GoodHaven Capital Management LLC trimmed its stake in shares of Alphabet Inc (NASDAQ:GOOG) by 12.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,743 shares of the information services provider’s stock after selling 1,595 shares during the period. Alphabet makes up about 9.0% of GoodHaven Capital Management LLC’s investment portfolio, making the stock its 3rd biggest position. GoodHaven Capital Management LLC’s holdings in Alphabet were worth $12,821,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in GOOG. Quest Investment Management LLC lifted its stake in shares of Alphabet by 7.4% during the 2nd quarter. Quest Investment Management LLC now owns 15,388 shares of the information services provider’s stock worth $17,168,000 after purchasing an additional 1,059 shares during the last quarter. Lee Danner & Bass Inc. lifted its stake in shares of Alphabet by 2.0% during the 2nd quarter. Lee Danner & Bass Inc. now owns 8,849 shares of the information services provider’s stock worth $10,772,000 after purchasing an additional 175 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Alphabet by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,644,595 shares of the information services provider’s stock worth $4,066,096,000 after purchasing an additional 27,153 shares during the last quarter. One Capital Management LLC lifted its stake in shares of Alphabet by 9.0% during the 2nd quarter. One Capital Management LLC now owns 3,866 shares of the information services provider’s stock worth $4,313,000 after purchasing an additional 320 shares during the last quarter. Finally, HL Financial Services LLC lifted its stake in shares of Alphabet by 1.7% during the 2nd quarter. HL Financial Services LLC now owns 122,934 shares of the information services provider’s stock worth $137,151,000 after purchasing an additional 2,064 shares during the last quarter. Institutional investors own 34.12% of the company’s stock.

Alphabet stock opened at $1,095.06 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.92 and a quick ratio of 4.10. Alphabet Inc has a one year low of $970.11 and a one year high of $1,273.89. The stock has a market capitalization of $764.57 billion, a price-to-earnings ratio of 23.13 and a beta of 1.06.

Alphabet (NASDAQ:GOOG) last released its quarterly earnings results on Monday, February 4th. The information services provider reported $12.77 EPS for the quarter, beating analysts’ consensus estimates of $10.86 by $1.91. The company had revenue of $39.28 billion during the quarter, compared to analysts’ expectations of $38.91 billion. Alphabet had a return on equity of 19.94% and a net margin of 22.47%. The firm’s revenue was up 21.5% compared to the same quarter last year. During the same period last year, the business posted $9.70 earnings per share.

A number of equities research analysts recently weighed in on GOOG shares. Stifel Nicolaus restated a “buy” rating on shares of Alphabet in a research note on Friday, October 26th. UBS Group restated a “buy” rating on shares of Alphabet in a research note on Monday, January 14th. Canaccord Genuity decreased their price objective on Alphabet from $1,170.00 to $1,140.00 and set a “hold” rating for the company in a research note on Friday, October 26th. Deutsche Bank restated a “buy” rating and set a $1,375.00 price objective (up from $1,350.00) on shares of Alphabet in a research note on Tuesday, October 23rd. Finally, Macquarie reiterated a “buy” rating on shares of Alphabet in a research note on Friday, October 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-nine have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $1,327.66.

In other news, Director L John Doerr sold 11,908 shares of the stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $1,049.76, for a total value of $12,500,542.08. Following the transaction, the director now directly owns 3,485 shares of the company’s stock, valued at $3,658,413.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sundar Pichai sold 10,000 shares of the stock in a transaction dated Wednesday, November 21st. The shares were sold at an average price of $1,038.35, for a total value of $10,383,500.00. Following the completion of the transaction, the chief executive officer now directly owns 519 shares in the company, valued at $538,903.65. The disclosure for this sale can be found here. Insiders sold 79,495 shares of company stock worth $83,512,036 over the last three months. Corporate insiders own 13.11% of the company’s stock.

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About Alphabet

Alphabet Inc, through its subsidiaries, provides online advertising services in the United States and internationally. The company offers performance and brand advertising services. It operates through Google and Other Bets segments. The Google segment includes principal Internet products, such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube, as well as technical infrastructure and newer efforts, including Virtual Reality.

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Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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