Andra AP fonden Cuts Holdings in Alphabet Inc (NASDAQ:GOOG)

Andra AP fonden lowered its holdings in Alphabet Inc (NASDAQ:GOOG) by 4.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,700 shares of the information services provider’s stock after selling 500 shares during the period. Andra AP fonden’s holdings in Alphabet were worth $9,303,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Burt Wealth Advisors lifted its stake in Alphabet by 17.2% in the second quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock valued at $123,000 after acquiring an additional 20 shares during the last quarter. Signature Estate & Investment Advisors LLC lifted its stake in Alphabet by 3.8% in the second quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock valued at $124,000 after acquiring an additional 5 shares during the last quarter. Archford Capital Strategies LLC lifted its stake in Alphabet by 400.0% in the second quarter. Archford Capital Strategies LLC now owns 1,040 shares of the information services provider’s stock valued at $139,000 after acquiring an additional 832 shares during the last quarter. Almanack Investment Partners LLC. lifted its stake in Alphabet by 4.5% in the second quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock valued at $147,000 after acquiring an additional 7 shares during the last quarter. Finally, St. Johns Investment Management Company LLC lifted its stake in Alphabet by 1,046.7% in the second quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock valued at $156,000 after acquiring an additional 157 shares during the last quarter. 34.65% of the stock is currently owned by institutional investors.

In related news, Director Ann Mather sold 38 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $1,017.21, for a total transaction of $38,653.98. Following the completion of the sale, the director now directly owns 1,805 shares of the company’s stock, valued at approximately $1,836,064.05. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director L John Doerr sold 12,236 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $1,021.57, for a total value of $12,499,930.52. Following the sale, the director now directly owns 3,485 shares of the company’s stock, valued at $3,560,171.45. The disclosure for this sale can be found here. Insiders sold a total of 36,900 shares of company stock worth $37,877,147 over the last quarter. 13.92% of the stock is currently owned by corporate insiders.

A number of brokerages have recently weighed in on GOOG. JPMorgan Chase & Co. restated a “buy” rating on shares of Alphabet in a research note on Friday, October 27th. Deutsche Bank restated a “buy” rating on shares of Alphabet in a research note on Wednesday, October 25th. Goldman Sachs Group restated a “buy” rating on shares of Alphabet in a research note on Friday, October 20th. Morgan Stanley reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, September 29th. Finally, Bank of America reaffirmed a “buy” rating and set a $1,100.00 target price on shares of Alphabet in a research report on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, thirty-seven have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $1,052.31.

Alphabet Inc (NASDAQ:GOOG) traded up $16.74 during trading on Monday, reaching $1,122.26. 1,718,490 shares of the company’s stock were exchanged, compared to its average volume of 1,182,456. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03. Alphabet Inc has a 52 week low of $790.52 and a 52 week high of $1,124.29. The firm has a market cap of $782,650.00, a P/E ratio of 37.38 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last released its earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.31 by $1.26. The company had revenue of $27.77 billion for 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 company’s revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the company posted $9.06 EPS.

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Alphabet 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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