Cwm LLC Acquires 197 Shares of Alphabet Inc. (NASDAQ:GOOG)

CWM LLC increased its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 30.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 842 shares of the information services provider’s stock after buying an additional 197 shares during the period. CWM LLC’s holdings in Alphabet were worth $765,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of GOOG. State Street Corp boosted its stake in shares of Alphabet by 0.3% in the first quarter. State Street Corp now owns 12,067,675 shares of the information services provider’s stock valued at $10,010,859,000 after buying an additional 36,864 shares in the last quarter. Dodge & Cox bought a new stake in shares of Alphabet during the fourth quarter valued at $2,387,502,000. Norges Bank bought a new stake in shares of Alphabet during the fourth quarter valued at $2,128,163,000. Bank of Montreal Can boosted its stake in shares of Alphabet by 12.0% in the first quarter. Bank of Montreal Can now owns 1,692,542 shares of the information services provider’s stock valued at $1,404,065,000 after buying an additional 181,085 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Alphabet by 4.3% in the first quarter. Legal & General Group Plc now owns 1,359,262 shares of the information services provider’s stock valued at $1,127,590,000 after buying an additional 55,875 shares in the last quarter. Institutional investors own 34.54% of the company’s stock.

Shares of Alphabet Inc. (NASDAQ GOOG) traded up 0.79% during trading on Friday, reaching $914.39. The company had a trading volume of 1,206,782 shares. The company’s 50 day moving average is $936.66 and its 200-day moving average is $889.11. Alphabet Inc. has a 1-year low of $727.54 and a 1-year high of $988.25. The stock has a market capitalization of $633.56 billion, a price-to-earnings ratio of 33.14 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Monday, July 24th. The information services provider reported $5.01 EPS for the quarter, beating the consensus estimate of $4.43 by $0.58. Alphabet had a net margin of 19.49% and a return on equity of 13.66%. The company had revenue of $26.01 billion for the quarter, compared to analyst estimates of $25.61 billion. During the same period in the prior year, the company earned $8.42 earnings per share. The firm’s revenue was up 21.0% on a year-over-year basis. On average, equities research analysts anticipate that Alphabet Inc. will post $30.59 earnings per share for the current year.

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A number of research analysts have commented on GOOG shares. MKM Partners reaffirmed a “buy” rating and set a $1,170.00 price target on shares of Alphabet in a research report on Wednesday, June 28th. Morgan Stanley reaffirmed a “buy” rating on shares of Alphabet in a research report on Monday, May 29th. Nomura reaffirmed a “buy” rating and set a $985.00 price target on shares of Alphabet in a research report on Monday, May 1st. Cowen and Company reaffirmed an “outperform” rating and set a $1,075.00 price target on shares of Alphabet in a research report on Thursday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $1,050.00 price target on shares of Alphabet in a research report on Monday, July 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $1,026.22.

In other news, VP James Grier Campbell sold 184 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $932.38, for a total transaction of $171,557.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ann Mather sold 629 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $932.28, for a total transaction of $586,404.12. Following the sale, the director now directly owns 1,781 shares in the company, valued at $1,660,390.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,968 shares of company stock worth $42,387,042. Corporate insiders own 13.92% of the company’s stock.

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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