WP Advisors LLC reduced its position in shares of Alphabet Inc (NASDAQ:GOOG) by 87.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 256 shares of the information services provider’s stock after selling 1,711 shares during the period. WP Advisors LLC’s holdings in Alphabet were worth $246,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in GOOG. Burt Wealth Advisors increased its position in shares of 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 acquiring 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 second quarter. Signature Estate & Investment Advisors LLC now owns 137 shares of the information services provider’s stock valued at $124,000 after acquiring an additional 5 shares during the last quarter. Almanack Investment Partners LLC. increased its position in shares of 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 acquiring 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 second quarter. St. Johns Investment Management Company LLC now owns 172 shares of the information services provider’s stock valued at $156,000 after acquiring an additional 157 shares during the last quarter. Finally, Catamount Wealth Management increased its position in shares of Alphabet by 5.8% during the second quarter. Catamount Wealth Management now owns 182 shares of the information services provider’s stock valued at $165,000 after acquiring an additional 10 shares during the last quarter. Hedge funds and other institutional investors own 34.63% of the company’s stock.

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

In other news, Director Ann Mather sold 38 shares of Alphabet stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $1,017.21, for a total value of $38,653.98. Following the transaction, the director now directly owns 1,805 shares of the company’s stock, valued at approximately $1,836,064.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP James Grier Campbell sold 183 shares of Alphabet 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 $186,149.43. The disclosure for this sale can be found here. Insiders have sold a total of 36,900 shares of company stock valued at $37,877,147 in the last 90 days. Insiders own 13.92% of the company’s stock.

Shares of Alphabet Inc (NASDAQ:GOOG) opened at $1,122.26 on Friday. The firm has a market cap of $782,650.00, a P/E ratio of 37.38 and a beta of 0.94. The company has a current ratio of 5.77, a quick ratio of 5.73 and a debt-to-equity ratio of 0.03. Alphabet Inc has a 12-month low of $790.52 and a 12-month high of $1,124.29.

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

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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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