Alphabet Inc. (GOOG) Stake Held by Leavell Investment Management Inc.

Leavell Investment Management Inc. held its position in shares of Alphabet Inc. (NASDAQ:GOOG) during the first quarter, Holdings Channel reports. The fund owned 4,018 shares of the information services provider’s stock at the end of the first quarter. Leavell Investment Management Inc.’s holdings in Alphabet were worth $3,333,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Cambridge Advisors Inc. boosted its stake in Alphabet by 0.4% in the first quarter. Cambridge Advisors Inc. now owns 272 shares of the information services provider’s stock worth $226,000 after buying an additional 1 shares during the period. Howland Capital Management LLC boosted its stake in Alphabet by 0.3% in the first quarter. Howland Capital Management LLC now owns 637 shares of the information services provider’s stock worth $528,000 after buying an additional 2 shares during the period. Lederer & Associates Investment Counsel CA boosted its stake in Alphabet by 0.4% in the first quarter. Lederer & Associates Investment Counsel CA now owns 1,091 shares of the information services provider’s stock worth $905,000 after buying an additional 4 shares during the period. CGOV Asset Management boosted its stake in Alphabet by 0.4% in the first quarter. CGOV Asset Management now owns 1,405 shares of the information services provider’s stock worth $1,553,000 after buying an additional 5 shares during the period. Finally, Naples Global Advisors LLC boosted its stake in Alphabet by 0.7% in the first quarter. Naples Global Advisors LLC now owns 690 shares of the information services provider’s stock worth $572,000 after buying an additional 5 shares during the period. Hedge funds and other institutional investors own 34.63% of the company’s stock.

Alphabet Inc. (GOOG) opened at 918.59 on Monday. The stock’s 50 day moving average is $952.24 and its 200 day moving average is $860.20. Alphabet Inc. has a 52 week low of $696.43 and a 52 week high of $988.25. The company has a market capitalization of $635.43 billion, a P/E ratio of 31.04 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, April 27th. The information services provider reported $7.73 EPS for the quarter, topping analysts’ consensus estimates of $7.38 by $0.35. Alphabet had a net margin of 21.84% and a return on equity of 15.16%. The firm had revenue of $24.75 billion during the quarter, compared to analysts’ expectations of $24.18 billion. During the same period in the previous year, the company earned $7.50 EPS. The firm’s revenue for the quarter was up 22.2% compared to the same quarter last year. On average, equities research analysts expect that Alphabet Inc. will post $33.91 earnings per share for the current year.

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GOOG has been the topic of a number of research reports. Deutsche Bank AG reaffirmed a “buy” rating on shares of Alphabet in a report on Monday, June 12th. Vetr raised shares of Alphabet from a “hold” rating to a “buy” rating and set a $995.83 price target on the stock in a report on Monday, June 26th. Instinet reaffirmed a “buy” rating and issued a $925.00 price target on shares of Alphabet in a report on Wednesday, April 26th. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, April 28th. Finally, Mizuho reaffirmed a “buy” rating and issued a $1,024.00 price target on shares of Alphabet in a report on Thursday, March 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and forty have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $992.66.

In other Alphabet news, VP James Grier Campbell sold 183 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $911.16, for a total value of $166,742.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $903.86, for a total transaction of $3,615,440.00. Following the completion of the sale, the chief executive officer now directly owns 1,911 shares of the company’s stock, valued at $1,727,276.46. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,268 shares of company stock valued at $42,741,917. 13.92% of the stock is owned by corporate insiders.

Alphabet Company 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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