Virtu Financial LLC lessened its stake in Alphabet Inc (NASDAQ:GOOG) by 10.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,704 shares of the information services provider’s stock after selling 575 shares during the period. Alphabet comprises about 0.9% of Virtu Financial LLC’s holdings, making the stock its 12th largest holding. Virtu Financial LLC’s holdings in Alphabet were worth $5,248,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IMS Capital Management grew its position in Alphabet by 2.9% in the second quarter. IMS Capital Management now owns 1,465 shares of the information services provider’s stock worth $1,634,000 after acquiring an additional 41 shares in the last quarter. Intl Fcstone Inc. grew its position in Alphabet by 13.8% in the second quarter. Intl Fcstone Inc. now owns 347 shares of the information services provider’s stock worth $387,000 after acquiring an additional 42 shares in the last quarter. Security National Trust Co. grew its position in Alphabet by 1.9% in the second quarter. Security National Trust Co. now owns 2,229 shares of the information services provider’s stock worth $2,487,000 after acquiring an additional 42 shares in the last quarter. Armstrong Henry H Associates Inc. grew its position in Alphabet by 1.0% in the second quarter. Armstrong Henry H Associates Inc. now owns 4,365 shares of the information services provider’s stock worth $4,870,000 after acquiring an additional 44 shares in the last quarter. Finally, FCG Advisors LLC grew its position in Alphabet by 6.3% in the first quarter. FCG Advisors LLC now owns 778 shares of the information services provider’s stock worth $803,000 after acquiring an additional 46 shares in the last quarter. 34.18% of the stock is owned by institutional investors.

NASDAQ GOOG traded up $30.76 during trading on Friday, hitting $1,110.08. The stock had a trading volume of 2,029,862 shares, compared to its average volume of 1,669,302. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.15 and a quick ratio of 4.13. Alphabet Inc has a one year low of $960.52 and a one year high of $1,273.89. The company has a market cap of $830.59 billion, a P/E ratio of 29.15 and a beta of 1.11.

Alphabet (NASDAQ:GOOG) last posted its quarterly earnings results on Monday, July 23rd. The information services provider reported $11.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $9.66 by $2.09. Alphabet had a net margin of 13.16% and a return on equity of 18.24%. The firm had revenue of $32.66 billion during the quarter, compared to the consensus estimate of $32.13 billion. During the same quarter in the previous year, the firm posted $5.01 earnings per share. The company’s revenue was up 25.6% on a year-over-year basis.

In other news, Director Ann Mather sold 24 shares of Alphabet stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $1,206.20, for a total transaction of $28,948.80. Following the completion of the sale, the director now owns 1,898 shares of the company’s stock, valued at $2,289,367.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 10,000 shares of Alphabet stock in a transaction that occurred on Wednesday, July 18th. The shares were sold at an average price of $1,198.47, for a total transaction of $11,984,700.00. Following the sale, the chief executive officer now directly owns 574 shares of the company’s stock, valued at approximately $687,921.78. The disclosure for this sale can be found here. Insiders have sold 82,680 shares of company stock valued at $99,664,675 in the last ninety days. Insiders own 13.11% of the company’s stock.

GOOG has been the subject of several recent research reports. Barclays reiterated a “buy” rating on shares of Alphabet in a research report on Friday, September 14th. Morgan Stanley reiterated a “buy” rating on shares of Alphabet in a research report on Wednesday, August 29th. Macquarie reiterated a “buy” rating on shares of Alphabet in a research report on Monday, September 10th. BidaskClub downgraded shares of Alphabet from a “buy” rating to a “hold” rating in a research note on Friday, August 17th. Finally, Wells Fargo & Co reissued a “buy” rating on shares of Alphabet in a research note on Thursday, August 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-five have assigned a buy rating to the company’s stock. Alphabet presently has a consensus rating of “Buy” and a consensus price target of $1,311.71.

About Alphabet

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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