued at $404,645.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Capitalg Lp bought 140,000 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was purchased at an average price of $34.00 per share, for a total transaction of $4,760,000.00. The disclosure for this purchase can be found here. Insiders sold 2,123 shares of company stock worth $2,553,758 in the last 90 days. Company insiders own 12.99% of the company’s stock.

Several research analysts have weighed in on the stock. Benchmark restated a “buy” rating and set a $1,360.00 price objective (up previously from $1,315.00) on shares of Alphabet in a report on Friday, July 26th. UBS Group restated a “buy” rating on shares of Alphabet in a research report on Friday, July 26th. Royal Bank of Canada reiterated a “buy” rating on shares of Alphabet in a research report on Tuesday, April 30th. Zacks Investment Research upgraded shares of Alphabet from a “hold” rating to a “buy” rating and set a $1,372.00 target price for the company in a research report on Wednesday, July 31st. Finally, Deutsche Bank increased their price target on shares of Alphabet from $1,400.00 to $1,475.00 and gave the stock a “buy” rating in a report on Thursday. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $1,378.93.

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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