Braun Stacey Associates Inc. Has $12.73 Million Position in Alphabet Inc. (GOOG)

Braun Stacey Associates Inc. decreased its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 3.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,011 shares of the information services provider’s stock after selling 517 shares during the period. Braun Stacey Associates Inc.’s holdings in Alphabet were worth $12,732,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Riggs Asset Managment Co. Inc. grew its holdings in Alphabet by 39.6% during the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 141 shares of the information services provider’s stock worth $128,000 after acquiring an additional 40 shares in the last quarter. Farmers National Bank grew its holdings in Alphabet by 15.0% during the 1st quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock worth $134,000 after acquiring an additional 21 shares in the last quarter. St. Johns Investment Management Company LLC grew its holdings in Alphabet by 1,046.7% during the 2nd quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock worth $156,000 after acquiring an additional 157 shares in the last quarter. Cribstone Capital Management LLC grew its holdings in Alphabet by 5.7% during the 2nd quarter. Cribstone Capital Management LLC now owns 184 shares of the information services provider’s stock worth $167,000 after acquiring an additional 10 shares in the last quarter. Finally, Baker Boyer National Bank acquired a new position in Alphabet during the 2nd quarter worth $200,000. 34.52% of the stock is currently owned by hedge funds and other institutional investors.

In other Alphabet news, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $969.92, for a total value of $3,879,680.00. Following the transaction, the chief executive officer now directly owns 1,536 shares of the company’s stock, valued at $1,489,797.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director L John Doerr sold 13,556 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $922.15, for a total value of $12,500,665.40. Following the completion of the transaction, the director now directly owns 3,485 shares in the company, valued at $3,213,692.75. The disclosure for this sale can be found here. Insiders sold 40,694 shares of company stock worth $38,042,264 over the last quarter. 13.92% of the stock is currently owned by company insiders.

Several research analysts have weighed in on GOOG shares. Vetr raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $980.86 price objective for the company in a report on Monday, June 19th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Alphabet in a report on Wednesday, June 28th. MKM Partners reaffirmed a “buy” rating and issued a $1,170.00 price target on shares of Alphabet in a report on Wednesday, June 28th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $1,200.00 price target on shares of Alphabet in a report on Wednesday, June 28th. Finally, Credit Suisse Group reaffirmed an “outperform” rating on shares of Alphabet in a report on Friday, June 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $1,034.07.

Shares of Alphabet Inc. (NASDAQ GOOG) opened at 992.00 on Tuesday. The stock has a 50 day moving average of $942.88 and a 200 day moving average of $925.82. Alphabet Inc. has a 12-month low of $727.54 and a 12-month high of $997.21. The company has a market cap of $687.34 billion, a price-to-earnings ratio of 35.95 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.43 by $0.58. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The business had revenue of $26.01 billion for the quarter, compared to analysts’ expectations of $25.61 billion. During the same period in the prior year, the business posted $8.42 earnings per share. The firm’s revenue was up 21.0% on a year-over-year basis. On average, equities analysts expect that Alphabet Inc. will post $30.62 earnings per share for the current fiscal year.

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Alphabet Profile

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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