Prudential Financial Inc. lowered its holdings in Alphabet Inc (NASDAQ:GOOG) by 0.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 840,783 shares of the information services provider’s stock after selling 4,410 shares during the quarter. Alphabet comprises approximately 1.3% of Prudential Financial Inc.’s holdings, making the stock its 4th largest holding. Prudential Financial Inc.’s holdings in Alphabet were worth $806,404,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Burt Wealth Advisors raised its stake 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 worth $123,000 after acquiring an additional 20 shares in the last quarter. Signature Estate & Investment Advisors LLC raised its stake 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 worth $124,000 after acquiring an additional 5 shares in the last quarter. Almanack Investment Partners LLC. raised its stake 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 worth $147,000 after acquiring an additional 7 shares in the last quarter. St. Johns Investment Management Company LLC raised its stake 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 worth $156,000 after acquiring an additional 157 shares in the last quarter. Finally, Catamount Wealth Management raised its stake 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 worth $165,000 after acquiring an additional 10 shares in the last quarter. Institutional investors and hedge funds own 34.63% of the company’s stock.

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

Alphabet (NASDAQ:GOOG) last released its quarterly earnings data on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, beating the consensus estimate of $8.31 by $1.26. The business had revenue of $27.77 billion for 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 business’s revenue for the quarter was up 23.7% on a year-over-year basis. During the same period in the prior year, the firm earned $9.06 EPS.

In related news, CEO Sundar Pichai sold 4,000 shares of the business’s stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $993.58, for a total value of $3,974,320.00. Following the completion of the transaction, the chief executive officer now directly owns 1,471 shares in the company, valued at approximately $1,461,556.18. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director L John Doerr sold 12,236 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $1,021.57, for a total transaction of $12,499,930.52. Following the completion of the transaction, the director now owns 3,485 shares of the company’s stock, valued at $3,560,171.45. The disclosure for this sale can be found here. Insiders sold a total of 36,900 shares of company stock worth $37,877,147 over the last ninety days. Insiders own 13.92% of the company’s stock.

Several research firms recently commented on GOOG. UBS Group reiterated a “buy” rating on shares of Alphabet in a research note on Thursday. BidaskClub upgraded shares of Alphabet from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. SunTrust Banks boosted their price objective on shares of Alphabet to $1,250.00 and gave the stock a “buy” rating in a research note on Friday. Vetr lowered shares of Alphabet from a “sell” rating to a “strong sell” rating and set a $949.65 price objective for the company. in a research note on Wednesday. Finally, Bank of America reiterated a “buy” rating and set a $1,100.00 price objective on shares of Alphabet in a research note on Tuesday, September 26th. Two analysts have rated the stock with a sell rating, six have given a hold rating, thirty-seven have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $1,052.31.

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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.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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