Wimmer Associates 1 LLC lessened its stake in Alphabet Inc (NASDAQ:GOOG) by 4.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,331 shares of the information services provider’s stock after selling 58 shares during the period. Alphabet accounts for approximately 1.3% of Wimmer Associates 1 LLC’s portfolio, making the stock its 27th largest position. Wimmer Associates 1 LLC’s holdings in Alphabet were worth $1,589,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GOOG. Steginsky Capital LLC raised its holdings in Alphabet by 1.3% during the third quarter. Steginsky Capital LLC now owns 18,507 shares of the information services provider’s stock worth $22,088,000 after purchasing an additional 234 shares in the last quarter. Garner Asset Management Corp raised its holdings in Alphabet by 27.8% during the third quarter. Garner Asset Management Corp now owns 993 shares of the information services provider’s stock worth $1,185,000 after purchasing an additional 216 shares in the last quarter. Rice Partnership LLC raised its holdings in Alphabet by 21.7% during the second quarter. Rice Partnership LLC now owns 544 shares of the information services provider’s stock worth $607,000 after purchasing an additional 97 shares in the last quarter. Jennison Associates LLC raised its holdings in Alphabet by 8.0% during the third quarter. Jennison Associates LLC now owns 1,794,787 shares of the information services provider’s stock worth $2,142,024,000 after purchasing an additional 132,781 shares in the last quarter. Finally, C WorldWide Group Holding A S raised its holdings in Alphabet by 0.3% during the third quarter. C WorldWide Group Holding A S now owns 485,671 shares of the information services provider’s stock worth $579,633,000 after purchasing an additional 1,466 shares in the last quarter. Institutional investors own 42.14% of the company’s stock.

In related news, SVP David C. Drummond sold 5,688 shares of the firm’s stock in a transaction that occurred on Wednesday, December 12th. The shares were sold at an average price of $1,070.81, for a total transaction of $6,090,767.28. Following the sale, the senior vice president now owns 42,557 shares in the company, valued at $45,570,461.17. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sundar Pichai sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 21st. The stock was sold at an average price of $1,038.35, for a total transaction of $10,383,500.00. Following the sale, the chief executive officer now owns 519 shares in the company, valued at approximately $538,903.65. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,897 shares of company stock valued at $64,948,799. Corporate insiders own 13.11% of the company’s stock.

Several research analysts recently issued reports on the stock. Goldman Sachs Group reissued a “buy” rating on shares of Alphabet in a report on Tuesday, February 12th. Credit Suisse Group reissued a “buy” rating on shares of Alphabet in a report on Tuesday, February 5th. Deutsche Bank reaffirmed a “buy” rating and issued a $1,380.00 target price (up from $1,300.00) on shares of Alphabet in a report on Tuesday, February 5th. UBS Group reaffirmed a “buy” rating on shares of Alphabet in a report on Tuesday, February 5th. Finally, Barclays dropped their target price on shares of Alphabet to $1,350.00 and set an “overweight” rating for the company in a report on Tuesday, February 5th. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-nine have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $1,327.66.

Shares of GOOG opened at $1,113.65 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.92 and a quick ratio of 3.89. Alphabet Inc has a 1-year low of $970.11 and a 1-year high of $1,273.89. The company has a market cap of $774.96 billion, a PE ratio of 23.58 and a beta of 1.06.

Alphabet (NASDAQ:GOOG) last issued its quarterly earnings data on Monday, February 4th. The information services provider reported $12.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $10.86 by $1.91. Alphabet had a net margin of 22.47% and a return on equity of 19.94%. The business had revenue of $39.28 billion during the quarter, compared to analysts’ expectations of $38.91 billion. During the same period last year, the company posted $9.70 EPS. The company’s revenue was up 21.5% on a year-over-year basis.

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Alphabet Company Profile

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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