Guild Investment Management Inc. cut its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 29.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,289 shares of the information services provider’s stock after selling 975 shares during the period. Alphabet comprises approximately 2.3% of Guild Investment Management Inc.’s investment portfolio, making the stock its 16th largest holding. Guild Investment Management Inc.’s holdings in Alphabet were worth $2,195,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Burt Wealth Advisors increased its position in shares of Alphabet by 17.2% during the 2nd 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 last quarter. Signature Estate & Investment Advisors LLC increased its position in shares of Alphabet by 3.8% during the 2nd 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 last quarter. Almanack Investment Partners LLC. increased its position in shares of Alphabet by 4.5% during the 2nd 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 last quarter. St. Johns Investment Management Company LLC increased its position in shares of Alphabet by 1,046.7% during the 2nd 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 last quarter. Finally, Catamount Wealth Management increased its position in shares of Alphabet by 5.8% during the 2nd quarter. Catamount Wealth Management now owns 182 shares of the information services provider’s stock valued at $165,000 after purchasing an additional 10 shares during the last quarter. 34.64% of the stock is owned by hedge funds and other institutional investors.

Shares of Alphabet Inc (GOOG) opened at $1,070.68 on Wednesday. The firm has a market capitalization of $748,398.00, a P/E ratio of 36.06 and a beta of 0.93. Alphabet Inc has a 12-month low of $770.41 and a 12-month high of $1,078.49. The company has a debt-to-equity ratio of 0.03, a current ratio of 5.77 and a quick ratio of 5.73.

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

In other Alphabet news, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $958.40, for a total value of $3,833,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ann Mather sold 38 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $959.26, for a total value of $36,451.88. Following the completion of the sale, the director now owns 1,797 shares of the company’s stock, valued at approximately $1,723,790.22. The disclosure for this sale can be found here. Insiders sold 32,900 shares of company stock valued at $33,139,660 in the last quarter. Corporate insiders own 13.92% of the company’s stock.

Several equities research analysts have recently issued reports on GOOG shares. Morgan Stanley reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. BidaskClub raised Alphabet from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, October 20th. Wells Fargo & Company reissued a “buy” rating on shares of Alphabet in a report on Friday, October 6th. Finally, Vetr lowered Alphabet from a “strong-buy” rating to a “buy” rating and set a $1,031.46 price objective for the company. in a report on Tuesday, August 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-eight have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $1,047.45.

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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.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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