Sei Investments Co. lessened its position in Alphabet Inc (NASDAQ:GOOG) by 15.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 242,264 shares of the information services provider’s stock after selling 44,314 shares during the period. Alphabet comprises 0.8% of Sei Investments Co.’s portfolio, making the stock its 11th largest holding. Sei Investments Co.’s holdings in Alphabet were worth $232,359,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Burt Wealth Advisors lifted its position in Alphabet by 17.2% during the second quarter. Burt Wealth Advisors now owns 136 shares of the information services provider’s stock valued at $123,000 after purchasing an additional 20 shares during the period. Signature Estate & Investment Advisors LLC lifted its position in Alphabet by 3.8% during the second quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock valued at $124,000 after purchasing an additional 5 shares during the period. Archford Capital Strategies LLC lifted its position in Alphabet by 400.0% during the second quarter. Archford Capital Strategies LLC now owns 1,040 shares of the information services provider’s stock valued at $139,000 after purchasing an additional 832 shares during the period. Almanack Investment Partners LLC. lifted its position in Alphabet by 4.5% during the second quarter. Almanack Investment Partners LLC. now owns 162 shares of the information services provider’s stock valued at $147,000 after purchasing an additional 7 shares during the period. Finally, St. Johns Investment Management Company LLC lifted its position in Alphabet by 1,046.7% during 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 purchasing an additional 157 shares during the period. Hedge funds and other institutional investors own 34.65% of the company’s stock.

A number of analysts have commented on GOOG shares. Deutsche Bank reaffirmed a “buy” rating on shares of Alphabet in a report on Wednesday, October 25th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Vetr cut shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,067.64 target price for the company. in a report on Monday, November 20th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, October 20th. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of Alphabet in a report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, thirty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $1,052.31.

In related news, Director Ann Mather sold 38 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $1,017.21, for a total transaction of $38,653.98. Following the completion of the transaction, the director now directly owns 1,805 shares of the company’s stock, valued at $1,836,064.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sundar Pichai sold 4,000 shares of the firm’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $1,127.17, for a total transaction of $4,508,680.00. Following the transaction, the chief executive officer now directly owns 656 shares of the company’s stock, valued at $739,423.52. The disclosure for this sale can be found here. Insiders have sold 36,900 shares of company stock valued at $38,411,507 over the last ninety days. 13.92% of the stock is currently owned by corporate insiders.

Shares of Alphabet Inc (GOOG) opened at $1,137.51 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73. The stock has a market cap of $790,343.13, a price-to-earnings ratio of 38.08 and a beta of 0.93. Alphabet Inc has a 52 week low of $790.52 and a 52 week high of $1,139.91.

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

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About Alphabet

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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