LeJeune Puetz Investment Counsel LLC Buys 10 Shares of Alphabet Inc. (GOOG)

LeJeune Puetz Investment Counsel LLC grew its stake in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,674 shares of the information services provider’s stock after buying an additional 10 shares during the quarter. Alphabet accounts for approximately 1.6% of LeJeune Puetz Investment Counsel LLC’s portfolio, making the stock its 13th largest holding. LeJeune Puetz Investment Counsel LLC’s holdings in Alphabet were worth $2,430,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Carret Asset Management LLC grew its stake in shares of Alphabet by 1.5% in the first quarter. Carret Asset Management LLC now owns 9,982 shares of the information services provider’s stock worth $8,281,000 after purchasing an additional 145 shares during the last quarter. Adviser Investments LLC bought a new stake in shares of Alphabet in the first quarter worth about $1,276,000. Hartford Investment Management Co. grew its stake in shares of Alphabet by 6.1% in the first quarter. Hartford Investment Management Co. now owns 79,529 shares of the information services provider’s stock worth $65,974,000 after purchasing an additional 4,602 shares during the last quarter. Stevens Capital Management LP grew its stake in shares of Alphabet by 228.1% in the first quarter. Stevens Capital Management LP now owns 6,463 shares of the information services provider’s stock worth $5,361,000 after purchasing an additional 4,493 shares during the last quarter. Finally, Financial Consulate Inc. bought a new stake in shares of Alphabet in the first quarter worth about $215,000. 34.53% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Alphabet Inc. (GOOG) traded up 0.92% during midday trading on Friday, hitting $978.89. 1,173,882 shares of the stock were exchanged. The firm’s 50-day moving average is $932.79 and its 200-day moving average is $918.65. Alphabet Inc. has a 12 month low of $727.54 and a 12 month high of $988.25. The stock has a market cap of $678.25 billion, a price-to-earnings ratio of 35.48 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last issued its earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $26.01 billion during the quarter, compared to analysts’ expectations of $25.61 billion. During the same quarter last year, the company posted $8.42 earnings per share. The firm’s revenue was up 21.0% compared to the same quarter last year. Equities research analysts predict that Alphabet Inc. will post $30.59 earnings per share for the current year.

Several analysts recently issued reports on GOOG shares. BidaskClub cut Alphabet from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 5th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Alphabet in a research note on Wednesday, July 5th. MKM Partners reissued a “buy” rating and issued a $1,170.00 target price on shares of Alphabet in a research note on Wednesday, June 28th. Vetr raised Alphabet from a “hold” rating to a “buy” rating and set a $995.83 target price on the stock in a research note on Monday, June 26th. Finally, Deutsche Bank AG reissued a “buy” rating on shares of Alphabet in a research note on Monday, June 12th. One 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. The stock currently has a consensus rating of “Buy” and a consensus target price of $1,034.31.

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In related news, Director Ann Mather sold 629 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $932.28, for a total transaction of $586,404.12. Following the sale, the director now owns 1,781 shares in the company, valued at $1,660,390.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director L John Doerr sold 13,556 shares of Alphabet stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $922.15, for a total transaction 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 disclosure for this sale can be found here. In the last three months, insiders have sold 42,694 shares of company stock valued at $39,941,804. 13.92% of the stock is currently owned by corporate insiders.

Alphabet Company Profile

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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