Ferguson Wellman Capital Management Inc. cut its position in shares of Alphabet Inc. (NASDAQ:GOOG) by 0.5% during the third quarter, Holdings Channel reports. The firm owned 3,925 shares of the company’s stock after selling 21 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Alphabet were worth $3,051,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Riverpark Capital Management LLC raised its stake in shares of Alphabet by 22.8% in the second quarter. Riverpark Capital Management LLC now owns 7,719 shares of the company’s stock worth $5,342,000 after buying an additional 1,434 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of Alphabet during the second quarter worth $927,982,000. Nordea Investment Management AB raised its stake in shares of Alphabet by 9.8% in the second quarter. Nordea Investment Management AB now owns 183,470 shares of the company’s stock worth $126,980,000 after buying an additional 16,342 shares in the last quarter. Palestra Capital Management LLC raised its stake in shares of Alphabet by 7.2% in the second quarter. Palestra Capital Management LLC now owns 43,400 shares of the company’s stock worth $30,037,000 after buying an additional 2,900 shares in the last quarter. Finally, Seaward Management Limited Partnership raised its stake in shares of Alphabet by 1.2% in the second quarter. Seaward Management Limited Partnership now owns 75,336 shares of the company’s stock worth $52,140,000 after buying an additional 895 shares in the last quarter. Institutional investors own 34.22% of the company’s stock.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

Alphabet Inc. (NASDAQ:GOOG) traded up 0.220% during midday trading on Friday, hitting $808.135. 697,369 shares of the stock traded hands. Alphabet Inc. has a 52 week low of $663.06 and a 52 week high of $816.68. The stock’s 50-day moving average price is $779.29 and its 200 day moving average price is $765.14. The company has a market capitalization of $557.00 billion, a price-to-earnings ratio of 29.578 and a beta of 0.93.

Alphabet (NASDAQ:GOOG) last announced its quarterly earnings data on Thursday, October 27th. The company reported $9.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $8.62 by $0.44. The firm earned $22.45 billion during the quarter, compared to analyst estimates of $13.17 billion. Alphabet had a net margin of 22.29% and a return on equity of 15.08%. The business’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the business posted $7.35 EPS. On average, equities research analysts predict that Alphabet Inc. will post $34.46 EPS for the current year.

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A number of analysts recently weighed in on GOOG shares. reissued a “buy” rating on shares of Alphabet in a report on Friday, September 23rd. Deutsche Bank AG reissued a “buy” rating and issued a $1,050.00 price target on shares of Alphabet in a report on Wednesday, October 12th. Macquarie reissued an “outperform” rating and issued a $975.00 price target on shares of Alphabet in a report on Wednesday, October 5th. RBC Capital Markets reaffirmed an “outperform” rating and set a $1,025.00 target price (up previously from $1,000.00) on shares of Alphabet in a report on Friday, September 30th. Finally, Vetr lowered shares of Alphabet from a “strong-buy” rating to a “buy” rating and set a $862.31 target price for the company. in a report on Monday, November 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and forty-four have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $941.91.

In related news, Director Ann Mather sold 43 shares of the company’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $788.10, for a total transaction of $33,888.30. Following the completion of the sale, the director now directly owns 1,656 shares in the company, valued at approximately $1,305,093.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Lawrence Page sold 66,664 shares of the company’s stock in a transaction on Thursday, December 22nd. The shares were sold at an average price of $799.90, for a total transaction of $53,324,533.60. Following the sale, the chief executive officer now owns 30,666 shares of the company’s stock, valued at $24,529,733.40. The disclosure for this sale can be found here. 13.92% of the stock is currently owned by insiders.

About Alphabet

Alphabet Inc is a holding company. The Company holds interests in Google Inc (Google). The Company’s segments include Google and Other Bets. Google segment includes Internet products, such as Search, Ads, Commerce, Maps, YouTube, Apps, Cloud, Android, Chrome, Google Play, and hardware products, including Chromecast, Chromebooks and Nexus, which are sold by the Company.

5 Day Chart for NASDAQ:GOOG

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