Andra AP fonden cut its position in Alphabet Inc. (NASDAQ:GOOG) by 12.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,200 shares of the information services provider’s stock after selling 1,500 shares during the period. Andra AP fonden’s holdings in Alphabet were worth $9,269,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in GOOG. Burt Wealth Advisors increased its position in shares of Alphabet by 17.2% in 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. Riggs Asset Managment Co. Inc. increased its position in shares of Alphabet by 39.6% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 141 shares of the information services provider’s stock valued at $128,000 after purchasing an additional 40 shares during the last quarter. Farmers National Bank increased its position in shares of Alphabet by 15.0% in the 1st quarter. Farmers National Bank now owns 161 shares of the information services provider’s stock valued at $134,000 after purchasing an additional 21 shares during the last quarter. St. Johns Investment Management Company LLC grew its position in shares of Alphabet by 1,046.7% in 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 buying an additional 157 shares during the last quarter. Finally, Catamount Wealth Management grew its position in shares of Alphabet by 5.8% in the 2nd quarter. Catamount Wealth Management now owns 182 shares of the information services provider’s stock valued at $165,000 after buying an additional 10 shares during the last quarter. 34.43% of the stock is currently owned by institutional investors.

Shares of Alphabet Inc. (NASDAQ GOOG) opened at $1,040.61 on Friday. Alphabet Inc. has a 52 week low of $737.02 and a 52 week high of $1,048.39. The company has a market cap of $719,786.06, a price-to-earnings ratio of 34.68 and a beta of 0.95. 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 (NASDAQ:GOOG) last released its earnings results on Thursday, October 26th. The information services provider reported $9.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $8.31 by $1.26. Alphabet had a net margin of 20.09% and a return on equity of 14.26%. The company had revenue of $27.77 billion during the quarter, compared to analysts’ expectations of $27.17 billion. During the same quarter last year, the business earned $9.06 EPS. The business’s revenue was up 23.7% on a year-over-year basis.

In other news, Director L John Doerr sold 12,236 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $1,021.57, for a total value of $12,499,930.52. Following the completion of the sale, the director now owns 3,485 shares in the company, valued at approximately $3,560,171.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ann Mather sold 37 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $940.67, for a total transaction of $34,804.79. Following the completion of the sale, the director now owns 1,789 shares of the company’s stock, valued at approximately $1,682,858.63. The disclosure for this sale can be found here. Insiders sold a total of 38,394 shares of company stock valued at $37,937,930 in the last 90 days. Company insiders own 13.92% of the company’s stock.

A number of research firms recently commented on GOOG. Vetr downgraded shares of Alphabet from a “buy” rating to a “hold” rating and set a $1,067.64 target price on the stock. in a research report on Monday, November 20th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating on shares of Alphabet in a research report on Friday, October 27th. UBS AG reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Goldman Sachs Group Inc reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. Finally, Macquarie reaffirmed a “buy” rating on shares of Alphabet in a research report on Friday, October 27th. One research 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’s stock. The stock has an average rating of “Buy” and a consensus price target of $1,047.52.

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Alphabet 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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