Alphabet Inc. (GOOG) Holdings Held by Sigma Investment Counselors Inc.

Sigma Investment Counselors Inc. continued to hold its position in Alphabet Inc. (NASDAQ:GOOG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 571 shares of the information services provider’s stock at the end of the 2nd quarter. Sigma Investment Counselors Inc.’s holdings in Alphabet were worth $519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the stock. Carnick & Kubik Group LLC raised its position in Alphabet by 16.3% in the 2nd quarter. Carnick & Kubik Group LLC now owns 901 shares of the information services provider’s stock worth $819,000 after purchasing an additional 126 shares during the period. Wetherby Asset Management Inc. raised its position in Alphabet by 3.4% in the 2nd quarter. Wetherby Asset Management Inc. now owns 3,423 shares of the information services provider’s stock worth $3,111,000 after purchasing an additional 112 shares during the period. General American Investors Co. Inc. raised its position in Alphabet by 8.9% in the 2nd quarter. General American Investors Co. Inc. now owns 30,500 shares of the information services provider’s stock worth $27,716,000 after purchasing an additional 2,500 shares during the period. Canada Pension Plan Investment Board raised its position in Alphabet by 5.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 428,151 shares of the information services provider’s stock worth $389,074,000 after purchasing an additional 23,200 shares during the period. Finally, GenTrust LLC purchased a new stake in Alphabet in the 2nd quarter worth about $223,000. 34.50% of the stock is currently owned by institutional investors.

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In related news, Director L John Doerr sold 13,556 shares of the company’s stock in a transaction 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 sale, the director now owns 3,485 shares in the company, valued at approximately $3,213,692.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $930.46, for a total transaction of $3,721,840.00. Following the completion of the sale, the chief executive officer now owns 1,764 shares of the company’s stock, valued at approximately $1,641,331.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,169 shares of company stock valued at $37,644,407. 13.92% of the stock is owned by insiders.

A number of analysts recently weighed in on the stock. Oppenheimer Holdings, Inc. reissued an “outperform” rating on shares of Alphabet in a research report on Friday. UBS AG reissued a “buy” rating on shares of Alphabet in a research report on Friday. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Alphabet in a research report on Friday. Macquarie reissued a “buy” rating on shares of Alphabet in a research report on Friday. Finally, Wells Fargo & Company reissued a “buy” rating on shares of Alphabet in a research report on Friday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-nine have issued a buy rating to the company. Alphabet currently has an average rating of “Buy” and an average price target of $1,042.22.

Alphabet Inc. (NASDAQ GOOG) opened at 1019.27 on Monday. The company’s 50 day moving average is $957.73 and its 200 day moving average is $935.53. The stock has a market cap of $706.23 billion, a PE ratio of 36.94 and a beta of 0.94. Alphabet Inc. has a one year low of $727.54 and a one year high of $1,048.39.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the consensus estimate of $8.31 by $1.26. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The firm had revenue of $27.77 billion during the quarter, compared to the consensus estimate of $27.17 billion. During the same quarter in the prior year, the firm earned $9.06 EPS. Alphabet’s revenue for the quarter was up 23.7% on a year-over-year basis. On average, equities research analysts expect that Alphabet Inc. will post $30.63 EPS for the current 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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