Greenleaf Trust Has $13.25 Million Stake in Alphabet Inc. (GOOG)

Greenleaf Trust decreased its stake in Alphabet Inc. (NASDAQ:GOOG) by 5.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,577 shares of the information services provider’s stock after selling 778 shares during the period. Alphabet makes up 0.3% of Greenleaf Trust’s portfolio, making the stock its 12th biggest position. Greenleaf Trust’s holdings in Alphabet were worth $13,247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Cypress Asset Management Inc. TX boosted its position in shares of Alphabet by 8.8% in the second quarter. Cypress Asset Management Inc. TX now owns 1,969 shares of the information services provider’s stock worth $1,789,000 after buying an additional 160 shares during the period. Roof Eidam & Maycock ADV acquired a new position in shares of Alphabet in the second quarter worth about $1,631,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its stake in shares of Alphabet by 69.8% in the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 44,205 shares of the information services provider’s stock worth $40,495,000 after acquiring an additional 18,169 shares in the last quarter. Osborne Partners Capital Management LLC lifted its stake in shares of Alphabet by 1.6% in the second quarter. Osborne Partners Capital Management LLC now owns 9,484 shares of the information services provider’s stock worth $8,618,000 after acquiring an additional 145 shares in the last quarter. Finally, Rosenbaum Jay D. lifted its stake in shares of Alphabet by 19.4% in the second quarter. Rosenbaum Jay D. now owns 585 shares of the information services provider’s stock worth $532,000 after acquiring an additional 95 shares in the last quarter. 34.55% of the stock is owned by institutional investors.

Several research analysts recently commented on GOOG shares. Deutsche Bank AG reiterated a “buy” rating on shares of Alphabet in a research note on Monday, May 22nd. Aegis reiterated a “buy” rating on shares of Alphabet in a research note on Monday, May 22nd. Morgan Stanley reiterated a “buy” rating on shares of Alphabet in a research note on Monday, May 29th. Wells Fargo & Company reiterated a “buy” rating on shares of Alphabet in a research note on Monday, May 29th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $1,200.00 price target (up previously from $950.00) on shares of Alphabet in a research note on Sunday, May 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and forty-one have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $1,030.53.

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In other Alphabet news, CEO Sundar Pichai sold 4,000 shares of Alphabet stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $931.44, for a total transaction of $3,725,760.00. Following the completion of the sale, the chief executive officer now owns 1,618 shares of the company’s stock, valued at approximately $1,507,069.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David C. Drummond sold 2,000 shares of Alphabet stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $949.77, for a total transaction of $1,899,540.00. Following the sale, the senior vice president now directly owns 1,800 shares of the company’s stock, valued at approximately $1,709,586. The disclosure for this sale can be found here. Insiders have sold a total of 47,184 shares of company stock valued at $44,013,282 in the last ninety days. Company insiders own 13.92% of the company’s stock.

Shares of Alphabet Inc. (NASDAQ:GOOG) traded down 1.01% during midday trading on Friday, hitting $926.50. The stock had a trading volume of 1,011,538 shares. The stock has a 50-day moving average of $929.16 and a 200 day moving average of $904.03. Alphabet Inc. has a 52 week low of $727.54 and a 52 week high of $988.25. The stock has a market cap of $641.95 billion, a PE ratio of 33.58 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last released its earnings results on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, topping analysts’ consensus estimates of $4.43 by $0.58. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The firm had revenue of $26.01 billion during the quarter, compared to analyst estimates of $25.61 billion. During the same quarter in the previous year, the business earned $8.42 EPS. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. Analysts anticipate that Alphabet Inc. will post $30.59 EPS for the current fiscal year.

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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