ProVise Management Group LLC reduced its position in Alphabet Inc. (NASDAQ:GOOG) by 1.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,265 shares of the information services provider’s stock after selling 35 shares during the period. ProVise Management Group LLC’s holdings in Alphabet were worth $2,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Oxbow Advisors LLC raised its holdings in Alphabet by 6.1% in the 1st quarter. Oxbow Advisors LLC now owns 10,783 shares of the information services provider’s stock worth $8,945,000 after purchasing an additional 622 shares during the period. Canada Pension Plan Investment Board raised its holdings in Alphabet by 8.9% in the 1st quarter. Canada Pension Plan Investment Board now owns 404,951 shares of the information services provider’s stock worth $335,931,000 after purchasing an additional 33,100 shares during the period. Orca Investment Management LLC raised its holdings in Alphabet by 0.7% in the 1st quarter. Orca Investment Management LLC now owns 2,796 shares of the information services provider’s stock worth $2,319,000 after purchasing an additional 19 shares during the period. Brookstone Capital Management raised its holdings in Alphabet by 28.0% in the 1st quarter. Brookstone Capital Management now owns 411 shares of the information services provider’s stock worth $341,000 after purchasing an additional 90 shares during the period. Finally, Markel Corp raised its holdings in Alphabet by 21.3% in the 1st quarter. Markel Corp now owns 74,031 shares of the information services provider’s stock worth $61,413,000 after purchasing an additional 13,000 shares during the period. Hedge funds and other institutional investors own 34.43% of the company’s stock.

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In other news, CEO Sundar Pichai sold 4,000 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $931.44, for a total transaction of $3,725,760.00. Following the transaction, the chief executive officer now directly owns 1,618 shares of the company’s stock, valued at $1,507,069.92. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Ann Mather sold 37 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $940.67, for a total transaction of $34,804.79. Following the sale, the director now directly owns 1,789 shares in the company, valued at $1,682,858.63. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,394 shares of company stock worth $37,937,930. Insiders own 13.92% of the company’s stock.

A number of equities analysts recently commented on the company. BidaskClub raised Alphabet from a “hold” rating to a “buy” rating in a report on Friday, August 25th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Alphabet in a report on Tuesday, July 25th. Canaccord Genuity reissued a “hold” rating and set a $1,000.00 price target on shares of Alphabet in a report on Thursday, July 27th. Royal Bank Of Canada reissued a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Finally, B. Riley reissued a “buy” rating and set a $1,050.00 price target (up from $1,032.00) on shares of Alphabet in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-eight have given a buy rating to the company’s stock. Alphabet presently has an average rating of “Buy” and a consensus target price of $1,047.52.

Alphabet Inc. (GOOG) opened at $1,019.09 on Monday. The stock has a market capitalization of $708,064.81, a price-to-earnings ratio of 34.12 and a beta of 0.95. 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 12-month low of $737.02 and a 12-month high of $1,048.39.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings results on Thursday, October 26th. The information services provider reported $9.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.31 by $1.26. The business had revenue of $27.77 billion for the quarter, compared to the consensus estimate of $27.17 billion. Alphabet had a return on equity of 14.26% and a net margin of 20.09%. The business’s quarterly revenue was up 23.7% on a year-over-year basis. During the same period in the prior year, the firm posted $9.06 earnings per share.

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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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