North American Management Corp lowered its holdings in shares of Alphabet Inc (NASDAQ:GOOG) by 34.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,287 shares of the information services provider’s stock after selling 682 shares during the quarter. North American Management Corp’s holdings in Alphabet were worth $1,536,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GOOG. IMS Capital Management grew its stake in Alphabet by 2.9% in the second quarter. IMS Capital Management now owns 1,465 shares of the information services provider’s stock valued at $1,634,000 after purchasing an additional 41 shares in the last quarter. Trust Co. of Virginia VA grew its stake in Alphabet by 7.2% in the second quarter. Trust Co. of Virginia VA now owns 614 shares of the information services provider’s stock valued at $685,000 after purchasing an additional 41 shares in the last quarter. Intl Fcstone Inc. grew its stake in Alphabet by 13.8% in the second quarter. Intl Fcstone Inc. now owns 347 shares of the information services provider’s stock valued at $387,000 after purchasing an additional 42 shares in the last quarter. Security National Trust Co. grew its stake in Alphabet by 1.9% in the second quarter. Security National Trust Co. now owns 2,229 shares of the information services provider’s stock valued at $2,487,000 after purchasing an additional 42 shares in the last quarter. Finally, Providence First Trust Co grew its stake in Alphabet by 2.7% in the second quarter. Providence First Trust Co now owns 1,581 shares of the information services provider’s stock valued at $1,764,000 after purchasing an additional 42 shares in the last quarter. 40.45% of the stock is currently owned by institutional investors.

A number of research analysts have weighed in on the company. BidaskClub downgraded Alphabet from a “buy” rating to a “hold” rating in a research note on Friday, August 17th. Raymond James reiterated an “outperform” rating and set a $1,300.00 target price (down from $1,405.00) on shares of Alphabet in a research note on Friday, October 26th. Nomura reiterated a “buy” rating on shares of Alphabet in a research note on Tuesday, December 4th. Jefferies Financial Group reiterated a “buy” rating on shares of Alphabet in a research note on Tuesday, August 21st. Finally, Macquarie reiterated a “buy” rating on shares of Alphabet in a research note on Wednesday, August 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $1,301.81.

Shares of NASDAQ GOOG opened at $1,063.68 on Thursday. The company has a quick ratio of 4.10, a current ratio of 4.14 and a debt-to-equity ratio of 0.02. Alphabet Inc has a 12 month low of $980.64 and a 12 month high of $1,273.89. The company has a market cap of $731.89 billion, a PE ratio of 23.67 and a beta of 1.15.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Thursday, October 25th. The information services provider reported $13.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $10.41 by $2.65. The business had revenue of $27.16 billion during the quarter. Alphabet had a return on equity of 19.40% and a net margin of 14.45%.

In related news, Director Ann Mather sold 25 shares of Alphabet stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $1,199.89, for a total transaction of $29,997.25. Following the completion of the sale, the director now directly owns 1,912 shares of the company’s stock, valued at approximately $2,294,189.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Sundar Pichai sold 10,000 shares of Alphabet stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $1,160.42, for a total value of $11,604,200.00. Following the sale, the chief executive officer now directly owns 546 shares of the company’s stock, valued at $633,589.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 89,435 shares of company stock valued at $97,794,636. 13.11% of the stock is currently owned by insiders.

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About Alphabet

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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