National Planning Corp Has $3.10 Million Stake in Alphabet Inc. (GOOG)

National Planning Corp increased its stake in Alphabet Inc. (NASDAQ:GOOG) by 15.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,453 shares of the information services provider’s stock after acquiring an additional 464 shares during the period. National Planning Corp’s holdings in Alphabet were worth $3,103,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. CGOV Asset Management raised 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 valued at $1,553,000 after buying an additional 5 shares in the last quarter. Waldron LP raised its stake in Alphabet by 84.3% in the first quarter. Waldron LP now owns 2,031 shares of the information services provider’s stock valued at $1,679,000 after buying an additional 929 shares in the last quarter. Ramsay Stattman Vela & Price Inc. raised its stake in Alphabet by 7.9% in the first quarter. Ramsay Stattman Vela & Price Inc. now owns 3,960 shares of the information services provider’s stock valued at $3,285,000 after buying an additional 290 shares in the last quarter. Clear Harbor Asset Management LLC raised its stake in Alphabet by 2.0% in the first quarter. Clear Harbor Asset Management LLC now owns 4,073 shares of the information services provider’s stock valued at $3,379,000 after buying an additional 79 shares in the last quarter. Finally, Baker Ellis Asset Management LLC raised its stake in Alphabet by 1.5% in the first quarter. Baker Ellis Asset Management LLC now owns 2,289 shares of the information services provider’s stock valued at $1,899,000 after buying an additional 33 shares in the last quarter. Institutional investors and hedge funds own 34.50% of the company’s stock.

In related news, Director Ann Mather sold 37 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $940.67, for a total value of $34,804.79. Following the completion of the sale, the director now owns 1,789 shares in the company, valued at approximately $1,682,858.63. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction that occurred 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 90 days, insiders sold 37,493 shares of company stock valued at $35,149,421. 13.92% of the stock is owned by insiders.

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A number of analysts have weighed in on the company. J P Morgan Chase & Co restated a “buy” rating on shares of Alphabet in a research note on Tuesday, July 25th. Canaccord Genuity restated a “hold” rating and issued a $1,000.00 price target on shares of Alphabet in a research note on Thursday, July 27th. SunTrust Banks, Inc. assumed coverage on Alphabet in a research note on Wednesday, August 16th. They issued a “buy” rating and a $1,100.00 price target on the stock. JMP Securities restated a “buy” rating on shares of Alphabet in a research note on Friday. Finally, Cantor Fitzgerald restated a “buy” rating on shares of Alphabet in a research note on Friday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-eight have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $1,045.44.

Alphabet Inc. (NASDAQ GOOG) opened at 1017.11 on Tuesday. The firm has a market capitalization of $704.73 billion, a P/E ratio of 36.86 and a beta of 0.94. Alphabet Inc. has a 12 month low of $727.54 and a 12 month high of $1,048.39. The company’s 50 day moving average price is $960.24 and its 200 day moving average price is $938.55.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $8.31 by $1.26. The business had revenue of $27.77 billion during the quarter, compared to the consensus estimate of $27.17 billion. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The firm’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $9.06 EPS. Analysts anticipate that Alphabet Inc. will post $31.85 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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