Alphabet Inc. (GOOG) Holdings Lessened by Rothschild Asset Management Inc.

Rothschild Asset Management Inc. lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOG) by 7.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,549 shares of the information services provider’s stock after selling 2,878 shares during the period. Rothschild Asset Management Inc.’s holdings in Alphabet were worth $34,122,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Cambridge Advisors Inc. boosted its position in shares of Alphabet by 0.4% during the first quarter. Cambridge Advisors Inc. now owns 272 shares of the information services provider’s stock valued at $226,000 after buying an additional 1 shares during the period. Gradient Investments LLC boosted its holdings in shares of Alphabet by 0.6% in the second quarter. Gradient Investments LLC now owns 506 shares of the information services provider’s stock valued at $460,000 after purchasing an additional 3 shares during the period. Saratoga Research & Investment Management boosted its holdings in shares of Alphabet by 1.2% in the second quarter. Saratoga Research & Investment Management now owns 257 shares of the information services provider’s stock valued at $234,000 after purchasing an additional 3 shares during the period. Hodges Capital Management Inc. boosted its holdings in shares of Alphabet by 1.4% in the first quarter. Hodges Capital Management Inc. now owns 298 shares of the information services provider’s stock valued at $247,000 after purchasing an additional 4 shares during the period. Finally, Terra Nova Asset Management LLC boosted its holdings in shares of Alphabet by 0.6% in the second quarter. Terra Nova Asset Management LLC now owns 642 shares of the information services provider’s stock valued at $583,000 after purchasing an additional 4 shares during the period. Institutional investors and hedge funds own 34.53% of the company’s stock.

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A number of analysts recently issued reports on GOOG shares. J P Morgan Chase & Co reiterated a “buy” rating on shares of Alphabet in a report on Tuesday, July 25th. Vetr lowered Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,033.60 price target for the company. in a report on Wednesday, August 30th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Alphabet in a report on Wednesday, June 28th. Canaccord Genuity lowered Alphabet from a “buy” rating to a “hold” rating and set a $1,000.00 price target for the company. in a report on Thursday, June 15th. They noted that the move was a valuation call. Finally, UBS AG reiterated a “buy” rating and issued a $1,080.00 price target on shares of Alphabet in a report on Monday, September 11th. One 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 stock. The company presently has an average rating of “Buy” and a consensus price target of $1,034.31.

Shares of Alphabet Inc. (NASDAQ:GOOG) opened at 989.25 on Thursday. The stock has a market capitalization of $685.43 billion, a price-to-earnings ratio of 35.85 and a beta of 0.94. The stock’s 50 day moving average is $938.42 and its 200 day moving average is $922.72. Alphabet Inc. has a 1-year low of $727.54 and a 1-year high of $990.71.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share (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 business had revenue of $26.01 billion for the quarter, compared to analyst estimates of $25.61 billion. During the same period in the previous year, the business posted $8.42 earnings per share. The business’s revenue was up 21.0% compared to the same quarter last year. On average, equities analysts forecast that Alphabet Inc. will post $30.58 EPS for the current year.

In related news, Director Shirley M. Tilghman sold 525 shares of the business’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $938.09, for a total transaction of $492,497.25. Following the sale, the director now owns 5,517 shares of the company’s stock, valued at $5,175,442.53. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $969.92, for a total transaction of $3,879,680.00. Following the sale, the chief executive officer now directly owns 1,536 shares in the company, valued at approximately $1,489,797.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,694 shares of company stock worth $38,042,264. Company insiders own 13.92% of the company’s stock.

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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