Sitrin Capital Management LLC purchased a new position in Alphabet Inc (NASDAQ:GOOG) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 249 shares of the information services provider’s stock, valued at approximately $270,000.

Several other institutional investors also recently bought and sold shares of GOOG. Oregon Public Employees Retirement Fund raised its position in shares of Alphabet by 102,010.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 56,224,303 shares of the information services provider’s stock worth $54,000 after buying an additional 56,169,241 shares in the last quarter. BlackRock Inc. raised its position in shares of Alphabet by 0.6% in the fourth quarter. BlackRock Inc. now owns 19,618,313 shares of the information services provider’s stock worth $20,316,919,000 after buying an additional 125,866 shares in the last quarter. Lunia Capital LP raised its position in shares of Alphabet by 135,522.5% in the fourth quarter. Lunia Capital LP now owns 16,870,086 shares of the information services provider’s stock worth $16,870,000 after buying an additional 16,857,647 shares in the last quarter. Jennison Associates LLC raised its position in Alphabet by 4.3% during the fourth quarter. Jennison Associates LLC now owns 1,871,132 shares of the information services provider’s stock valued at $1,937,763,000 after purchasing an additional 76,345 shares in the last quarter. Finally, Clearbridge Investments LLC raised its position in Alphabet by 1.9% during the first quarter. Clearbridge Investments LLC now owns 1,221,086 shares of the information services provider’s stock valued at $1,432,713,000 after purchasing an additional 23,257 shares in the last quarter. 33.96% of the stock is owned by hedge funds and other institutional investors.

Shares of GOOG traded down $13.69 during trading hours on Monday, hitting $1,236.72. The company had a trading volume of 127,797 shares, compared to its average volume of 1,377,497. The firm has a market cap of $868.09 billion, a price-to-earnings ratio of 26.04, a P/E/G ratio of 1.48 and a beta of 0.95. The company’s 50 day moving average is $1,114.66. The company has a current ratio of 3.98, a quick ratio of 3.96 and a debt-to-equity ratio of 0.07. Alphabet Inc has a 52-week low of $970.11 and a 52-week high of $1,289.27.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, July 25th. The information services provider reported $14.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $11.49 by $2.72. The firm had revenue of $38.94 billion for the quarter, compared to the consensus estimate of $38.21 billion. Alphabet had a return on equity of 20.15% and a net margin of 23.43%. The company’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $11.75 earnings per share. On average, equities research analysts forecast that Alphabet Inc will post 48.43 earnings per share for the current fiscal year.

A number of research firms have weighed in on GOOG. BidaskClub downgraded Weyco Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 13th. JPMorgan Chase & Co. raised their price target on PROS from $55.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday. Credit Suisse Group set a €59.00 ($68.60) price target on Renault and gave the company a “neutral” rating in a research report on Friday. Bank of America downgraded Citigroup to a “hold” rating in a research report on Friday. Finally, Benchmark restated a “buy” rating and set a $1,360.00 price target (up previously from $1,315.00) on shares of Alphabet in a research report on Friday. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have issued a buy rating to the stock. Alphabet presently has a consensus rating of “Buy” and an average target price of $1,375.73.

In related news, Director Ann Mather sold 39 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $1,187.53, for a total value of $46,313.67. Following the sale, the director now directly owns 1,797 shares of the company’s stock, valued at $2,133,991.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Amie Thuener O’toole sold 73 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $1,167.74, for a total value of $85,245.02. Following the completion of the sale, the vice president now directly owns 388 shares in the company, valued at $453,083.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 478 shares of company stock worth $549,005. Company insiders own 12.99% of the company’s stock.

Alphabet Company Profile

Alphabet Inc provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It offers performance and brand advertising services. The company operates through Google and Other Bets segments. The Google segment offers products, such as Ads, Android, Chrome, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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