Alphabet Inc (NASDAQ:GOOG) Holdings Cut by NN Investment Partners Holdings N.V.

NN Investment Partners Holdings N.V. lowered its holdings in Alphabet Inc (NASDAQ:GOOG) by 1.1% during the second quarter, HoldingsChannel.com reports. The fund owned 63,834 shares of the information services provider’s stock after selling 698 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Alphabet were worth $90,236,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Campbell Wealth Management bought a new stake in Alphabet in the 2nd quarter worth about $41,000. Prestige Wealth Management Group LLC grew its stake in shares of Alphabet by 1,700.0% during the 1st quarter. Prestige Wealth Management Group LLC now owns 36 shares of the information services provider’s stock valued at $42,000 after acquiring an additional 34 shares during the period. Cordasco Financial Network grew its stake in shares of Alphabet by 32.1% during the 1st quarter. Cordasco Financial Network now owns 37 shares of the information services provider’s stock valued at $43,000 after acquiring an additional 9 shares during the period. New England Investment & Retirement Group Inc. purchased a new position in Alphabet in the 1st quarter worth approximately $44,000. Finally, Paragon Capital Management LLC purchased a new position in Alphabet in the 1st quarter worth approximately $47,000. 32.91% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Ann Mather sold 32 shares of Alphabet stock in a transaction on Monday, June 1st. The stock was sold at an average price of $1,418.39, for a total value of $45,388.48. Following the completion of the sale, the director now directly owns 1,119 shares of the company’s stock, valued at $1,587,178.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John L. Hennessy sold 60 shares of Alphabet stock in a transaction on Monday, July 6th. The shares were sold at an average price of $1,495.85, for a total value of $89,751.00. Following the completion of the sale, the director now directly owns 664 shares of the company’s stock, valued at $993,244.40. The disclosure for this sale can be found here. Insiders sold 152 shares of company stock worth $221,230 in the last 90 days. Company insiders own 12.99% of the company’s stock.

Alphabet stock traded up $25.85 during trading on Thursday, reaching $1,499.46. 162,589 shares of the company were exchanged, compared to its average volume of 1,640,855. Alphabet Inc has a 52-week low of $1,013.54 and a 52-week high of $1,586.99. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.41 and a quick ratio of 3.40. The company has a market capitalization of $1,020.93 billion, a P/E ratio of 32.95, a PEG ratio of 2.07 and a beta of 1.03. The stock’s 50 day simple moving average is $1,480.70 and its two-hundred day simple moving average is $1,378.29.

Alphabet (NASDAQ:GOOG) last posted its earnings results on Thursday, July 30th. The information services provider reported $10.13 EPS for the quarter, beating the Zacks’ consensus estimate of $8.43 by $1.70. Alphabet had a return on equity of 15.62% and a net margin of 18.99%. The company had revenue of $31.60 billion for the quarter, compared to the consensus estimate of $30.58 billion. As a group, equities analysts forecast that Alphabet Inc will post 43.8 earnings per share for the current year.

A number of brokerages recently weighed in on GOOG. Zacks Investment Research upgraded Alphabet from a “sell” rating to a “hold” rating in a research note on Wednesday, July 15th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, July 31st. Jefferies Financial Group reaffirmed a “buy” rating on shares of Alphabet in a report on Tuesday, April 28th. JPMorgan Chase & Co. raised their target price on Alphabet from $1,505.00 to $1,700.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Finally, Robert W. Baird raised their target price on Alphabet from $1,650.00 to $1,675.00 in a report on Friday, July 31st. Five analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. Alphabet has an average rating of “Buy” and a consensus target price of $1,671.00.

Alphabet 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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